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 ...
51 comments:
"5206"-Day pivot, matches with the "Hour channel support" for this hour.
Ilango ji,
TT is green, possible 5fifer in progress all the way from 5033, with ext sw5 from 5154 ?
or u see this as a ZZ sir ?
Namaste Ilango Sir and JN Family
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
Sir Good morning..
Also last 3 hr low 5205, DHEMA 5208, .38% retrace-5205
only below this 5180--61.8% for the last rise
DR Sir & Parminder
GURDWARA SIS GANJ SAHIB
RAG SORATH BANI BHAGAT RAVI DAS JI KI
IKOA'NKAR SATGUR PARSAD !!
JAB HAM HOTE TAB TU NAHI AB TUHI MAI NAHI !!
ANAL AGAM JAISE LAHAR MAI ODADH JAL KEVAL JAL MA'NHI !!1!!
"ARTH"
WHEN I AM IN MY EGO, THEN YOU ARE NOT WITH ME. NOW THAT YOU ARE WITH
ME, THERE IS NO EGOTISM WITHIN ME. THE WIND MAY RISE UP HUGE WAVES IN
THE VAST OCEAN, BUT THEY ARE JUST
WATER IN WATER. !!1!! ANG-657
Master ilango and friendss,
Good morning to all
☺☺
Thanks puravi,
for the Vak
☺
@ shriram,
It seems a simple 5 waves done, an 'abc" correction should ensue.
If 5187(50% of 5154-5240) holds and prices move higher, waves may be sub-dividing.
An ED possibility lacks the overlapping waves.
Correction:
5187(61.8% of 5154-5240)
50% comes @ 5197.
If its a fiver wave up then 65% done..
But it could be sub-dividing waves like Sir mentioned yesterday...especially if we see the strength of the move. Despite RBI:-)
Puravi
Thanks
http://www.youtube.com/watch?v=Yh2UWAesOD0
@Shri: Last night posted a comment on your EW counts. Did you check that?
Observation & opinion :
I-D trading Hourly Hammer are reliable.
1st H.Inverted Hammer.
5240.45-5212.65 - a 5 done.(5213-HEma)
5230-61.8% retrace of 5240-5213.
80% @ 5235.
Thank you DRji
@ilango ji: tk u
@YG : hru buddy? saw it now, wot u say is possible too , but disputable as after all these are lables, figments of the mind... :-)
That is why I now owe allegience to 34EMA,30m & 5DEMA .. let them guide the developing lable :-)
Puravi nice. Pls post one daily. Thx.
good morning,seniors..
figments of imagination better suited :-)
don't put the mind thru the shredder
Thanks STBSTB...shall give it a shot as i am not always stationary:-)
But for you special, just read the meanings
http://www.youtube.com/watch?v=ohIMeHTJNHA
BN days low made if holds 100 EMA
http://bankniftytradingchart.blogspot.in/
hahah.. well YG,
u seem to b intent on pulling me down that old road, i hv long left behind & am thankful i did it in time !
Pls go ahead then , but predicting never makes for gr8 TA , my view :-)
haha Shri: no intention of pulling you or anyone down.. admire you buddy for what you have done.
5 dn is followed by a 5 up...??
DR sir
Kumar sir waiting to snatch the ball :(
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, POC : 5219, Pivot : 5219 and VWAP : 5241
Thanks & Regards
Good morning Family... :)
cooldent
Delhi abho dooooooooooor hai
Sujatha has turned the grinder ON
ilango ji,
i hv an answer to this predicament
pls look @ Expanded FLAT as
a: 5233-5214
b: 5214-5240
c: 5240-5212.65 :-)
@ YG : dost, i nvr said that , i always hv regards for ur view.. my words were towards remaining free from DOGMA , one shud not allow the MENTAL CLAY TO SET HARD, else we wont remain Malleable, open , receptive to chnage
thats wot i meant , no offence pls :-)
@Ilango,
had booked my partial Jnsar shorts yesterday at 5220NS.....5237 NF........is it a suitable rentry point...to go long here and place s/l at 5185 NS...below 61.8% of last rise....or shall i wait....for a better/favourable risk reward set-up?
regards
discipline
@IlANGO,
CORRECTION *SHORTS - LONG
Master,
"5 dn is followed by a 5 up...??" was bugging me. Thankfully you mentioned it.
