Tuesday, May 07, 2013

Resistance 6050 & 6080

Dear all,

Unlike Yesterdays Post I had a Small Modification in the Last Leg of Wave Count as the 5th Leg got extended a Bit. I have used 5 min chart for showing the markings clearly.

>click the chart to see on full screen<

I have marked in Red Color with 1-5 as the last leg got extended, almost retraced 78.6% of wave (iii) and I feel 6050 or 6080 (100% of wave (iii) shall be the Maximum to complete the current rally.

If this counts are correct, then We must see the Fall from tomorrow onwards. Lets see