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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
2 comments:
Excellent Analysis. Now what should be the fourth wave target? - Milind Patil
Hi..
4th wave targets generally towards the 4th of the lesser cycle which is 3648.Depending on the momentum it can go past that towards 3700 to 3800 area also.We will see its internal counts as it develops.
A close above 3260 today is a minimum requirement to keep the Hourly buy "ON".
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