The leading Contracting Diagonal in Five wave, NIFTY.
I've used here 2hrs timeframe to zoom the chart for clear picture of sub waves.
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.
- 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.