Q
A=4720-5169=449
B(a)=5169-4911=258
B(b)=4911-5168=257
B(c)=5168-4760=409(158% of B(a)
C in progress upwards.
On chart it can be seen as:
http://img832.imageshack.us/img832/4355/nifty2892011.jpg
Now this C has to be a 5 wave form with minimum target of C=0.618*A=278=5038
And its progress so far can be seen as:
http://img101.imageshack.us/img101/8888/nifty2dt2892011.jpg
B(a)=5169-4911=258
B(b)=4911-5168=257
B(c)=5168-4760=409(158% of B(a)
C in progress upwards.
On chart it can be seen as:
http://img832.imageshack.us/img832/4355/nifty2892011.jpg
Now this C has to be a 5 wave form with minimum target of C=0.618*A=278=5038
And its progress so far can be seen as:
http://img101.imageshack.us/img101/8888/nifty2dt2892011.jpg
UnQ
And the C continuing its journey finished the sw4 (which was incomplete yesterday) and came very close to ending sw5, testing 5034 but stopping short of 5038.
This C can be seen in charts as:
http://img269.imageshack.us/img269/9563/nifty2992011.jpg
Now what lies ahead? Has W4 ended and are we on the brink of beginning of W5?
Although C=minimum 0.618*A has been nearly accomplished,it would not be correct to say that C has ended. Normally C= A ( and that gives a target of 5208 to C) and that keeps the Probability of going further up very much open.
However,even for that Probability to become a reality we have to consider this set of 5 subwaves as SW1 of C and go down as SW2 of C.
Thus both the Probablities ( one being the start of W5 and the other being SW2 of C) point to an immediate downmove and so tomorrow looks almost certain to end in red.
As we proceed further, the wave forms will guide us to say whether we are in W5 or SW2 of C.
Keep watching and ,if possible, keep contributing as well.
Raghu
beloved guruji,
ReplyDeleteOne thorn in this count as we talked about:-
Q
B(a)=5169-4911=258
B(b)=4911-5168=257
B(c)=5168-4760=409(158% of B(a)
UnQ
Sub-frac "swb" DOWN from 5030-4911 of B(b) is a 5wave
If we cud justify this B(b) as an IRREGULAR FLAT:-
B(b).swa: 4911-5030 5 waves
B(b).swb: 5030-4911- 5062-4968
B(b).swc: 4968-5168
then may be this is valid.
Pls check this angle also
urs
SMO
Thanks Shri,
ReplyDeleteI am blessed to have you by my side as I count.