Nifty 3rd of 3 rd wave is in progress.
Out of this nine weeks only we have one week red candle.
Unbracketted 3 rd wave is in progress now.
after the completion of this unbracketted 3 rd wave
we can get a pull back to complete unbracketted 4 th wave,
this unbracketted 4 th wave may be some what deeper correction
which may be more than 38.6 percent,like 50 percent or 61.8 percent of unbracketted
3 rd wave.then we should get up move in unbracketted 5 th wave to complete the bracketted 3 rd wave.
After that bracketted 4 th wave and 5 th will remain pending.
Shown in the chart course of development of waves in pending.
While reading it values in the Y axis should be disregarded as I don't know
where these waves will culminate in future.It is exactly difficult to predict where 3 rd wave ends. To be noted all impulse waves like 3,5 will have 5 subwaves and corrective one's will have 3 subwaves,
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