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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
56 comments:
@Ilango
ON the hourly TT, there is a bearish engulfing pattern
Is my reading correct?
San,
Diamond pattern is a unique chart from you and quite valid at this stage.
@JCOPPER
We are close to the resistance level of 5170 So It will be hard to predict the upside targets. Diamonds are normally Bearish patterns. So breakdown from this pattern may take nifty below 5000 or 4950 levels.
We have to wait for the formation to complete. As i mentioned in the post a down move from here will give a perfect formation
Thanks san
What a state..
KST +ve divergence
MACD -ve div
RSI -ve
DAY ST up
Hour ST UP
@San,
what is the bottom line target ? 5080 ?
is nifty forming a bear flag in 5-min tick SAn CAN YOU GIVE YOUR VIEW
@Ilango
Your views please
Kumar Sahab
सलाम वालेकुम
या अबसेंट मार्क कर दू
@ Indus,
A bearish engulfing is definitely weakness. But the one without a close below 5Hr Ema is not a valid one and requires follow up.
In any case, the resistances start at 5120 to 5135.
Above 5140, break-out.
DR Saab,
NF ko upar le jayeyi.. pleaj!
@GD
As you may know it depends on time. If it starts to move down i am looking at a level between 5050 - 5060.
@Joe
It looks like one. One Humble suggestion to you is to increase your time frame while looking for patterns. There is nothing wrong in playing 5 Minutes as long as you enter and exit based on 5 minutes . But for pattern validity it is better to stick to a higher time frame.
Look at me i am scared about the validity of a pattern i have drawn in hourly time frame.
@Joe
It's a Huge fall from that small bearish flag.
yes SAN noe can you update the diamond chart pleaseeeeeeeeeeeeeeeeee
hello sir & all friends GA:)) use Gann theroey in intra or EOD or First 15 min for short term treding.. eg..Eod high low 5111-5033 fill in da calculator and u got 3 buy target and short target other u can fill first 15 min high low like today high low of 15 min 5105-5075.. and live u can use like this rite now high is 5131-5075 and u got 3 target of buy and sell with SL.. above rate all r in FUTURE.. i paste Gann calculator...thanxs a lot..
@Ilango
Thanks....Daily pivot remains a rebuy area??
http://www.icharts.in/calculators.html
everybody was buying gold yesterday. some auspicious occasion it seems
i also went and bought
black dog gold
and gold flake
Courtesy : Dr. cool
A doctor has created a pill that can cause instant heart pain to politicians planning to avoid custody in cases of corruption. The pill, tentatively named Lokpill, can be gulped down by an accused politician, who will instantly feel a palpable, but not fatal, pain in his heart.
Now the 5min MA's 20,35,50,70 & 100 are alligned at 5115,5114,5108,5094,and 5079 respectively. A fast rise from here invalid below 5060NF (OCT sereis)
target for diamond is length of diamond from point of breakdown.
is that right
@Nath
Take the Difference between the high and low within the pattern. Add it to the breakout or breakdown number.
@ Indus,
Narrowing triangle - Resistances/ Breakout point coming down. Supports/ break down point moves up.
12.00Noon Close was below HHEma & Hr.pivot - the aggressive signal.
It has stopped at Day pivot presently. If unable to move past 5107, it could move to the lower support. That would complete "5 parts of the triangle".
It is likely to be a close within the range today - leaving it open to a gap down or UP.
@Ilango
Thank YOu
@satheesh - fast rise set up?? where is the end??
Sis
ಫೀಲಿಂಗ್ ಸ್ಲೀಪಿ ವಾಂಟ್ ಅ ಕಪ್ ಆಫ್ ಸ್ತ್ರೊಂಗ್ ಕಾಫಿ
Feeling Sleepy Want a cup of strong coffee
http://translate.google.com/#auto|en|%E0%B2%AB%E0%B3%80%E0%B2%B2%E0%B2%BF%E0%B2%82%E0%B2%97%E0%B3%8D%20%E0%B2%B8%E0%B3%8D%E0%B2%B2%E0%B3%80%E0%B2%AA%E0%B2%BF%20%E0%B2%B5%E0%B2%BE%E0%B2%82%E0%B2%9F%E0%B3%8D%20%E0%B2%85%20%E0%B2%95%E0%B2%AA%E0%B3%8D%20%E0%B2%86%E0%B2%AB%E0%B3%8D%20%E0%B2%B8%E0%B3%8D%E0%B2%A4%E0%B3%8D%E0%B2%B0%E0%B3%8A%E0%B2%82%E0%B2%97%E0%B3%8D%20%E0%B2%95%E0%B2%BE%E0%B2%AB%E0%B2%BF
@ilango sir,
"UP" in caps. Leaning towards that ? I am for Wave 5.
DR - Oota mada bekku, coffee ega beda :P adige ready ayitha keli ammaru kariyevage oota madukondu banni - bulls baratha nodana
I typed
coffee ega beda
for goggle help
it says
Did you mean: coffee in bed
Lolzzzzzzzzzzzzz
Kannada maathadokkey nimage barutha?
illa / barolla
@Ilango
Gap down or Gap UP......????....do I infer the latter?
@ GD, Indus,
No bias now. Week TA, if closes above WHEma would be good.
DR - lolz ha ha ha :) fluent in kannada - writing and reading slow :( solpa mela kottu bidi sir naan hogi oota madukondu barthini
huh.. on the way 102/111/149???
Friends
we have three more Sisters here (brilliant contributors)
may be there are more but I know Four
so dont go by ID Name Its Web world :D
DEAR SIR,
US $ GONE TO 50.29 IT WILL LEAD TO NIFTY DOWN ONLY.
@DR
Sir I need your help. Please name the indicators and their respective value which Ilango sir uses for leading and trending.
Thanks and regards,
LV
Sir
GA
trading above which rate on upside will confirm a forming of double bottom @ 4720
PS
JSK kem cho bahu research maa padi gaya 6o?good good we all wiill be benefitted
Hi friends - DR'ji's total mistake -
he knows only four - but (minus one brilliant contributor) :D u all knows whm :)
PS :hit and run play @ 5102 level?? :P
venkatapathy
You can request him directly
So many time earlier he has explained and given values
he wont mind explaining again
I use only SS of TT with default value (S,3,5,3)
@SR ga sensex tgts?/supports?
@DR
Thank you very much. This question looks so primitive. I thought not to disturb him.
Regards.
LV
@ Bhavan,
There is no confirmation for double bottom. It is the 2nd bottom rally that makes you believe that it is "likely to be a double bottom".
If the month TA turns up, it could give a more valid confirmation.
Moving past 5170 could be taken as an aggressive signal.
Thanks Sir
Bearish flag in making???
@ venkatapathy l
Applied Technical Analysis has both lead & trend indicator write ups.
"JustNifty TA file has all the parameters.
Questions look differently to different persons. It is we who compare it & feels differently.
Without the "Whys", there could never be quest for more knowledge. Do not stop the whys..
Today is such a boring day. No movements at all!!
New Post Done.
5115--5075NF
levels for bulls & bears to break
Guys can it get more boring?
@SR preferring Chennai as centre?
@San,
Does this fall fulfill your condition
Post a Comment