From a low 4728 (as on 04/10/11) NIFTY rose to 5399 (as on 28/10/11) (Within 1st parallel lines) & then FALLS to a recent low around 4640 (within 2nd parallel lines).
Were the candles (enclosed in 'oval') fore-warn the fall ?
Finally, stayed above 4700 level as SW4 in progress (as shown by Arrow)
SW1, SW2 & SW 3 marked as in http://ewcountsatniftyparadox.blogspot.com/2011/11/nifty-eod-24112011.html
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