Interesting Chart Pattern of Nifty

Today Nifty has shown high level of volatility, but failed to break its life-time high. I think Nifty is about to complete its major 3rd wave of the cycle. I though it would touch its upper band of the channel and reverse back from there. Clearly big players cleaverly resorted to profit booking.

Tomorror it may go up and break its LT high towards the upper band of the channel and fall from that level. What is your view? Please leave comments.