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...
20 comments:
Now many will be thinking of "Double - Top" ... so what to be done ??? Master's Trailing stop is the answer :)
DEAR SIR CAN YOU GIVEN ME INFY VIWE..?
@ Prabhanshu - One 30m closing below 160.60 done?
Sir / Friends,
When we talk of retrace from 7718 to 7809, we are supposed to go long @ 50 % level (7764)and 61.8 % level ( 7753 ) with a stop loss of 80 % level ( 7738 ). Is that correct. I would appreciate your guidance. Thanks
SN
Intra 12 lac OI addition on 78k PE.. ..:)
An abc correction from 7809?
7809-7780 a
7780-7796 b
7796-7766(7748) c
There is a perfect reversal bar at 11.00AM; hence, weakness below 7779 and strength above 7809.
Bharat, at 11 idfc closed below hrlema as well... dlema is placed around 156.. keep an eye on this as well. ..
Tatasteel finally falling down. .
Sir, do you see rising wedge in nifty 60 mins as well. Prices got resisted at upper trendline.. lower trendline support comes near 7765-68...and hourly closing below it will trigger rising wedge pattern???
Master...
Thanks a lot, timely advice
Resisted at 7768
Dear sir,want to gain some knowledge about the reversal bar,you mentioned elaborate on it.thank you.
@Master -- for Intra, looks like 5 completed @ 7768 ??
7805-7785 - a
7785-7809 - b
7809-7768 - c
DR.SGM
http://trading-stocks.netfirms.com/tradingtriggers.htm
@ Guru Krish (Trading Nirvana),
It is not a 5.
Bull: minor "abc" done.
Bear: 1,2,3.1 done or still unfolding....
Hence, monitor the retrace for the last fall from 7791 to 7768.
@Master - Thanks, taking small baby steps in understanding Waves with your help.. :)
It is only an "abc";
For intraday bearishness, it could only be "abc - x abc"
Bullish engulf in gap support area in 15 min charts.
@cooldent,thank you.
New Post Done.
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