Hi This is a long term wave count. As per this....we might have completed all the 5 waves and now...a big 4th might be unfolding. The wave count starts from April 2003 with lows of 920 and then the high towards 5260 from there again a low to 2555/ Then the 3rd wave - a glorious wave to 12240 - around feb 2020 From there we had a great fall due to covid. Probable 4th Wave - low 9845 - around June 2020. and after that the big 5th Wave....which probably got completed around 18350 on Jan 2022.
So there was a big move from April 2003 to January 2022 - almost 19 Years.
So it seems a big 5 wave structure got completed. Now the fall might have started from 18350...which could go for almost next 7 years.... Supports of the big fall are around 23% - 14250 , 38% - 11714 and 50% around 9660 and the big 61.8% golden ratio around - 7600.
This is just a assumption of mine...in no way its for trade.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.