EW / -& + Div trade: SL down to 4675 and profit booking raised to 4565-4585.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
6 comments:
Ilango, time to book out or just wait a little longer? any move in sar?
Hi..Rishi,
One round of profit booking may be done here. If NF does not clear 4622 in the next 30 minutes, one more down possible. At that time fully exit.
Best regards.
ilango
Ilango, where did you get the level of 4622 and why 30mins?
Hi..Rishi,
During the fall, there is a brief rally which ended at 4621.90NF. So 4622.
30 minutes is simply an approximate time frame within which the down move should continue after a brief corrective upmove.Corrections are complex with many possibilities..Lots of guess work is done..
It is also possible, the intra bounce can move more upto 4635NF and then fall..
Dear Ilango
Good afternoon. I am sendig this test message
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