With a Gap up it seems that we have done the 5th wave of fifth within the 3rd wave ...
here is the chart.
But shorting now is not advisable.One has to wait for the prices to close below the Hour low ema which at 10:00 close is at 5345.
The iv of 3 ended at 5076 so if this is wave 4 we can go uptp 5076 lvls or if that is not held then the 1st wave ended at 4801 .
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