Wave Count.
Daily chart
Wave 5 running.
Likely target 8275
Weekly chart
Wave 5 internals suggest target of 8275 however if wave 5=wave 1 then target should be 8676 and that an happen only if sub wave 5 of 5 extends (looks unlikely).
This wave 5 will be completion of larger wave III and correction in wave IV is expected from target area.
Here is full wave count on monthly time frame.
The Index seems heading near 9500 in wave 3 Cycle degree.
Daily chart
Wave 5 running.
Likely target 8275
Weekly chart
Wave 5 internals suggest target of 8275 however if wave 5=wave 1 then target should be 8676 and that an happen only if sub wave 5 of 5 extends (looks unlikely).
This wave 5 will be completion of larger wave III and correction in wave IV is expected from target area.
Here is full wave count on monthly time frame.
The Index seems heading near 9500 in wave 3 Cycle degree.
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