Two difference scenarios were discussed in the 12th December post which were both bearish, however this low probability count that is also bearish was left out and hence is added in this separate post.
Hypo 3 : Yellow count suggests that W.B Circled is either complete as a Running Flat or is still continuing as a Triangle, in either case we will see an upside move most likely till the white resistance zone before the expected down move comes into play as discussed in the last post.
Nifty Elliott Wave Analysis, 17th December, 2018 onwards
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