market has reached a big resistance level. Correction Alert

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wave v of wave 5 may have already finished
wave i s extended and wave iii s short. wave v could only be shorter than wave iii..
Correction about to happen

٣٠ يوليو ٢٠١٧

ملاحظة

dont know why there was a 0.49% in the comment..
meant to write "wave i is extended and wave iii is short. wave v could only be shorter than wave iii" : )

١ أغسطس ٢٠١٧

ملاحظة

market s reached the 271xx-274xx area and managed to shoot over some of the resistance levels today. now approaching the downtrend line at the top around 275xx area. see how the index reacts then.
if by Friday the weekly candle could close back down below last weeks high 27169
correction should start in coming weeks. If not we would have to wait until thereare some bearish candles on the weekly chart