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Market Commentary:
1. I already mentioned that we are in the final leg in this yellow guy in 5 wave structure.
2.The high it made on YESTERDAY 2146.79 is the completion of this bullish trend.
3. The 5th wave ended as a diagonal pattern and each wave got a,b,c in it.
4. Now we are in the downtrend that is called a correction A,B,C in the opposite direction for the previous trend.
5. We can expect minimum 23.6 that is 1650 and 38.2 the golden ratio that is 1334.
6. REMIND...this is a correction it will take more time than we expect and here it is in MONTLY TF analysis.
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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