The correction in progress, labeled wave b of minor wave z , appears like a complex or like a combination (the two corrective patterns most hard to interpret).
It's difficult to say if the index has reached the first bottom of wave [a]/[w] ;
this down move could be a w-x-y or a w-x-y-x-z and 1525 the best target, but the market is still very strong.
We must be patient, look and wait; in this condition, trading is too risk even in the intra-day time frame.
Have a great trading day ... with care!
It's difficult to say if the index has reached the first bottom of wave [a]/[w] ;
this down move could be a w-x-y or a w-x-y-x-z and 1525 the best target, but the market is still very strong.
We must be patient, look and wait; in this condition, trading is too risk even in the intra-day time frame.
Have a great trading day ... with care!
ElwaveSurfer
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