NIFTY will the 5 th wave extend?

5 ก.ย. 2021

Yes this is a big question to answer.
In the chart I have shown two alternate counts for wave 1 and 2.
If we take bracketed (1 )and( 2) then wave 3 becomes extended 261.8 percent of wave 1.
When wave 3 gets extended normally wave 5 should be more or less equal to wave 1.
But in this case wave 5 has crossed the length of wave 1,Hence some doubt about the bracketed wave 1 and wave 2 to be correct.
In the second case if we take plain 1 and 2 as wave 1 and 2 then wave 3 just exceeds the length of wave 1.
In such case wave 5 likely to be extended. and as wave 3 just exceeds the length of wave 1 wave 3 can't be the shortest.
In case of extended wave 5 we can touch the 2 nd red line too in nifty.
This is an analytic over view not any buy or sell recommendation.
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Go through the attached posts how I predicted earlier this move of nifty.
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