The leading Contracting Diagonal in Five wave, NIFTY.

NSE:NIFTY   Nifty 50 Index
I've used here 2hrs timeframe to zoom the chart for clear picture of sub waves.

  • The Primary Four Wave has formed 3-3-3-3-3 Expanded Triangle.

The Five already initiated with gaps and trying to develop a leading contacting triangle. After mature triangle we will see sharp move that can be upward.

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