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Market Commentary:
1. 5 Waves done in downside and now i am expecting the correction for the impulse.
2. Expecting a,b,c or w,x,y correction for wave b) to reach the previous major resistance and 61.8 fib retracement for the previous impulse wave down.
3. 4300 is the zone i am expecting to complete the correction. But from the low it made a 5 waves impulse in bullish.
4. So we can make that as a strong STOP and we can trade in BUY if it comes to 3650 making the previous low as a STOP.
5. Once Wave "b" completed i am expecting a bull run to mentioned target but may or may not in straight line.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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