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MARKET COMMENTARY:
1. From 1917 to the low it made 1750 is a 5 wave structure so that could be wave "a" of X)(red) or i) of C).
2. Now i am expecting a short term to 1850 zone and after that i am expecting a rejection for continuation for wave iii) of C) or for X)(red) and then again Y)(red) for 1960 zone in a WXY for a complex correction as i shown here.
3. Currently i am expecting a 3 wave structure to reach 1850 zone for b) or ii).
4. Dont trade blindly what i drawn lines here without knowing EW Theory...its just an idea.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont 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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