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Neo Wave

How To Trade with Neowave Trading IdeaHello Everyone, Welcome to you all, this is an educational post in which you will learn how to trade with our neowave trading chart. For better understanding also watch the video which will be available soon. See the below image ## This is how a Neowave structure looks in which a stock price goes up and down. ##These no 12345, I called them motive waves mean trending direction. As you can see these are in diffrent colors. Each color represent a trend cycle mean for how many days this particular stocks is going up or down. See the below example ## As you can see in below examples , group of smaller cycles made bigger cycles and bigger cycles made more bigger cycles and so on Example 1 Example 2 ## But this hard to understand for ordinary eyes and neowave coding style is always differ between neowave analyst also. For one neowave analyst one trend is short and for other it can be intraday.it just there perspective. For every other person 12345 is create confusion, hard to tell how long this trend will go up. you just dont know this 12345 is short term cycle or longterm cycle. To solve this i am changing coding style ##As name represent itself its cycles s for short cycles, m for medium cycles and l for longterm cycles. see the below chart Now see the below image for another part of neowave which is called correction ## As you know every trending cycles, there comes an consolidation period in which price gives some retracement but never retraced 100 percent of previous trend. This consolidation is represent as correction in neowave. ## This correction comes in same cycles in which the cycles was trend. As you can see short cycles trend in the image, after s5 there comes a flat pattern which is labbeld as SC1, this c stand for correction.same for ther cycles. These are the list of the cycles which will be labbled in my chart. See the below chart for complete list. Now next part is important for you. These are the expected time frame for the repected cycles. If you love the post than give it a boost and keep following us for more trading idea. Thank You
NSE:NIFTYEducation
by Neowave-forecast
2
Zig Zag corrective pattern and the Case study of Natural GasHello Friends, Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves. Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas. Principles and Guidelines of Zigzag correction pattern 1) Zigzag correction pattern is a 3 waves structure which is labelled as A-B-C 3) Subdivision of wave A and C is 5 waves, either impulse or diagonal 4) Wave B can be any corrective structure as 3 subdivisions 5) Zigzag is a 5-3-5 correction structure Fibonacci measurements Wave B is always contra trend which generally retraces near 50% or 61.8% of wave A, and can also retraces up to 85.4% to 90% of wave A Wave C can generally be expected near 100% of wave A, but sometimes if it is extended then it can show 123.6%, 138.2% or up to 161.8% also. Sometimes if wave C is truncated then it can be near 61.8% of wave A. But ,If wave C is going more than 161.8% of wave A, then we should be cautious, because it can also be some kind of impulse wave instead of corrective wave. Case Study of Natural Gas Natural Gas almost done as expected till now as per zigzag corrective pattern, it would not be wonder if it looks to be doing a double correction higher in wave (ii) bounce & can see 2.786 level sometimes in next week before turning down as a wave (iii) of 5 of (C), On lower time frame if it doesn't crosses high of March 2023, then it can show some down moves to complete wave (iii), (iv) and (v) of 5 of bigger degree wave (C). After big correction as zigzag pattern which had already reached extreme levels in wave (C) which is more then 123.6% of wave (A), so now anytime it can start fresh impulse moves towards north directions, so instead of finding selling opportunities, one should try to find buying opportunities only after confirmation, and confirmation is price crossing high of march 2023, once its crossed peak point of march 2023 then no selling is recommended, then its only buy on dips with invalidation levels of Low of April 2023 as a stoploss, because it must be ending the bigger correction from last year peak, and can be taken as fresh impulse is started. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NEducation
by RK_Chaarts
4
EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends, Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves. Principles of Irregular / Expanded Flat correction pattern 1) 3 waves corrective pattern which is labelled as A-B-C 2) Subdivision of wave A and B are in 3-3 waves 3) Subdivision of wave C is in 5 waves 4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A 5) Wave C completes beyond the ending level of wave A Fibonacci measurements Wave B is always 123.6% to 138.2% of measurement of wave A Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hope this post is helpful to community Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ABFRLEducation
by RK_Chaarts
10
Bank Nifty:Bow-Tie Diametric pattern nearing it's completion#Characteristics of Bow-Tie Diametric pattern *It's a seven legged Elliot / Neo wave corrective pattern *Wave A=G,B=F,C=E.wave D is connector. *Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%. #Reasons for not considering this entire swing as an impulse/triangle move *Wave B has retraced wave A more then 61.8%(In an impulse as per Neo wave , wave 2 does not retrace wave 1 by more then 61.8%) *Wave B took less time then wave A took to form.(In an impulse as per Neo wave , wave 2 takes more time then wave 1 took to form) *Wave C has not extended wave A by 161.8%.(In an impulse as per Neo wave ,either wave 3 or wave 5 extend's wave 1 by 161.8%) *Wave D enter's wave A territory.(Here it doesn't) #Findings/Analysis of this pattern *currently we are in 5th leg of this 7 leg's pattern.Price wise pattern has achieved wave E has achieved it's 100% extention target of wave C,hence going forward we can expect a downward movement of price in the form of wave F till 35900(100% extention target of wave B).Post wave F we can expect another move on the upside in the form of wave G(final leg of the pattern) which can take price in between 36850-37400,post which we can expect price to drop till 34250-350 depending upon where wave G ends as per post pattern implication of Diametric pattern. #Possible Action that can be taken as a trader as per current scenario. *One should start exiting long's in part's if not fully exiting there long's. *Should wait for wave G to complete post which one can go short on the faster retracement of wave F's low. PS:Price path discribed here is an ideal path discribed in books as per Neo wave .Reality can defer. Disclaimer:Trade should not be taken solely on the basis of this analysis.Posting this just for my future reference.
