Hopefully we are entering in to a final wave of primary wave [3[
With the kind of move and the break even of retracement level of 0.382% of the current down fall gives an indication. Assumes that Nifty is entering in to 5 of (5 ) of [3[.
Three different degree levels discussing here, in which Primary wave [3[ started from 4531 is completed its lower degree Intermediate waves 1,2,3&4, now the 5 is in progress. Intermediate wave (5) started from 6826, the Minor waves 1,2,3 & 4 is also completed and we are probably entering in to minor wave 5. If this assumption is right, we will conclude all the three degree on completion of Minor wave5.
Minor wave 5 is hopefully starting from 10670 can end around 12100 to 12800 range.
A 38.2% of w3 will give a target 12146 and a move equals to w1 can take this w5 to 12813. There are many hyppo levels possible here. Let us wait and see how it evolve in real world.
The new 2-4 line is redrawn and mentioned in the previous post.
With the kind of move and the break even of retracement level of 0.382% of the current down fall gives an indication. Assumes that Nifty is entering in to 5 of (5 ) of [3[.
Three different degree levels discussing here, in which Primary wave [3[ started from 4531 is completed its lower degree Intermediate waves 1,2,3&4, now the 5 is in progress. Intermediate wave (5) started from 6826, the Minor waves 1,2,3 & 4 is also completed and we are probably entering in to minor wave 5. If this assumption is right, we will conclude all the three degree on completion of Minor wave5.
Minor wave 5 is hopefully starting from 10670 can end around 12100 to 12800 range.
A 38.2% of w3 will give a target 12146 and a move equals to w1 can take this w5 to 12813. There are many hyppo levels possible here. Let us wait and see how it evolve in real world.
The new 2-4 line is redrawn and mentioned in the previous post.