Monthly chart

The karachi 100 index has shown a 5 wave advance as shown on the monthly charts above. The chart hints after completion of 5 wave decline to be in another impulse decline. Thus, the zigzag correction is under process as hinted on charts. The corrective advance has touched the wave 4 of wave A as hinted in charts above. Thus. further correction is expected in the form of Wave C and the decline could hit Eave of Wave III of 3 in super cycle degree.

Thus, traders are advised to act prudently and plot the trade setups accordingly to be successful.