This is a very short term chart describing my position. We have completed three waves down and now we are in the 4th Wave correction (Wave 5 of Wave A).
My position Entry: 6300 TP: 6600 (50%) and will let the other run till 6800 SL: 6284 (Extreme of Wave 4)
Furthermore, the support lines that I had posted more than 10 days ago is still holding. As expected Wave 3 made a 3.618 extension and missed the exact target by like 40 points. I expect a rally in the near future. Just enough to make a lot of shorts close their positions. I'm siding with the bulls for a change as the market is too bearish. The lucrative Risk to Reward is on the long side.