Scenario 1: channel broken and if remained below after successful retest than virus fear sale-off continues.
Scenario-2: its just a abc correction after completion of wave patterns and we are heading towards 2600 as c.
Scenario 3: if we considered it as a huge wave 1 than the current sale-off is just the part of wave 2, than expect for more than 50% correction.
Scenario 4: if the wave 2432 to 3232 considered as 3rd wave than, market pretty well bounced today from fib 50% of the 3rd wave. than expect huge final wave as all time high target.
In my view...just a sake and bake.....the bullish game continues.
Disclaimer! Not a trade call.
Trade cautiously.
Scenario-2: its just a abc correction after completion of wave patterns and we are heading towards 2600 as c.
Scenario 3: if we considered it as a huge wave 1 than the current sale-off is just the part of wave 2, than expect for more than 50% correction.
Scenario 4: if the wave 2432 to 3232 considered as 3rd wave than, market pretty well bounced today from fib 50% of the 3rd wave. than expect huge final wave as all time high target.
In my view...just a sake and bake.....the bullish game continues.
Disclaimer! Not a trade call.
Trade cautiously.