This could be an important clue for India Nifty- How India ETF is shaping out.
It's an A-B-C sequence for the India ETF (MSCI) where the B - wave is a triangle which is close to finishing its triangle shape & correction could unfold for the ETF & shall be confirmed once the swing low@53 gets broken -in that case Index shall be heading down in a C - wave of the structure.
Target for C-wave could be 61.8% of A-leg, which comes in the zone 14-15
Regards,
Abhishek H. Singh, CMT