Wave C of correction (Wave 4 ) is in-progress

Wave C is in-progress for the correction. First Target is 8151 and Second Target is 8119 based on Fib's. The market seems to have the strength to bounce back but global markets may peg it down and the correction may continue.

The easy money is made. It will be difficult to determine if the next move is sub-wave 1 of wave 5 or extended correction.

Trade chiuso: obiettivo raggiunto:

The C Wave has extended and is in the last phase of correction.