Is NIFTY making a dreaded double top?

Elliott wave Analysis of NIFTY at crucial 16700 levels suggests two hypothesis - either it needs to cross the level with strength and find support there OR it might be the Start of a rapid downturn (5th exhaustion or even end of the 2nd/b wave in a new down cycle).
Chart PatternsTechnical IndicatorsWave Analysis

Haftungsausschluss