Nifty updated counts (Elliott Wave Analysis)

In this post I will be discussing 2 Hypo's basically both are suggesting that we have atleast one more up leg remaining before some big downside can be seen.

Hypo 1 posted above suggests that we are in an Extended W.(5) which looks to be in it's final stages.
Hypo 2 posted below considers W.B/2 as a Running Flat instead of a Triangle and suggests that we may be currently moving in an Extended W.(3).



Will update further as this market progresses.