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...
8 comments:
Good Morning Sir & Friends...
It's nice to know you are feeling better now :)
GM Master,
It is heartening to know about ur health
Good Morning Ilango Sir and Friends,
Nice to about your improved health. Let it be continued.
With Regards
Arvind
@ SN,
Trail with 7955, approx.
Bullish:
7991 7981 ... is 38%-50% retrace of the last rise from …… 7939 to 8023
80% is - 7956
If strength to return again, it should be around 7991 7981
Weakness gets confirmed Below 7981 OR 7956
@sn
as per my understanding of retracement strategy is that in 3rd/extended wave this 80% tl with stop
works very well. once 3rd ends support/resi as tools become better. a knowledge of ew and a good trading plan will help in getting good results by retracement strategy. though the strategy is simple
but if used mechanically may give many whipsaws like other methods. this is my understanding. request sir to correct/add if reqd
GM Master
Wish all Long Life, Good Health, Peace & Wealth.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7990, R2-8021, R3-8053, VWAP-8038
The 8000PE writers are on a rampage, and now 8000 Level has been taken care off on the first day of the series, CE writers content with 8200 Level…
Thanks & Regards
Intraday Weak below "8008-8004".
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