Nifty : History of Macd in #TF5DaysCycle

Further to http://lalitlk-lalit-lk.blogspot.in/2017/11/nifty-timeframe-5dayscycle-1995-2017.html 

Based on P(oint)O(f)F(irst)T(ouch)  2253, 5519 & 6826, IMO support from them should be seen around 7500,8000 & 9000, respectively. Before that EMA_5, EMA_21 & EMA_34 should provide supports presently around 10318, 10,061 & 9505,respectively .On Friday last, Nifty closed at 10321.75 with OHL being 10304.35, 10344.95 & 10254.10.

I would like to discuss the cross over of Macd ,aka Elliot Wave Oscillator,  #Z(ero)L(ine) over last 659 candles (since 12 Aug 2004) ; out of these 569 (i.e., 86+% of cases) were positive (EMA_5 greater than EMA_34)  and just 90 were otherwise (i.e., below ZL). A graphical representation follows:

With  reference to table below, please note that :

a) Nifty moves up in 92 candles with gain of 2336 points over 471 days since the prior low while in the grip of Bears with Macd remaining below the zero line;

b) Nifty corrected over 50% in just 24 days endorsing the

 Fact that Bulls take long time to gains which is always eroded in a shorter time.

Continuation sheet of the Table :

Last & current Bullish phase is now with 82 candles completed ,present phase had given a peak of 10,490 & fingers crossed till a Higher High  & eventual ZL dip show up.

Big question is how many more days before Bears take over. No idea  . Earlier we had seen 2 cases of 92 candles while Nifty were at 6357 &, 6338, respectively  & 1 case of 99 candles while Nifty were at  9119 .