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 ...
52 comments:
channel broken in upside ?
Master,
5wave C done sir ? The osicallator is moving a lot on the smaller hr T/f
http://www.wikisend.com/download/791012/NIFTY050313.jpg
atharva –my sincere apologies I deleted the post. Don’t mistake me. I didn’t hurt you. ..that's for readers (like newcomers) not for you..they should know the reason for the "trade" and learn and earn.. instead copying directly. To be frank even I would like to help “ethan” told him to initiate a "call" yesterday and sent personal mails. but he didn't. He is new to market it seems. hence told him to "read sir's "always start trading with these". Yesterday I posted for a”budget high joy ride” now that dream is coming true?? Atleast upto 5770/802/810 SPOT. But future should cross 5784 if it apply reverse gear ??
Few days back FIRE posted a education material on RSI div..This is - ve div ..Only I am not sure whether it has ended @ this bar closed @ 12.00 hrs or it has some more to go up. will short closer to jnsar with filter ..
Sis : yes For new comers it becomes diff to follow one blog..By GOD grace if they are at Master's blogs, then should visit the list that master has placed.
Does any body knows whether this is the right place to open short based on this - ve hidden div set up. Dev JNSAR is 5776 ..personally will open short closer to this levels as SAR
is nifty getting ready for a fast fall set up??
ema in 30min charts are aligning in similar pattern as did on budget day be4 the fall started
5ema on verge of kissing 55ema in 30min charts from below
@ Master currently tatamotors is near 80% ret (302.60) ..for 309 to 280 can we take a sell with small stoploss?.is this a good risk reward trade?
this hour open-high almost same.
TO master,
master if 2 wave is irregular flat then 4 wave will be?
Goodafternoon master
BN sustaining above it's high resistance level of 34 hour sma and sustaining.....
What is your view now ?
patel ji - mm... needs some cool offfffffff upto ......to move up again??? i had a bit doubt 5784 not crossed decesively (future) then v may heard a thud sound :P so..advance "ulta" position where again it landing is the Q?? depends upon that will hold or dispose the short
@ shriram,
If 3rd wave was done @ 5664, then the current rise could be "a" of 4 th wave.
4th could unfold as a triangle or a zigzag.
The 1.00PM update will have redrawn channel for the 4th wave path.
Master ,
The oscill. has done its hifreQ move.. time for a 38.2% -50% retrace of 5761-5666 , now, towards Dlo sir ?
yes sir, music to eyes, tks :-)
@ Master currently tatamotors is near 80% ret (302.60) ..for 309 to 280 can we take a sell with small stoploss?.is this a good risk reward trade?
hey bhagwan ye suja ka 5784 par kara de...thodi si lift karade....
thanks.
This part is form his article ..honestly I have not understood , If anybody can help me to understand interpretation of this :
For more enthusiastic traders, there is a filter used by Cardwell for these signals. I am putting that below with this disclaimer; I personally don’t use it for it seems a bit too complicated for me in a live market. But that could be only a personal bias. You are welcome to test it yourself. Perhaps, you could use it much more successfully than me.
Cardwell adds 9-SMA & 45-EMA to both price and 14-RSI.
If a Positive Reversal takes place when 9-SMA is above 45-EMA for both price & RSI, the signal is taken as confirmed. If 9-SMA stays below for any of those, Cardwell calls it a “naked” signal and waits for a new signal that would be confirmed by the moving averages.
As a brief guideline –
IF: Price 9-SMA > Price 45-EMA AND RSI 9-SMA > RSI 45-EMA
THEN: Trend is up.
IF: Price 9-SMA < Price 45-EMA AND RSI 9-SMA < RSI 45-EMA
THEN: Trend is down.
IF: Price 9-SMA > Price 45-EMA AND RSI 9-SMA < RSI 45-EMA
THEN: Trend is sideways to up.
IF: Price 9-SMA < Price 45-EMA AND RSI 9-SMA > RSI 45-EMA
THEN: Trend is sideways to down.
