Starting with yesterday's chart:
And now putting today's chart alongside for easier comparison/continuation:
And so our fractals for Corrective SW4 now stand as:
Wave A(5 wave from):
A1=4639-4708=69
A2=4708-4669=39
A3=4669- 4866=197
(i)=4669-4771=102
(ii)=4771-4693=78
(iii)=4693-4864=171
(iv)=4864-4803=61
(v)=4803-4866=63
A4 in progress, 4866 downwards and most probable target for it=38.2% of A3(=197)=75=4790
although the downmove has tested 4787 but not as a 3 wave but as a part of a 5 wave:
May be SW1 of a 3 wave A4 is in progress as a 5 wave form and should be ideally ending at 4785.
Thus tomorrow may be a day when A4 will fan out beteen 4780 to 4870.
Now lets have a look at the Daily Nifty charts as well.
And on seeing the Daily Charts one may very well argue that SW4 is over in following way.
I would not argue---EW has subjectivity inherent to it.
And, therefore, I always say:
"To each his own"
Raghu
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.