Bank Nifty FuturePresenting the 15 tf chart of BNF. To show you all what is meant by ABC will subdivide in 5 waves.
1. Marked in RED colour is the 3 waves ABC structure which will play out going forward.
2. Marked in BLACK colour are 5 waves which are subdividing within ABC. Hence all CORRECTIVE WAVES will have a LARGER 3 wave structure within which 5 waves will sub divide and play out