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Alternative View - Ascending Contracting Triangle on NIFTY

Long
Nifty 50 Index (NSE:NIFTY)  
priceSeries  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY nifty50 niftyindia niftytrend niftyanalysis niftyoutlook
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trendanalysis chartpattern indicator nifty nifty50 niftyindia niftytrend niftyanalysis niftyoutlook
This could play out because both Daily RSI and Daily MACD are still positive alter the recent pullback.
I expect a retrace to 50% FIB or more before the final Wave 3 pullback.
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