On larger time frame:- The Wave 5 is expected by Feb end 2021
Wave 1 :- 16,116 to 21,967 Wave 2 :- 21,967 to 17,105 Wave 3 :- 17,105 to 25,232 Wave 4 :- 25,232 to 20,405 Wave 5 :- 20,405 to 30,834 (61.8 % of total move till wave 3) / to 32,362 (78.6 % of total move till wave 3) / 34,309 (100 % of total move till wave 3)
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Just go with the flow and try to encash as much move as possible.
Note:- This view is on larger TF and is for a month or so.
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nsb64y
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hi, I don't understand what is the reference point for the Fibo levels you have put up.
If wave 5 starts from 20405 and 30834 is .618 of the move till wave 3, the arithmetic doesn't work out for me: high of wave 3 - low of wave 3 = 25232-17105 = 8127 != 30834 - 20405 = 10429.
Am I understanding your reference levels right?
Best,
Nisarg
kirand786
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@nsb64y, hi i also don't understand his Fibonacci lvls because the rule is you have to take from the starting point of wave 1 till the top of wave 3 and then calculate v5 from the where wave 4 has ended that is what the book says but his Fibonacci levels is something different
Subhagkimaakadhinkachika
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@nsb64y, ye ideas copy karta hai isko follow karke kuch haath nahi aayega
BhaRuch
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Excellently put up. Both the chart and the comments! 😀
ExpertsTrade
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Means 16160 to 32700 you are countung as wave 5 and 32600 to 16160( previous fall) as a wave 4