Possible triangle formation for further down leg

Por ewpnx1
Actualizado
Current price action in Nifty suggests triangle consolidation for more downside!!!
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Moment of truth, price reached level for last leg of triangle -> imagen
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Looks like market is talking to us now -> imagen
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Looks like we finished 1st wave down and any 3 wave correction could be a sell for further down move. -> imagen
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market is following the idea and coming down in expected wave count...
imagen
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updated wave count for down leg -> imagen
Operación cerrada: objetivo alcanzado
5 down waves down completed. Trade idea valid , new lows formed!!!
imagen
nifty50Wave Analysis
ewpnx1

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