BULLISH Scenario:
We have started impulse wave at 6.4 which ended at 9990.
Now we are in wave 2. we failed to start new impulse wave near 8200 so we had wave failure at 8.8. we are doing wxy
now we are doing Y. (within Y we are at wave C)
we have confluence supports near that green box..
1.0.786 fib extn of wave 1
2. 1:1.618 fib extn of wave A:C
3. we have trend line support (2017 Nov Low)
we possibly end (or ended) correction in that zone to start impulse wave 3..
i will update exact targets for wave 3 once we got confirmation for this count
We have started impulse wave at 6.4 which ended at 9990.
Now we are in wave 2. we failed to start new impulse wave near 8200 so we had wave failure at 8.8. we are doing wxy
now we are doing Y. (within Y we are at wave C)
we have confluence supports near that green box..
1.0.786 fib extn of wave 1
2. 1:1.618 fib extn of wave A:C
3. we have trend line support (2017 Nov Low)
we possibly end (or ended) correction in that zone to start impulse wave 3..
i will update exact targets for wave 3 once we got confirmation for this count