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...
15 comments:
Prithvi
thanks will contact u
Sir
whats BN developing jnsar for tomorrow?
Ilango Sir
For the move from 4770 we have touched the weekly channel bottom at 5603 today.. Any move below will not be bearish ? You have mentioned day channel bottom as 5565/80.Weekly stoch also reached midway point.please help me to understand how to understand this
Ilango ji,
time for a 80 pts retrace ?
shriram,
we are in 3rd of c so u r looking for c4 for retrecement???
also channel bottming
@Dr sir,
can u free to set my TT??
@ prithvi,
yes
Indus = finally apart from own thoughts - mkt will not follow me i have to follow mkt :D :) am expecting 5631/45/56 may protect @ EOD??
November 15, 2012 1:04 PM
tough fight for 5631 . exactly cat on the wall situation me "on the toes" :P :(
shriram ji - advance ghee sugar...but 80 pnts crossover means bears can't enter again for some time i feel
Nilish ji - MCDOWELL NO. 1???
@shriram
HNY.
agree for bounce.
HA hourly formed bullish candle this hour...with open-low same at 5619....if below 5619 than toing....
HNY to all
anybody using Spider Iris Plus software??
@Sujatha: You followed the market in perfect way, Keep it up!!! But waiting for the master's perfect numbers (channel bottom)...
if global cues favor, a possible gap-up??? with small doubt... :(
Dear Suja:
RES for bears to short now @
DLoEMA : 5654 (also the 34EMA,30m) &
DEMA : 5674
Only a EOD close > 5674 will bring Bulls back in play
Ilangoji,
Can you please throw some light on the technicals, which made nifty gap down...
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