Counts , as they stand now:SW1=5400-5202
SW2=5202 upwards in play
A=5202-5326
B=5326-5212
5326-5257=69
5257-5317=60
5317-5212=106
C=5212-5221* in play and should take us to 5212+124(=A)=5336
However,a discrepancy has occured in this count. For a zig-zag SW2( A being an Impulse), B should not have retraced more than 80% of A. However in this case it has retraced 92%. And that has put a question mark.
I advise a SL of 5201 for all longs.
Raghu
ok. thannx for being so patient raguhji,
ReplyDeletelooks like getting closer. if the c wave wud have become a zigzag then we cud label as a wxy. hope i am right now.
so what wud u call this corrective ,
1)flat but wave a of flat is zigzag one level down.
2) complex corrective what is mentioned in pretcher that there are 5-6 forms of complex corrective which is combination of flat,zigzag,triangle.
what is the correction in the figure???
Yes Piyushji,
ReplyDeleteJust bear in mind that
ABC can be a 5*3*5 or 3*3*5 but
WXY can be ONLY 3*3*3
As the Corrective in figure is a a 3*3*5 so it is an ABC and a Regular Flat.
thank u guruji
ReplyDeleteRaghu ji,
ReplyDeleteGood Morning. Kindly look at this count and see if there is something to rul it out.
A: 5400-5202 198
B: 5202-5326 124
C: 5326-5211* in progress and at C=A it may go to 5128, C=1.62A to 5004 and C=0.62A to 5202.
Should not breach 5148 for the impulse to the up to remain valid.
Then to up by 266 points max.
Consideration- this could be fourth wave of the impulse from 5011, which has to be complex.
As the fourth of 3rd fractal from 5034, it can be deep as the 2nd wave was shallow (5154-5086), which it is. The fourth wave of the entire move needs to be shallow as the 3rd was deep at 5148-5034.
Dear SF,
ReplyDeleteAs I had mentioned earlier also, currently the larger picture is not clear to me(since Nifty breached 5328,the higher degree counts have been kept pending)and that is why the downmove from 5400 has been simply labelled SW1,SW2 etc. And that picture remains hazy(to me).
Now , what you have mentioned is:
Q
B: 5202-5326 124
UnQ
This particular sub wave did not look like a B wave correction because of its ferocity & gap-ups.
Lets wait to get a clearer picture