Short Term Trading Member Forum

[NASARAVI]

Bliss:

Many thanks. Can you please clarify which of my thoughts are correct from those below.

1. Are you implying that once we hit Monday's retest low we go up - is that NOT III-1-4?

2. Is Monday's retest the real low in this 5 week cycle? or you are expecting a lower low before Nov 26.

3. Or is the correction a zig-zag or A-B-C down...so we retest 1196 go up to 1220 or so, and then again come back to 1187 by
Nov 26 or so to complete III-1-4 (5 week cycle low).

Regardless, you think once we get out this correction the III-1-5 will be higher than 1227 to 1250-1313 area.

Thanks in advance.