Earlier also I was looking out for a deeper wave ii--which never happened but currently taking place...it could run in the zone of 80% to 88.6% of the fall from 1.1165 to 1.0981-where our 1st wave got over...
currently this ii-wave --I have taken it as a-b-c wave ... c-wave is currently running into its 4th wave internally...current rate-1.1093...(21:15 Hrs--IST--28th July 2016)....I am looking for a push into 1.1130--1.1150's where it will get retraced by 80%--88.6% of the fall from 1.1165 to 1.0981......
Then ...our wait for most exciting wave ends...so don't miss--the golden opportunity of taking short--risk would be +5 ticks above 1.1165 as stop once we get a push from current levels of 1.1093....shall be looking for 1.0850 target where iii-wave shall equal 161.8% of i-wave---
Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