Short

End of falling wedge. Target @ 8670

Updated

If a breakout formed at the end of the current falling wedge, we might actually see the formation of Elliott Wave 4th count at about 8670 @ 0.5 Fibonacci level. Which might follow with a drop to 5th count @ 0.618 Fib.

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The chart break below the wedge, seems like we should be expecting drop to 0.618 fib soon. But nothing is concrete yet. Will monitor more for a day or two.

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Usually Monday is quite volatile. Wise to wait and see.

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Just closed a long position from 8140 - 8300.

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Almost reaching Elliott Wave 5.

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Target reached!

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