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...
43 comments:
GM Everybody
@ Nirav,
If the channel holds or if Nifty contuinues to close above 5-DEma, preferably a close back above DHEma, it could attempt 200sma & above. It has a day or two to achieve it failing which, this correction may continue lower towards 20sma.
Only worried part of the rally is huge O.I. and DHEMA,
otherwise Bulls have kept the market beautifully stretched.
World is Bleeding
and
मेरा भारत महान
http://www.youtube.com/watch?v=-ZcZYsjOZYw&feature=related
wat kind of rally is this?trend rally,short squeeze rally,fiis rally,diis rally....pls pls let me know if somebody konw
Thanks Sir,
Sir According to length of Wave A i.e 440 point target
for wave should be 5520
nifty rider
Its Sucker Rally
http://www.investopedia.com/terms/s/sucker-rally.asp#axzz1cWuIztzD
We can riding it cos already sitting on profit.
@ Nirav,
a=4728 to 5160=432 points
b=5160-5011 but ended @ 5038 as contracting triangle.
c=5038+432=5470.
This is a theoretical view. But it has helped to capture some points.
With weekly TA at Overbought zone, Nifty closing above 5258(WHema)would keep the momentum for higher levels before which the daily should close above DHEma.
Currently the Hour TA reversal at the open has provided this momentum & has taken it to R1(5300) of the day, for part booking of longs taken at the open.
huge puts addition at 5200 is a very bullish signal !!
H-JNSAR triggered to go long at 5274.
Previous trade - 60 pts ( without money management ).
Thanks sir,
Sir I really appreciate your help towards our learning
Elliot wave it has helped me lot.
once again thanks i understand the concept
GM ILANGOSIR, DRSIR
Gold update
A head and shoulder in gold 4hour chart, yesterday's low is crucial, a 4hour close blw y'day low near $1685 than huge downside possible, trade long with strict sl, buy in every dips is only way in gold
soory for late posting... my net is a bit on slower side...
nifty retraced 61.8% at 5300, of the fall from 5356.5
to 5204.95...
Ilango sir, where can we go long now, i missed in morning?
Can Nifty Spot go to 5350 ?
Please guide.
Regards
silver update
Nothing 2 update special, never trade or invest in silver, now DEATHCROSS in daily chart after long time what will happen to silver? Who knows
Thank you jigs for the update....
@ilango sir,
I see 3 EW scenarios...confused on which one ?
ABC from 5400. A - 5400-5207, B - 5207-5300, C - 5300-???
Impulse down from 5400. 1 - 5400-5207, 2 - 5207-5300, 3 - 5300-??
ABC from 5400. A-5400-5207, B-5207-???. Still in progress.
Any thoughts ?
@anil,
Why 5356.5 ? What about the waves between 5400-5356.5 ?
Thanks
@ Jiggs - thanks for ur commodity views . gold waiting for a dip to buy if "solid" dip comes GOOD :) will it come?? is "Q" :P 1685 breakes again wat's the nearby support?
@ Jigs:
Why do u say never to invest in silver?
@golf dude
fibonacci levels always worked with crucial pivot
points or rather cluster zones...
before falling below 5300 its major pivot is at 5356.6...
@ Jiggs could you please post the chart of $ GOLD with head
& Shoulder.
Bears watching this Qawwali today
Chadta Sooraj Dheere Dheere............dhal jayega
http://www.youtube.com/watch?v=nwiu7w1-Wvk
A sucker rally going on.In time it will deliver a sucker punch.
@Sujatha near sup 1670 if dip come than it will be god sent opportunity like last time's 1540
@animoitra - Why ?
@shreyunik
Silver have past like hitlor, highly volatile and never give opportunity to even exit
@number game
I will post in group asap
@Jigs:
thanks...hmmmm.. thats what happened when it zoomed and dropped even more quickly last time...will keep in mind...
@gd
5207-5300 is looking like impulse. looks unlilely
3rd down can start here
unlikely
Sis
Have you seen lead Indicator Red Metal its Hot 2.5%
pcsmitpra
No fresh buying here
We have part booked and trailing with remaining
Wait for next opportunity
Patience pays
@DN,
arz kiya hai,
निफ्टी घूमे बाज़ार में, मांगे सबकी खैर
न बुल से है दोस्ती, न बीयर से बैर
Bull Run
Bulls live above 200 SMA
as per DOW theory HH and HL
It has not fulfilled even one criteria
If its bull run still it will make one HL
@ GD,
ABC from 5400. A-5400-5207, B-5207-???. Still in progress.--YES
@Jiggs also put link of the group as soon as you post the chart.
@shreyunik silver's history is
In 1980 silver hit $40 and in 1984 silver hit $8
Volatility in 1979-81 was very high, i will post chart
New Post Done.
@ Jigs:
Pls do post chart...I got ur point. thks :)
@piyush,
You are right. 5307-5400 is an impulse. And after that
it is showing all signs of a B ( slow ). So we have one
more impulse left then to 5350 range ?
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