So now that we are Counting the retracement ABC of Impulse 5400-4639=761 as an expanded flat,capable of doing upto 5276(A=4639-5100;B=5100-4532;C can go upto 1.618*A);
most plausible retracement levels of Impulse 5400-4639=761 are:
61.8%=5109
76.4%=5220
And,in continuation we can count as:
And both the Counts point to 5150+ range minimum with internal retracements,even if deep,remaining limited to 4940 levels(which can be used as a good stop loss for longs now.
So advantage bulls continues-- and buying at dips should remain the trade bias.
Raghu
guruji,
ReplyDeletenow since our long term counts have changed i have a question (though not very relevant immediately)
in zigzag u say c shud be max 1.62a. is this applicable in double zigzag count going on from nov 2010 6338?
if so then a (6338-5178=1160 points)
max limit of c= 5740- (1160*1.618)=3863
if it falls below 3863 a flat from jan 2008 is forming.
is this correct way of looking at it??
The most fundamental part of EW is that at all degrees,final pattern is available only after its completion.Till then,only probabilities.
ReplyDeleteAnd you have mentioned just one of them -- not very useful in daily trades.
Raghu
dhanyawaad guruji
ReplyDelete