NIFTY_ Up or down, from here..

2022年6月2日

We are working on 15 minutes time frame and try to understand wave principles/ behavior on small TF

Here, one leg of correction has already been completed @ 15600 levels, marked as Y.

Now, from here, pattern could be completed or could undergo any complex correction,

CASE-1
As per marked pattern, connecting wave (x) or (A)has been formed (Pattern ABC, could be connecting, & could be flat) @ 18100 levels.

If the wave marked is A (535 pattern) possibilities are the counter waves could be B (again in ABC (535 pattern) & if you sum up both waves, waves A & B have been completed & now its turn for the wave wave C to complete, possible pattern is (335) could be Flat correction and now i am expecting the waves to get completed in 5 waves pattern, as per shared diagram



CASE-2
If the connecting wave is X, then and if we change wave count the valid possibilities could be (ZIGZAG correction) wave A has been completed & now wave B is underway, the possible completion level in this case id 61.8% of wave A. as shared in diagram