Possible wave 4 in progress scenario . MACD confirm a decline in up momentum and on Feb 9 the price broke down the previous daily englufing candle with high selling volume .
Wave minimum level is 20255.65 and max value 19311.80 .
Invalidation :
Wave 4 should not make a daily close below the 61.8% retracement of wave 3.
Wave 4 should not retrace below wave 2 low
If price breaks up the 23452 level before reaching the min wave 4 target level
Please do your own analysis before trading .
Good LUck
Wave minimum level is 20255.65 and max value 19311.80 .
Invalidation :
Wave 4 should not make a daily close below the 61.8% retracement of wave 3.
Wave 4 should not retrace below wave 2 low
If price breaks up the 23452 level before reaching the min wave 4 target level
Please do your own analysis before trading .
Good LUck
Trade closed manually
invalid scenario
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.