IT says 9 sma & 45 ema to both price and 14 rsi..how to apply it to 14 RSI..can anybody explain?? attached chart is it correct one??
http://www.wikisend.com/download/949972/NIFTY-hidden%20div%20-.jpg
Hi Atharva
Can you post the link to Cardwell's article ?
I think Cardwell's hidden divergence takes place when rsi makes a lower low but price doesn't make a lower low, it is a continuation rather than reversal signal.
@v sudharsan,
If you read my earlier comment, it is suggested that a corrective "c" wave may be unfolding holding above 280 & moving past 297.
"a" completed @ 312.
"c" could target 312 or more as long as 80% retrace is not breached during this rise.
This - ve div will be valid till price does not cross PT A @ 5823..RSI my get OB and can go till 80 levels till price is below pt A this - ve div will come in play and achieve the tgt. I do not know how to initiate trade and where to initiate short trade ??
Atharva,
In your chart RSI made a higher low but not the price, if I am not mistaken this bearish and taken as a continuation pattern ?
It is 5762 as said 5763 limit for today
Thank you master
Rishi : you are mistaken check my chart RSI made HH but price failed to make HH above pt A hence - ve hidden div..
Re posting same http://www.wikisend.com/download/791012/NIFTY050313.jpg
strong addition in O.I STARTED IN 5700PE nearly 12 lakhs
it has highest O.I also near 83 lakhs
Ok taking clue fr Master's 1pm update ..4th may finish below 5850 ..so will take short accordingly..
New high would suggest larger retrace possibility.
@ stock4sure,
I am very new in market and I am watching 5700 PE closly, it fall from 64.9 to 40 today and OI is started bilding up per you say, is that mean strength is coming in it ?
Sir,
Considering this upmove as correction, should not we keep jnsar @5796 spot ?
Dear sir&frends
I am mobile can any tell me nifty future level
nifty futures retrace for 5870 to 5677 for golden ratio 0.618% at 5796.
what next ? 0.80% ?
Mostly 5800 call
@ Abhi,
When Nifty opens comfortably above DLEma & 21 hr sma, intraday traders should start to have +ve bias.
We suggested strength above 5739-49 resistance wherein 34 hr sma is positioned.
When you combined Technicals with these price action, an aggressive trade emerges and these are meant for "Intraday only".
EOW should confirm a close above 5762 to signal a weekly pause.
Prices moving past DLEma @ OS conditions takes it towards DHEma+10-20 pts..
Market is near tommorrow devloping JNSAR
Master,
In chart u mentioned Irregular flat is very bearish.Does it indicate for this rise or it already done for fall of nifty to 5664?
patel ji - joy ride on the way..but contra trend SL hit hua...came to know that "you had my SL for lunch without roti sabji" :) too bad dr.saab :(
Suja sis,
i m waiting for 5806 nf.
@ MASTER
based on above reply & Channel resistance at 5775 ( Joining 5970 - 5848) as a Re entry trade in JNSAR direction ?
Thanks Sir.
Now its heading towards 5950....
Master, considering the 5700 PE strong addition and larger retracment (meaning?) what could be potential upmove possible? Waiting for EOD closure ofcourse.
As per fibonacci retracement table 5779 is 0.618% of 5850 to 5664.
dear co family members of JN,
PLEASE WAIT TILL MASTERS COMENTS,
DONOT LITTER,
PLEASE,ONCE AGAIN.
@ sandeep bhoite,
Prices are confirming( a likely close above 5739) after +ve div in 9drsi.
friends
nifty candles are touching resistances
either they cross it tomorrow or we can expect some whipsaws
intraday charts are now overbought
index still has upside left
thanks and regards
Respected Sir,
Today's JNSAR as per graph is 5776. So the same has been hit and we are into buy mode as per JNSAR trade pls confirm.
@ Master
I Understand , Thanks for teaching price action :) thanks
New Post Done.
Post a Comment