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...
22 comments:
hello and good afternoon
Ilangosir & friends
nifty weak below 7621 levels as per trendline
jai bhole
Master, Infy Positional to Fill Gap?
Nifty, a Inv H&S in 15 min chart, in making?
If falls another 20-30 points and recovers back over 7740, right shoulder will also be formed.
Respected Master,
Good Afternoon
JNSAR hit
sir
strength above 7730?
abc done
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-7739, S1-7689, R1-7823, VWAP-7740
No aggressive writing seen at 7700CE level, though the index is hovering around it, resistance now at 7800, Still not much of a Weakness…
Thanks & Regards
7718 7723 ... is 50%-61.8% retrace of the last fall from …… 7741 to 7694
80% is - 7732
If weakness is to return, it should be around 7718 7723
Strength gets confirmed above 7723 OR 7732
thanks sir
Master,
As you suggest sudarshan,
last Weekly trend sell on rise,
but at this time NS trading above 5WEMA,
Lots of difficult to trade,
wt to do master,
JNSar Sl hit 2 time
confused
@ Prithvi Raulji ,
It is a trader's market and with a close between DHEma and DLEma, it is in a "Trading mode".
At such times, use Pre-Mkt's Trade tables' res. and supports or your own or within DHEma to DLEma, make your trades and take your profits.
Ilango said...
Hence, we look for a correction for that rise from 7663 to 7752, preferably till "7718"....
Strength gets confirmed above 7739-45;
weakness below 7725.
August 6, 2014 at 9:37 AM
Prices got sold in that 7739-45 range at 7741 and reached our critical number "7697".
DEAR SIR 7593-7752 IS THREE WAVE TODAY LOW 7694 ( 7691/ 38.2% )....?
@Master,
This week trend still Up as NS trading above 5WSMA @7715 and would asserts after 2 p.m.
Means JNsar 7727 +30=7757 (or +20 =7747) and for tomorrow (After 2 Pm) Jnsar 7717+30=7747 (or +20 = 7737 ) trade long
Either sell on rise??
Am I Right??
Master,
See the Inverse Fractal from 1st August 2pm till yesterday on 15 mins.
Just a Novice statement but Market has just copy pasted the move since.
On 1st last 30 mins didnt go below low made before 3pm and yesterday same happened at high.
4th was a gapup and today was a gap down and thereafter market just following the path it had set on 4th. Even this rise till 7748NF is same as the fall to 7756NF on 4th after a big candle.
If the Fractal is correct we should close the day ard 7685-90NF.
It gets negated above day highs.
Regards
50% ratio works very strongly...
Prithvi Raulji.. Hi
As per my little knowledge dhema @ 7745 & dlema@ 7665..
@ Prithvi Raulji,
One correction: Weekly trend is down (without momentum)
@Master,
How to said weekly trend down??
The Price trading above 5Wsma/EMA,
Only trading below 5WHEMA, It is sell on rise,
Weekly JNSar 7607,also you had mentioned in pre market post weekly trend up
Pls clarify about weekly trend down
New Post Done.
sir,
is there a possibility that todays consolidation is 4th from 7638 low and 5 th pending towards 7758?
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