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...
9 comments:
Sir, i am slight confused with abc.
If 8180-7815 is A in 3 waves abc, then B can retrace any percentage of this fall.
Is this correct?
@ Prabhanshu Raman ,
Yes..
And that should satisfy "Diwali Damaka"...
to be followed by a deeper correction to complete the weekly weakness as shown in wk.s.macd.
Just keep this at the back of your mind while following the day-to-day prices.
"Most critical pattern" to watch out for in the coming 8 days would be:
whether the rise is of a corrective "B" wave.. OR
Is it showing impulsive characteristics for the last rise from 7540 to "extend"..
"8 Trading days to Diwali"...
Holding onto 50dsma, the trend would continue..
Sir, Can 'c' wave be of abc pattern. I thought 'c' wave can only be 5 waves.
Thanks
Thank You Sir. :-))
@Raman, 'c' can be of abc pattern wherein c should be of 5 waves. So abc cud be:
5-3-5, 3-3-5
Thanks Prabhanshu
Namaste Ilango Sir & Blogmates,
(Neutral: The Bulls are back in the hunt, but need a follow up action tomorrow with the Option Table nicely poised around 8000 level, boundaries back at 7800-8200..: Option Analysis for 09-10-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
ilango sir namastey,
sir in nifty Ta file in day ohlc sheet today's high 7972 become yellow cell. how to understand this?
earlier 8031 also yellow.i mean is it something two day high?
looks like nifty GAP down tomorrow about 100 points
Probable +ww in Dow Jones hourly chart:
http://prntscr.com/4ukoc9
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