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...
10 comments:
Dear Ilango,
your 9 day RSI seems incorrect. Yesterday it spiked so high, do not think that is possible. My chart indicates possibility of a negative divergence with 9 day RSI...please check your chart.
regards
@vk
its perfect. which charting software u use
amibroker
self confused then confusing others are also part of harassment.
INHS tgt 6009-50 ,
hour t/a completd and closed above dhema,
topping patterns .,etc.
onething master you are best with EW only. thanks
amibroker formula uses ema instead of sma
in rsi which is incorrect. sir uses sma.
try chartnexus for rsi
tomorrow is most awaited day ! fast and furious !!
Namaste Ilango Sir & Blogmates,
(Bullish: Bulls seems to have got the feel of what’s coming out of FED meeting, and they have taken the lead, need to see if they are correct, else Bears will come back strong…: Option Analysis for 18-09-2013
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Thanks & Regards,
Sanjay Kr Jaiswal
Looks like a diamond pattern formed in the chart.
This can break either up(if continuation) or down(if diamond top).Looking at the movement of 9Rsi yesterday, chance of upside break is more.
If so then one of the target possibilities is a Half-staff diamond breakout, which has a potential upside which can equal the movement from the ~5550 to ~5900(around 350 point.
Whoa Whoa ....Fed comes in to save the Indian Rupee...
Gap up tomorrow....:):) Jai ho JNSAR....11 th day running and going strong and still long!!!
thanks Piyush Sharda...I was wondering how I was getting different values
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