A fractal is a never-ending pattern repeating a simple process or pattern over and over again at the same degree or higher degree.
7th Oct 2021
Smaller Triangle or Penultimate Wave was seen & published on 7th Oct 2021- "Can Bulls Bounce Back? - The Irregular Triangle"
Can that fractal repeat again? Yes. The Answer is certainly positive because as nature is full of fractals like seashells / clouds / trees etc. In market, chart patterns can repeat.
This is a bigger fractal if unfolds holding above 16800 then Bulls can bounce back again.
----------------------------------------- Possible Reasons for Bounce ----------------------------------------- 200 DEMA (High) Support
"Nifty Bulls have 60% chances / Bears have 40% chances at crucial juncture of 16800 but traders have 100 % chances if you plan your trades carefully. Going below 16800..."