After making Low of 91226 price bounced impulsively, it was bound to happen due to extended 5th wave, now making a structure on impulsive nature and 1-2 is complete and 3 is undergoing or about to complete, I have marked 1 at 94915 an wave 2 is running correction-wxy, it also gives an impression of 1-2-1-2 but its inner count doesn’t allow, so wave 3 started from 94150 and its 200% extention is a 101,715 and now in a corrective mode, we can expect a correction for wave 4 in the range of 23-38% and than for 5th wave. Since wave 3 is extended wave 5 has to only a new high and break of 38% to the upside for complete impulse. There was a mid point where price rested a bit 99462 and continued upside move,it wasn’t even 161.8 of 3, so ignored and if it will the end of three than price must not break 100441 level to downside in current correction is 5th wave needs to make a high 103063 to complete the impulse.
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