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...
16 comments:
BN... Hourly High & daily low ema 15360..
Day Low : 7936.70 Day High : 7977.50 Range : 41 Points Day Pivot : 7973 Hr. Pivot : 7950
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7960.
NS below Day Pivot @ 7973 & aBove Hr. Pivot @ 7950 indicating range bound play.
NS in BOD mode in Hr. T/F & in BOD in Day T/F.
Mild Strength returns above Hr. HEma @ 7964.
BOD = Buy On Dips
G.Afty Master & JN Family,
Guru : thanks :-)
Have a gr8 day !
@master
is it look like abc done at 7977.5 for 8031-7924 fall?
thanks
sorry at 7970.5?
Followers of JNSAR :
Day Low : 7936.70 Day High : 7977.50 Day Range : 41 points
NS trading Quarter Century below TODAY'S JNSAR @ 8001.
Below Hr. JNSAR @ 7960.
Continue SHORTS INITIATED Y'day by reversing Longs @ 7991 with strict SL @ 8021.
NS below Day's pivot @ 7973.
NS currently hovering around 7956.
Note : As JNSAR HIT and reversed Y'day Whipsaws r remote.
Strict SL is a must for all trades whether Short or Long.
Now follow up buying above 8000 would be need of the hr...otherwise...
@ anmpatel,
It is possible; confirmation needed with a break below 7935.
A small contracting triangle in 2min chart of 54 point height. Bo or bd points are 7943 & 7969.50.
7940 Hourly Low ema.. will it break ?? then next will be 7925 DLEmA
Bye Sir & friends... Long weekend...Happy Gandhi jayanti & Dashera & Eid
Day Low : 7936.70 Day High : 7977.50 Range : 41 Points Day Pivot : 7973 Hr. Pivot : 7954
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7943.
NS below Day Pivot @ 7973 & aBove Hr. Pivot @ 7954 indicating bear grip.
NS in BOD mode in Hr. T/F & in BOD in Day T/F.
Mild Strength returns above Hr. HEma @ 7966.
BOD = Buy On Dips
Followers of JNSAR :
Day Low : 7936.70 Day High : 7977.50 Day Range : 41 points
NS trading Half a Century below TODAY'S JNSAR @ 8001.
Below Hr. JNSAR @ 7957.
Continue SHORTS INITIATED Y'day by reversing Longs @ 7991 with strict SL @ 8001.
NS below Day's pivot @ 7973.
NS currently hovering around 7946.
Note : As JNSAR HIT and reversed Y'day Whipsaws r remote.
Strict SL is a must for all trades whether Short or Long.
@master,
On 5 min it looks like bear flag. Tuesday gapdown possible?
@ Nilesh ji,
To my eyes - first view on 5 min chart - show a possibility that the entire move of today is a "B" wave - waiting for a "C" wave UP :)
@ Raghavendra
I also feel that today move was "B" and "C" can unfold on Tuesday up to 7985 - 8013 which holds WEMA, DHEMA, 0.618% of down move from 8131 - 7924
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