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...
3 comments:
TSL? Does it mean stop loss? If yes, then your stop loss was hit but eventually Nifty recovered to close above it...so what is your prediction for Monday and next week??
Sir, pls shed light on...
Is this market really predictable? Where is all the bullishness coming from? Is there 'really' something substantial to be happy about?
Hi..Rishi,
TSL - Trailing SL. I increased it to 4605(1st wave top and got stopped out.
Monday - will post later.
Hi..MJ,
Sometimes we are able to read the mkt..how do we do it?? No fixed answer.
Bullishness is coming from dollar weakness, lots of liquidity chasing stocks that results in huge momentum play..It can turn down suddenly too.
"Substantial" is a term that means different to many. To me, it is just making something out of the mkt..up or down.
BTW..when the mkt breached 4605, I turned a seller for the shortest term.
Best regards.
ilango
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