See how beautifully and rhythmically the market functions!
From March 2015, Nifty moved down and gave a cycle bottom.Subsequent upmove from 6825 terminated at the time cycle circumference.Nifty moved down along the circumference and then away. It is now attempting to reach the circle again. When it does so, it will reach an inflexion point.It is likely to move down to gather strength to make a new bull move.Red line is the diameter of the time circle.
All this rhythm despite loud noises of demonetisation, Trump winning, Italian refrendum, Fed rate hike and what not!