Guiding light would be:
.png)
.png)
There is one more probability but that would be discussed as we proceed further. Length of C3 would be opening/closing various probabilities.
And indicaters,howsoever lagging,have also shown bullish break-out:
(i) Closed above 5 Hour HighEMA;
(ii)MACD & Stochastic have shown positive cross-overs
SL for longs at 5190.
Rest as we proceed. Keep observing the EW counts and Indicaters chart as we proceed further.
9.30 AM: How have we opened?
.png)
10.42 AM
.png)
Get ready for new day's high
SL for longs now at 5208.
11.03 AM
HHHHHHH--very happy with myself---
Length of (iii) will define further Counts:
.png)
11.35 AM
.png)
12.45 PM
(iv) seemingly over at 5222.
(v) to do minimum 85 points .
So minimum target for (v) is 5222+85=5307
.png)
1.10 PM
TSL for longs at 5222.
.png)
2.37 PM
Nearing the target---
.png)
But stochastic not yet in overbot zone---so take a prudent decision as to when to book profit on your longs---
3.15 PM
.png)
.png)
.png)
And indicaters,howsoever lagging,have also shown bullish break-out:
(i) Closed above 5 Hour HighEMA;
(ii)MACD & Stochastic have shown positive cross-overs
SL for longs at 5190.
Rest as we proceed. Keep observing the EW counts and Indicaters chart as we proceed further.
9.30 AM: How have we opened?
.png)
.png)
Get ready for new day's high
SL for longs now at 5208.
11.03 AM
HHHHHHH--very happy with myself---
Length of (iii) will define further Counts:
.png)
.png)
12.45 PM
(iv) seemingly over at 5222.
(v) to do minimum 85 points .
So minimum target for (v) is 5222+85=5307
.png)
TSL for longs at 5222.
.png)
Nearing the target---
.png)
.png)
Raghu Ji,
ReplyDeleteThank you very much Sir
raghuji
ReplyDeleteas usual bang on :::: thanks a lot for your superb work which provides us with guiding light.
Happy to see only with EW you are doing wonders...thank you Sir..
ReplyDeleteguruji,
ReplyDeletec1 5136-5378=242
c2 5378-5184=194
c3 shud be greater that 0.62*242 or 5334 atleast
it is right approach
Dear Piyush,
DeleteC3 normally is very fast and furious.
But the way current C3=5184-5297* has moved,we have to look for alternate labels also---.
I shall try to cover these probabilities in my next post.
To answer your question--- the 3rd subwave from 5136 has to be like:
sw1=5136-5378=242
sw2=5378-5184=194
sw3 has to be minimum 0.62*sw1=150=5334
( I'm deliberately not calling it C3 as it may be sw3 of C1 where C may paly a 3*3*3*3*3 diagonal so we may see a C1=5136-5334*(=298) with C2 again going down by 62%(184 points) to 5150.
This is the reason I keep on insisting,we must follow one wave at a time---
Today nifty danced exactly to the tune & choreography of Raghu Ji's EW
ReplyDeleteThanks Satya,Vineeta & Prabha for your compliments.
DeleteHowever,I request you to go slow on these and try to understand EW on your own. Best of luck.
Raghuji,
Deletewhen w4 entered into the territory of W1, at that point too were u sure that it is goin to turn into an impulse w5 ?
Dear Waaquar,Yes I was sure ( and you can see it in my 11.35 AM post).Reasons also mentioned therein. Infact,in the post prior to it also I had mentioned that the length of (iii) would define further labels.
DeleteAnd to top it all--I had my SL ready at 5222---HHHHHH.
And this is the best thing about EW--it gives very sharp entry/exit/SL points.
Jaise even at 3.15 PM I was sure that upmove is not over as 5307 (minimum) not tested.
This comment has been removed by the author.
ReplyDeletedhanyawaad guruji
ReplyDelete