Yes this is a big question to answer.
In the chart I have shown two alternate counts for wave 1 and 2.
If we take bracketed (1 )and( 2) then wave 3 becomes extended 261.8 percent of wave 1.
When wave 3 gets extended normally wave 5 should be more or less equal to wave 1.
But in this case wave 5 has crossed the length of wave 1,Hence some doubt about the bracketed wave 1 and wave 2 to be correct.
In the second case if we take plain 1 and 2 as wave 1 and 2 then wave 3 just exceeds the length of wave 1.
In such case wave 5 likely to be extended. and as wave 3 just exceeds the length of wave 1 wave 3 can't be the shortest.
In case of extended wave 5 we can touch the 2 nd red line too in nifty.
This is an analytic over view not any buy or sell recommendation.
Don't forget to like my post. Follow me to get updates.
Go through the attached posts how I predicted earlier this move of nifty.
If you want to search me you can.
In the chart I have shown two alternate counts for wave 1 and 2.
If we take bracketed (1 )and( 2) then wave 3 becomes extended 261.8 percent of wave 1.
When wave 3 gets extended normally wave 5 should be more or less equal to wave 1.
But in this case wave 5 has crossed the length of wave 1,Hence some doubt about the bracketed wave 1 and wave 2 to be correct.
In the second case if we take plain 1 and 2 as wave 1 and 2 then wave 3 just exceeds the length of wave 1.
In such case wave 5 likely to be extended. and as wave 3 just exceeds the length of wave 1 wave 3 can't be the shortest.
In case of extended wave 5 we can touch the 2 nd red line too in nifty.
This is an analytic over view not any buy or sell recommendation.
Don't forget to like my post. Follow me to get updates.
Go through the attached posts how I predicted earlier this move of nifty.
If you want to search me you can.
