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....
-
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...
4 comments:
Good Evening
Gd evening master
Iam reading n rereading the heading .
But couldnt get the full meaning.
Master/ seniors please elaborate if possi le. We r approaching the weekend with strong technicals. Except fr a close below day pivot , n long existing negative di ergence in day ma cd , what else is to. Taken care? Thank yu.
Namaste Ilango Sir & Blogmates,
BBullish: A perfect consolidation day after the huge up-move with the 6800PE writers adding huge, Bulls though booked some longs but are still very much in control of the index....: Option Analysis for 10-04-2014
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@ durga,
Okay said...
@Master,
Is B exceeds A (am assuming that this is still B), what is the maximum retracement above which B is ruled out?
I thought it will be 1.38 (ie 6820). Is this understanding correct?
April 9, 2014 at 3:08 PM
Ilango said...
@ Okay,
There is no guideline to it. It depends on the sentiment/ events surrounding it.
BN behaves like an impulsive upmove. Co-relating it to Nifty, consider this rise as impulsive till 6815-25(tomorrows R1) and watch the developing technicals as well as last rise retrace.
April 9, 2014 at 3:14 PM
Post a Comment