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Market Commentary:
1. This is a A,B,C Correction as I shown here and the wave C is a wedge formation in 5 waves.
2. Now i am expecting 3 waves for a WXY correction or if it is a simple correction i need 5
waves impulse to up side nearly to 35K.
3. So we have to watch whether it is making an impulse or correction. If it is a correction also
we can expect at least 33K in 3 waves.
4. For safer BUY you need to watch the bearish wedge to break and retest and make a STOP to the mentioned low.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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