A short relief Rally and then one last dip to 8800-9200

2 de jul. de 2019

The current movement looks very 3 wavish, although it might take us to 11,000 levels, but that is highly unlikely The next 2 days are crucial. Trading wise its super risky as B-waves are very unpredictable. So I am staying out of this trade. The higher we go in the B-Wave, the lower will be the bottom. If it goes till 11,600 then I will be looking for something around 7500. However I am expecting it to retrace from 11,000 to 9100 or so, there could be a Wick that could touch 8700 levels.