5 Oct 2020 ● 06:47 AM
You have been noticing that I have marked wave 1 complete in many places and I am watching the 20-week average for support. This now applies to the CRB index as well. Made a few changes to the wave count to indicate a completed wave 1. Wave 2 may complete at 23.6% retracement that coincides with the 20 week average. Unless broken we watch if wave 3 can start from here itself. The lower end of the channel at 149.67 is a possible support that can be put to test during the week as well before any recovery. A move above 154.6 would lower the odds of a decline.