The downside impulse is over. I marked it as a Primary move with black circled lables. The Primary ABC correction is started. The lables in brackets show intermediate waves that constitute the primary ones.Upside move to 7700-7800 is expected. Notes on the chart.
Comment:
looks like primary a-wave is ove and b-wave correction started
Comment:
now looks like primary c-wave started. will it hit the projected level or become truncated?
Comment:
adjusted the drawings to price:
Trade closed: target reached:
the c-wave completed. target is reahed: