Nifty: 5th Wave Throw over

do not dream of shorting. long way to go.

@ckirtane, you write as if you've seen the future :P ...i've seen lot of people make mistake of being confident in their views, but sooner or later get humbled up by markets

assumig this as the 5th wave ,how do we confirm it is over and once the correction starts to what level it is expected to retrace

@PMMAGARWAL, We have to wait for the confirmation

@Dev9939, shouldnt it be a 5 wave structure in 5th wave as well, currently it has just completed 3 subwaves

@PMMAGARWAL, wave count can always change later on to explain price movements. Alternatively, the red candle on 29 Sep, 2020 (11,181 bottom) could be considered sub-wave 2; if that can be counted as sub-wave 2, then 5 waves are already completed.