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MARKET COMMENTARY:
1. Now this wave broke the previous high it made 110.96 and looking like a irregular flat in wave b) or 2) as i shown here.
2. Currently we are in the correction and intermediate wave X and Y of Y) of 2) or b) will reach and yet to complete @ 109.
3. The zone 109 is the bearish channel trendline from the high was broken and it could retest and bounce for BULL trend.
4. My positional first target is 114.75 and then final is 118.75 to break in either 3 wave bigger structure or in 5 waves in ((C)).
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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