NIFTY – In all probability , irrespective of any up-down move in near future, it will be prudent to take the large amplitude triangle formation marked abcde, as a culmination of some sort.
Considering previous counts, it raises the larger question of whether this upmove from point marked “b” in red , has been a part of an expanding flat , where ending segment of CYCLE wave IV should start (Can go up into the orange triangle first.)
In a nutshell, every rise to be taken in a cautionary aspect.
NIFTY Opening On 18th Oct 2023