AJAYSHARMA

Elliott Waves - Triangle ?

Education
NSE:NIFTY   Nifty 50 Index
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Nifty seems to be making a triangle in wave 4 since it is not giving a clear cut impulsive decline. The triangle still has to make waves d and e so it is not complete . If we dont see an impulsive decline that first breaks the red trendline and then the end of wave A then a triangle is confirmed . If broken then we may see an impulsive decline . Regards.