Index will go further down@ 11355 before reaching 13125 and14993Index will go further down@ 11355 before reaching 13125 and14993
a nice wolfe wave compelted on the index but we should wait for further reversal signs like reversal pattern or major trendline break or MACD div.
so we think that we have another low around 11355 and then upward move will initiate toward tp1 and tp2 depicted on the chart
11355 and also targets of 13125 and 14993 are all kijensen of ichimikou on Daily timeframe which for simplicity i turned it off
these kijensens of ichimikou have powerful magnetic effects that draw candles toward themselves
so a completion of wolfe wave along with magnetic effect of kijensen are making elements of our analyiss
any comments please share
