Seems directly moving towards (v) 11209.8 without any correction. Any change in the counts?
rf16saun
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@rsnerella, Wave V will be broken in to smaller 5 waves per my count we are in smaller degree wave 3 and resistance for wave 3 is @10,817,@11,034 and very extended dead zone @11,310. With this i have adjust the wave 4 drop only but upside potential for Wave 3 are these for now before we complete the Wave V. But for this count crucial level will be 10,820 - 11,050 let see how this plays out, only worry is this rally is getting extended to the very important fundamental week of the budget, was expecting a correction before that, now not sure if budget itself will be positive. Open to change the count if this rally breaks above the dead zone
@rf16saun, We are going good... not sure by budget day we go towards 11200 - 11500 or we break from 11050 itself...
rf16saun
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@rsnerella, Yah this market is acting like cryptos breaking the ending diagonal to the upside and a successful retest, but got a watch the levels though trading the puts way up is the option now with difference of 50 points next week is the option expiry let see how many are pulling the money before the budget. One thing is certain every one is involved in this hipe, why dont even we take a calcultae pie out of it and run with the trend watching the levels to accumulate the profit rather than just sit and watch where this market will go and reverse. Worst thing in Elliot is not to see correction hope this hit 11K and get a good correction cheers !!
rsnerella
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@rf16saun, Am option writer and safe till market breaks 10400 :) Enjoying the move with the long straddle. Just taking my pie from market.