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Continuing from our Forum Page for NIFTY
This phase will deal with the equally Probable counts and lets get started.
This one is a bit tricky yet understandable
As you can see that, here the labeling of wave (4) is purely opened to criticism because it has a superseded ambiguity & Complexity in its structure while analyzing it the other way but this really pays off than the low probable analysis.
This structure have been imperviously labelled as a Double three (we will demystify the same as the analysis progress). Lets deal with the list of things that helps us throughout the analysis.
SURE TO SAY AS FACTS
Wave W (in yellow) have been completed with a retracement of 50%.
Wave X is a retracement to wave W (one important thing to note: wave X is the probable labeling & it fits the case much better than wave 1 in low probable analysis because the X's fall under the category that it doesn't have any correlation with any of its peers, here it is W - except FIBO we cannot link any of the rules to it. hence the labeling).
THE MAYBE CRITERIA
Now we have few things to be concerned. such as,
We cannot say for sure that wave x have been completed because of its nature. X's could even surpass the highs of wave W and what we are seeing now might be a correction within X's sub structure.
Finally, the subtle ambiguity is that whether the correction as a whole structure is a double/triple three (we have labeled it as double three as of triple three is concerned the retracement would be much deeper than the double & which is very unusual at the area following (3) in super-cycle degree and the trend line is also another factor to keep an eye on).
Now having understood all the basic postulates, we may continue with the analysis
The chances are favored towards X's completion and y's movement as a reaction.
The question with respect to Y's completion can be answered in binary as either it has to be at least as low as w or it can be less than that.
We Know that we have confused most of the readers to the core & some might even be angry on us but the final post would be really a reformer and the great news is that the video will be a helpful as it is encoded in layman language and this definitely eliminates the technical jargon in its entirety/at least to a negotiable extent.
To understand the High probability analysis & the analysis on NIFTY in lower time frames please follow & read the post, NIFTY JAN UPDATE
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