Hi
This is a long term wave count.
As per this....we might have completed all the 5 waves and now...a big 4th might be unfolding.
The wave count starts from April 2003 with lows of 920 and then the high towards 5260
from there again a low to 2555/
Then the 3rd wave - a glorious wave to 12240 - around feb 2020
From there we had a great fall due to covid.
Probable 4th Wave - low 9845 - around June 2020.
and after that the big 5th Wave....which probably got completed around 18350 on Jan 2022.
So there was a big move from April 2003 to January 2022 - almost 19 Years.
So it seems a big 5 wave structure got completed.
Now the fall might have started from 18350...which could go for almost next 7 years....
Supports of the big fall are around 23% - 14250 , 38% - 11714 and 50% around 9660 and the big 61.8% golden ratio around - 7600.
This is just a assumption of mine...in no way its for trade.
Constructive comments if any, are welcome!!!
This is a long term wave count.
As per this....we might have completed all the 5 waves and now...a big 4th might be unfolding.
The wave count starts from April 2003 with lows of 920 and then the high towards 5260
from there again a low to 2555/
Then the 3rd wave - a glorious wave to 12240 - around feb 2020
From there we had a great fall due to covid.
Probable 4th Wave - low 9845 - around June 2020.
and after that the big 5th Wave....which probably got completed around 18350 on Jan 2022.
So there was a big move from April 2003 to January 2022 - almost 19 Years.
So it seems a big 5 wave structure got completed.
Now the fall might have started from 18350...which could go for almost next 7 years....
Supports of the big fall are around 23% - 14250 , 38% - 11714 and 50% around 9660 and the big 61.8% golden ratio around - 7600.
This is just a assumption of mine...in no way its for trade.
Constructive comments if any, are welcome!!!