Commentry The market Started the October Series, with a (1.Low Volatility Test Reversal) Then It Formed a (2. Potential Trend Change) Pattern Made a retest for 17500 at (3. Effort Up) and (4. Effort Down) And Till Today have given two positive Followups (5. and 6.)
So What is the Dominant Direction Here? For me Logically is the Long Side
How i think prices will move with smart money ? In the coming next week Market is on high probability to reTest 18300 and 18300,
Hello sir, I want access of your indicator. Please allow
ramachandransibasubramanian
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Your chart is good. The movement to 18300 and 500 . How day make out technically. Will there be reversal from there.what wave count you asses for the the top 18604 and down17600. Now from there to 18300 or more . And any reversal signs noticed by you technically. Pls clarify.
Ankit_1618
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@ramachandransibasubramanian, I have taken volume momentum in the current analysis, given the state of the market right now, its confusing if i go it with wave counts, because my motive here is to adjust straight away with the dominant momentum. For the levels latest gann levels of SnR are sitting at 18225 and 18496 in the upside and 17956 and 17689 in the downside.
ramachandransibasubramanian
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@Ankit_1618, thanks for your reply. If you have taken volume momentum how do you derive the level and what is the accuracy in your previous assessment. Will you give the same method for individual stocks.what is the advantage of volume momentum and how forthe time durationand long time forecastposible with that. Any disadvantage in this technique? Pls reply.
Ankit_1618
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@ramachandransibasubramanian, Level derivation is a complex topic, it comes with experience and conjuction of a lot of things, 1. float levels 2. Gann Levels 3. Volumetric Sigma Level 4. Fibonnacci confluence 5. Volume Profile based
Advantages of volume momentum, 1. helps you relook at your decision 2. 80% of time is lag free Disadvantages 1. complex chart to look at and then simplify 2. you should know how to recover
I shuffle from method to method and correlate before taking any actions, since everything in the market is very dynamic