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...
38 comments:
ilango
10:13 AM (2 minutes ago)
to JustNifty
Please post "New Post Done" in Nifty Pre-Market View post since I am not able to view the blog but able to edit & post.
Best wishes
Ilango
We can post our queries on JN Google Groups for the time being
Thx
Good Morning,
ORB broken down, first warning for JNSAR.
I'm available now.
@ Raman Kapoor,
To identify OB with weakness:
9-Rsi reverse from above 80 mark & trigger below its 9 sma.
35 Hr Stochastics above 80 & reverse & triggered.
Fast macd turns down.
And prices below either 21 or 34 Hr sma.
With the help of EW pattern completion, the above or few of the above would provide taking aggressive trades especially for intraday.
NS Day low @ 6051.05.
Stop loss for JNSAR long trades : 6068 - 20 points = 6048 NS
Hi All,
Seems like Bull flag in making in 5mins Nifty spot.
BO abive 6063, t1-6090-6093, SL - 6048, after bo is done.
Thank You Sir,
I am always comfortable with the technicals such as RSI, MACD and Stochs and more recently with JNSAR. EW is highly complicated for me. I think I'll never be able to fully understand EW.
Dear ALL,
Namasthe.....
if the fall is abc , then a=c comes in at 6050 -also keep a watch on retrace 61% of last rise from 6035 to 6080 (ie. 6053) - below 6053, may attempt 80% retrace to 6044 - below 6040 - more lows can come
@Master: I too agree with Raman Kapoor. I never really got to understand Elliot wave theory since is way above my understanding capability. I am happy with simple technicals like RSI, MACD, JNSAR & EMA. I rely on your expert advises on mkt predictions backed by elliot wave theories.
I know that you want your followers to be independent & but sorry master, I tried, but I cant get to understand elliot wave theories.
@ Prabhanshu - Bullflag B.O is above 6080 bro ! How did you calculate break out abow 6063 ?
@ Raman Kapoor ,
Start with channels....for each segment of price rises & falls initially.
Elliott's wave identification is based "mostly" on channels.
Master,
C completed at 6080 in the morning ( a - 5933 -6048=115), b -6048 -5965 =115;
c=a , c = 5965 +115 =6080
is that correct understanding
A normal correction should have ended @ 6051 for newer highs with time taken so far.
Hence, weak below "6051".
If u r lucky to have a beach in ur town...
Sit on the beach on a peaceful night in a comfortable posture...
Take deep breaths slowly and softly...
Watch the waves rise and fall...rise and fall... rise and fall....in different sizes, speeds, and sounds....but in a pattern...in a rhythm....
Just watch the waves....Just watch the waves......
After a few days ....
Close ur eyes adn try the above with with ur minds eye......
Then try seeing the days Nifty chart and the sea waves alternately.....
.....A very effective primer for learning EW....:):)....Am on to it....:):)
Good morning Ilango Sir and all the Blogmates!
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6031, R1-6086, R1-6124, VWAP-6085
A gap-up around 6090NF, but the Bulls not aggressive enough as addition at 6100CE is the highest till now, range bound day possible if high is not breached…
Thanks & Regards
Hi TJ,
Prices breaking the upper trendline (joining higher highs) to the upside, is the first sign of breakout. I observed that this shd be around 6063.
Another clear signal of a "Bull flag" breakout occurs when prices trade above the recent "swing high" i.e. 6080
Weak below "6055".
thank u master for regular up dates
@ dinesh,
You're right about a=c, though we labelled it differently.
Hi TJ, typo error, please read as (joining lower highs)
--> back
Fall from days highs having HiFreQ signatures all over... Decepticon ;-)
@ shriram
What that indicates.
@ Iris
Hi-prob Bull Flag . B.o > 6069 NS
@Master if you find time can you pls give your views on AuroPharma. thanks in advance
@Shriram ... you have always idenfied HiFreQ signatures and you had also referred to some Signal processing books , however for laymen ..what are the signatures ... visual or simple to understand
Nifty in ND Sir's ATR Sell zone now
@shriram
nifty is dancing to ur tunes... targets pls
@ SME:
Wills Wilder came up with RSI , based on sheer power of obsv. For normal trade, can use RSI / SSTO Divergences for identifying Bull Flags / Bear Flags (ABCs / EW correctives)
However, the root of Indicator maths lies is Signal Processing.
Its like FM RADIO
ABC correctives on any T/f --> HiFreQ Noise (FM carrier)
Trend (5waves) on any T/f --> Low FreQ TREND (Melody of Singer)
To hear Melody of Trend , we have to filter out / Remove HiFreQ noise
@ Squander:
Its not triggered yet, Tgt is 6069+ 28 = 6097 NS (once we get a 5min close > 6069)
@ sudharsan,
Auro Pharma started its ascent from 80 and its 3rd wave started from 101 and its 3.iii is in progress . Holding around 465-475, it would complete its 3.iii with another high in the days to come. Presently a retrace for a rise from 408 to 539.85 is on.
Alternatively, it could be concluded that 3.iii is completed and 3.iv wave correction is on. Look for retrace for the last rise from 138 to 540, preferably around 400.
@shri
thanks dude
Master Thank you for reply
New Post Done.
Thanks sir
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