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...
24 comments:
Hi Hitendra
how bounces are created? they are created after a significant fall/rise when traders book profit. after booking profit, traders wait for right opportunity to re-deploy the fund, this creates consolidation mode.
Camarilla Update : Nifty Spot
Scenario#1
H3@5527 ↓
L3@5463 ↑
Aggressive Traders will use levels Directly.
Safe Traders need Confirmation of Resistance@H3
or Support@L3 using TL or Technical Indicators
before entry!
yesterday Nifty and Sensex were moving in 1:4 ratio, today also seems to be the same.
@DR ji,
Many many happy returns of the day...
God bless you...
Goodmorning master and all friends,
Wish all a Great Day !
@S4S,
is there any +ww formed in nifty?
@parimal,
BOB is ready to bottom out?
Dear sir,good morning.
Hi Nilesh Patil, thanks
will have a look at BOB, a significant stock.
yes, very low, yet to find positive indication like +ve divergence etc.
@Nilesh sir
+WW is developing in daily charts
pt 5th formed
now ns needs to sustain abv 5603ns(lower T/L of WW pattern)
trgts 5780
option data is not supporting this view
if ns do not go below yestedays low today then an upmove towards eod may be expected towards 5557
@Hitendra,
ND Sir's levels can be reached at www.niftyrange.in
@Parimal,
It has a falling wadge or +ww forming. near 50% larger retrecement and 600 is rock solid support.
Anmp:
Gap zone is 5528-5435..
All rises are being sold into, master has said waves may be sub-dividing, though we dont know if its C or 3 right now from 5971
if C, then C=A ,i.e 5523 is done
To simple eyes following count may be unfolding, for further tgts :-
123.8-138.2% : 5416-5352
150-161.8 % : 5300-5246
For reversal from this MT downtrend, min EOW close > Wklo needed
Namaste Ilango sir and all,
Belated Wishes DR Sir :)
@ S4S
can you please give the vertices of the +WW and the TF. Should your sentence read as 5503 rather than 5603??
If the day's price structure is a corrective one, the possible "abc" would be:
a: 5487-5536
b: 5536 to 5490.10 (almost done)
c: 5490+49=5539(approx).
5560 was the strong resistance of yesterday's intraday chart.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5539, S1-5456, R1-5584, ATP-5513, VWAP-5513
Evenly matched day till now after the huge Bear move of yesterday, 5500PE writers are holding on and 5600CE not giving an inch, could be range bound for the time being…
Thanks & Regards
TataSteel at the lowest level on week, day charts
@ s4S,
-ww on intra BN candles... pattern seems cleaner there than on NS
Dear sir, the FII's have poured ahuge sum of money in february when the index was at the top.it looks contrary to the concept of'smartmoney playing' at the top and bottom.it seems that the smartmoney caught trapped by the supremacy of market.pls give your valuable opinion reg this fact.thanking you.
@ Shriram
possibly may move up abv 10970 once and then may dip to retest days lows of 10889 near 1.00pm
what ur views abt -WW???
@ S4s,
similar view
Bn abv 10970
New Post Done.
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