Just repeating words from previous post:
Q
Y.A=4728-5160=432
Y.B=5160-5011=149(35%)
Y.C=5011 upwards in play with minimum target of 0.618*Y.A=268=5280
and----- 5328 should not be broken for our higher degree count to remain valid.
UnQ
Raghu
PS: As an afterthought, it is 12.00N dt. 28.10.2011, I recall that the Count for C1 ending at 5328 was based upon Closing values ( as L/H values were not able to fit in the pattern of Expanded Flat for C2),that (closing)value for C1 was 5348.8.
So let's wait to see what EOD brings forth.A close above 5349 would mean INVALIDATION of this count.
Raghuji,
ReplyDeletewot if this move 4720-5382 was a part of C.3.3 (4th wave of C.3.3) ??
urs
Dear Shri,
ReplyDelete1.As you have done a lot of time analysis,just test it whether a corrective wave of the degree proposed by you is capable of spending more than 2 months?
2.Today's gap-up has led to an Island formation,a typical reversal pattern.
3.I need to spend some more time with waves to say anything at this juncture.
This comment has been removed by the author.
ReplyDeleteas far as time is concerned,
ReplyDeleteW4 can do T4 (min) = T3 to T4(max)= 10x T3
Range is too wide for any kind of confirmation ...
Pls check @ liesure, from classic TA angle, 21DMA @ 5018 is the support & 200DMA @ approx. 5423 is the RESISTANCE for this move
urs
Respected Guruji and dear Shri
ReplyDeleteFrom your posts only, counts are correct
Wave C from 5944 downwards--5 wave form--
W1=5944-5329=615
W2=5329-5740=411
W3= 5740-4720=1020(165% of W1)
SW1=5740-5497=243
SW2=5497-5702=205(85%)
SW3=5702-4720*=982(404% )
SW4 4720 onwards can go upto 5497 as its part of SW3 it can enter the territory of W2.
The breaking of 5328 proved that we haven't yet finished SW3. Yes if 5497 is touched then count becomes invalid.
This is what I perceived and learned from your post Guruji.
Regards
UPS
Sorry guruji again mistake correction
ReplyDeleteSW4 4720 onwards can go upto 5497 as its part of W3 it can enter the territory of W2.
The breaking of 5328 proved that we haven't yet finished W3. Yes if 5497 is touched then count becomes invalid.
regards
UPS
Dear UPS,
ReplyDeleteThanks for sharing your perception.
Q
Wave C from 5944 downwards--5 wave form--
W1=5944-5329=615
W2=5329-5740=411
W3= 5740-4720=1020(165% of W1)
SW1=5740-5497=243
SW2=5497-5702=205(85%)
SW3=5702-4720*=982(404% )
SW4 4720 onwards can go upto 5497 as its part of SW3 it can enter the territory of W2
UnQ
Actually I perceived the W3 to be over at 4720 because
1.In the sw3 mentioned above(5702-4720)it was not possible to make out a coherent 5 sub-wave form(primarily because of frequent gap-downs)and one had to choose(on the basis of Fib Percentage)whether 4720 be taken as end of sw3(of W3) or W3 itself.
I decided to take it as the end of W3 because sw3> 400%of sw1 was very rare(and it made more sense as W3=165%of W1).
Then as the wave proceeded,its retracing above 38.2% and then 50% also tilted the balance in favour of W4( as sw4 it should have retraced 38.2% of sw3 as sw2 had retraced 85% of sw1).
And then,finally, on time scale while a W4 can keep on playing for 2 months,for sw4 to play on for so long did not look that prudent.
Anyways,technically sw4 can still be in play but ------- the conviction level would be much lower