Test of inherent stregth,

업데이트됨

Will it bounce back?
wave 5 of this rally in an ending diogonal.
now wave exactly 50 percent retracement of wave
5 is done.and wave 5 has retraced to the position of 4 th wave of it.
In normal case it should have retraced to the starting point of wave 5.
But now a days in bullish scenario deep retarcement is not happening.
How ever at this juncture we should be little bit cautious.
I will update in lower time frame showing what is happening in lower time frame.
Inside the diogonal wave 1 and wave 3 are almost equal and wave 5 is shorter than them.
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please go through my last post of reliance and indices which were right in their
predictions
.

노트

please expand the chart,to view the levels clearly.

노트

노트

indeed we were able to capture the most part of this move towards the downside.
At present A,B,C correction is over.But it can not be ensured that complex correction will not take place.