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....
-
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...
20 comments:
Thanks for new post sir.
sir ji,
what parameters to monitor to know
whether price if < 5hrhema that it may fall
< 5hr-ema and the likely to touch 5hr-lema
Ilango Sir, Nifty is making a C.T in the 4th wave with higher lows and lower highs since 18th of Dec-low of 5823. The C.T is usually in the 4th wave of an Impulse and the 2nd is a Zig-Zag. Am I right Sir?
@ SANPOT,
It is not a CT but a "descending triangle". Read below:
http://www.stock-trading-infocentre.com/descending-triangle.html
OK Sir, thank you.
Good afternoon family
2 Times Jnsar Fails.
So finally now may be giving more points either upside or downside
This time indication is upside is very tuff.
@master,
Discending triangle accured in Down trend??
So it is shorting time now???
Or Triangle would break up side also???
Only 1 thing that can be seen contracting is the volumes and the range.
highest volume trade at 5899.4 just one min back......lets see what happens now??
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, VAH:5951, POC-5942, VAL-5933, WVAH:5914, Pivot:5948, VWAP:5948
Seems like market participants have taken the day off, with Nifty volume at its lows till now and writing very evenly matched…
Thanks & Regards
POSSIBILITY OF a fast rise setup emerging in 5 min charts
if sustains abv 5903
Break out above 5919 the U.B.B on 60 min chart.
Sir ILango ji sent you a test mail from omhrmanagement@gmail.com , kindly make me a member
thnx
Desending triangle is generally considerd as BEARISH useually found in DOWN TREND.
The bottom part of the triangle appers FLAT
The top part of the trianglehas a DOWNWARD slant.
1.Prises Drop to a point where they are oversold.
2.Buying comes at the lows,and prices pick up.
3.The higher prices however attracks MORE SELLERS,
and prices RETEST OLD LOWS.
4.Buyers then once again tentitivly REENTER.
5.The better prices though, once again attract MORE SELLING.
6.(a)Sellers are noe in controle and push through the OLD LOWS of the pattron.
(b)While the previous buyers rush to dump their
positions
As per descending triangle pattern, break down point comes at around 5650, am i right?
Desending triangle is generally considerd as BEARISH useually found in DOWN TREND. Are we in the downtrend? What time frame?
hello friends
is there any latest news about US cliff situation??
thanks.
New Post Done.
@Parimal: How did you arrive the target?
Post a Comment