The up move from W to X is of three wave and is not impulsive
by nature.
we are still searching for impulsive wave in daily time frame.
On recent up move bank nifty could nor clear the channel line
and rejected at the channel line.
as long as bank nifty is travelling with in the channel is it corrective, likely
to move in either direction ,breaking of channel in down side may unfold c wave in five wave,
please go through my previous charts of bank nifty and nifty.
attached here with.
by nature.
we are still searching for impulsive wave in daily time frame.
On recent up move bank nifty could nor clear the channel line
and rejected at the channel line.
as long as bank nifty is travelling with in the channel is it corrective, likely
to move in either direction ,breaking of channel in down side may unfold c wave in five wave,
please go through my previous charts of bank nifty and nifty.
attached here with.
