Tough Times ahead for Nifty. 26277 Top for some years?Nifty has been in Bull run for some Years now.
2008 to 2020 - Wave 1 Impulse
2020 Crash - Wave 2 Correction
2020 to 2025 - Wave 3 Impulse
2025 to 2026 - Wave 4 Correction
2026 2027 Onwards - Wave 5 Impulse
Let's Break Wave 4
It may take place in Double or Triple wave Combo.
The Corrective Wave ends in 3 or more Legs.
Wave A - 26k to 22k.
Wave B - 22k to 25.5k
Wave C - 25.5k to 21k
Next Set of Legs - to Follow in New idea.
This would be the 1st of the Corrective Combo that is expected to end around 19k By 2026 2027.
Now could be the Time for Wave C with rejection from 0.854 of Fib retracement of Wave A.
It looks like Wave C is about to begin.. Let's meet at 21k 🫣
RSI - Circled - to be noted.
All The Best🥲
Short Trade Activates below 24750.
