A:- From 2539 to 4693.
B:- From 4693 to 3920.
C:- From 3920-4727(a); 4727- is on targetting 4250(b) and then the (c) towards higher levels.
(In this scenario, the bottom may come in a few days time. Will look out for any such signs)
O R
A:- From 2539 to 4693...No dispute here.
B:- (a) 4693 - 3920; (b) 3920-4727; (c) 4727- is on now targetting 4000..
C: From wherever "B" ends, to higher levels.
Daily & Hourly Low ema have provided the intra supports(4426) and the weekly ema the intra resistance.(4491)
After an initial sharp rally, range narrowed to 4425 - 4485.
Contraction in the range is on ., may continue as per global cues..4555 is the channel top & decreasing and 4360 the bottom..Sell into strength.
4 comments:
Hello Ilango
I am silent reader of your blog every day and every two hrs while trading hrs. Normally I comment very less in your blogs as I see all your updates are very clear and there is no question left out to ask anything.
I have seen lot of changes in you blogs, Now a days you are very clear about stop loss and target this will help lot of people like me who cannot learn how to make the money but can follow some one who is making money
Regards
Subra
just an opinion:
A:- From 2539 to 4693 (3 or 5 wave break down)
B:- From 4693 to 3920 (3 wave break down)
C:- from 3920 to ---- (should be a 5 wave structure)
we got 3920 to 4731 as 1
4731 to maybe 4320 (if yet to be achieved as wave 2)
and from there the start of wave 3..
how do you read this wave count??
Hi..Subra,
Thank you and wishing you many successful trades.
Hi..Tarique anwar,
2539 to 4693 can be counted as "5s" or "abc" and I have taken it as "abc".
Similarly 3920 to 4731 looks a clear "abc". Besides the technicals are getting quite "OB" in weekly suggesting a final "c" up only.
There is still a possibility of "B" continuing and hence two likely target for this downmove.
I am not considering the "5s" from 3920 as the technicals do not match presently.
Only time will tell. You will agree that the directions are the same in all counts.That only matters for our trading purposes.
Best regards.
ilango
hi ilango ji,
you used to post your wave counts in charts which was not clearly understood by me
yesterday you have wrote up your wave counts as
"A:- From 2539 to 4693.
B:- From 4693 to 3920.
C:- From 3920-4727(a); 4727- is on targetting 4250(b) and then the (c) towards higher levels.
(In this scenario, the bottom may come in a few days time. Will look out for any such signs)
O R
A:- From 2539 to 4693...No dispute here.
B:- (a) 4693 - 3920; (b) 3920-4727; (c) 4727- is on now targetting 4000..
C: From wherever "B" ends, to higher levels."
this is very clear in understanding the wave count
my request is kindly put up your wave counts in written form as u did now so that we will be able to understand better
regards
rajamani
Post a Comment