Nifty Wolfe Wave Analysis on daily chart

NSE:NIFTY   Nifty 50 Index
Technical Analysis: Daily Chart .

Nifty is currently gearing up to create a Bullish Wolfe Wave Pattern.

In terms of swings,
When point 2 is above 1
3 is below 1, and price reverses from 4,
connecting 1 to 3 and extending – creates possible support line
connecting 1 to 4 and extending – creates a possible target line.