Leg e of Extracting Triangle taking shape of contracting Triangl

NSE:NIFTY   Nifty 50 Index
of Extracting Triangle taking shape of contracting Triangle , a push higher towards 9145-9160 will probably complete the Coiled Spring and post that one can expect a vicious cut in Index. Keep watching for the faster retracement of this last leg of the contracting triangle and if a faster retracement is seen then it might indicate culmination of leg e which in turn will complete wave C in the form of Extracting which will complete the entire A-B-C corrective from the low of 7511. If true then the immediate and the first target for Nifty on the downside are 7735 and 7511.
Be Ready the Time has come


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