There are some of you who are asking Me CRAZY questions. The TROUBLE is not the Questions.... What TROUBLES Me is the Ability of MOST here to even try and GRASP the A of EW. None barring a few have even tried to understand the EW basics, hence questions such as the one posted by Mr Sanket Kumar Sudan has NO basis...Neither is the one posted by Tradeview 1234. I mean how or from where do you people get such weird ideas ????
For the FINAL TIME..... I am putting before you, the Basic wave calculations/analysis of EW.
1. NOTHING STARTS NOR CAN BE CALCULATED UNLESS WAVE 1 REACHES A TOP.. NIFTY WAVE 1 WAS 12430
1990 was the starting point at 279, and wave 1 high was 12430. Hence wave 1 is/was/always will be
12430 - 279 = 12151. This is the Price Differential of WAVE 1, and is Simply called wave 1
2. Wave 2 MUST BE 38.2 OR 61.8% OF WAVE I.
Since wave 1 was 12151, the 38.2% RETRACEMENT is 12151 x38.2% = 4641 points.
HENCE WAVE 2 IS 12151 - 4642 = 7510. THIS WAS THE WAVE 2 LOW @ 7511
WE NOW HAVE WAVE 1 = 12151 AND WILL BE THE BASIS OF ALL FURTHER CALCULATIONS.
WE ALSO HAVE WAVE 2 AT 7510 DONE
Now, keep all your calculations AWAY and concentrate at what is going to happen next.
WHAT DOES EW SAY ABOUT WAVE 3 ?????? WAVE 3 CANNOT BE THE SMALLEST OF THE IMPULSE WAVES AND MUST EXTEND BY 161.8 OR 261.8% of WAVE 1
HENCE WAVE 1 WAS 12151 X 161.8% = 19660... OR.... 12151 X 261.8% = 31811. WE ARE NOWHERE EVEN CLOSE TO ANY OF THESE LEVELS.
WHAT DOES EW SAY ABOUT WAVE 4 ???? IT SAYS WAVE 4 DOWN WILL BE 38.2 OR 50% OF WAVE 1
HENCE IF I TAKE A CONSERVATIVE FIGURE OF 19660 AS WAVE 3 TOP, WAVE 4 WILL BE CALCULATED AS FOLLOWS.
wave 1 = 12151 x 38.2% = 4641 . therefore top of wave 3 conservatively 19660 - 4641 = 15019 OR 12151 x 50% = 6075, hence 19660 - 6075 = 13385.
The CALCULATIONS FOR WAVE 5 ARE COMPLEX IN NATURE AND I WILL COME TO THIS ONE LATER.
SO THE BASIC CALCULATION OF WAVES IS AS UNDER.
WAVE 1 = xxxxx
WAVE 2 DOWN = 38.2 or 61.8% RETRACEMENT OF WAVE 1.
WAVE 3 UP = 161.8 OR 261.8% OF WAVE 1
WAVE 4 DOWN = 38.2% OR 50% RETRACEMENT OF WAVE I
I HOPE EVERYTHING IS CLEAR NOW.
Before Anyone jumps In and says that the calculations are wrong.... FAIR ENOUGH. 1st show Me any other way you got to 7511 from 12430. 2nd.... show me how you are calculating that 18604 is the top of wave 3. I need to see your calculations as well. Just mearly putting forward questions without any BASIS will not Help .
Now, come to the calculations of the SUBDIVIDED WAVES.
UNDERSTAND THIS 1ST. EACH AND EVERY WAVE MUST HAVE 5 SUBWAVES MARKED 12345 TO THE UPSIDE CALLED IMPULSIVE WAVES AND 3 WAVES MARKED ABC TO THE DOWNSIDE CALLED CORRECTIVE WAVES( THIS DOWNWARD ABC FURTHER SUBDIVIDES AS 12ABC@ 5 WAVES).
NOW, REMEMBER THAT THE LARGER WAVE IS SINGLE LEG IN NATURE, AND WITHIN THIS SINGLE LEG YOU WILL HAVE 5 WAVES CALLED MINOR WAVES AND 5 WAVES WITHIN THESE MINOR WAVES CALLED MINUTE ( PRONOUNCED MIINUTE@ VERY SMALL). THE LARGER WAVES ARE CALCULATED ON MOSTLT DAILY/WEEKLY/MONTHLY/YEARLY BASIS. THE MINOR WAVES ARE CALCULATED USUALLY HOURLY. THE MINUTE WAVES ARE CALCULATED IN 5/15 MINUTE TIME FRAMES MOSTLY.
