NIFTYMIDCAP - Will it correct more

Nifty Midcap. Whenever it reaches at the upper end of the channel, it corrects approx.10% within a span of 35-44 days in the last 2 occasions. This time again it reversed after touching the upper end of the channel and so far it corrected approx. 5%. Will it repeat this time also? so far it seems, yes.
Trend Analysis

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