Elliott wave analysis # forming triangle

Wave 4 is in progress and forming triangle correction.

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BankNifty

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Nifty updated wave count

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Nifty possibility-2 for today's movement

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BankNifty

Nifty

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Wave C in triangle is completed or about to complete.

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Updated wave count

Nifty

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BankNifty

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Nifty: Fall from 30jun 12:15 looks like ended at today 9:25, but after then it broke the low again. So there may be some other possibility (like still wave A of triangle C is in progress). I will update once get clear view.

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Possibilities for fall:

1. Wave 5 of wave A - at-least test day low (after then, need to see inner wave formation)
2. Wave 3 of C - in that case 34300-350 n 15550..15520

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The pullback should end here around 15690 n 34840