From Elliott wave principle it is identified Zig Zag correction ended at price 44444 and started forming leading diagonal pattern an impulsive price action labeled as Wave (1)/ Wave(A) now this wave also retraced by corrective price action of Zig Zag contained with in the parallel price channel labeled as Wave (2)/ Wave(B). Price on break above this parallel price channel price could project to a Fibonacci level of 100% target at price @ 47320 If price move above this level next target could be @ 48260 at Fib Level of 1.382% Next Target could be Fib level of 1.618% Price @ 48840
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