My HW for the day , read once more about characteristics of impluse waves with guidelines make notes .
Day trend intact with a close > 5DEma .
Clear 5 waves from the top today at 5965 to 5865 , so for tomorow I am keeping the retracements of this down move handy .
From | To | Fall/ Rise | 0.236% | 0.38 | 0.50 | 0.618% | 0.736% | 0.80% |
5965 | 5865 | 100 | 5,889 | 5,903 | 5,915 | 5,927 | 5,939 | 5,945 |
Price > 5945 would mean we are in 5th wave
If we start to retrace from the zone 5927-5945 then might be in C.4 ,
and we will not go below 5348 which is top of C.1
-ve divergence played out well today , a 100 point move.
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