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...
7 comments:
Master..can you please explain what is fast rise nd fast fall in simple english..is it crossover of emea's?
Thanks for your time !!
Thank you sir for your guidance.
Can you pls suggest the settings for lead indicator... 3rd chart..
Master May I with your permission.
@ Hemanth : When a short term SMA/EMA is trending above a longer term SMA/EMA but instead of crossing down it turns up to resume its upward journey it is called a fast rise set up.
Here in this case 20 is above 50 it moves towards the 50 SMA and instead of crossing below it resumes upward journey.
I hope you understand now..
Thanks.
one more followup question....what does fast rise setup imply?
Is it that bullishess is continuing because short term avg(EMA/SMA) rising from Long term avg?
or we are about to make some quick upmove?
Thanks for your time !!
sir
does the present up move from 7422 which is so well channeled resemble a impulse or a abc x abc x abc configuration
thanks
Namaste Ilango Sir & Blogmates,
SMR : 13.44 (Bullish: The 7700PE writers in a single day added more than 32 lacs OI and in the process have taken control of the Option Table with 7800CE level now looking susceptible in front of the resurgent Bulls...) ..: Option Analysis for 22-07-2014
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