Structure seems complete. Safe short is on confirmation of 5W down and then next bounce. But can short here with hedge. One/two minor highs might come..
If it works out, target is minimum 61.8% retracement of entire rally from March..
If it works out, target is minimum 61.8% retracement of entire rally from March..
Commento:
One more minor high possible..
Commento:
Option 1: Will go directly at 13825-960 zone and top will be done.
Option 2: Will dip at 13650-600 zone, then 14000++
Option 3: Top done, confirmation is sustaining below 13570.
Option 2: Will dip at 13650-600 zone, then 14000++
Option 3: Top done, confirmation is sustaining below 13570.
Commento:
Option 1 Negated...
Now, Sustaining above 13780, dip done, going for 14K+ (Option 2)
Sustaining below 13570, top done (Option 3)
Primary count is option 2, but dip not done yet, another leg down coming at 13660-13590 Zone..
Now, Sustaining above 13780, dip done, going for 14K+ (Option 2)
Sustaining below 13570, top done (Option 3)
Primary count is option 2, but dip not done yet, another leg down coming at 13660-13590 Zone..
Commento:
Another low below today's low will confirm top done. This isn't going to be easy if really C down starts from here. Will be lots of ups in between. Sell the rise and also keep booking profit