Weekly log scale . Depth of corrective waves

٣٠ مايو ٢٠٢٢

(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves .
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .

Long with with SL of 3450 as today a close above 3519 will complete a bullish reversal three inside up pattern