Nifty50 - A Falcon Wave viewpoint (Heading much lower)

Nifty looks like has completed 4, and this up move was just the completion of wave 2 (of bigger wave down)

We will see wave count as 5 waves going down from here, of which 1 and 2 are done, so Monday or Tuesday - we will see wave 3 formation going down.

Note: Red numbers are 1H time frame and Yellow waves are the waves within red 1H time frame.

Chart has all levels marked.

Let me know what you think!

İşlem aktif:

4 completed, and now Wave 5 should go down and break previous low. Nifty overall will see new lows.