xjo weekend zoomba lounge, page-86

DJ Weekly chart.

Nothing much has changed since i posted this chart last weekend.

I have added some fibs to the chart which shows the 50% to 61.8% retracement of the larger 5 wave move which is a typical retracement zone for a 5 wave move which also lines up with the Wave C target.

In way of time the Wave B top lines up with 23.6% retracement of time of the 5 wave move.

The Wave C target at 9812 in mid March also lines up with the 50% retracement in time of the 5 wave move which is at around the 4th of april so imo there is alot of confluence in time and price for low to formed in March/April.

12284 is the level i am watching on the upside, If we get a close above this level the wave count would be changed to reflect us still in a Wave B.

Either way the F/A and T/A are showing alot of confluence atm.