NIFTY50...Strong a/d-ratio! More to come?

NSE:NIFTY   Nifty 50 Index
140 3
Hello Traders,
NIFTY50 declined to 11090.65 this morning, which was shy above the 0.618 Fibonacci of the advance from 10670.50-11693.80!
It did not break the series of lower highs, what will be the case @11399.90, the high of October 4! A break of this lower highs would be a first hint, that the correction is done.
A break of today's low (@ 11090.65) will be an onset of series of lower lows and lower highs instead, meaning the opposite; the correction could be going on!
As before, a break of 11400 area with a comfortable volume and a close on an hourly basis could be the first hint, that new highs are next to come.
On the other hand. If the correction creates just a first leg of an „expanding flat“ and a wave „a“ of "2" is done, a wave „b“ is next to develop. While a wave „b“ of an „expanding flat“ often extends to a 1.236 multiple of a wave „a“, this would be at 11836.89! So a wave „c“ after would be next!
Today's a/d-ratio was strong at 3.1 and could imply the start of a new wave of impulsive moves.
A gap to the upside at the next two trading sessions would manifest this view.
Have a great week...

Feel free to ask or comment.
Trading this analyze is at your own risk!
excellent. God bless u.
ruebennase pankaj564
thank you very much. Always my pleasure...
Great Analysis...
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