-lets assume, we have some trend before & when ever any trend gets completed, the waves always retraced the impulsive waves or the main trend.
-Here also we have seen retracement in the form of ZIG-ZAG (ABC) correction.
-Important part to notice in zigzag is its always get complted in (535) wave pattern.
-Here also we have seen the same pattern, the corrective waves gets completed @100 % fib extensions levels. (check the accumulation at the same level)
- Once the trend gets completed, (impulse + correction) we always see the new trend setup to take place.
-Here, I have marked the levels & numbering for the new impulsive waves.
-It looks like, we are some where in between wave 5 of new impulsive wave.
-Here also we have seen retracement in the form of ZIG-ZAG (ABC) correction.
-Important part to notice in zigzag is its always get complted in (535) wave pattern.
-Here also we have seen the same pattern, the corrective waves gets completed @100 % fib extensions levels. (check the accumulation at the same level)
- Once the trend gets completed, (impulse + correction) we always see the new trend setup to take place.
-Here, I have marked the levels & numbering for the new impulsive waves.
-It looks like, we are some where in between wave 5 of new impulsive wave.