So what is next - obviously wave 4 -as all we know -wave 4 can never go in the wave 1 region- where does wave 1 completed at? - Yes, you are correct at lows 1.3185- wave 1 completed so when do you know your count is wrong -very simple, if UC goes above 1.3185 which is wave 1 as per our assumption this count becomes invalid, so what are we left with - a corrected pattern & once it starts moving above 1.3220 - it will become A-B-C pattern.
Result- Going above 1.3185 -bears- a warning sign & going above 1.3220 -surely bears will be killed.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