Nifty chart Learning from backtest.

You can also learn and get confident from my backtest chart with proof. Refer the chart for the same.

The above chart illustrate what is Regular flat correction. 3*3*5 structure.

Guidelines

• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B terminates near the start of wave A
• Wave C generally terminates slightly beyond the end of wave A
• Wave C needs to have momentum divergence

Fibonacci Ratio Relationship

• Wave B = 90% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave AB

More to come. Keep learning and be independent.