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Market Commentary:
1. In previous trade plan i confirmed that we are in the "C" or 3rd wave to 1.34.
2. But now it seems either the wave b) is still alive and we are in the complex correction or wave 2).
3. Because the wave completed in the 5 wave corrective pattern and each wave got 3 internal waves structure.
4. So this "C" of wave b) or 2) could be a TRAP for a retail traders looks like a bullish wave to complete. Either it could be in 3 or 5 waves.
5. My target remains same to 1.34 and the STOP should be above 1.3865.
6. The target where i placed is 1.618 of a) or 1) to the rejection b) or 2) and that is a major support zone too.
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
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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