Nifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal ) If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is Down tick, Lets see what happens next.
Overall wave structure could be like this
macd also turned negative cross along with Negative Divergence
macd negative crossover in hourly
RSI negative Divergence
RSI Down Tick
stochastic in daily time frame negative crossover
stochastic in hourly time frame negative crossover
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