Analysis based on technical parameters(No Noise)
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The correction that we are witnessing after completion of the cyclic wave....is not yet over.Its only a part which seems over....what i can see is a 5 wave structure within a wedge...is it a leading diagonal indicating commencement of major correction....from my side as of now a big"NO".It will be too early to say that.....The 5 wave correction which I was mentioning in my earlier post...is turning into 1-2,1-2 wave from the bottom of march....Now coming onto the chart,the breakout from the 5 wave structure which i am seeing is an impulsive structure commencing from (e) however the top giving jitters whether the correction have completed or not...yes it have and simultaneously likely to give a 5 wave downside structure of lower degree as well...For Monday I am bearish...
Assessment only for educational purpose.
======Trade as per own risk appetite...
======Happy Trading=======
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The correction that we are witnessing after completion of the cyclic wave....is not yet over.Its only a part which seems over....what i can see is a 5 wave structure within a wedge...is it a leading diagonal indicating commencement of major correction....from my side as of now a big"NO".It will be too early to say that.....The 5 wave correction which I was mentioning in my earlier post...is turning into 1-2,1-2 wave from the bottom of march....Now coming onto the chart,the breakout from the 5 wave structure which i am seeing is an impulsive structure commencing from (e) however the top giving jitters whether the correction have completed or not...yes it have and simultaneously likely to give a 5 wave downside structure of lower degree as well...For Monday I am bearish...
Assessment only for educational purpose.
======Trade as per own risk appetite...
======Happy Trading=======