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Nifty 50: Is There A Case For Wyckoff Range?

NSE:NIFTY   Nifty 50 Index
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The chart depicts my "probable" Wyckoff labeling. It is purely in the realm of conjecture as of now. Where we close today might provide clues about the relevance of this expectation.

Let's watch and watch.
Comment: the expected trading range at the lows around 8000-ish did not materialise. Wondering if a bigger trading range is developing. Let's wait for further clues.

Price is now at the upper end of the "possible" trading range. The selling tail and the red candle on Friday could be a clue that price could get into a retracement. Let's way for further price action for confirmation.
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