NIFTY always crashed to its 1W MA200 when this happens.Nifty 50 IndexNSE_DLY:NIFTYTradingShotThe Nifty 50 Index (NIFTY) has been trading within a Channel Up since the 2008 U.S. Housing Crisis bottom. Throughout this pattern, every time it broke and closed below its 1W MA100 (green trend-line), long after a Cycle bottom, it always tested its 1W MA200 (orange trend-line) as well. This happened in both 2015 and 2011. In the 2022 Bear Cycle for example, the index bounced exactly on the 1W MA100, thus no technical need to drop further to the 1W MA200. That was however a -18.25% total drop, the weakest of all corrections within this Channel Up. If we repeat that, now that Nifty has already broken below its 1W MA100, then it should break below the 1W MA200 also and hit 21700. That is the minimum Target and falls also on the 0.5 Channel Fibonacci. If it makes a -25.29% decline, expect to bring it to 19800, very close to he 1M MA100 (red trend-line), the market's natural multi-year Support that supported the October 2008 Housing Crisis bottom and only broke during the 2020 COVID flash-crash. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