The final structure looks like an expanding ED . In that ED we cannot be sure where we are in wave 3 or wave 5 of the ED . If it is wave 3 then a little more pain is in the offing . I feel we are running the final legs of a complex running flat formation in Nifty
which would end wave (iv). Lets see. Idea is to trade with the trend . And frm
this we know that at least one trend is nearing completion .