CDSL [Follow up] – Wave (5) Ending or Extending?

The earlier hypothesis of a bullish impulse in CDSL saw Wave (5) completing near the 1.0 extension from Wave (4), right at the upper channel boundary — a strong confluence zone.

On closer inspection, the internal structure of Wave (5) looks more like an A-B-C rather than a clean 1-2-3-4-5, hinting at possible exhaustion.
This raises the likelihood that Wave (A)/(1) may already be in, and a Wave (B)/(2) correction could be in progress.

Still keeping an eye on the 1.618 projection as a stretch target if the trendline breaks. Until then — structure confirmation is key.

Tools: Elliott Wave, Fibonacci Projections
Timeframe: 30min / 1H for intrawave clarity