This is weekly chart of nifty from low of 6825 to 12440. In this we have completed wave1,2,3 and wave 4 is in progress. This wave 4 is progressing as a skewed triangle and we be very near to completing it and proceed for a new high. Only condition the trend line drawn should not be broken on weekly closing basis.looks strange?? if the trend line is broken then counts will change.