Nifty is exactly on the black trendline currently.
Triangle is either completed or is not.
If it is the red line possibility.. the fall will continue..
and if it is the pink line possibility, then bounce.
Only faster retracement in one of the directions will tell.
Faster retracement downside, will signal start of the Fall.
While faster move upside from that region, signals "g-wave" still in progress. (possibly c-wave extension or forming a diagonal)
Diametric pattern at the end of the larger degree E-wave.
Diametric patterns usually aren't fully confirmed until a decisive change in trend.
Here, there are two possibilities.
1.) The larger degree fall has begun.
2.) The fall is just part of the f-wave and the g-wave is yet to complete.
e-wave of the Expanding Triangle is forming a complex correction.
z-wave of the complex correction is in progress.
z-wave has just begun with its internal a-wave. It is now crucial to see what pattern it forms.
The c-wave drawn at end may or may not form a diagonal. This is just a possibility.
There are many other ...
Double correction in Nifty is near its completion.
Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin.
It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.