NSE:BANKNIFTY   Nifty Bank Index
Hi Friends , Market has paused indicating termination of Inter-mediate Wave (III) now its on corrective move which indicate its going to be time
consuming move
On Extended wave (II) we saw it was deep time wise shallow by price wise so expect the wave 4 will be sharp by price wise and shallow by time wise

The function of Time in wave (IV) will be shallow the correction time will be much lesser then wave (II) formation

The function of Price in wave (IV) will be sharp by nature and it will have higher % move on both side with in its internal structure

One can look for Entering on termination of 3 step move and look to ride next move up

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.