My 2 cents: 5 dn is followed by a 5 up..on 2 min charts. Fortunately on 5 min T/f waves are looking easy on the eyes. A nice 5 waves from 5154.25 to 5240.45. Seeing the fall from days high as a ZZ presently, as there is a clear 5 waves till days low (provided we don't retrace 80% of this fall ~5235).
"Upper Roller Lower Roller
Roller Lower Roller Upper"
read fast and practice till nifty starts something to "move". who tell fast will get 50 points of nifty don't ask me which way :D :)
Goodmorning sir and all :)
Natti - yeah..real grinder running for "vada" as today is "festival" for south indian brahmins.
Dr sir
Have u passed the baton to BN?
Good Morning ILango sir & everyone!
ILango Sir,
Can it be a terminal subwave of a corrective ending in 5 & new wave start with another 5 ? As you said yesterday "Extending subwaves &
be flexible. Sir, Also we are yet to reach 1.62 mark at 5267.
D R Ji & Cooldent!
I will get anything in 2nd half or tomorrow, till then distribution on. 5225-5275 my area, will be cautious above 5275 only & roaring below 5190:)
cooldent
Pan Singh Tomar
never surrenders
@Sujatha,
Let see whether Nifty is moved by Avani Avittam(Upakarma) lunch menu :))
Menu 1
Kuzhambu Moor Kuzhambu
Pachadi Cucumbar Thayir Pachadi
Poriyal Vazhakkai Podimas
Koottu Kathirikkai Pitlai (Brinjal Pitlai)
Rasam Paruppu Rasam
Payasam Moongdal Paysam
Vadai Medhu Vadai
Sweet Sweet Poli
Appalam Fried Appalam
Curd Curd Curd
Menu 2
Araithuvitta Sambar
Tomato Thayir Pachadi
Kothavarangai Paruppu Usuli
Aviyal
Lemon Rasam
Milk Payasam
Paruppu Vadai
Purana Poli
Fried Pappodam
Dr kumar
Good morning sir
☺
sujatha maam some body has kept nifty busy n ur are keeping us busy with the twister
sir,
weekly lead indicator down @45
daily lead indicator @96
hourly lead indicator @92
so what should be the strategy now
@Sujatha,
Even at first time
it becomes
"Upper Roller Lowler Roller
Roller Lowler Rorrer Upper"
MENU
MOUTH WATERING NEEDS INVITATION FOR ALL FOLLOWERS PLEASE. SIR
@ Kumar Technicals ,
Not breaching 5235 keeps the zigzag correction intact.
5 up following 5dn is "part of abc corrective as 5-3-5-5213 to 5234."
And waves sub-dividing can not be ignored since OI table is bullish and TT is bullish.
Shriram, too, gave a good reason for the 5up following 5 dn.
Following these minor waves make me understand the structure/ strength/ weakness of price behaviour.
Post 5 wave down the correction was 7 wave up indicating abcxabc.....which indicated wave B or wave 2 (in rare case).......lets see if low of 5 wave is taken for wave C or wave 3 ??
Thanks
Nifty is Overbought in Hourly frame , so it need to come down upto 5185-5175.
Looking at the very significant number of put options being added at every level ( 5200, and below) , it does not look like, its going to break 5200.
@shivanGupta,
What should be the strategy..?
If you play by Day/Hour T/F, you would be playing the intraday trade based on "Close below HHEma" while holding part longs based on Day T/F.
If you play by Day/ week T/F, you either hold longs while part booking in "5235-5280" zone OR an aggressive sell in that zone.
There is a channel resistance in weekly chart @ 5310(approx). Br.out & big bullishness would be above it.
New Post Done.
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