As per the Elliot Wave, 5 waves correction has been completed and now I expect three upward corrective waves before the its bearish downtrend resumes in its direction.
Risk/Reward: 1:5
Target: 609-616
Stoploss: 571-580
As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.
Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
