C-Wave measures equality in the zone 1.3125-1.3135 which is also confluenced by -likely suggesting that zone could be the halting zone before it starts upside again.
It's a temporary peak -shall correct to have much bigger move - yellow wave-i had high-1.3235 was retraced 50% by yellow wave -ii making a firstname.lastname@example.org on the FED decision day. Since then we moved 1st wave in iii-wave. Currently moving into 2nd wave of iii-wave. This 2nd wave is discussed above (which has opened in 3 waves A-B-C)
We are waiting for C-wave to finish 2nd wave in yellow iii-wave. Targets for iii -wave could be same distance as of i-wave which comes in the zone 1.3410-1.3415 or 161.8% of yellow wave-i which comes in the zone 1.3665-1.3675
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