Now again we seem to have fallen in a 5 waves from 4613 to 4379...(5th is still on). So Sell on a retracement (May not retrace so much).As hourly is oversold, a bounce may happen. If Asia comes off the lows, you will get the bounce. If not a gap down..
Monday, August 17, 2009
Nifty Intra update
We had a 5 down from 4727 to 4360. And we retraced roughly 69%(Between 62% & 76.4%).
Now again we seem to have fallen in a 5 waves from 4613 to 4379...(5th is still on). So Sell on a retracement (May not retrace so much).As hourly is oversold, a bounce may happen. If Asia comes off the lows, you will get the bounce. If not a gap down..
Now again we seem to have fallen in a 5 waves from 4613 to 4379...(5th is still on). So Sell on a retracement (May not retrace so much).As hourly is oversold, a bounce may happen. If Asia comes off the lows, you will get the bounce. If not a gap down..
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...
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