On the Daily chart of Nifty we are tracking blue wave c-circled the last leg of a three wave pull back. That said price already made four red waves to the downside, with red wave (v) still unfolding. Price could reach the fibo. level of 50%, before turning to the upside.
Thank you very much for your update on NIFTY. Few questions -
1. If market goes above 8055 [your level (iv) of C], do you interpret it as truncated (v) and hence completion of entire correction?
2. What is your SL for this analysis of im-complete correction?
Thanks in advance.
praveenvs
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8055 is (iv) of C
mkdeep04
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i gree.. lower coming.. might get small bouce but i say sell on rise...
Q this abc is wave 4?? or wave 1?