Guiding light is following chart:
.png)
Currently Yc which has to do minimum 343 as 5 wave Impulse or Diagonal.
As an ideal 5 wave Impulse, it should do:
(i)=5124-4977=147
(ii)=4977-5068=91(62%)
(iii)=5068- 4829=239(162%)
(iv)=4829-4920=91(38.2% of (iii)
(v)=4920-4773=147
And as we all know,as in life--so in markets--nothing is ideal.
so these levels should be matched with one's own analytical tools before initiating any trade based on them.
9.30 AM
(i) looks complete after playing out 5124-5017
(ii)-5017 upwards in play
.png)
11.13 AM
.png)
12.00 N
.png)
12.57 PM
Some more upside--as instead of a diagonal c it is doing a double zig-zag
.png)
2.00 PM
.png)
c may get truncated. May drop after testing 5081
2.15 PM
.png)
2.55 PM
The extent of upmove raises doubts about the labels.
3.10 PM
Old labels have been invalidated.
Would wait for EOD to find new ones--
EOD:
.png)
Yesterday,it had failed to close above this trendline.
Today it has done that.
At smaller degree the Count has got invalidated.
But at higher degree I retain the same Count:
Ya=5342-4789
Yb=4789-5127* wherein:
YbA=4789-5020
YbB=5020-4770
YbC=4770-5127* in play and can go upto 5151
and Yc ,supposed to have started downwards yesterday,is still in waiting
Raghu
.png)
Currently Yc which has to do minimum 343 as 5 wave Impulse or Diagonal.
As an ideal 5 wave Impulse, it should do:
(i)=5124-4977=147
(ii)=4977-5068=91(62%)
(iii)=5068- 4829=239(162%)
(iv)=4829-4920=91(38.2% of (iii)
(v)=4920-4773=147
And as we all know,as in life--so in markets--nothing is ideal.
so these levels should be matched with one's own analytical tools before initiating any trade based on them.
9.30 AM
(i) looks complete after playing out 5124-5017
(ii)-5017 upwards in play
.png)
.png)
.png)
Some more upside--as instead of a diagonal c it is doing a double zig-zag
.png)
.png)
2.15 PM
.png)
The extent of upmove raises doubts about the labels.
3.10 PM
Old labels have been invalidated.
Would wait for EOD to find new ones--
EOD:
.png)
Today it has done that.
At smaller degree the Count has got invalidated.
But at higher degree I retain the same Count:
Ya=5342-4789
Yb=4789-5127* wherein:
YbA=4789-5020
YbB=5020-4770
YbC=4770-5127* in play and can go upto 5151
and Yc ,supposed to have started downwards yesterday,is still in waiting
Raghu
Dear Raghu Sir,
ReplyDeleteCan there be a scenario where this Yc gets truncated and the next wave up starts before this completes the maximum.. please advise.
Replying to "unknown"?
Delete:-)
Truncation means C failng to to surpass A.
However,even in truncation,C has to do its minimum i.e 0.62xA
so our Yc has to do its minimum of 343 points--
Guru ji
ReplyDeleteNamashkar.
5017-5052 over.Could not retrace even 35 points
Thank you Sir for always helping us out with the counts and meticulously updating your views daily. We really look forward to them daily. Thank you
ReplyDeleteDear Manish,
ReplyDeleteThis being a very small degree wave, we may still be in (i) doing
5124-5090=34
5090-5118=28
5118-5017=101
5017-5052=35
5052-5015(likely)
and (ii) would come up then--
we donot know as yet--
Dear Guruji
ReplyDeleteThanks for Handholding.
Am learning and wish to be as helpful as you when i master your art.
Guruji
ReplyDelete5087.60 is done.
Can we short now ?
Have shorted a mininifty.
Sir!
ReplyDeleteI shorted at 5085 with SL of 5100,
Guruji
ReplyDeleteDhanayavad.
Am out of the short with small profit.
Will this zig zag retrace to 5120 or more and can longs be created for these 30-40 points ?
Too tight.
DeleteRisk reward on short side
But MACD is giving buy now.
ReplyDeleteDifficult to sell also.
ii seems to retrace 100% now.
ReplyDeleteNo let up in buying momentum.