It looks like a completion of a Elliott wave cycle as we can observe 5 impulse moves to the upward and 3 correction moves to the downside, retracing the entire impulse move by 50%.
As per the analysis, it is a good time to take a long position for the next month future expiry.
Trade Long, Trade Safe.
As per the analysis, it is a good time to take a long position for the next month future expiry.
Trade Long, Trade Safe.