Nifty Zig Zag Correction possible X wave towards 15800

2021年7月2日

Nifty formed today falling wedge pattern after few hours opening. This is also called ending diagonal appearing in wave 5 or C wave.
Wedge broken channel price was thrown under channel made low 15637.
Entire ABC move from 15916 completed near 15637.

Wedge had confirmed upside with 15688 breakout point.

Today it completed A wave of correction going up to 15710 then B was down to 15665
Currently C wave started expected to go towards 15808 or 0.618 Fibonacci retracement of move 15916-15637.
Move above 15770 to 15808 is expected to make price Throw Over channel.

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