Nifty Elliott wave analysis for 5th aug 2019 onward

Here in this 2 hour chart we are showing move from 11981. most probably wave (iii) of [3] is completed at 10849 and wave (iv) retracement levels are 11051-11176. from this resistance range nifty may decline 430-690 points. And if nifty breaks 11176 level comfortably with sharp bounce then its a different wave count which i have not given here because its a rare possibility.