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...
27 comments:
@Ilango
38% of fibo retrace from yesterday's rise done this morning....TT all green even on hourly....can we infer that we are on course to rise above 5950, thereby invalidating the expanding traingle and continuation of the impulse????
@ Indus,
Prices have been firm and no weakness shown in hour TA which is the first to start a reversal.
Till Nifty does not move past 5945 or break below 5905, both the options continue.
Ilangoji,
If it is indeed 5th wave, then W3 being the extended wave wouldn't wave 5 be equal to wave 1 (90 pts)
numchar
ru there?
@ DR Sir
Am always there on mute :)
OBSERVATION & OPINION
Bar by BAR patterns breakot breakdown
FNO 5985---5941
5941 is previous day last hour data.
HHEma for this Hour is @ 5934; closing below it @ 1.00PM would be the first sign of weakness.
Dr Sir !
Diwali :)
5925 is 55ema supp in 5 min ns charts
1.00PM TT & Chart updated.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, VAH:5981, POC-5942, VAL-5903, WVAH:5907, Pivot:5942, VWAP:5966
So as said in the last update, the 5900PE writers are still better off away with huge addition at 8 lacs till now. 6000 is still the resistance for the day and the series…
Thanks & Regards
5900 PE OI reduced and put writers seems covering their writing of puts...
http://www.investopedia.com/terms/h/hangingman.asp#axzz2EGdhDOet
http://www.youtube.com/watch?v=zCkKFGq4zWQ
Dear ilango sir, is negative divergence developing in hourly charts?
If today also moves up fast, then bears even though the charts shows to sell, bears do not do it.
Resisted @ 5950, Exp.triangle top;
Being supported @ 5905, Day Pivot.
Weakness below 5905 & 5890 only.
Dear Sir how pivot is calculated ..
SAM
www.investopedia.com/ask/answers/.../forex-pivot-points.asp
Are yaar BIG 'C' aaya kya????
Thanks Parimal bhai :)
Trading below pivot level,,,
News- Earthquake in Japan of 7.4 magnitude. tsunami warning issued.
Stockgrp: Any news alert for Nifty :-)
rajapvt, that alert already came yesterday from BSP. :)
New Post Done.
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