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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
14 comments:
sir ji,
can u please give the calc for vix range.
how to arrive at the range.
thanks
Sir how to calculate Vix range?
LV
Quite significant numbers for tomorrow;
5195- also 61.8% retracement of today rise from 5119 till 5318
5173 is L4 and L5 at 5080
5197 is H4 and H5 at 5490
If anyone followed cam levels today. . will appreciate it's beauty.
Today L4 was at 5204 and L5 was at 5134.
Today L3 was at 5246 and H3 was at 5329
I am in love with 3 as of now. Ilango sir, JNSAR and cam. . All three rocks.
Typo- tomorrow H4 at 5397
Master & Shriram
In the long time frame
A= 6093 - 5487 = 606
b= 5487 - 5755 = 268
c probabilites are
a=c ie 5755-606=5149
or
a*1.618 ie 5755-980(606*1.618)
now c has done 636 points(5755-5119=636)
i remember you telling C wave is of 3 wavaes and should do a simple abc.
should this raise be taken as d or c.d( if our view has changed...)
if any of the above said d or cd limits itself to 5324 50% of the current fall or 61.8 golden ratio 5372.. how to calculate targets for the next wave...
should i take it as c on the run still or d/c.d....
Teach me pls
Master & Shriram
In the long time frame
A= 6093 - 5487 = 606
b= 5487 - 5755 = 268
c probabilites are
a=c ie 5755-606=5149
or
a*1.618 ie 5755-980(606*1.618)
now c has done 636 points(5755-5119=636)
i remember you telling C wave is of 3 wavaes and should do a simple abc.
should this raise be taken as d or c.d( if our view has changed...)
if any of the above said d or cd limits itself to 5324 50% of the current fall or 61.8 golden ratio 5372.. how to calculate targets for the next wave...
should i take it as c on the run still or d/c.d....
Teach me pls
@ Ashwin,
Learn to follow.
Only when the current labeling gets negated or an alternative label presents itself in a compelling fashion, should we shift our views.
You are looking for prediction.
I never said "C" waves are of 3 sub-waves.
I'm telling you now:
The current "C" wave has been assumed as an impulsive 5 waves from 6229.
c.1 completed at 5566
c.2 completed @ 6093.
c.3, the most devastating one is unfolding presently.
This impulsive kind gets negated if prices move above 5450 in the next 2-3 days.
When you combine higher T/F technicals, there will be hardly any "doubts" about the downtrend.
Our doubts, irrelevant most of the times, prompt us to do a lot of guess work; that is how one gets distracted.
I did not find one reason to doubt this downtrend. Let the price compel us to change direction. Until then, stay with your original view, the simple view.
Master
thanks for the guidance...
" stay with your original view, the simple view "
these words of wisdom teaches a lot
thanks a lot
Namaste Ilango Sir & Blogmates,
(Bearish: Bulls made a huge comeback after being down and out within the first hour of trade, but based on option table Expiry could be around 5300 with huge intraday volatility …: Option Analysis for 28-08-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Thanks Master.
You gave the range and initiated the expiry contest.
Hope, Mr. VKSoni would conduct the contest.
Thanks for your kind support.
Good Night.
Haven't read a better answer,
Salute my Master :-)
C can be 3 or 5. I use to believe that C is always 5 subwaves. Master, in your EW training material you have mentioned that I guess " C- always 5 subwaves" and B always 3 subwaves !
http://tradeinniftyonly.blogspot.in/2010/01/elliot-wave-principle-rules.html
One of the best EW Explanations I have ever seen/heard. Great Master! :-)
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