Q
This W5 shall be a 5 wave form and it is most difficult to say where sw1 and sw2 of this w5 shall end.
So far:
sw1=5168-4908* where it would end I cannot say,particularly in the light of today's gap-down and momentus fall which has not made any fractals.
UnQ
Today it seems sw1 of this W5 ended at , courtsey Shriram's posers (pl have a look at the comments) I have to make a change here, at 4830 .
sw1=5168-4830=338
sw2=4830-4930* and as this move was a clear 5 wave form so sw2 is not over as yet.And we can label its discernible fractals as:
a=4830-4930=100
b=4930-4857*
This b can do upto 138.2% of a (if sw2 chooses to make an Expanded Flat)and then c to the up;
or
can turn back as c to the up from here itself(if sw2 chooses to do a zig-zag).
However,in both the case , a visit above 4930 is most probable and then a turn around to the downmove as the most fast & furious sw3.
Have a nice week-end.
Raghu
dear guruji,
ReplyDeleteQ
b=4907-4830=77(128%)
UnQ
Sub waves within this B do not support a ZZ
b.swa 4906 4877 -29
b.swb 4877 4886 9 -31%
b.swc 4886 4829 -57 197% (more than 161.8%)
How are u counting this "b" ?? Can u pls give the sub waves pls
urs
Dear Guruji
ReplyDeleteAatmapranaam
Thanks for the suggestion of the plain vanilla counts. Indeed this C5 seems to be keen on doing much more than the initially projected 615 points.
Assuming sw3 to be a furious one and the longest one, this will ideally do 1.618 times sw1 giving us a target of 519 points to DOWN from the point where sw3 starts. The most plausible length of the downside seems to be 2.618 of sw1 i.e. 840 points from the start of C5 giving us a potential target of 4329
All I have for you right now is the Attitude of Gratitude with the way you keep things simple and guide us with your insights.
[and yes - I still remember your point - 1 leher 1 time]
Jai Bajrang Bali
Dear Shri,
ReplyDeleteBaat to aapki theek hai--
I calculated only the percentage part and my (aging) eyes could not count such a small degree waves--
Anyways sw2 is still on--- lets see how & where it ends.
Best of luck
Raghu
guruji,
ReplyDeleteIndeed, sw2 may be ON, in all prolly count can be looked @ thus:-
5.sw2:
a: 4829-4930 = 101 pts (3 waves)
b.swa: 4930-4867** = 63 pts in play
b.swa can do ruffly 4840, and then up thru b.swb & so on ..
monday dekhte hein, have a great weekend :-)
urs
SMO
While I agree with
ReplyDeleteQ
5.sw2:
a: 4829-4930 = 101 pts (3 waves)
b.swa: 4930-4867** = 63 pts in play
UnQ
what b will do has some more probabilities--
depending upon whether sw2 turns out to be a flat or zig-zag. Would wait a little to take position for sw3--
:-)
And was happy to learn that it was your "best trading week"--- and it shall become better than the best as we move ahead-- HHHHHH
Raghu
sir,
ReplyDeleteaapka fulltoo-phatak bole to itna dhing chak blessing mil gaya,
aur kuch nahi mangta apun, life set ho gayeli hein ;-)
Dear sri Raghu
ReplyDeleteI accidentally saw your blog.In the past I never understood the waves and its behaviors. But what is helpful to a novice like me is to get to know the counts better than before as you are making it simpler if not simplest to say the least. I need to continue to follow your counts and get to learn better.
One question to you, whether this will be applicable to index only or might be apply to stocks too.
Thanks for your great gesture in sharing your profound thoughts on these counts.
Regards
Srikanth
Dear Shrikanth,
ReplyDeleteWelcome to EW club.
Yes EW works well with stocks also.Why only stocks,it works with commodities as well.
To know more,do visit elliotwave.com link for which is available here.
Raghu
Dear sri Raghu,
ReplyDeleteAs I thank you for your prompt reply, I will start to look into elliotwave.com link sent by you.
A request to you
Please bear with me for any future elementary and novice queries
Would request your email Id so that I can reach you there once a week
Regards
Srikanth