- So Wave E high did not get taken out all this while even though, hence Setup still valid
- A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high
- A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high
- Price did Wave i and then ii, and now iii on Downside has Started📉
Wave i= Wave iii equality comes at ~ 845🎯
Trade Plan as follows:
Short at CMP= 915.5
Downside Target Zone= 850 - 840
Stop Loss= above 940
- A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high
- A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high
- Price did Wave i and then ii, and now iii on Downside has Started📉
Wave i= Wave iii equality comes at ~ 845🎯
Trade Plan as follows:
Short at CMP= 915.5
Downside Target Zone= 850 - 840
Stop Loss= above 940
Trade closed: target reached