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Market Commentary:
1. We are in the correction for the wave (4)(blue). One set of a,b,c correction completed and
we got nice bounce so for.
2. I am expecting it will make a 5 waves and do as a ZIGZAG for a connecting wave X).
3. Didnt know whether that wave (4)(blue) completed in a simple or it will make WXY asa double correction as i shown here.
4. I am expecting a 61.8 fibs for the previous correction in a 3 waves. so that comes near 4430
that is my target too.
5. In case if the wave (4)(blue) is a irregular flat pattern or a running triangle it can break the
high it made 4815.23 also.
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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