Almost near the end of the triple zig - zag . Long in 9550 range
This is updated labelling with a change in wave 'a' of the last correction .
Now we are running a wave "C" Ending Diagonal for 9540 - 50 zone . At present we are in the wave 4 of the ED . Then we should have a wave 5 the last one ending in 9540 - 50 zone . 9548 is exactly z = 1.618 y .
After that we should see an very sharp reversal and the end of the triple zig zag in Nifty . You may refer to my last idea on Nifty and see the changed label . On a closer look it was a mistake on my side . I wanted the correction to end quickly . Emotions go better of me .
Now we are running a wave "C" Ending Diagonal for 9540 - 50 zone . At present we are in the wave 4 of the ED . Then we should have a wave 5 the last one ending in 9540 - 50 zone . 9548 is exactly z = 1.618 y .
After that we should see an very sharp reversal and the end of the triple zig zag in Nifty . You may refer to my last idea on Nifty and see the changed label . On a closer look it was a mistake on my side . I wanted the correction to end quickly . Emotions go better of me .