Market do not seem to be stopping or reversing but crouching up.
Rethinking about the wave label. It may be possible that the sub wave 5 of the current wave 3 (c) may be extending and is subdividing in itself. With that possibility, daily chart is re-labeled. This may take the market to near 5900 level as well.
Daily chart:
hourly chart:
hourly chart with 9,14 RSI - 35 D:
Hourly chart with ATR:
Rethinking about the wave label. It may be possible that the sub wave 5 of the current wave 3 (c) may be extending and is subdividing in itself. With that possibility, daily chart is re-labeled. This may take the market to near 5900 level as well.
Daily chart:
hourly chart:
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