Will Nifty on 5th wave formation

After the completion of 4th wave of ABC to 15670 level, its starts to move upwards movement and giving a confirmation to 5th wave. As of now it's looks like wave 1 and 2 is completed in 5th wave and now starts to forming wave 3 that can expect upto 1.61 level of 19850. Wave count invalidate if price come below the wave 2 level.

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This information is only for educational purposes not recommending to buy or sell.