Ideally wave iv of 5 is currently bulding after wave iii peaked at 5,048.60 calling for one more rally above 5,048.60, when wave iv is done near the 4,883 area. As wave ii was a simple Zig-zag wave iv should be a flat or a triangle.
This down move should not break below 4,733.10 at any time. A break below 4,733.10 would change the count in favor of a finished wave 5 of [B] at 5,048.60 calling for a much bigger decline.
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