Markets were in sideways corrective mode last week . The insight of correction continues this week also as perceived since the start of the Month. 5730 remained unconquered in the sideways markets as analyzed last week .
The sideways B wave may have ended in a simple Flat correction and a Tweet in this regards was posted before the last session start .
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So we may have started the C wave down of the correction from 5722.
Fibonacci Target for the Short term may be in the range of 5585-5515 for the correction which has the probable EW target in this range also.
The correction may reach the target zone of 5585-15 this week where one should be cautious on the short side and look for bottoming out signals in line with the Larger Trend which still is Up with prices above 50dma as of now.