Expected Impulse labels invalidated once 5739.45 was taken out and overlap with 5749.7 confirmed zig zag in play...
Either the expanded flat b already ended or about to end soon ....
When 5 mins macd posts negative divergence, which confirms this upmove ended and nifty will start downward journey....
Counts of Y.b as follows:
a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5790.10* 126.5* so far done 1.925*a (can do Max 5836 @ 2.618*a)...
b: 5739.30 5663.60 -75.70
c: 5663.60 5790.10* 126.5* so far done 1.925*a (can do Max 5836 @ 2.618*a)...
Y.c expected to do 130 pts to 210 pts from end of Y.b but will do min 5663.6...
MACD on 20 mins / 30 mins whichever applicable will post positive divergence at end of Y.c
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