Nifty shows strength

In a world that remains confused looking at US market volatility and news flow every day about problems we are missing what the market is doing today. This nifty chart shows a pullback in wave ii that took support on the rising trendline after a 61.8% retracement. Shouldn't this work? Or should we get scared about our analysis because today the Dow is down overnight? If you have done your work then in the end the analysis always proves itself to be right against all odds.