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:
Illango ji,
i am using macd(5,13,9)setting in my ambibroker sotware for 5 min chart , but it is not showing any positive divergence as in your first chart, so wanted to clarify are you using the same setting or something else.
Thanks
Hi..Renu,
The 5-min macd settings are 12,26,9 and in the other 5-min chart in the previous post is 34,68,9.
I must compliment you on your regular intra day posts. They are excellent. Continue to contribute to the benefit of many.
Best regards.
ilango
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