As expected market has moved towards the north and seems to have exhausted its uptrend momentum at least for now. Correction is now more likely to occur after 5 waves move have already unfolded in the wave 3 Primary. Given that correction in the Primary Wave 2 is a Zig Zag, the rule of alternation could be at play here for Primary Wave 4 - most probably flat correction, triangle or double three. I'm inclined into assuming that it is flat correction. A break below 3848 would invalidate this assumption and suggest another wave is unfolding.
Disclaimer:
This is NOT buy/ sell call but for learning purposes.
Disclaimer:
This is NOT buy/ sell call but for learning purposes.
Comment:
Currently, this option is more likely