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Target-1=5175(5 DMA)
Target-2=5224(20 DMA)
And in the Hourly chart below, the Stochastic(21,3) moving into Overbot zone would be assisting our EW counts---
To me ,the march for 5690 has started as wave C
This wave C has to be an Impulse or Diagonal.
Today I shall not be able to provide updates during the market hours as I have to attend to some urgent domestic work. Also My belief is that I have done enough to illustrate the concept of Elliot Wave and how it can be useful in day-to-day trading also. So gradually, I wish to withdraw ---- to give more time to my own trading and to learn some more concepts like Gann calculations as I believe there are not much studies .other than Gann, which analyse time action.
9.45 AM
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Best of luck !!!
Raghu
1.45 PM
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Look at the 5 min charts above--- until & unless we learn to co-relate the momentum studies with our EW counts, we shall not succeed as traders.
I am committed to this blog--shall be available to guide--- donot worry--- concentrate on learning and earning---
3.20 PM
First day of my Bull picture and convictions are getting tested to the full.
Usually an impulse does not get retraced by more than 80% though theoretically it can retrace 99.9%
15 min charts gave me an answer.
5th subwave of Impulse 4988-5124 got truncated today at 5115.
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EOD:
I have to find an answer to the followinhg question:
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My labeling of yesterday's upmove from 4988-5124 as an Impulse was Incorrect( what can be the alternative?)
And then there is this Price-RSI diversion to be looked into:
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See you all later--
Raghu
Raghuvanshi ji thankz for veluable wave counts..
ReplyDeletee lo ji,
ReplyDeletebaccha chalna bhi nahi sikha aur use dhakke mar ke ghar
se bahar :-)
(having said that i can understand guruji that making charts and
explaining them to learners takes up so much time. very few
ppl have courage to even attempt it)
Dear Raghuvanshiji,
ReplyDeleteThere are many more who would like to learn...please do no limit.
I do understand that teaching would be taking up your time.
Kind regards
Jai Hanuman Jee,Raghu Sir,
ReplyDeleteSir, today is Tuesday The day of Hanumanjee, and on this day
you are saying that you wish to withdraw. No No Sir, only after you make a single person as efficient as you, you think of a pause. I persnally go through Gleen Neely, Balan, Robert Miner and meny other books but still i cannot do anything as elliotician. To me it is as difficult as rocket science. I have temrendous respect for you and i wounder as how intelegent a person is who applyes this difficult theory in practice. I can never do it at least. So please think again for the sake of God.
Manish
PLEASE......
ReplyDeletesirji ,
ReplyDeletei also request you to please reconsider your decision..
Raghu Ji,
ReplyDeleteWe can understand the stress & strain taken by you for our sake. But we have not yet grown up as fast as expected by you. Please re-consider your decision
please do reconsider.....better stop answering queries......but do take time to give important levels and turning points
ReplyDeleteI think the point that Raghuji is trying to drive is that not too many charts and intraday updates will be made during trading hours;
ReplyDeleteWe have quashed apprehensions that the waves are definitely not Idiot Waves and there is no fool proof method in trading and investing. Also a lot of queries that come in here are well covered in the EW materials [common globally in Bob Pretcher's book] and a lot of readers are not taking that extra effort to re-read the materials and try re-analyse charts on various time frames
Bottom-Line: This blog is not a school for teaching EW [simply because we are ourselves not very proficient or experts - maybe marginally ahead of beginners] The best school is to subscribe to the EW courses directly from EWI's website or take the hard way of trying to count 3s and 5s and live with the fact that there are occassional falls that happen; it happens when we learn to ride a bicycle, motor bike and likewise with trading the waves as well.
Last but not the least, each contributor on the blog is first focused on improving his own trading efficiency. The tools he uses for that analysis is shared here and how a reader decides to take it forward is upto the individual - HHHHHH
raghusir
ReplyDeleteplease do not discontinue your blog .your blog is a guiding tool for us
vineeta
raghusir
ReplyDeleteplease do not discontinue your blog .your blog is a guiding tool for us
vineeta
Dear sir,
ReplyDeleteit looks like to me is more down side is pending but 5133-5180 also we can see in 1 or 2 day's...how..?
ans is:
wave1 5279-5189
wave2 5189-5215
wave3 5215-4988
now abc correction
waveA 4988-5124 (136)
waveB is on 5124-5006* which is almost 80% fibo level.
now next rgr is waveC= 136*1.27=172.72 point max up side.
but waveb goes below 4988 then i am wrong.then this is wave5 has began from 5115 down side max 4944 fibo level.
Sir pl continue as earlier
ReplyDeleteguruji 4988-5124 had all charecteristice of impulse with one wave
ReplyDeletebecoming 1.62+ of the smallest. under ur rules guruji one can label as one set of 5 also if i understood correctly
but it was a zz or dzz or wxy. foxy waves as u call them..