Well every thing is explained on the chart, just see it carefully. This is for intraday trading and not for long term or short term. Well tomorrow we should finish wave 4 or may be we have finished wave 4 and moving for wave 5 as an ending diagnol. One thing to note that wave 3 was not extended till 1.618% of wave 1 hence there is a chance wave 5 might get extended. Well let see what happens.
If you find my wave counts wrong or inappropriate please comment your comments are valuable.