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...
29 comments:
NS > 5884 can zoom to >5900
ilango sir,
Is this Double ZigZag ?
Wherein we have completed W & X.
C's A and B just completed.
Wherein Last C of Y is still pending..
Ranbaxy touched TL resistance 515 in 30 min t/f after giving buy signal of 21-34 EMA cross over. waiting for breakout tread.
There was a 5-wave fall from 5886.80 to 5859;
And now, there is a 5-wave upmove from 5859 to 5884(on going). The correction after this would reveal mkt's hand.
Traders who followed "buy the dips" during every fall of 26-49 points would gain till one gets stopped out.
Above 5885, Nifty breaks out of this small consolidating range.
pantloon first reisitance 235 bullish above this
a triangle pattern developing in ns 5 min charts
any dcisive break abv 5887 and break bekow 5859 may give 48 point move either side
Dear master, from 5860 3 waves completed and we can expect intraday it will end with 5th one?
stoppped again at 5887
that means 5 waves completed and closing at 5ema?
One set of 5 sub-waves done from 5859 to 5884.
An irregular correction followed & completed.
Next set of 5-waves have started. SL.5875
or 5th and powerfull one is coming?
all eyes are on FDI debate to decide further direction of market??
After United Spirits now UBL on the rampage 20% up...
3.00PM close would confirm "the return of bullish momentum" with a "close above HHEMa".
Great, looking for new high now
Second set of 5 waves started from 5880; hence the SL should be 5880.
The "second set" will have its own corrections.
"First set had corrections of 12 minutes each with "7 points" as corrections. This should guide you to follow the "second set". It could vary marginally; besides 2nd set is likely to be bigger than 5859-5884(25 points)
Market is sensing what may come on FDI debate and voting.
There is a thinking stuff from which all things are made, and which, in its original state, permeates, penetrates, and fills the interspaces of the universe.
A thought, in this substance, Produces the thing that is imaged by the thought.
Man can form things in his thought, and, by impressing his thought upon formless substance, can cause the thing he thinks about to be created.
If the 4th wave "Flat correction" is continuing to move towards 5855 zone again, "Break of 5880" would be the confirmation.
many many thanks dear sir for your supurb inputs.
Ilango ji,
Bull Momentum still NOT showing full steam
May be this is a ZZ "b" , with "c" down ? view will be valid as long as 5912 RESISTS ??
has anyone the closing avg please
CDG
5889 aprrox
5889.05 and rising.
My Dear Julius
In the Yajurveda (Sivasankalpa Sukta) there are at least seven layers of mind are conceived with great minuteness and passionate details making it quite interesting and serving the higher echelons. these are Visva-manas, Taijasa-Manas etc. which confirms to your ideation.
shall give you details some other day
thanks
closing at 5892
@ shriram,
The second set of "5-waves" shows weakness in its "starting point itself."(Should have stopped @ 5885-86.
5889.25 final great
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