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...
42 comments:
pre-mkt
ns:5742/5750/69<5780> 97/808/15/27/35
nf:5756/63/82<5793> 5807/21/27/40/47
June 12, 2013 at 9:15 AM
Camarilla Update - Nifty Spot
Trade#2 SL hit if taken aggressive L3[BUY]@5765
now if
ns< 5742 then 730/20/14/700
nf < 5756 then 742/730/10
Jai ho, Sir. Your comments even in "Silent Mode" are guiding us.
- Intraday longs failed.
- Now again sit tight, keep sitting and ride the Slope of Hope- wait for 5725/5700 and if a century made today-> 5665?
Down move Negated above : 1st at 5780 and then Pivot/DLEAM 5810/20 ?
sir ji,
trying to be consistent , by
just catching NOT the top or bottom,
BUT part of the range.say 1/3 rd
Camarilla Update - Nifty Spot
Now@Scenario#3
L3@5765 ↑
L4@5741 ↓
lows so far shown in charts is 5740.95
but value of days low showing in google is 5738.6
Nifty at ATR buy zone which is at 5743 to 5716,
ATR breakdown level is 5716
last 30 min is a pin bar?
Nifty bounces 20 points from ND Sir's ATR Buy zone
Blog Members,
A downwards sloping trendline has been broken in 2 minutes chart.
Point : 5784,5779,5771
Thanks,
Renju.S
yes 20 points up
5790 will target near 100 min EMA in 5 min charts keep sl.
Same in 5 minutes too
5783,5779,5771
So these points are going to be next resistance from an Intra day point of view.
L3 DAY!
cosider going long nf
aggressive > 5780
and conservative > 5790
**can consider**
agar aaj hi sara fall a jayega to friday ko kya karega market... so have patience. Cheers.
showing little bit of resistance at 5771
5796 ns - 61.8% retrace of 5830-5741 ns.
5812 ns - day pivot & 80 % retrace of 5830-5741 ns. Above 5812ns, 5830-40 may be possible.
Camarilla Update - Nifty Spot
L3[BUY]@5765 reached partbooking number 5785.
suresh,
just want to share my thoughts. Whatever we buy now, it should be considered as only aggressive only. Conservative buy may happen if sustain above 5870-80 ns level.
1.00PM TT & Chart updated.
Ilango Sir,
Your view about the current bounce at this critical juncture would be helpful for all.
Please break your silence and guide us all..
Thanks
retrace of last fall from 5830 to 5738 are 5795 (61.8%), 5811 (80%), strength above these only
Abhi Ji,
Yes, above 5812NS, 5840/50 may be possible. But then a place to short again.
Thanks
Renju.S
Renju Ji,
That would be a place to short. We need to see market momentum there to decide.
Nifty gave 45 points bounce from ND Sir's ATR Buy zone
if sustain above trendline then 1030 min EMA of 1 min chart is at 5822 also possilble keep sl.
a small +WW developing in ns 2 min charts(though not symmetrical but still a valid pattern)
trgt:5792 near 2.40pm
cmp 5748(pt5 formed)
June 12, 2013 at 12:06 PM
ns did 5792 now doing some retracement
cmp 5776ns
may take good support in 5770-67 range and move up again towards 5804 and 5825
Below 5760ns, this small strength may fail.
intra day bull flag, 5792-5739,
pl be careful from being misled some no may come out to correct but
wait 4 master comments
Camarilla Update - Nifty Spot
TSL hit
Get well soon...
plz make it as abc correction from 5793 ns :) and stop here.
nf if < 5770/63 is a short
from 5761 nifty may start another small upmove towards 5798-5804 range
supp in 5755-58 range
below 5755 fall can be swift
G.Afty Master & JN family,
Recalling last week's WW_EW combo view
A simple -WW forming on the intra candles, pt 5 under formation near 5790-5800-18
Lets c how price behaves near the Supply / RES zones
have a gr8 day !
New Post Done.
may develop a small -WW pattern if ns breaks abv 5796 now be4 eod
trgts may be 5746 till tomorrow 10.30am
caution: overnight carrying can be risky
expecting sharp bounce??
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