Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle.
for wave ((5)) = ((3)) at 517.9 and for,
wave ((5)) = ((1)) at 514.95
Key Reversal zone - 511
Flat, a "sideways" correction is completing for wave "X". Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3 internal signature in real-time analysis often used as an initial go-to "alternate" count.
However, a flat should have 3-3-5 waves therefore, we are looking for the five waves for ((C)). There is nothing wrong if Wave ((C)) to carry above wave ((A)) because wave ((B)) has been below beginning of wave ((A)). In another words, a wave ((C)) can carry 506.4 above.
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beauty of Waves and Simplify for counting. A child can also understand if we play with waves.
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"alternate" counting as 12345 for motive phase. Overall trade setup is for short selling.
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Always subdivides into three waves, labeled A, B and C.
Wave A is never a triangle.
Wave C is always an impulse wave or a diagonal triangle.
Wave B retraces more than approximately 105 percent of wave A, and wave C terminates beyond the end of wave A.
Stretched in terms of price but not necessarily time.
The length of wave B is sometimes related to the length of wave A by the Fibonacci multiple of 1.236 or 1.382.
The length of wave C is sometimes related to the length of wave A by the Fibonacci multiple of 1.618 or 2.618.
Wave C will often terminate beyond the termination point of wave A by a distance equal to .618 of the length of wave A.
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Tatamotors TOP is out?
Trade active
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Call activated:
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We want to trade short 518 nearby and the price made high - 526 (Difference is Rs8 ) and target 480 and 453-0 which is huge difference (almost Rs. 40).
@Kinnari_Prajapati,Most major Nifty stocks have fallen because of huge basket selling in nifty and Tata motors has come down because of that . Not because of your wave analysis. If your waves study was perfect it wouldn’t have failed twice in a month time .
@Kinnari_Prajapati, once in a while anyone may come out correct especially in a global fall like you . But going wrong twice in a month will mean wiping off the capital in futures
v26v26
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I think all this is too complicated. It doesn’t give precision in decision making
sapangor
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Inner waves of final wave 'C' of flat corrective pattern has to be impulsive and not corrective 'abc' or 'wxy' or 'abcde'... it (flat correcive pattern) is simply 3-3-5 formation and the last leg of 5 waves, i.e., 'C', has to be impulsive in nature, so wave i of 5 shall itself be impulsive, 'ii' shall be corrective, 'iii' again impulsive, 'iv' corrective and 'v' also impulsive..
Trade-Technique
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@sapangor, huge gap is clear clue for impulsive wave.
sapangor
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@Kinnari_Prajapati, Gap-up or gap-down can be an integral part of an impulsive run, but corrective waves have impulsive wave. The only thing I am saying is, the counts that you have shown as impulsive run from 440.00 to 528.50 is not an impulsive wave. Only Final fifth wave can have three wave counts for each of its five waves.
In the case of Irregular Corrective pattern, C has to be normal Impulsive wave, i.e., wave 1 of c shall be five waves, 2 corrective waves, 3 five waves, 4 corrective waves and 5 of C again 5 waves.
Gap-up shown in the chart is not confirmation of Impulsive run for the movement from 440-528.50. Besides, there is no such rule written in Elliott wave theory too.
ashokakbari
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No one can dare to challenge you on your analysis.. You are awesome!!