Dear Friends,The above chart is self explanatory.
And I need some more time to ponder over the fresh pattern and come up with a better idea of how to count the fresh pattern.
Although the previous Count mentioned taking long positions above 5170 but its framework had no scope for crossing 5329 & closing above 5349.
See you all sooner than later.
Raghu
Raghu ji,
ReplyDeleteWhat if C4 ended at 5169 and C5 ended at 4728.. And now we are retracing back the entire fall from 6330 - 4728 levels via connector X which will then be followed by another down wave in ABC form?
Dear Meavin,
ReplyDeleteC4 had to be a 3 wave form.
As 4720-5169 was not a 3 wave form,it cannot,IMHO,be accepted as C4
Guruji again bothering you
ReplyDeleteYc
a 4728- 5160= 432 (was 5 wave form)
b 5160- 5011= 149 (was 3 wave form)
c 5011 target 5443 if c=a (5 wave form) we are in 4th wave here wave one is about 137 points.
regards
UPS
Dear UPS,
ReplyDeleteThere is no botheration whatsoever.
Moreover,what you are mentioning was actually being written by me till yesterday.
At WXY degree waves there is no problem. Only thing is that now this WXY has to be considered subwave of SW4 of W3 (instead of W4).
And as I mentioned in my answer to your previous post,technically there is no problem in it.
Raghu