Expecting a bounce to 138 in 3 waves for shorter term.
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Market Commentary:
1. 5 wave corrective pattern as WXYXZ seems completed here and i am in BUY from 129.75.
2. Stop and invalidation is strictly below the low it made 129.5.
3. In another view there is a still one more wave down and then bounce can also happen.
4. Conclusion is, I am expecting for 138 zone in coming days or weeks.
5. If you know the EW theory and the patterns you can understand what about this chart and my view.
6. 138 is the 38.2 fib retracement for the bearish trend happened.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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