Since high 59.97 from Jan, 1999, we saw a major correction was unfolded in blue ABC format which ultimately ended at 14.87 on Mar, 2009 by placing long term and we confirmed that red wave completed here and red wave started towards 150 area or even higher in impulsive rally. Now we are in green wave 4 of blue wave 1 of red wave and the ideal target for this green sub wave is near 70 area where we will find some resistance and then price can retrace down to 37.50 (one lesser degree of sub wave red) where green wave iv finished and uptrend will resume towards its ideal target 150.
muhiuddin
muhiuddin