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 ... -
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6 comments:
Sir, in trend indicator chart, you have not marked negative divergence. Any specific reason or when/ which scenario we can mark it?
Also in lead indicator chart, it has triggerd downside but down red arrow us missing. Will it be marked wen lead indicator goes below 80 mark??
@ Prabhanshu - -ww targets still near 120 in the coming days...?
Very Interesting :
Category Date Buy Value Sell Value Net Value
FII/FPI 25-Jul-2014 3749.73 3624.22 125.51
@ Prabhanshu Raman,
S.Macd should turn down.
S.Macd should trigger down.
Prices should close below 12 dema.
Hence, in this chart, no sell signal is generated.(One or two of these factors must confirm).
For divergences to be marked, macd, at the minimum must turn down; prices must close below 12 dema.
Lead indicator chart:
Prices have closed above 5 dsma.
Though Lead indicator has turned down(for aggressive traders), it must trigger down.
@ Master,
In Trend Indicator Nifty-Day & S.Macd chart
16 & 17 July 2014 Thick Red and Green arrow marked
18, 21, 22 July 2014 Thin Red and Thick Green arrow marked
when/ which scenario we can mark it as Thin and Thick?
thank you Sir.
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