Sensex Short

Long Cycles here indicate Sensex downtrend will continue till April 2019. As you can see 2 long cycles of roughly 270 bars each indicated by bid arrows. The intermediate smaller cycles which constitute the longer cycle are 165 bars and 105 bars approx. They are reversed in case of second long cycle. Since current level is fibonnaci support it will be good trade idea to short if this fib support is broken.