As is clear from the above chart, SW2.B(b) is in progress and is likely to take Nifty past 5305 but unlikely to go above 5326.
SW2.B(c) to come down and most likely would be equal to SW2.B(a)=69;
SW2.C to go up and most likely to do(=SW2.A)=124;
THUS ONCE AGAIN WE ARE LIKELY TO SEE A SWINGING DAY,BETWEEN 5240 AND 5340.
Raghu
Dear Raghu ji,
ReplyDeleteThe count from 5201 to 5326 is an impulse? Please give the fractals.
Thanks
Sekar
Raghu ji,
ReplyDeletePlease confirm the data in wave from 5201 to 5326
---------------------------------------
In signals.com, the W3 also ends at 5325.8 and w5 also ends at 5325.8.
By chart nexus day chart, the opening is 5325.4 and high is 5326.45.
In bazaartrends,3 min chart 9.15AM shows 5322.85 as end of w3 and 5325.6 as end of w5.
Please provide the fractals for 5201-5326
Thanks
Sekar.
Dear raghu ji,
ReplyDeleteQ
But on having a look inside this 5326-5252, I can safely say that SW2.B is still in play and has played only:
a=5326-5257
b:
5257-5304
5304-5252
5252-5302.5* in play and likely to go above 5304
c: downwards--yet to start
unQ
Please explain how you concluded still b(5257-5304-5252-5302) is in play.... wave forms or as you previously said till 138% , 'b' can still be in play...
Thanks
Sekar
this has been posted on 8th begining post of urs. reposting here for ur convenience
ReplyDelete---------------------------------------------------
thank u raghuji,
please let me put what u have said in my words.
this can be labelled as wxy with w as flat, x zigzag, y as 5 wave. its frm pretcher pg 65-66.and correction ends at 5 wave c as shown.
one ew expert few months advised me it cant be because
1) x wave is corrective, usually a zigzag connecting 2 correctives . here its connecting corrective and impulse.
even in my reading of correctives in pretcher i figured out what he has written abt corrections. he has shown that it can take form of a flat,triangle or zigzag. when it extends its flat+ triangle+zigzag. out of 9 possible combination he has listed 5 or 6 that has been observed and that occur.
nowhere he has given this type of correction as in what i uploaded.
is my understanding correct guruji??
Dear Sekar,
ReplyDeleteMy understanding of EW and consecutive labeling is based on two pillars:
1. Fib percentages
2.Wave form
A confirmation of the two above pillars independently is the real pleasure but such copy-book pleasures are not always available, particularly in case of gap-ups & downs. Also,high momentum Impulses may not always show full 5 subwaves. So an EW practisioner like me can not simply keep waiting to find 5 subwaves to declare a wave as an Impulse.To me, fast & furious, big momentum form is an Impulse(and mostly 5 subwaves are hidden in gaps).
And whether it was 5326 or 0.25 more/less , I use nseindia.com data.
Your initiation into EW has been complete, you have to now put it to action. And if you feel 5202-5326 is not an Impulse --- who am I to contest it?
HHHH
I wrote
ReplyDeleteQ
Even in the figure illustrated by you this C can continue to play out a zig-zag and then it would become a perfect WXY with W becoming a Flat,X becoming a zig zag and Y becoming a zig-zag again.
UnQ
and let me say it explicitly,
"Y CAN NOT BE A 5 WAVE FORM"
Thanks Raghu ji!!! Its a pleasure to get your reply!!!
ReplyDeleteSekar