Yesterday,Piyush asked:
Q
for subwave 3 frm 5327
'5417+16=5433 so minimum done'
how did u calculate this
UnQ
Let me reproduce the concerned Chart:
.png)
As there was a gap up,fractals for sw3 were not possible.
But I had mentioned in my post the following forms of Impulses as they appear in real market( in addition to the theoretical 5 sub wave Impulse & 5 subwave diagonal)
Whenever there is a gap-up or down,the Impulse gets completed in following way:
Now if you co-relate , you will find the real-time chart pattern resembling the 3rd form shown above where the gap-up Impulse is ending with a Diagonal where sw1<sw3<sw5.
These are my observations and I am trying to fine-tune them.So reject them if you donot find them useful.
Now lets come to today's trades:
Pre-open:
Where do we stand?
.png)
The B we are currently in,can retrace 80% of A=5629-5171=458=367+5171=5537.
This B has fanned out as a zig-zag abc wherein so far:
B(a)=5171-5419=248
B(b)=5419-5327=92(37%)
B(c)=5327-5437* has to to minimum 5480(=0.62*A)
Thus broadly B shall end up in between 5480-5537.
How we have opened:
Minimum Target met. As per ones conviction,one can try to catch the top and start taking short positions with Stop-loss at 5541.
.png)
Let's observe which of the two options gets followed:
.png)
And the verdict seems to be in favour of a revisit above day's high. And that would be th point of taking positional shorts.
.png)
11.20 AM
11.52 AM
That means B is over and C has started for its journey below 5171.
Best of luck. SL for shorts at 5498 now.
12.27 PM
1.30 PM
Best time to short
2.30 PM
2.55 PM
3.10 PM
EOD:
Formation of a very clear 5 wave down from day's high at 5498 to 5438 is the first indication of top formation for wave B at 5498.
Corrective to this 5498-5438 has also been played out as a 3 wave form 5438-5470.
Now to me minimum 5425 is assured. If we test 5370 tomorrow then that would confirm the top at 5498.
Shall discuss other probabilities in my EOD post
Raghu
Q
for subwave 3 frm 5327
'5417+16=5433 so minimum done'
how did u calculate this
UnQ
Let me reproduce the concerned Chart:
.png)
As there was a gap up,fractals for sw3 were not possible.
But I had mentioned in my post the following forms of Impulses as they appear in real market( in addition to the theoretical 5 sub wave Impulse & 5 subwave diagonal)
Whenever there is a gap-up or down,the Impulse gets completed in following way:
Now if you co-relate , you will find the real-time chart pattern resembling the 3rd form shown above where the gap-up Impulse is ending with a Diagonal where sw1<sw3<sw5.
These are my observations and I am trying to fine-tune them.So reject them if you donot find them useful.
Now lets come to today's trades:
Pre-open:
Where do we stand?
.png)
The B we are currently in,can retrace 80% of A=5629-5171=458=367+5171=5537.
This B has fanned out as a zig-zag abc wherein so far:
B(a)=5171-5419=248
B(b)=5419-5327=92(37%)
B(c)=5327-5437* has to to minimum 5480(=0.62*A)
Thus broadly B shall end up in between 5480-5537.
How we have opened:
Minimum Target met. As per ones conviction,one can try to catch the top and start taking short positions with Stop-loss at 5541.
.png)
Let's observe which of the two options gets followed:
.png)
And the verdict seems to be in favour of a revisit above day's high. And that would be th point of taking positional shorts.
.png)
11.20 AM
11.52 AM
That means B is over and C has started for its journey below 5171.
Best of luck. SL for shorts at 5498 now.
Best time to short
Formation of a very clear 5 wave down from day's high at 5498 to 5438 is the first indication of top formation for wave B at 5498.
Corrective to this 5498-5438 has also been played out as a 3 wave form 5438-5470.
Now to me minimum 5425 is assured. If we test 5370 tomorrow then that would confirm the top at 5498.
Shall discuss other probabilities in my EOD post
Raghu
wah guruji,
ReplyDeletethough i have read ew in books but didnt know
how one can apply to unfolding market. but by ur
efforts i can see how scientifically u approach
waves just considering what is happening and never predicting.
u can easily substitute "i" written here with thousands of people knowing some ew and many following ur blog
Very lucid & educating on EW............
ReplyDeletewud be swittching from EWIndia as Harpreet had gone "PAID".
Your more recent up dates during the market are most WELCOME.
Targets achived.
Regards
It feels nice to get appreciation ---"dil to bachcha hai jee---"
ReplyDeleteHHHHH
Thanks friends for your kind words.
And remember what Naagi said long back--"we shall NEVER go"paid"
Highly apprecicated.
DeletePlease create a "Paradox fund" where one may contribute 'a token of love' out of one's earnings VOLUNTARILY.
GURU JI PRANAM....5440 NS NOT BREAK STILL WE GO FOR SHORT.
ReplyDelete(i)=5497.75-5470.45=27.3
Delete(ii)=5470.45-5484.9=14.45
(iii)=5484.9-5440.4=44.5(163%)
That is why I said my confirmation has come.
It may oscillate up again but all rises to be shorted now.
Hope you understand now
very nice efforts and a fitting answer to elliott wave critics. pl keep it up sir !
ReplyDeleteWow once again... superb Sir...we r blessed to be here Sir.. Well said piyushji ...
ReplyDeleteguruji,
ReplyDelete5438-5455=17
from 5447 cross of 5475 or 1.62 can be considered as
start of 5 wave pattern from 5438?
Very Nice Work
ReplyDeletemaybe from 5446 instead of 5447
ReplyDeleteSir is it possible to retrace 80% of 5499.4 to 5437.8 i.e. 5487?
ReplyDeleteSir Ji: closing comment please? close this or carry?
ReplyDeleteNo need to close shorts before 5425
ReplyDeleteDear Raghu Ji,
ReplyDeleteThank You Very Much for educating & guiding us.
Great souls like Ramakrishna Paramhamsa, Ramana Maharshi says that
GURU is the one:
Who creates interest on the subject, initiates his students/followers to learn the subject in their own way and he only guides them
AND
He never orders the followers to come up to the level of knowledge he posses but comes down to the level of each student/follower and take each and every student/follower by leading/guiding them at each step, to the level each deserves
This is exactly what is seen here.
Once again Thank You Very Much Sir
On the subject of paying back to Guru Ji,
We too felt it many a times
We have not seen him, We have not heard him
But in his New Year's Day message Guruji said 'Help people who are as lucky as we are' is the guidance we are following. But with our own experience, Please give what ever ever you can with a clear mind that we are not giving them any thing but doing it for getting the immense happiness/pleasure.
Sorry
DeletePlease read as:
'Help People who are NOT as lucky as we are'
Dear Raghu ji,
ReplyDeletePranam.
This is the realtime example of EW which can be applied to short time frame. It was heard that EW applied only for Long Term chart but you proved it that it could be applied to any timeframe.
Words are really very short to appreciate your study and hardwork.
Thank you very much sir for teaching all these EW study with timely update charts.
Good Luck. God Bless you.
Many Regards.
Jeevan.