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 ...
32 comments:
@AsishAg,
In times like this, a trending move emerging, its better not to get too engrossed in waves. TT would be the best guide here. Master's 5-min. chart is enough. I said all those gibberish as it, only the intraday part, was looking like an Irregular Flat, and @4869, it achieved a=c too. Thats it. :)
OOT, I remember the LTCM chapter. No country of the size of Russia defaulted in a 100 years before that. :P
seems market in consolidation mode. price in the Kumo again, indicationg indecision. may be preparing to make a sharp move after some time
DR sir
Its Kumar sir's shorts effect....:)
Niftytrader, (all OoT:)
There are a couple of cancer remedies, like psorinum and carcinosin, but best under a good homeopath's supervision. Check out Peter Morell's article on psorinum http://homeoint.org/morrell/articles/pm_psori.htm
Usually allopathy and homeopathy don't go together well, and chemo/radiation destroy too much to leave the body anything to work with. Best to let the system he used to do its best
Sir can we buy with a small SL of DLema?
in this month,
i m expecting 4660 & then
4440.
ur viewsssss
pddd
@Hitendra
kool
On a broader call, I feel that market will go up
to 5200-5300 SL 4750. Europe will act this time.
People is questioning about execution that will be
talked about later and the next fall will happen
because of CHINA, local factors & deflation.
@Ilango
Your views please....thank you
Ilango ji,
Sir the trend indicator has stalled from the last 2hrs around
20-30 but macd and rsi are giving diff signals on hourly basis
Kindly guide.
Maybe the usual pattern -- most of the action in the opening, and as Mainac despairs, no intra-action as such. :)
BN is the inspiration of Bears today. :)
tks so much Yoda
@ Indus,
Whatever has been expressed so far remains valid. Prices are in sideways mode for the "averages to do the catching up". Once the "
Catching up is done", they are expected to resume their original action.
@Ilango
Thank you
yes fire,
BN is BeN bernake of india.
sir,
wave 4 completed in five minute chart??
@satheesh
http://imageshack.us/photo/my-images/33/nifty15minbullishcrab.png/
ur comments plz..
hello sir and alll :)) Regarding Atp one can useing Dailey ,Bhavaan Namskaraam Kem chooo ?
@ Smit,
If it is 3rd wave, it should fall much more.
Sub-waves are quite challenging with waves sub-dividing...
Tomorrow's opening would give more clear view.
Sir meant to ask buy with a SL of HLEma on closing basis?
e.g today ATP IS 4845 ... so tomorow above 4845 trade in bull favour and below 4845 bear favour...thanxss
PS
GA JSK
PS After a long time
@ Bhavan,
It is poised in such a way that it could go down at the open & bounce for a retracement to 4880-4910.OR it could open mildly up and get sold off from above 4900/10.
"It is poised in such a way that it could go down at the open & bounce for a retracement to 4880-4910.OR it could open mildly up and get sold off from above 4900/10".
I like this :)
Thank you Sir and friends.
Good bye
Sir
THANKS Bought at last moments
Anil It is a valid Bullish Gartley pattern and it has given a 261.8% retr of the leg CD. But as the Hour TF as Day TF are down waiting for a clear shprtterm reversal would be prudent to initiate longs.
I had posted a similar chart in my blog on sept 30. You have given a completed version of it.
http://3.bp.blogspot.com/-M_b1WDfhSyA/ToV8MRmARRI/AAAAAAAAAWQ/uib7GaFoCcw/s1600/5min+sept+30.png
*** read it as,
261.8% retracement of BC to form the leg CD.
Sir lead indicator is moving to oversold levels quickly than to over bi=ought levels
and sir have you spotted any divergence in oscillators.
Intraday Trading Using Gann's Square of 9
and ATP or LTP
http://pivottrading.net/pivot/pivot/gann.html
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