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.
Hi Sir,
ReplyDeleteThe levels of support are 5241 to 5273 as per chart...in write up they differ...
Regards
Kirtan Raut
Hi Kirtan Raut,
ReplyDeleteThank you for pointing out the error. I have, since corrected the typo.
Warm Regards,
Suresh