Bank nifty bounced from 2 nd wave area.

5월 22일

this happens to be the 61.8 percent retracement level.
Now is the question is the correction over?.
May be and may not be.
abc correction is over.this correction to 2 nd wave area is c wave.
another possibility is that this correction is A wave
and last hour bounce is B wave,it is the posssibility not certainity.
then again banknifty may fall to 78.6 percent level.
we have to look for the possibilty.
As long as 47711 is intact thisis rare posssibilty.
But if slips below 47711 this can happen.
In my last post of nifty I had mentioned about w,x,y correction
and fifth wave not faraway.This has happened in reality.
In case of bank nifty we have got a deeper correction.
please go through mypost of Bitcoin it is in line.
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5월 22일

노트

By mIstake stochiastic is shifted to upper panel.