The wave counts are alright. However, there are other complex wave formations possibilities too exist. At such junctures , use TA methods like stochastics, macd , roc, etc as well as prices making lower lows. Our pivot low is 4904 NS..When ever that happens, weakness sets in..
There is no one method which can win for us and there are no rules.. Markets are dynamic and only experience and our willingness to admit our faults and learn from them will keep us growing successfully.
Always convert your observations into a tradeable plan. You are right only when you make money..Let making money consistently, slowly be your primary objective. When your study of the market is unclear on certain days with many possibilities, just stay away..Take a holiday..allow the market to show its hand. Patience comes in handy here. At the end of a 20-23 trading days in a month, if you can win 10 days and remain absent on all the rest, you will accomplish great many things. Life too teaches us to let go off certain unwanted emotions, issues.
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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
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