NIFTY-Yesterday I had mentioned the formation of CULMINATING expanded triangle. I had also mentioned that the last leg of the 5 wave move or wave ‘e’ can finish BEFORE touching the upper boundary line. This coincides with human psychology of ‘Retreat Coefficient’ INCREASING exponentially , as perceived danger comes closer.(Takes very little to ’tilt”).
In all probability markets to correct from here. Will give levels to watch coming weekend.
NIFTY Opening On 10th Nov 2023