EFERT PROBABLY IN WAVE " 3 "- LONGENGRO FERTILIZERS LTDPSX_DLY:EFERTKayJayThis is in continuation of our ongoing EFERT wave tracking Last week price just broke above 214 (check previous posted idea/chart) providing confirmation that either the 4th wave is completed or it will further unfold into a complex correction. Our preferred wave count suggest that wave 4 is over and we are in the 5th wave which will take price toward 265 - 270 and then 310 - 330 levels Alternately, prices will consolidate sideward for a couple of more weeks before starting its upside move. Unfortunately, we are not trading this setup at the moment because our hands are full. Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.