Nifty50 - A Falcon Wave viewpoint (Heading much lower)

May 21, 2022

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!

May 23, 2022

Trade active

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