The Nifty was Signaling bullish Friday itself

The decline in NIfty inside a channel in perfect A-B-C was a signal that we were not falling impulsively. In other words, the larger trend is not down but still up. This small piece of evidence goes a long way in taking decisions amid all the noise in markets these days. It clears the head and offers high probability outcomes. It is very basic to Elliott Wave analysis. The definition of a trend.