In my previous post I had mentioned the dip likely to start from 5886
But we went on to do 5904 before dipping--
And then today we seem to have found a support at 5760 levels--- I think the Chart below explains both the points:
.png)
And the overall developing Harmonic Pattern takes following shape:
.png)
So is BC over today???
I donot think so--- but we may see a bounce from current levels tomorrow to make following pattern
.png)
And in close-up this pattern can be seen as:
.png)
And even if we open gap-down below 5760, we are likely to follow the above pattern
And then we may look like this:
.png)
But we went on to do 5904 before dipping--
And then today we seem to have found a support at 5760 levels--- I think the Chart below explains both the points:
.png)
And the overall developing Harmonic Pattern takes following shape:
.png)
I donot think so--- but we may see a bounce from current levels tomorrow to make following pattern
.png)
.png)
And even if we open gap-down below 5760, we are likely to follow the above pattern
And then we may look like this:
.png)
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