On the 12:18 NIFTY.1MIN (TICKS.INDIA.051108), “D/4?”
was marked precisely which was touched later (i.e. prices indeed
touched level of 3115 AGAIN, initially marked as D/4?) before
going down E/5. So was the mark “D/4?” based on wave count?
Also the waves are marked A/1, B/2... Is a wave labeled like this as it can be a corrective wave or develop into an impulse wave?