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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
38 comments:
GD your analysis is excellent.
Thanks ilango sir and sam.
If that first run was end of wave 4, that seems too short in time. Wave 1-3 was full day yesterday. I am hoping atleast 2-3 hours today for w4.
Nifty is poised to complete its minor "v"th wave after having been resisted @ 5150-5160 this morning.
This low around 5085 or 5115 should hold and a rally should emerge from then on.
Failure would mean, a deeper corrections.
Good morning Ilango Sir and all blog mate
@GD
good observation...thanks
Namaste Ilango sir and all,
with today's low at 5120 a Bearish Shark pattern has developed in Hour charts.
Click Here
master as yesterday you said v - iii - has it ended at 5120
and vi th "a" ended at 5160 and is 'b' going on or it has ended
at 5130 and 'c' is going on
Satheesh the link is not working.
Just for fun.....
http://2.bp.blogspot.com/-LvRrMVNUWWQ/Tdfrng2DNSI/AAAAAAAACeM/_UlwzKjGZyA/s1600/Funny+Accident+Pic.jpg
Hour chart bearish shark pattern
Click Here
just guessing.
mkt wl close green & wl be deep red on Friday.
one more attempt towards 5200 within 2 days.
pdd
@Satheesh Whats the implication of bearish shark pattern ?Regds.
@ Mayuri,
Trade based on EW if you understand them fully.
You ask.. what you should do with JNSAR.
Read about JNSAR
here.
Only when you understand the concept of JNSAR, should you initiate your trades based on them.
We follow only the Day JNSAR and the trades are updated in the Pre-market View post everyday.
Presently JNSAR is down since 09th November.
For the day JNSAR will reverse to "Long" only if Nifty breaches 5248.
Sir,
Positive divergence in NS Hour 35D,14RSI,Fmacd and SMacd charts. Also +ve divergence in 9DRSI charts.
Thanks @ilango sir...
i want to learn JNSAR technique but couldn't find the
starting post on it..from where i should begin?could you
please tell me from where should i start?
@satheesh
9 day rsi just o/s no divergence yet..
Above 5160, the last (iv) top @5229 to be tested?
Falling wedge in BN
if 9250 BNF held and 9400 is next resi if crossed
Tgt is 9800 BNF
Below today's Low
count invalid
@ Dazed,
Read about JNSAR from Label JNSAR
Also search the blog with JNSAR for Options Trading
Also read the first write up on JNSAR- a SAR Method
I am sure reading these would simply your search to find a simple method to make money from markets.
@ animotra,
Holding the current B - 5120NS shown in the chart, the expected targets for D are,
113% of AB 5240.91
161.8% of AB 5293.13
224% of AB 5359.68
88.6% of OX 5304.14
The last leg of the pattern to form a C would rally upwards followed by a fall after the completion of the entire OXABC - Hence the name BEARISH.
For more details refer,
http://www.harmonictrader.com/
You have a free PDF file about shark patterns.
What is mean by 5D ,14D, 21Hr D, 35 Hr D given in TT?
What is D and how to plot it in Amibroker?
@ sam
stochaistics d is slow that will give sir's d values
Thanks PS I was thinking it is another indicator...
which I don't know.
Thanks for replying my query.
@ PS,
Day 9RSI chart.
Click Here
Sir -
what is the invalidation point for this +ve divergence? Please clarify.
Master,
If its B[> 50% < 78.6% of W.A ] shoud it not retrace atlest 50% from 4728 to 5382...which is 5055
@satheesh,
grateful if you could tell me your charting source.
thanks
@satheesh
pls download sir TT. rsi has gone well below 20 and
no +div in that.it confirms with chartnexus too
if u use it.
Appears triangle forming. Another 5145 run ( for e )
and we fall ?
@Ilango
Close below all hourly parameters since trade opened
this morning.....could we assume falls to week low ema?
I also agree with PS , don't see any +ve div.
@Satheesh Thanks.
Namaste Guruji all seniors and friends,
Satheesh sir,
The free PDF file about shark patterns, where?
Thanks and best regards.
@ sri,
No charting source. I create excel charts - following Ilango sir's way.
New Post Done.
thank you satheesh.
Humbly requesting you to help me with the steps to follow the same as am new. sorry for inconveience.
regards
to initiate short covering ,first they will allow build up of shorts.and catch "em on wrong foot.so be cautios .
@ sahilraj,
http://www.harmonictrader.com/
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