NIFTY50.....Dancing on a razor`s edge!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 closed the week with a gain of 417 points, equivalent to an increase of 1.64%. It has touched my target range at the third trading day of the week. Exactly as forecasted! What can we expect now? The move from the upper red rectangle looks like a „three-down“. It bottomed out around 25318, exactly at the lower boundary of the purple rectangle. From here, it increased to peak 26010! While this move looks corrective, one more leg to the downside could be possible. Then, it would drop to (around) a lower low at 25154 range. It also would change the count into a wave 2, and the wave ((3)), orange labeled, would morph into a wave 1! The possible wave ©, purple would be a wave w and the gain to 26010 would be a wave x, with a wave y to follow! In this case, it also would catch the open „Order-block“ at 25088-24927 area. It could be possible, that the market is close to a major top, and a dramatic sell-off is next. For now, there are no signs for that scenario, but keep in mind! So friends, you are well-prepared for what can be next! Have a great weekend and a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.