Long term monthly Fib extension of Wave 3 show that it extended till 1.764 ratio from wave 2 bottom and after last year Wave 4... sudden fall to 2191 in monthly chart (wave 4 bottom).. is currently facing Fib extension ratio of 1.382% roughly around 4220... Taking rest at this place 4220... It will interesting to see if it can reach 4550 this year.. before starting long term corrective phase.... We need to ensure we have good risk management and stop loss...as Wave 5 can complete happen any time this year or next year ...whether we like it or not trend slowly will become sell on rise or long consolidation or corrective phase .. People might call any target they like.. it is our money.. we need to be watchful...
The length of Wave 1 is 1468.
The length of Wave 1 is 1468.