We are in right earnest into wave 4 of corrective wave C of the bigger diametric D.Wave C had commenced from June 04,at 4770. Levels of 5241 to 5273 should act as a big support for the current decline. "a of 4 "should probably be there somewhere.We still have a recovery leg, a minor b up and a c of 4 down.Price action has entered the Wave 2 region as can be seen from the chart.So far the Terminal Impulse has been acting up right on cue.
2 comments:
Hi Sir,
The levels of support are 5241 to 5273 as per chart...in write up they differ...
Regards
Kirtan Raut
Hi Kirtan Raut,
Thank you for pointing out the error. I have, since corrected the typo.
Warm Regards,
Suresh
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