ShreeKrishna

How simple is Wave Principle

NSE:MARUTI   MARUTI SUZUKI IND
682 views
8
Having an Knowledge how the trend develops is an advantage in stock markets , Regardless of what you trade futures or Options

How does the wave Principle works ?

Can it be trusted ??

How is results ??

Well i can say one thing with personal experience , Wave principle works all the time and all the degree of trading time frames so far i have seen

it gives an edge of understanding the developing trend
it gives an edge of when the termination may occur
it gives an edge to enter at best place with minimum risk
it gives an edge to where to exit with maximum profits ,

if you ask any one who knows the price action he or she will tell you that this is current set up is bullish engulfing , but in reality it has one more down move before the actual trend begin
and you will find some volume experts keep talking about how the investors are buying and selling in reality they are giving you an indication of trend which has already completed its 50 % of move
for Example when you see any analyst trying to tell you that the wave 3 is began now after giving an explanation of showing you high volume Just run away form him or her
because they are showing you an Point of recognition what we ( Wave analyst ) call as mass retail entry point , very soon the trend ends with surprising disappointments

But we as Wave analyst enter at best price with low volume termination and we take the benefit of Maximum returns on minimum risk

Well having said about wave principle i would like to inform you about the scrip is due for one more sharp move before it makes its turn around

Look for buy set up once the price terminates

Good luck

Trade active: Yes Exactly what i have forecast ,

Wait for Friday close , since its an Quite negative sentiment
Recently We Launched Technical Charts Club
Which Enables Most of Technical Traders to Get the views in the form of chart

FCA ( U.K ) Registered Analyst

Comments

Hi
I dont think there is a valid motive wave(5 wave sequence) structure from the bottom as waves r overlapping;particularly wave 4.It doesnt even look like LD. But ur view may manifest as the structure looks like 3-3-5 pattern to be unfolding...which may result in sharp upmove....
Ur view will be correct if u change the wave 2 count....to nxt higher low...by taking it as truncated wave c within wave 2 structure....all the best👍
Reply
hope for best
Reply
again, absolute beauty in your explanation of your buy levels, elliot wave situation in this scrip and indication of 3rd wave bullishness at right time. Will watch for termination levels of wave 2/v/c.

Keep it up.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out