Patterns in NS hour

I have taken the Day charts AB as XA in this hour chart so based on this my observations!!

 

XA = 5740-5497 = 243 pts

B= 5653 = approx 61.8% at 5647

C = 5563 (current low)

If this current low holds then the target for D = 5677 which is 127% retr of BC and 76.4%  retr of the original wave XA @ 5683

This is supported by another cup with handle pattern in Hour charts and also the Day Lema and 100 DMA at 5569

 

If the Current low breaks then the target for

   C= 5514 = 88.6% of AB

This is supported by Head andShoulders pattern and 14 rsi turing down. 

 

So based on thse observations I have initiated Long near today mornings low ar 5566NS with a SAR of

a) for intraday SAR of hourly close below 5555 -below DLema

b) Positional SL 5514-10