Leg e of Extracting Triangle taking shape of contracting Triangl

[Leg e] of Extracting Triangle taking shape of contracting Triangle , a push higher towards 9145-9160 will probably complete the Coiled Spring and post that one can expect a vicious cut in Index. Keep watching for the faster retracement of this last leg of the contracting triangle and if a faster retracement is seen then it might indicate culmination of leg e which in turn will complete wave C in the form of Extracting which will complete the entire A-B-C corrective from the low of 7511. If true then the immediate and the first target for Nifty on the downside are 7735 and 7511.
Be Ready the Time has come
Chart PatternsWave Analysis

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