We are doing ( iv ) th of this 5th wave inside a larger C (3rd ) wave. Lets look at the 5 minute chart .
Yesterday we completed the 3 with the BIG fall. Since 2 retraced exactly 61% of the 1st , we shouldnt see more than 39 % retracement of this 3 by the 4. That means maximum upside 5339. Dont know how far down we go. But 5118 looks like a good target .But we will definitely be having a very good rally may be by next week to 5600 area atleast .
Thanks.
Yesterday we completed the 3 with the BIG fall. Since 2 retraced exactly 61% of the 1st , we shouldnt see more than 39 % retracement of this 3 by the 4. That means maximum upside 5339. Dont know how far down we go. But 5118 looks like a good target .But we will definitely be having a very good rally may be by next week to 5600 area atleast .
Thanks.
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