wave 4 scenario(cont'd)...

update on my ew wave 4 scenario:

earlier i had described how i had sub-divided our preferred ongoing wave C-4 into flat wave A(zig zag three segments a , b, c), B(irregular flat 3 segments a , b , c of which c was impulsive down ended 2503), and C(which is going on as a terminal impulse five segments of which 3rd segment is on).

so by my analysis since terminal impulse(note how each of its 5 segments i have further sub-divided into three waves each) C of C-4 is going on, its the upmove from 2503 with tgt anywhere 3000 or above. hence on forums i had advised not to positionally short the mkt at this point of time(shorting to be done for intraday only).

at the end of all five waves of C of C-4 (near 3000 or above), there will be tremendous opportunity to short the mkt till 2000 lvls.

invalidation for this at any time is break on closing basis of the trendline from 2503, though such terminal impulses are non-trending in nature, its only for our reference iam mentioning the trendline since its currently offering good support on downside for this short term upmove.

trading lvls for nifty 2570/2612/2655/2674/2694/2732/2794/2820/2850/2900/3000/3100/3250.