Why I am expecting an extended move in Nifty

I have shared nifty wave count on day chart.

Apart from wave counting, you can see I have marked the length of wave 1 and wave 3,
which is approximately equal in terms of %age, i.e. approx 10%.

Well as per Elliot wave theory, one of the waves has to be longest.
Usually the longest wave is wave 3, but if in case 1 and 3 is equal, chances is very high to have an extended wave 5.

This is the reason why I am expecting an extended move this time in its 5th.
Lets see how it goes from here.

Keep learning guys.
Best of luck