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...
3 comments:
so far prices had tested (1) daily chart high , low emas (2) weekly chart high low emas (3) monthly high low emas testing is pending.
in previous bullish environment prices always gone way above averages, emas.
in current bullish environment prices are closer to these averages and emas.
Namaste Ilango Sir & Blogmates,
Bullish: After 2 days of huge up-move it was a perfect consolidation with the PE writers adding huge at 7900-7800 level, but best resistance is at 8000, stay cautious at higher levels..: Option Analysis for 19-08-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
The v of 3 ending around 8000 was on macd chart from a long while ago!!
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