Decoding the Mystery Behind Dec 20 Fall - Part 4

4. Nifty Mid Cap 100 -3.27%

Monthly - Upward Channel with Fib Golden Ratio 0.618 retracement - 1.618 extension Target given was 41,346. Target Met & Exceeded
Weekly - Look at 1.618 level crossing and a minor correction caused by it. See how precise Technical Analysis work. Once a target is reached usually we find a retracement after testing that level

Similar to small cap - after the BO of upward Parallel channel / wedge - the customary Retest process is initiated. Same as small cap - as of today - it's an Bearish engulfing candle - but have to wait for weekly close to see.

Irrespective of the size of candle - once a retest begins - it just happens - whether its faster or slower does not matter. next support at 41302