I THINK I AM GOING TO STOP HERE ON THIS AS IT WILL CAUSE A LOT OF CONFUSION AMONGST YOU ALL. GRASP WHAT IS WRITTEN ABOVE 1ST AND WHEN YOU GUYS ARE READY FOR THE NEXT LEG.... ILL TAKE IT FORWARD
For the FINAL TIME..... I am putting before you, the Basic wave calculations/analysis of EW.
1. NOTHING STARTS NOR CAN BE CALCULATED UNLESS WAVE 1 REACHES A TOP.. NIFTY WAVE 1 WAS 12430
1990 was the starting point at 279, and wave 1 high was 12430. Hence wave 1 is/was/always will be
12430 - 279 = 12151. This is the Price Differential of WAVE 1, and is Simply called wave 1
2. Wave 2 MUST BE 38.2 OR 61.8% OF WAVE I.
Since wave 1 was 12151, the 38.2% RETRACEMENT is 12151 x38.2% = 4641 points.
HENCE WAVE 2 IS 12151 - 4642 = 7510. THIS WAS THE WAVE 2 LOW @ 7511
WE NOW HAVE WAVE 1 = 12151 AND WILL BE THE BASIS OF ALL FURTHER CALCULATIONS.
WE ALSO HAVE WAVE 2 AT 7510 DONE
Now, keep all your calculations AWAY and concentrate at what is going to happen next.
WHAT DOES EW SAY ABOUT WAVE 3 ?????? WAVE 3 CANNOT BE THE SMALLEST OF THE IMPULSE WAVES AND MUST EXTEND BY 161.8 OR 261.8% of WAVE 1
HENCE WAVE 1 WAS 12151 X 161.8% = 19660... OR.... 12151 X 261.8% = 31811. WE ARE NOWHERE EVEN CLOSE TO ANY OF THESE LEVELS.
WHAT DOES EW SAY ABOUT WAVE 4 ???? IT SAYS WAVE 4 DOWN WILL BE 38.2 OR 50% OF WAVE 1
HENCE IF I TAKE A CONSERVATIVE FIGURE OF 19660 AS WAVE 3 TOP, WAVE 4 WILL BE CALCULATED AS FOLLOWS.
wave 1 = 12151 x 38.2% = 4641 . therefore top of wave 3 conservatively 19660 - 4641 = 15019 OR 12151 x 50% = 6075, hence 19660 - 6075 = 13385.
The CALCULATIONS FOR WAVE 5 ARE COMPLEX IN NATURE AND I WILL COME TO THIS ONE LATER.
SO THE BASIC CALCULATION OF WAVES IS AS UNDER.
WAVE 1 = xxxxx
WAVE 2 DOWN = 38.2 or 61.8% RETRACEMENT OF WAVE 1.
WAVE 3 UP = 161.8 OR 261.8% OF WAVE 1
WAVE 4 DOWN = 38.2% OR 50% RETRACEMENT OF WAVE I
I HOPE EVERYTHING IS CLEAR NOW.
Before Anyone jumps In and says that the calculations are wrong.... FAIR ENOUGH. 1st show Me any other way you got to 7511 from 12430. 2nd.... show me how you are calculating that 18604 is the top of wave 3. I need to see your calculations as well. Just mearly putting forward questions without any BASIS will not Help .
Now, come to the calculations of the SUBDIVIDED WAVES.
UNDERSTAND THIS 1ST. EACH AND EVERY WAVE MUST HAVE 5 SUBWAVES MARKED 12345 TO THE UPSIDE CALLED IMPULSIVE WAVES AND 3 WAVES MARKED ABC TO THE DOWNSIDE CALLED CORRECTIVE WAVES( THIS DOWNWARD ABC FURTHER SUBDIVIDES AS 12ABC@ 5 WAVES).
NOW, REMEMBER THAT THE LARGER WAVE IS SINGLE LEG IN NATURE, AND WITHIN THIS SINGLE LEG YOU WILL HAVE 5 WAVES CALLED MINOR WAVES AND 5 WAVES WITHIN THESE MINOR WAVES CALLED MINUTE ( PRONOUNCED MIINUTE@ VERY SMALL). THE LARGER WAVES ARE CALCULATED ON MOSTLT DAILY/WEEKLY/MONTHLY/YEARLY BASIS. THE MINOR WAVES ARE CALCULATED USUALLY HOURLY. THE MINUTE WAVES ARE CALCULATED IN 5/15 MINUTE TIME FRAMES MOSTLY.
I THINK I AM GOING TO STOP HERE ON THIS AS IT WILL CAUSE A LOT OF CONFUSION AMONGST YOU ALL. GRASP WHAT IS WRITTEN ABOVE 1ST AND WHEN YOU GUYS ARE READY FOR THE NEXT LEG.... ILL TAKE IT FORWARD