Nifty Bank Index
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Expanded Flat or Irregular Correction Identification

Most common found pattern. Its temporary pause to extended rally.

Key to identify this pattern is rejection after breaking wave A start.

Always look for very smaller margin rise above start of wave A.
C wave is sharp fall to reach 0.382 Fibonacci retracement of rally.

All other details explained in chart. Comment your doubts.
elliottwaveprojectionElliott WaveelliotwaveanalysisexpandedflatFibonacciFibonacci ExtensionFibonacci Retracementirregularcorrection

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