To simplify the chart i just indicated the intermediate waves and skipped the inner (minor, minute..etc.) and outer (primary, cycle,
As implusive wave 3 is greater than the fabonaci extension level of 1.62
hence as per Elliott the implusive wave 5 range could be in the range of 10,100 to 10,550.
As in this case Wave 5 clould be calculated as follow:
Wave 5 = Wave 1 = 10,100
or = 1.62 x wave 1 = 10,550
The Fabonaci extension also indicate the 100% extension level 10,550.
Corrective waves a, b and c lenght is calculated upon completion of implusive wave 5.
corrective Wave c is typically at least as large as wave a and often extends to 1.62 (known as the Golden ratio)
times of wave a or beyond.
But remember i less believe in technicals for KSE100 index only, technicals do work in intl markets of forex, commodities, etfs, futures etc. etc.