1.A 5 wave Impulse of the same degree;
2.A 5 wave Diagonal of the same degree( as I am looking at it as the last sub-wave of either W3 or W5 of higher degree);
3.This 3 wave Corrective of smaller degree may be part of a Corrective WXY wherein W & X have ben played and Y remains and after this WXY we may come up as an Impulse or Diagonal to cross 5541;
4.This small Corrective may be beginning of a Corrective of higher degree.
I have always maintained that EW gives very sharp points as far as exit is concerned.Now this exit can be either a Stop-loss or squaring off.
Now lets take tomorrow's example with following chart:
Two important points in the above chart are:
Top of sw1=5510.45;and
Bottom of sw2=5488.25
If sw1 top is not breached,then sw5 upwards will do minimum 1.62*sw1=43 points as a normal wave with Extended sw5.
If 5510.45 is breached then chances of a Diagonal being in play would come into play with sw4 overlapping sw1 but not going below 5488.25 and then coming up to do an sw5>sw3.
And if 5488.25 is also breached then following option would come into play:
In this option,the downmove from 5541 is seen as continuing as 3*3*3(or WXY)wherein W=5541-5484
X=5484-5530.8
Y down to take any 3 w corrective form(not necessary to be a ZZ).
And in this option important level(as Stop loss is 5530.85)
In view of the three probabilities how to set up a trade?
As you would have noticed,upside being mentioned in first two probabilities is 45+ points.Which to my understanding should not go above 5575[(v) of SW5 can not do more than 425% of (i)=55].
Set up a trade based upon opening vis-a-vis the above mentioned levels and risk-reward.
Raghu
sir,
ReplyDeletePosted by Raghuvanshi at 7:29 AM
not india time/out side india?
thank u for ur analysis guruji.i consider myself lucky having
ReplyDeleteread ur analysis. guruji now some other counts are applicable
as 5575 is crossed. in such cases will it be possible for any of
authors of this blog to give a brief update if not in charts then
atleast it text.
Dear Piyushji,hope my today's post answers your query,though I had mentioned in my last post also that we have only two solid reference points in this Impulse to build our wave-count on--one 451 and the other 4588 after that the continuous gap-ups only make the sub-fractals harder to fit and on the basis of Fib percentage,sub-wave forms and momentum I try to "fit-in" the counts into broader picture.
Delete5575 importance was upto that extent only---its getting crossed in the opening itself told everyone that "it was not fitting-in properly into th broader picture".
As far as any-one in this blog(our outside it) giving you an "update" which is perfect----that may be a utopia.The clearest picture would be drawn by only one person and that is YOU yourself.It has been the understanding of me and my Guru Wave-rider that all we should do is to introduce and illustrate the concept of EW to interested people.After that it is upto them to sharpen it for their benefit and we have a long list of people now--including you--who are using it(whether fully or partially,its their choice).
AAAAAh--lambi baat ho gayi---- baaki phir kabhi--good bye--
ok guruji.
Deleteearlier there was 1 word in verification now there r two :-)
ReplyDelete