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...
40 comments:
Most of you are observing the price trend quite well.
Validation or invalidation will come from market price alone.
You'll gain in confidence going with your conviction with a flexibility to change your view when market prices demand it.
Dear Sir,
Thanks for update in new post it clarifies all my queries.
@ Ilango
Moving past 5778 looks invalidate that iv is in play and confirm 2 is running. Otherwise, we may see 5618 levels by week end ?
@Anil
thanks for the post...me too little panicked...now normal(sigh)..
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Master,
simple ABC Flat in play ?
C wave of Flat has got sub-divisions of sub-divisions.
apologies,
read iv as v.
Looking at Index, I remember those goood old days of playing SeeSaw in nearby park..:) wondering which side is heavier :P
"You'll gain in confidence going with your conviction with a flexibility to change your view when market prices demand it."
Yup, Big Bow to Market Prices...the moment you think you can predict, your gone!! This was my experience with the Market, so now I have left it to it and am just the follower..Following has its own Surprise gifts now and then...
Thank You Master!!
sir could we say that v is done from 5809 to 5677 and b wave has started
since fall from a wave 6093 to 5967 was 126 pts
c wave has extended and now v wave has already acheived 132 pts
Seems Algos at work
Real Steel action!!
bull trying to hold nifty future & spot above 5781 & 5776
I LANGO SIR
credit goes to you
tera tujhko arpan, kya laage mera
OM SAI RAM
@ illangoji,
pl change low in day in t.t.
Observation & Opinion :
Previous Day High 5752 to day High - Low Retracements,
5759 to 5677 @ 61.8 = 5759
Wonderful struggle of short T/F agains longer T/ F
EOD C > 5752 makes Daily Bar reversal also from Pin Bar Day
Tomorrow who will win ? Longer should will agains shorter one.
Today Close is imp or shorter may surder to day also.
Price agbove 5759 is important today.Short below 10-15 points
high, I-D can give relief from relief rally.
To day High = 5809
Sorry read like that.
@ Ilango Sir,
In 1min/2min charts, fall from 5809 to 5677 is 5 wave but in 5 min charts, fallis clearly 3 waves .
Does it imply nething???
Thanks
RS
So I cannot emphasize the confidence EW gives along with TA and FIBO. It is just amazing the conviction it lends to a trade
Ofcourse today has been a supremely unique day - but EW coupled with TA and FIBO has delivered today what many will call a lottery, but infact is just plain reward a STUDY gives you if you stick with it...
Master Sir - your daily EW has changed the way I trade adn the confidence it lends...
I bow to you Sir...!
Dear Sir,
Is there a triangle in play at the moment. Yesterday's low - a, Today's high - b, Today's low - c, 5765 seen between 12-15 and 12-20 as point d till now. Since height of this formation is about 131 points, is it correct to consider 5546 as the target. Kindly advise me.
Best regards
5808 NF had max sell volume. Crossing this will be the task.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5761, R1-5807, R2-5839, VWAP-5783
Bad News comes in hoards, when the Market is in downtrend, so someone got huge stocks cheap and Market is back in positive with a huge buying tail…
Thanks & Regards
@ Sanjay Sir,
Please guide me about knowing VWAP. I mean how to get this information.
Best regards,
NF today covered it's gap
Dear Sir,
one question. present correction or bearishness from 6209 is a wave C. if not than the current labelling is like ?
sir can we sell below hour jnsar
hi Master , Is this C on of of Flat ABC ?
Sir,
At EOD if possible,pl post your EW labels on 2/5 min charts from yesterday low 5676.
For education purpose only.
Thks.
Bull flag in 2 min chart?
Shriram, please suggest how to identify bo and target of Bull/bear flag?
shriram,
please update target of bull flag in 2mins,'
if I am not wrong its much higher than 5800.
Sir/Seniors,
Price not making lows wrt stoc. on ID 5min charts.
Any hint?
Thks
Sir
Market in trading range 5675 to 5809.
5720 to 60 no trade zone due to whipsaws.
Bears have the mt trend.
But bulls are trying to digest the selling In the st. Will they
Be able to hold the nose of the pin bar is the question.
@SJ, if I take long now also based on Bull flag, so not sure what should be sl. . need to learn... :(
Shriram, missing probably gone for Sappad.
Let him return
Larger bear flag active
http://economictimes.indiatimes.com/markets/stocks/stocks/in/news/Financial-Technologies-drops-over-60-as-NSEL-suspends-trading/articleshow/21525729.cms
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SJK ji:
new low possible.. this last 1 hr action, though lookin like a flag, doesn't seem like a consolidation on the Oscill.
If smaller bull flag or a-b-c up to work Nifty should be baught here with 5700 as SL
+WW may be developing
ns at 5714 levels
may move up towards 5740-45 range and then may again dip for a lower low near 5710-5705 range intraday
and then again towards 5770ns but tomorrow
then again,
as S4S says a +WW is seen now on 2mins
right place to reinitiate shorts wud be as close as possible to 34EMA,30m or DLoEMA ?
Master, pl guide !
New Post Done.
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