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...
52 comments:
Good Morning Sir & All Friends.
@ Ilango Sir,
Is there any possibility that 2nd has done at 5809 and at which point it confirm ?
Good Morning Master and freinds
Bharti airtel forming many pin bars. Is it going to see any sudden crash?
Sharing some observations :
When we miss the opening high to sell on rise, this last 2 hour low breaking will confirm the "go short again"?
Lets see the (v) unfold now.
Also ,5740/32 (50% retrace of opening range) is now the resistance with triangle apex broken (5 minute) and 120 points from now (the breath of triangle from ~(5800 to 5680)?
@Ilango,
Where does nifty confirm its extention of vth wave? only below previous low@5677?
Since the "5677 to 5775" was of 5 sub-waves(yesterday), "5697", 80% is impt.
Its 61.8% retrace is @ 5714.
Thanks for provide the free nifty intraday tips
Ilango can you comment on 3rd being the smallest in the move between 5677 - 5775
bank nifty and nifty intraday charts are same. any indication?
anandha jee can we short bharti if yes then sl is
ohhhhh...
how great I am..
y'day I said same...I can understand market.....kaua chala hans ki chaal.....crow is walking as swan...!!!
shree said...
5677 to 5775=98*80%=78=5697.......
August 1, 2013 at 2:26 PM
shree said...
so 5781 and 5697...IMP for the remaining one hour.......
August 1, 2013 at 2:27 PM
@ Keep going Shree.
Sir, Shriram
Below 5710/5713, the 2nd wave up / Complex "b" move (part of corrective) is invalidated ?
and now the (v)wave on the way ?
Or is it too early since 5676 / 5697 is still holding ?
Good morning llango sir
Sir ILango ji yesterday sent a mail , when time permits kindly check thnx very much
@Shailesh,
No Short advised on Bharti.Just was asking if anyone tracking this.
what a resistance @ 5722 & 5752.....if crossed then????
cant handle patience....booked...long....good opp was there since opening for both sides....
5761 to 5705=56*50%=28=5733...hits 5730.25......
5739 will hit????....
BN.....10220 to 10070=150*80%=120=10190..hits 10190 crossed
@Shree,
5745 to 5765 possible.Moving above can show more amazing results.
Not for trade but...NF..5835 today????
It seems, only if BNF able to move above 10210 and sustain, the upmove for the intraday will continue
@ Anandha.....
thinking of re-entering.....if opp comes.....
5705 to 5734=29*50%=15=5720.......almost hits...
Ilango descending triangle forming - 5 min chart?
but missed to re-enter..
BN.....10220 to 10070=150*80%=120=10190...hits 10195=125*50%=63=10132......will protect???..61% 10118.....imp
Refreshing myself
"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."
oh....nf getting lower than earlier...entered......now low is sl....lets hope sustainable bounce.....
Varun K well said. Who's quote?
--> back
@ S4s: +WW forming on NS intra ? pt 5 to form near 5700 in next 1 hr or so..
1-4 ETP/ ETA tgt comes to 5750-60 NS from there in next 4, Hr candles
@Shree,
Nifty is making lower lows & Lower highs from morning in hourly charts. Daily charts shows for today it is making Insider candle as prices moving in a traingular formation. Bottom of the traingle could be a good entry price for long.By the time we may see +ve divergence as well.
Decending triangle if confirmed may force retest of the last lows towards 5660.
written on right sie of our blog by Jesse Livermore:-
@ varunkumar
Good refresh from "Reminiscences of Stock Operator"
@shriram sir,
Pls give me ur email id I have some query in my charts
V K I am not a true follower! I am ashamed!
@ Anandha....
NF....on 5 min....draw from 5840 from upper..and from 5701 from lower...you will get the picture clear.....
@ Anandha...
here it is...
http://prntscr.com/1ix4wn
BN..@ 10118
5705 TO 5734=29*80=23=5711......
As said by our master-
Prediction always weakens our determination power.
5738 NF is the VAL ( Value Area Low for the Day)/ 5716 (Next Support Developing VAL for the week)/ Below that 5665 (Good Support +Previous Month VAL). Upside strength can come above 5773/4 (VAL Last Month & Developing POC [Point of Control] for the week).
All for nifty future
in those days good rhythm is there in movement intraday...its a full trading and trending .......
@ jr julius sir
pls check your mail when free.
thanks & Regards
@ Anandha...
though LL & LH.....there is some bottoming.....as you said I am also with same view.....
@ Shree,
See a larger picture on hourly chart of Nifty. Where Shriram sir asking S4S for +WW, it is showing triangle bottom falling around 5676 levels once again.
@ Shriram Sir,
Correct me If I'm wrong.
New Post Done.
@ Anandha..
can you share an image please???
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