Nifty Metals Index

A smaller degree five-wave advance is visible on the metals index so it is possible that wave iii is complete and we get a minor wave iv pullback as shown on the chart and then wave v up after that. But I am not god. I can't be right about every swing in anything. It is always possible that the index extends from 5 waves to 9 waves before iii is complete. So if you are trading these moves you have to make a judgment based on the market action on the screen and have the patience to wait for it to play out or the guts to get back in and manage the trade. The trading skill has to be acquired and cannot be given in the form of a recommendation. That would be like one shirt fits all.