What a Fall!!

OMG !! what a fall

So covering at 4782 was really good .

Look at the channels now.

Going short below

 first below hour low ema and then below day low ema would have been great , but I did not do that .

Currently nifty has broken the Low at 4639 and touched 4628 today , very bearish sceen as seen by me .

On the Higher counts I am counting as

ABC zigzag from 5400

    A- 5400-4639 =761

    B- 4639-5099 = 460

    C is on (Down) in 5 waves , Expectation = A = 761 which comes to 4338 !!!!!!

           1   5099-4728 =371

           2   was a irregular flat , whose wave c could not do the expected that is above wave b so effects could be very implusive wave 3 ...I guess which we saw today.
      so 2 = 90
             a-4728-4839
             b-4839-4673
             c-4673-4818 ( fell short of expectation which was above 4839 atleast)
Now 3 going on in 5 waves min target = 1 = 371 which comes to 4447
 we touched 4628 today 16th dec.
I think i is done of this 3 as
           i- 4818-4628=190  
          ii-4628-4671* is going on
         Retracement lvls for this corrective wave can be
         23.6%(4673) Almost done today
         38.2%(4701)
         50%(4723)
         61.8%(4745)Golden ratio
         78.6%(4777)
Lets see what Monday brings.

Divergence 
A good +ve divergence is also seen in 9 rsi hour chart .

I can see fast fall as well here with 7 and 34 Sma .