Bigger wave count -
1. 12103-11625=478
2. 11625-11982=375
3. 11982-10637= 1345
4. 10637->>11151(38.2%)/11310(50%)
If 4ht wave is in the form of ABC then -
4.A 10637-11142=505
4.B 11142-10747
4.C 10747-> 11252(100% of A)
If 4.C is in 5 subwaves then
4.C.1 10747-10920=173
4.C.2 10920-10816=104
4.C.3 10816-11082(appx 161.8%)
4.C.4 11082-10946
4.C.5 10946-11084(38.2%)/11153(61.8%)
4.C.5 done or will it try to touch 61.8%??
If open above 11095 then it can target 11150 +/-, resistance @11125-11150.
If open low or start trading below 11070(SL 11090), short positions can be taken. Breaking 10990 will be more bearish.
BNS - Long above 28125, SL 28050. Short below 28050, confirmation below 28000; SL 281250.
1. 12103-11625=478
2. 11625-11982=375
3. 11982-10637= 1345
4. 10637->>11151(38.2%)/11310(50%)
If 4ht wave is in the form of ABC then -
4.A 10637-11142=505
4.B 11142-10747
4.C 10747-> 11252(100% of A)
If 4.C is in 5 subwaves then
4.C.1 10747-10920=173
4.C.2 10920-10816=104
4.C.3 10816-11082(appx 161.8%)
4.C.4 11082-10946
4.C.5 10946-11084(38.2%)/11153(61.8%)
4.C.5 done or will it try to touch 61.8%??
If open above 11095 then it can target 11150 +/-, resistance @11125-11150.
If open low or start trading below 11070(SL 11090), short positions can be taken. Breaking 10990 will be more bearish.
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