The wave Y.B(b),shown in the chart on the left, is expected to play out as a Zig-Zag,termed sw1,sw2 ,sw3(of Y.B.(b).Yesterday's upmove 5011-5148=137 was sw1 of Y.B(b).
Today I expect sw2=38.2% to 80 % of sw1 to play out.
That means the down-side is likely to be in the range 5040-5100.
And that's a wide range.
So I would choose the Golden 61.8% mark=5063 as the ideal destination for this sw2.
Then sw3 to the up should start as the last leg of this Zig-Zag-Y.B(b) with the most likely target of sw3=sw1=137=(5063+137=5200).
To say anything more than this would not be prudent.
Best of luck friends.
Raghu
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ReplyDeleteDear Raghu ji,
ReplyDeleteDoes the move from 5147 to 5034 today show and confirm to a 3 wave corrective?
Looks like the YB.b is doing sw2.b as of now and may have completed it today for a fall to 4990 tomorrow. Otherwise, if YB.b finished at 5034 today, then c=a should take nifty to 5170.
Thanks.
Copy Of Post for ready reference :
ReplyDelete________________________________
Dear Raghuvanshi ji !
1.Yes ! I missed that the mention was of 3 wave (b)
Actually the Nomenclature of sub waves as SW, has dragged me in misunderstanding !My Bad !
actually instead of you, I should have gone for a 2nd thought.
2. As I am writing this note after reading your
BOD post of 20th, so please refer to that
post, can you please post here the details of
sub waves of SW-1 of Y.B(b) numerically.
You know, would be helpful in practicing the
riding of waves.
HHHHHHHHHHH
ReplyDeleteLaluji,tussi great ho !!!
sw1 of Y.B(b) from 5011- 5148 was full of gap-up and therefore fractals are not possible.
And I have no hesitation in accepting that my counting it as an Impulse and labeling it sw1 is not based on my ability to count 5 subwaves in it.But on sheer ferocity(indicated by gap-up) and apparent visible form of it.
And I have mentioned it very clearly in my previous post dt. 17.10.2011,that in this sideways move from 4720 (26/8/2011)upwards which I have labelled WXY,all impulses viz.
4720-5169;
5168-4759;
4729-5160 are conspicuous by this very fact.
Raghu
Dear SF,
ReplyDeleteI have tried to take it up in today's EOD post.
Pl enjoy today's "different stroke"