The third alternative is simpler.According to this, we have completed the A leg of the down move and are currently in the complicated B wave. This will tend to consume time without going anywhere in particular.And ultimately wave B could end and a bigger wave C down may commence after a few weeks.
Dear Suresh,
ReplyDeleteI am new to this blog. Amazing analysis,as I went through your archives.
The first two charts are crystal clear and both points towards a bearish one testing 5548.
But the wave count 3 needs some explanation for a novice like me.
Besides the point, you approach leads me to light and comes to a prognosis, no moves are random.
Great job sir, great job
Dear Cheeku,
ReplyDeleteThe third alternative is simpler.According to this, we have completed the A leg of the down move and are currently in the complicated B wave. This will tend to consume time without going anywhere in particular.And ultimately wave B could end and a bigger wave C down may commence after a few weeks.
Thanks for your comments, Cheeku.
Warm Regards
Suresh
Dear Suresh,
ReplyDeleteThanks for the enlightenment which adds more clarity with your sum up.