Nifty50 Elliottwave Complex Correction :
On Higher Timeframe, Nifty50 is in 4th wave complex correction as shown on chart.
ABC or WXY correction is unfolding. where X or B wave brocken starting of the A wave 18600 level.
Wave 1 and 2 are mentioned on a chart. Wave 2 is 38.2% corrected wave 1. Let's zoom down the impulse wave.
If the price stays below 18200 then we may see an impulse downtrend 3rd wave towards17000/16000If the price break 18200 then we have to re-count the wave.
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