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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
32 comments:
BN near day's high
@master
wow it crossed 6062 so tgt for c=6144? if a=c. m i right?
@Master
NS being tested in the 5,10,12,26 EMA Zones.
Can we expect a break out?
"6055" is 61.8% of last rise from 6045 to 6070.
Break of 6055 would be weakness and 6050-80%.
2.30 factor will play today ahead of expiry?
May be shortest move in series so far ahead of expiry day.
@ anmpatel,
I meant the 'abc" of the "ii"(red).
a=6042-6072
b=6072-6044(6045)
c=6045-xxxx(if breaks 6055 or 6050, it may have ended @ 6070; if not, it continues.)
Above 6100, "ii"red will get negated.
@Master
Thanks 4 de explanation.
@master
ups!!! thanks.
@mater
i was counting from end of red 'd':
6017-6112=a
6112-6044=b hope it is complete at TL support and now
6044-xxxx=c means end of red 'e' or break out in two days!!!
is it right?
only wave Technical and moving average are not trade its only checking of the trend.
@DRji
kaha ho...thoda push karo yaar....aapki banknifty chal padi hai hamari nifty ko bhi lift karo MOTABHAI!!!
@ anmpatel,
You are right.
Knowing each scenario, its invalidation points guides you to manage the trades better.
hi Shriram,
what i meant was, unless there is follow through selling, this fall will also be bought in to. only exception this time there is no effort to make new high, which was the case last two times. ( who knows in the last hr there may be a big tube light :)
What is this hig freq. osc. ?
bank nifty positive but why not sbi bank
@master
thank you...you boost me up. but how to decide invalidation point?? in my counting invalidation will break of 6044? wheather the invalidation point should be wave count of TL?
Sir, Nifty resisting at 6070-MBB on 60 min chart.
just noticed,
the action since last three days is making a sloping H&S in NS, more clear H&S in BN
@chetas
new high is on the card....1.5days to pure kal 12-1 baje pure honge na....aaj to abhi 1st day chal raha hai....
Tmrw is Q3 result of ICICI Bank.
Can anyone help me to have a data on result day movt of ICICI Bank?
Thanks very much in advance.
Chetas
From signal proc. perspective
Low freQ pass Filter --> EMA / WMA / AMA
Hi freQ pass Filter --> SSTO / RSI / Butterworth Two Pole / Hilbert Sine Osciallator
Thanks Shriram, never heard of BTP & HSo will read about them later.
wish to see ns near 6076 near levels today
cmp 6061
28min remaining
15 points needed
@s4s
ha..ha...28 ball me 15 run....ho sakte hai, par ye indian team hai...kuch keh nai sakte!!!! AD ratio thik nai hai....
NR7 day for BankNifty.
emas are converging in ns 5 min charts
will it be a gap(up/dn) opening tomorrow???
tonite fed also meeting.
6055 to gaya need to save 6050.(80%)
Nifty Fut MACD has given a negative crossover and is trading in the negative zone on 60 min chart.
yup... all algos on Filters are available in 2 fantastic books by by John F. Ehlers
1. Rocket Science for Traders ; &
2. Cybernetic Analysis for Stocks & futures
@s4s
ab to sifr 8 gende bachi hai...ab to namumkin hai...
@ S4S:
looks to me like expiry will be near 6K , rather than 6.1K
Advtg to movers :
1. Suppress Feb Futurz & roll over Longs to Feb cheap
2. Eat full prem, of 6.1, 6k CEs
Shriram,
Same view here.
Since January close is imp baromtere, better to have a reasonable level, so can be maintained in the subsequent months.
if we close at 6100 tomorrow, will be very difficult to sustain in future, so my guess is give a 50-100 pts fall from highs for bears, and then trap them by a big move in the month beginning.
Today FED meeting also will be imp cue
If C=104 , then Expiry will be at 6144-51, due to monthly closing and for to break trend line , bulls will try for this, as master told a monthly closing above 6135 will favour bulls
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