Bro ur trajectory was spot on .... How did u know it was going to to the upper side of the triangle .. fall down and bounce from the support levels to 340s .... I want to understand the logic behind it ... Why didn't it breakout directly and reach 340 s. Why did it fall and then bounce ?
TheChauhansView
⋅
@darkbeacon, Thanks for the compliment. I am a wave analyst.
darkbeacon
⋅
@chauhan_rich, ok got it . The Elliot waves were forming in that manner ... The third wave was coming up
TheChauhansView
⋅
@darkbeacon, Sorry, i do not use Elliot wave theory, have developed new waves theory that i use now.
darkbeacon
⋅
@chauhan_rich, @chauhan_rich, i dont have any much knowledge on any wave analysis or elliot waves in general ... but i just scrolled through some elliot wave info and ur explanation corresponds with the Elliot Wave Triangle ... which is a corrective wave ... a b c d e ... and the line after e follows the trend out of the triangle .. in this case bullish ... and the two candles wicks which touch the upper side of triangle are the ends of "b" and "d" ......thats the only similarity between the theory i could infer with itnasa knowledge
TheChauhansView
⋅
@darkbeacon, Check out my other analysis - and try to decipher. If any questions, shoot them to me and i will try to help as and when possible. Hope that helps.
charanjit1977
⋅
What is the target for 30th April expiry?
TheChauhansView
⋅
@charanjit1977, Are you talking about options? I do not give time details.. i trade wave analysis on price axis. Sorry.