Considering this downfall is a Zigzags ABC from 10490(as wave A unfolded in 1-5 waves); A might have done at 10254.
Now if current wave is a B wave UP from 10254, then potential target (for fall of 236 points from 10490 to 10254) could be -
38.2%=10352(almost done already??) OR 50% =10372 OR 61.8%=10412.
If B is not yet done and since B in Zigzags subdivides in 3 subwaves; ‘a’, 'b' and 'c';
'a' might have been done at 10345.
'b' can target-
38.2%=10311 OR 50%=10300 OR 61.8%=10289(stop loss for small ‘b’??) and then 'c' will start for 10400 +/- level.
Now if current wave is a B wave UP from 10254, then potential target (for fall of 236 points from 10490 to 10254) could be -
38.2%=10352(almost done already??) OR 50% =10372 OR 61.8%=10412.
If B is not yet done and since B in Zigzags subdivides in 3 subwaves; ‘a’, 'b' and 'c';
'a' might have been done at 10345.
'b' can target-
38.2%=10311 OR 50%=10300 OR 61.8%=10289(stop loss for small ‘b’??) and then 'c' will start for 10400 +/- level.
10444(appx) can be used as stop loss for wave C (as B wave
doesn't cross more than 75% of wave A).
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