The Fifth wave of the fifth wave ?

Are we almost there ?
EW Angle:

I have been reading the last of 9th chapter and 10th Chapter from Robert Beckmen . He says if you can figure out when the fifth of fifth is ending then ,that could be the most rewarding persuit for a trader /Investor.
Here is the Hour chart

I feel we are almost there ..
Let me zoom it up to make it more clear

Here as long as that smallest blue channel is intact we are in " vth of 5th" . The first confirmation that we are going down will the break of that blue channel and then the purple channel which I have drawn from the starting of this wave W3 to the top of the wave and then have taken a parellel line from the most extreme point within the wave W3  . Break of purple channel will indicate that this upwave is over .

Moving  Averages :

Currently the trend is up in all the time frames .As long as we close above 5 ema of the respective TF the trend is up .

Looking at the EW angle , I will keep a watch on hourly close below the Hour 5 ema and then Daily close below the 5 day ema for the weakness  Also with a close well below HLema now one should see the weakness in the prices.

Keep a watch on Important MAs for fast fall / fast rise .

Channels :

In the above charts we can see that we are trading at the channel top presently . keep a watch on channels , blue and purple for the time being Lets see how the prices unfold tommorow  .

Divergence:

There is Divergence in hour charts since Jan mid , now that divergence can be seen in the day chart as well  below is day chart with 9 Rsi ...

Nifty Day and 9 Rsi.

Fibonacci Retracement:

Update coming in a bit .