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...
38 comments:
@Ilango
Resisting at WHEMA and the previous high from where the downtrend began at 5722......can i infer that one more corrective wave down is still pending???
Would welcome your inputs/validation
@Arun Kumar Sharma,
yes. you may be correct. Got confused with Open Position and DRSAR..
@ shriram,
The 5 sub-waves from 5583 being discussed here is the 1st wave of the 5th wave.
It could also turn out to be the (a) wave of 4.b.
Presently the (iv) of 5.1 may be on. Based on the prices unfolding in the coming 2 days or so, we should be able to understand whether 5th is on or the complex 4th is "continuing".
Thanks Sriram sir.
true, both open .. very nicely put sir, thank u :-)
@Sujatha
Nifty Song! :D
5662/5647/5632
@Sujatha,
மறுபடியும் மொதல்ல இருந்தா?
Looks like he is going now but wl come back soon... Seems he got a whiff of ur mental calculation...
julius - 90 touched.. but yenna seyya yenna seyya?? adha konjam kaiyal thalla kidaikume oru......in case protected OMG i don;t like but i hv to see that wait for my next trade for next week
இதனால் அறிவிப்பது என்னவென்றால், நமது JN சூப்பர் சிங்கர் பட்டத்தை சுஜாதா அவர்களுக்கு பெருமையுடன் அளிக்கிறோம்..... :)
:D
All gol-jalebis only visible, JRJ, suja , someone tell us wot "MAYA" is being wound up ? ;-)
Gapping Up Doji
thepatternsite.com/GappingUpDoji.html
3.00PM TT & Chart updated.
Kiran
where do you see a doji ?
:sir,is it wise to trade developing scenario than current?:
Respected Ilango Sir ,
pl give us ome knowledge for the GAP UP/Down conditions , apart from the Global cues
Thanks
@ Satish ,
"Developing" scenario is based on current prices.
It is the "dynamic" way of managing your positions.
It is nothing but "following up on your trade plan" which will have stop losses/ targets/ contingency plan to reverse a trade, etc.
Without a "basic study", there is no "developing scenario".
now looks impossible to close beyond WHEMA
@Sujatha Sis,
I m also waiting for your next week trade ;)
Dear Parminder
i see 21HRSMA crossover on 34HRSMA on NF hrly chart
@ navtash,
Refer "Global cues" from the "Labels" section at the side bar of this blog.
http://tradeinniftyonly.blogspot.in/search/label/global%20cues
Most often "global cues " assist the "Trend follower". Even today's one helped the trend follower trenmendously with a "Gap up" as Nifty has closed above 5DEma on 01st.
When in uptrend, if global cues are -ve, it provides a "re-buy" opportunity and vice versa.
These are general observations based on experience.
In sum, follow your market., and stop losing sleep over global cues. Use the global cues @ opening only.
prabha - ha ha ha lolz :)
shriram ji - just for fun ..wil come @ 3rd week enjoy the space as usual for useful analysis:) studypurpose
julius - eemmmmmmmmmmmmmmsaaaaaaai nifty 85-90-la close agira mathiri parthokongappa konjam..poi vareen let us see. if BNF/SBIN is late participation it's pending BNF 150 pnts +
anna vename pa...
nifty last song - number vittu number vandhu .... ...... pannathenga... ..... .... pannakka nannu yenna seyyarathu :P
bye
HAPPY DIWALI IN ADVANCE TO ALL
nilesh,
she will give u steaming hot idli, atta ch sangto paha ;-)
@Sujatha.....
ENGLISH please......
@Sujatha,
Take care - Happy Weekend.
opening closing same for today!!!! Any interpretations before the weekend????????????
Ilango sir ,
Thanks for the prompt reply
I wanted to know ONLY the conditions for the GAP UP/Down conditions from TA , if any
Thanks
@CDG
yes dear, but HA candle formed long white without wick on lowerside.....s/o bullish let's see...
happy weekend, & bye ppl !
@Anmpatel,
Yes. But note one more thing the closing is just below the developing Day Pivot...
@CDG
and on weekly candle-white hammer....
closing b/w 5697-98
ok.. yes... Next week is the key..
Bye everyone...Enjoy the festive season....
Hi parimal
u r right Sir bt it has not given crossover see the values they are same 5670
regards
5697-14=5683
5697+14=5711
upper and lower shadow equal.
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