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...
18 comments:
Good Morning, Ilango Ji
Good morning, Sir and friends..
Aggressive traders may keep a watch on the last rise from "6214"; hence:
6251 6244 ... is 38%-50% retrace of the last rise from …… 6214 to 6274
80% is - 6226
If strength to return again, it should be around 6251 6244
Weakness gets confirmed Below 6244 OR 6226
Namaste Ilango Sir and blog friends
LV
Good Morning,
Happy Disciplined Trading!
https://onedrive.live.com/redir?resid=BE7C624779B57552!195&authkey=!ADZ1ywef_C-YN4Q&ithint=file%2c.pdf
GM Master & JN Family,
Have a gr8 day !
GM Sir and Friends, Re-posting:
@ Raghavendra: It would be perfect if we label the way you mentioned. Thanks a lot for your comment.
@ Chetna:
344.5 seems to be good support. If prices break this as well, then we need to watch out for 336. If break 336 as well, then for sure 4th will be running and 4th shd limit itself till 318 (end of 1st wave)
Also, it seems that c of ii of 5th wave is still unfolding and may be the current one is (v) of c started from 351.70?
Goodmorning master and all friends,
@ master : Hope this msg finds you in best of health and spirit...
GM all.
@prabhanshu, CJ & Ilango master:: i have been following the discussions on TISCO charts and have a question.
What is the level to watch of strength to consider a upmove towards 372-375 and beyond as seen in various discussion? It is bounce off from 344/ move above 349 or more latest levels talked about like 336/318) I know we cant predict for sure. But from wave counts what more looks like it.
Good morning sir and everyone
@ Prabhanshu,, watch out for reversal...!!!! hourly closing showing hammer...still few minutes to go
Sir closing above which level Bullishness tone comes back into picture?
Is it MHEMA-6281 ?
Premium reducing rapidly on the first day of series.
gudmoring master and all frnds
Good Mng Sir and Friends.
@chetna : are you talking about tisco?
New Post Done.
goodmorning illango sir and blogmets
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