considering we had a wave failure...
we assume we are completed the Wave A of ABC correction.with recent swin high -9217.5 and swing low-6404.5
With wave A we can assume a dead cat bounce of .236-.38 fib retracemnt.
However we have already above .236 fib , Based on the fact that we are yet to complete wave B with 3 waves up,The possible target is .38 ..i.e 7479
Wave B targets
-----------------
Based on how deep we retrace on sub wave b of wave B
if it retraces up to .5 fib -6765.1 the target can be 7353(.78 fib)-7515(1 fib)
if it retraces up to .61 fib -6679.1 the target can be 7273(.78 fib)-7435(1 fib)
Wave C targets
-------------------
Based on wave B retracement we can predict Wave c .
our assumptions
if it retraces up to .38 fib -7479 the target can be 5262(.78 fib)-4660(1 fib)
Not a financial advice
we assume we are completed the Wave A of ABC correction.with recent swin high -9217.5 and swing low-6404.5
With wave A we can assume a dead cat bounce of .236-.38 fib retracemnt.
However we have already above .236 fib , Based on the fact that we are yet to complete wave B with 3 waves up,The possible target is .38 ..i.e 7479
Wave B targets
-----------------
Based on how deep we retrace on sub wave b of wave B
if it retraces up to .5 fib -6765.1 the target can be 7353(.78 fib)-7515(1 fib)
if it retraces up to .61 fib -6679.1 the target can be 7273(.78 fib)-7435(1 fib)
Wave C targets
-------------------
Based on wave B retracement we can predict Wave c .
our assumptions
if it retraces up to .38 fib -7479 the target can be 5262(.78 fib)-4660(1 fib)
Not a financial advice
