INP- MSCI INDIA ETF- B-Wave Triangle About to End

This could be an important clue for India Nifty- How India ETF is shaping out.

It's an A-B-C sequence for the India ETF (MSCI) where the B - wave is a triangle which is close to finishing its triangle shape & correction could unfold for the ETF & shall be confirmed once the swing low@53 gets broken -in that case Index shall be heading down in a C - wave of the structure.

Target for C-wave could be 61.8% of A-leg, which comes in the zone 14-15

Regards,
Abhishek H. Singh, CMT

Trade active:

22:23 Hrs 6th Nov2016

Last Price- 66.14

Got a big red candle to start downside