Nifty outlook: A corrective pullback or a bull trap?

Nifty has filled the gaps. It has a very active gravitation line where price activities are on the bulk.

According to wave principle, corrective waves form in deceleration and, impulsive waves break the declaration channel.
If nifty breaks the corrective channel, we may see an upward move. Otherwise, the price will continuously form in the corrective channel.
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