I have given two alternate counts above , in red and blue. Both have equal weightage and both are bullish in the long term , but presently IN CORRECTION.
THE RED COUNT
In this it is assumed that the correction already completed at bottom made at 18060. The subsequent move upward seen as an impulsive wave with 5 distinct waves. Presently markets correcting as ABC wave , the C of which MAY finish around 18250
THE BLUE COUNT
In this we have a triple zigzag , which can take the markets below the bottom as shown.
Both counts mentioned above must be taken as equal weightage.
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