@ shriram,How do u generally identify correctives, Pure form or wid any other aid ?After 12345, abc comes. That is how we identify the "start"..Then when we see a 5 in "a", we identify a zigzag in "progress".when we see a 3 in "a", we identify a Flat in "progress"..when we see a huge 3rd in "12345", followed by a 3 in "a" for the 4th, we anticipate a triangle in "progress"..Then, when we see another 5 in "c" in zigzag with c=a or c=0.618x a, we identify the zigzag's "End".when we see another 3 in "c" in Flat , we identify the Flat's "End".when we see five sets of 3's in triangle , we identify the triangle's "End".
Tks Master,So this is based on FORM basically.. What about oscillators / one Degree Higher Hi-LOEMA in consonance to suspect ABC FORM, ? or is not v co-relatable , per u sir ?
"when we see another 3 in "c" in Flat , we identify the Flat's "End"." sir, shud it not be 5 in c for flat end, or i am missing something?
@ Piyush Sharda,Flat can be 3-3-3 or 3-3-5.
respected llango sirthanks for sharing such imp experiencethanks
Sir that is splendid and masterly. Myriads of thanks.Love and regards.LV
Master,FORM to become HI-prob must be needing CONFO signal from some Oscill or mathematical signal, isnt it?
@ shriram,"Close below HEma" gives the 1st confirmation of a correction unfolding during uptrend."Close above LEma" gives the 1st confirmation of a correction unfolding during downtrend.
thank u sir, been a long time since i read ew. will reread in near future. was thinking flats can only be 3-3-5
Master,Tks for the detailed replies :-)Will try to implement & see if it improves my wave labeling & come back to u
@ Piyush: Prechter Theory wise FLAT C is always 5wave.. many time WXYs resemble FLATs.. so may be PRACTICAL EW wise.. can be thought 3-3-3.. Ramki says WXYs are as common as FLATs..so.. may b thats wot MASTER meant , just trying to guess
Wow !Master has given the Simple Sutra with "summary of correctives " and reliability of our old friends - HEMA-DEMA-LEMA....I want to believe that with so many other indicators - sometimes to confuse - keeping things simple with these should reward us and keep stress low. Easier said than done :-)Thanks for these dialogues !
Master,Can we consider 6130-6358 NS (todays top) as a 5waves done, on the Hr MACD.. no 1-4 overlap (w1: 6263 , w4: 6273) also..
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6358, R2-6382, R3-6407, VWAP-63906500CE OI has crossed 52 lacs and now could be the resistance for the series, momentum lacking as the PE writers are not aggressive till now…Thanks & Regards
Ilango Sir, Thank you
thanx shriram,ur explaination appears logical.
Weak below "6336".
thank you sir...
@ Illango SirTT update pl.
@ Master,Please Post the nature of the irregular flat correction starting and ending
@ krish pm,Irregular Flat correction should be renamed as "unwilling, impatient Flat". It occurs during strong trends and prices are taken to new highs even during corrective phase because of the impatience of the market which is unwilling to undergo a normal correction after the completion of an impulsive 5.There are occasions where gullible traders take the market to a new high even after the completion of a 5 whereafter the 'c" unfolds strongly into a distinct 5.
wow what a move after it went below 6336
anybody seen 6316 low on NF???? chart showing
@ Illango SirDoes pre-mkt critical support of 6299 still hold good??
sorry 6291low on chart
sir,, why you chose 6336..i am saved in a nick of time, though...but why 6336 and not 6322
New Post Done.
day JNSAR trigerred
40 pts in 2 mins?what is the news?
Dear ilango Sir,Is it Nifty break down happened
@Master,What are the fibonacci ratios for a wave, b wave and c wave in irregular flat?