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...
35 comments:
@ shriram,
Two possibilities as stated in pre-mkt suggests of ST weakness.
Today's EOD would reveal day TA changes if any.
Tomorrow's EOD would reveal both Day & week TA changes.
In the meanwhile, retracement table should guide.
@ Atharva,
Since 05th OCt, LT shows a H&S pattern in day chart.
Below 1610 would be break down.
H&S patterns should be read along with L&T's TT for more potency.
5724 being first retracement level from 5694 to 5742 being protected right now
another bearish WW pattern in play now
may trgt 5700 near 3.00-3.30pm
small bearish WW trgt nearly achvd near 12noon
Master : Thanking you...
dollar index is coming down also yield again confusing dangerous movements. rupee also facing resistance. volatile Europe opening may be ahead.
Tks sir :-)
Can u pl share the link, where we can download the TT for LnT pls ?
Atharva --> if u know, where i can find the file for LnT , pls share
Sir
Wt will be tomorrows developing jnsar for BN?
Is it moving towards Day JNSAR?
@ cooldent,
11454 as of now.
sir
today has been a classic day to show market action and direction should not be predicted and taken as a given by any study.
markets are evolution in action and take the path of least resistance.
Till yesterday it was buy on dips and today it is sell on rises.
As far as NW view is concerned what appeared to be a impulsive five was cut short and became a Zz and this morning the 0-B tl was broken after 5730 did not hold this morning and the 2nd confirmation was the retrace of the C in faster time than it took to form.
and these 2 are signs that ST trend has turned down.
following- the bounce did not go past 5744 61.8 of the fall of today hence that would be good stop and around that would be good sell for intraday.
ALT if it breaks that level change to bull gear may be an idea.
good learning points to us- L board drivers(traders)
is markets are not a predicided affair which anyone can say this is what will happen.
Notice if the price action goes close to a imp fib and does not cross it and retraces then price is headed the opposite direction
if it pierces a imp fib and retraces then price will soon comeback to break it. just like waves of the ocean!
Hangsang -500 and counting !
@Shriram,
A very hard effort to protect developing 5DEMA...
hi CDG,
seems like a B wave today , may test 5680 tomo...
or, if 5DEMA wins EOD, then bulls have hopes to start the next MOTIVE leg III up :-)
Shriram, Don't you like red B of Ilango at the top and this fall as Impulsive C.
Hello friends
good afternoon master
@DR sir
my angel diet showing BN nov OI 239% up.......is it right?
what happened to SBI??
मला जाउ ध्याना घरी आता वाजले कि बारा
@DR
now 271% up....is there any mistake?
@DKG
tom SBI result.
Not only SBI, since morning Tata Motors and Bharti are in upmove
Fibo :
5743 - 5716 80% retrace comes 5738. Market went 5737.
Sir, any inra long above 5750 OR any intra short below 5716 good here ?
another fast fall set up in 2min chart like at 12pm.
anmpatel
+1.58%
Dear Shradha Saburi
please dont leave us
--> back
CDG: as long as 5DEMA holds, think it wud pay to follow the impulsive label,
so sub-frac (ii) of C.5 , wud be 1st priority i guess !
@shriram ji
ok, so where can it be placed ii? is it over at 5707?
after last night steeep fall and opening higher today FTSE is slowly trying to retain some green (marginally up).
haha Parimal
i wont leave you as it is. we will move with nifty
Afeternoon Everybody,
Dear Shradha Saburi,
अहो अस काय करता !मागे का फिरता !
हिला (निफ्टी ला)न्या कि वरती दुपारी !!
नका जाऊ ना हो घरी !
नाही तर वाजतील बारा !!
New Post Done.
hi Anmp:
If the impulsive lable is the apt representation of price..
(ii) has almost done 38.2% of 5583-5777 @ 5706 today,
ideally , wrt last week's GAP UP, it shud end MAX to MAX @ the 50% retrace (5680 change)
Hahaha!!!!!!!!!!!
Mynac!!!!
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