Bullish case.

NSE:NIFTY   Nifty 50 Index
206 0
Bears will hate it.
Measure the 3 wave retracement in motive waves they are falling into most probable zone. Though the long term count is bearish but this look good say in symmetry, wave relation etc.
Some thing seems to be completed here and there could potential of a motive structure coming. There are complex correction to found like the triangle ABCDE in 4 and Expanded flat ABC into 2. The recent impulse looks that it is not completed yet and is in progress. So if this all is correctly identified there is bullish case which can lead to challenging the resistances. Lets see how this develops. So next opportunity to go long would be at retracement of wave 1 into 2 which will be in between 0.5 and 0.618 range.
Comment: Put a simple pitchfork from swing high to swing low, 80% odds the make median line is almost realised. Doesn't get any better.
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