First inner SWING 8654-8321 - 161.8% break on 24th AUG-2015 , with low 7769.4.
Directly swing finished in two days and reached 261.8% tgt without TRADING
with huge gap down
Always completed swig will bounce back to last leg of the swing 0% to complete
cycle, completed on 26th OCT-2015 with H-8336.
ie.Swings Lower Point formed, check this chart EXACTLY 61.8% of
the swing 8654-7769
THAT implied that it will break previous low 7769
done on 8th DEC-2015 and reached ,minimum 138.2% of 161.8%
3rd Leg of the second Swing will halt at 138.2% or 161.8% to bounce
(Halted at 138.2% for the past 3 days)
INNER SWINGS completed,Now Go to Life time swing
Life time high 9119-8669 swing formed lower Top at 61.8% (8794)
implied minimum tgt 138.2% [7944]
Exactly Bounced from 138.2% to 38.2% [8593]
implied break 138.2% with minimum TGT 161.8% 7743 reached from 38.2%(8593)
As per Dow theory LOWER TOP formed
implied it will retest last leg of the swing 0%
reached 8269 [26th Oct 2015]
Now see the second and last chart
clearly and visibly said 7222-7156 good support to bounce.
upto 8250+
wait and watch.
