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...
19 comments:
Reposted :
@ vksoni,
ThanQ.
I see Aggressive Trade levels for the Day as : 7842-7935-48--7975--7993-8010-8050.
Am i correct ?
Day Low : 7948.40 Day High : 7977.50 Range : 29 Points Day Pivot : 7973 Hr. Pivot : 7965
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7958.
NS below Day Pivot @ 7973 & Hr. Pivot @ 7965 indicating bearishness.
NS in BOD mode in Hr. T/F & in BOD in Day T/F.
Strength returns above Hr. HEma @ 7986.
BOD = Buy On Dips
Followers of JNSAR :
Day Low : 7948.40 Day High : 7977.50 Day Range : 29 points
NS trading nearly Half a Century below TODAY'S JNSAR @ 8001.
Continue SHORTS INITIATED Y'day by reversing Longs @ 7991 with strict SL @ 8021.
NS below Day's pivot @ 7973.
NS currently hovering around 7961.
Note : As JNSAR HIT and reversed Y'day Whipsaws r remote.
Strict SL is a must for all trades whether Short or Long.
Test
7978 7990 ... is 50%-61.8% retrace of the last fall from …… 8031 to 7924
73.6% is - 8003 80% is - 8010
Strength returns above 8003 OR 7990
Weakness continues Below 7978 OR 7965.
Hello All,
what is setting for 9 rsi and how do i plot it in amibroker ?
Thanks in advance
"7941" is "wdege's support"
a small bullish WW developing ns 2 min charts
may have formed pt5 near 7941 ns levels
trgt near 7980-7990 range near 12.30-1.00pm
this may initiate a larger bullish WW too with pt 4 near 7980-90 range and pt5 may form near 7900ns levels intraday
trgts 8050 till wednesday next week
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8015, S1-7946, R1-8068, VWAP-7990
Strong support building up around 7900-7800, but the index stays weak below Weekly and Daily VWAP, Sell on rise till Weekly VWAP is comfortably taken out…
Thanks & Regards
GM Sir and Friends.
As per rising wedge pattern in week timeframe.. broke down below 7995 (last weekend only) and t1 is 7641 t2 is 7070 sl is 8172.
Lets c how it unfolds
Good morning Ilango Sir and all the Blog mates!
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
At 12, closed below 21/34 hrsma
@Prabhanshu
i think as per pre-market...we need a close below hrly low ema..to gather momentum. is it?
thanks.
Afternoon everybody...
Sellers have no other option left but will have to show new low this hr,otherwise Bulls may come out from shell...Let us see..
Followers of JNSAR :
Day Low : 7941.25 Day High : 7977.50 Day Range : 36 points
NS trading Half a Century below TODAY'S JNSAR @ 8001.
Below Hr. JNSAR @ 7971.
Continue SHORTS INITIATED Y'day by reversing Longs @ 7991 with strict SL @ 8021.
NS below Day's pivot @ 7973.
NS currently hovering around 7947.
Note : As JNSAR HIT and reversed Y'day Whipsaws r remote.
Strict SL is a must for all trades whether Short or Long.
Anmpatel, yes to gather momentum, prices has to close below lema in given tf.
Nowadays i started watching 21/34hrsma as well and found rewarding in intraday trades. ..
New Post Done.
@prabhanshuji
from 7842-8031 looks abc
and from 8031 to 7924 was 5waves so this is some kind of correction of correction of correction.....only 3rd can start below 7924....god knows...only MASTER and MARKET can validate the ew counts...!!!!
lets see...
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