I am now a believer that the rise from the lows at 6.5k is now part of a new impulse and we are currently in the process of getting the abc pullback in order to look for longs to high 8ks and 9ks. Now here after we broke the diag , we had a 5 wave move to the downside which can be marked as A , and the time rules state that B waves usually are 2-3x or more longer in time than A waves and on my chart i have marked the potential Pivot levels where the B could possibly end. Looking at the PA i think we are doing some sort of a WXY complex correction for our B wave before heading down to tap the 618 or 786 for W2 the maximum retracement which is allowed for us maintain the bullish picture. Now i will be a buyer above the break of 7.8k targetting 8.2k's and if we do get the pullback like i depicted on my chart i will be longing the 7k levels. Cheers , Comments will be much appreciated.
PP