Short

Nifty looking over the cliff

Updated

Double correction in Nifty is near its completion.

Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin.
It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.

Note

e-wave is still in progress. Fall has not yet started.
Internal count of e-wave suggest some consolidating pattern for few more days and then trigger the Major Fall

Note

Call this pattern now as an Expanding Triangle.. View still remains the same

Note

Riding the Trend is better than catching the top in this situation.
Enter in the fall only when the reversal is confirmed.

Rare case possibility:
e-wave can produce a blow-off before the Fall.
which may cause the final leg to approach 9000 level

Note

Note

Possible internal pattern of z-wave as shown above.

Note

Complex e-wave (Nifty on its verge of collapse)

Piyush_Patil_

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