ARE FIVE MOTIVE WAVES COMPLETED ? THE ANSWER IS YES
When I said the target for NIFTY(9400) about two months ago nobody(including myself) benefited by keeping long position.
No wonder that is human psyc.
NOW see the chart for 5 completed motive waves,the WAVE 5 is struggling to pass 9375 which is 0.618 times of wave 1
next week we have a definite answer. the MAGIC number is 9220.
if 9220 supported we have another upmove 5=1
but DOW is matured for correction
let's celebrate BEARS.....GO SHORT....BELOW 9220
HAPPY TRADING
No wonder that is human psyc.
NOW see the chart for 5 completed motive waves,the WAVE 5 is struggling to pass 9375 which is 0.618 times of wave 1
next week we have a definite answer. the MAGIC number is 9220.
if 9220 supported we have another upmove 5=1
but DOW is matured for correction
let's celebrate BEARS.....GO SHORT....BELOW 9220
HAPPY TRADING
above link gives a clear picture in hourly charts.
wave 5(9377) is 50% external retracement of wave 4 .Fridays PRICE ACTION strongly refused to go above 9377