Nifty 50 – Wolfe Wave Pattern AnalysisNifty 50 IndexNSE:NIFTYshiva560060Nifty 50 appears to be forming a potential Wolfe Wave pattern following the recent decline. As marked on the chart, price is approaching the upper boundary near 22,850, which may act as a reversal zone around Wave (5). If the pattern completes near this resistance, a downside move could follow toward the equilibrium line, with an initial target around 22,100. An interim bounce toward 22,500 is possible during the decline. The projected bearish move remains valid as long as price respects the upper boundary and fails to sustain above the Wave (5) resistance zone. A decisive breakout above this boundary would weaken the bearish setup and require reassessment. Disclaimer: This analysis is for educational purposes only and is not financial advice. Wolfe Wave patterns are subjective and may fail. Trading involves risk; independent verification and appropriate risk management are essential.