The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly.
hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde.
Provided the low of 3rd Nov'22 (3698) respected(should not break).
If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been completed, and a new recovery wave ABC (3 waves)will start.
This may begin with a santa claus rally from 14th Nov'22
hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde.
Provided the low of 3rd Nov'22 (3698) respected(should not break).
If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been completed, and a new recovery wave ABC (3 waves)will start.
This may begin with a santa claus rally from 14th Nov'22
Note
Note
BUY ONLY AFTER FRIDAY UNTIL WATCHNote
Note
Trade active
Trade active
Trade active
Trade active
Trade active
Note
target time mentioned as 18th may extend to 23rd NovNote
Trade closed manually
long target reached 4040 ,look for short from next week
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.