Fibonacci Observations on SENSEX

BSE:SENSEX   S&P BSE Sensex Index
156 1 5

Observations are mentioned on the chart.

With this analysis i am not trying to predict top or bottom or future direction of the market. With this analysis i am trying to share the idea of different ways of doing analysis, i hope it will openup new ways by which you can do analysis of your own.
Good way of analysing
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