Nifty making Lower Highs and Lower Lows

It can be seen that after it made an All-Time High in October 2021, the Nifty has been making Lower Highs and Lower Lows. After a prolonged rally from Mid-June, it corrected sharply today (19.8 Fri), increasing the odds that it has made another Lower High. One should be prepared mentally for the possibility of a Lower Low in the coming months.