Today nifty ticked below 5905 and ruled out the expanded flat provability which was estimated to end by approx 5917-20..
Now breach of 5905 has made to me the following labels:
A: 5663-5971.2 :
B in progress from 5971.2
Fractals of B:
w/a: 5971.20 5893.70 77.50
x/b: 5893.70 5944.00 -50.30 -0.65*a
y/c: 5944.00 58xx
Positive divergence we will get between end of B.y.a and B.y.c might be in 5 mins chart...
So dip below 5893.7 minimum likely...
This downmove support comes around red line (5804)....
Now breach of 5905 has made to me the following labels:
A: 5663-5971.2 :
B in progress from 5971.2
Fractals of B:
w/a: 5971.20 5893.70 77.50
x/b: 5893.70 5944.00 -50.30 -0.65*a
y/c: 5944.00 58xx
Positive divergence we will get between end of B.y.a and B.y.c might be in 5 mins chart...
So dip below 5893.7 minimum likely...
This downmove support comes around red line (5804)....
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