Explanation
Please observe how effectively Sensex is following 23.6 % retracement levels. Also wave (iii) is equal to 76.4 % of Wave (i)
Please observe how effectively Sensex is following 23.6 % retracement levels. Also wave (iii) is equal to 76.4 % of Wave (i)
It looks wave (iv) is over but still need to get price confirmationWave (iii) is shorter than wave (i) and so Wave (v) should be less than 16200 as wave (iii) cannot be shortest
If wave (v) exceeds 16200 it will indicate current wave (iv) as wave ii (circle) of lesser degree and a strong wave (iii) is underway
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