NSE:BANKNIFTYEducation
by UNDERDOG-29
How To Read Neowave Charts by Neowave ForecastHello Traders and Investors My Name is Manish Singh and i am an expert in Neowave. In this chart i have describe the coding method to read my charts. In Neowave Charts Degree labels used as intermediate, primary and cycle degree which is hard to understand by new user. Actually they understand 1 to 5 labels but they dont get the quiet idea in one look in which trend is this count is given. Thats why i came up with something simpler. So i am publishing this in the hope they everyone new trader easily understand the chart that it is in corection or in motive wave and for what time frame. As they follow my charts, than with time they will understand which degree takes how much amount of time approximately to complete its structure and it surely does in learning the neowave. Anyway friend kindly tell how you like the idea of this kind of coding. I am also puting some examples of chart here. 1) This is the chart of nifty in which long term wave is in correction and you can judge with the help of medium wave degree that where is long term wave correction can end or actually new trend is going to start now or it become a failure. you can judge the chart pattern with is also as you can see this is an flat structure. 2) This is another chart of USD/JPY In this chart i have used the old style of coding so that you can compare which one is easier to understand trend. As you can clearly understand with the help of count that it is going up but you were unable to catch that in which degree it is up or how long it will sustain there. Is there much bigger degree from the current one i am seeing.
NSE:IDEAEducation
by Neowave-forecast
12
How to count Neo wave Impulse Current wave counts Primary-wave 2 (orange) Intermediate-wave A (Blue) Minot-wave B (Red) Minute-wave C (Yellow) Applied Neo wave Impulse Rules: 1)Counting started from faster retraced low 2)wave 2 should not retrace wave 1 by more then 61.8% 3)wave 2 should be equal or longer then wave 1 in terms of time 4)0-2 TL should be clean and price action of 1 should not touch 0-2 TL 5)wave 3 should not be shortest 6)wave 4 should not enter wave 2 zone 7)2-4 channel should not have more then 4 touch point,here on 5th instance channel was broken 8)wave 4 should be longer then wave 3 in terms of time 9)Atleast 1 Alternation between intermediate wave 2 and 4 should be there,here alternation is observed in terms of retracement,pattern complexity,time and price 10)Every new motive wave had 2 stage confirmation. Analysis Looks like Tata steel is certainly not in buying zone,as it has completed intermediate impulse cycle and it has broken minute 2-4 TL,minor 2-4 TL(not shown in the charts),minute 4 low's in lesser time then minute 5 took to form and 21 day simple moving average. A decisive close below 1400 can trigger fresh selling till 1240-1250 where previous price action zone comes along with 23.6% retracement of entire intermediate cycle from 365-1535.Hence short selling can be done if price goes below 1410 with a stop loss of 1460 on the upside and target of 1250 and 1140. Continuing to this logic meanwhile during this fall if price's comes to 1250 level then it will be breaking intermediate 2-4 TL in lesser time then intermediate 5 took to form hence it can be assumed that intermediate top has been formed and going ahead price can even touch 1140 minor 4 lows and 709 intermediate 4 lows(I know it sounds ridiculous at this point) but i am mentioning this becoz it seems like we have completed intermediate impulse cycle. As of now metals stocks are not participating in the on going rally so keep your exposure limited as in case of any major selling portfolio returns would be severely impacted if metals occupies major chunk of your portfolio.One can even start hedging by selling in the money call or of tata steel keeping mentioned spot price as stop-loss.Further Indicator's and Candle stick patterns can be used for efficient entry and exits. PS: Interesting observation skip if you are already boared 1)As per the rules 5th(minute) extention of 5th(Minor) extention of 5th(Intermediate) wave cannot take corrective form unless 1st of highest degree 5th is sub-divided in 3.This is seen in this case.It was confusing me at first that Minor 5th is making terminal impulse by looking at the overall shape i got by connecting TL's but as Minor 1st of Intermediate 5 is not sub-divided in 3 this possiblity can be ruled out,also here Minute 4 has not entered Minute 2 pricezone which confirms termination of Minute,Minor and Intermediate 5th wave @ the shown place as per my view. 2)Both variation of Neo wave pattern Diametric pattern is seen, Diamond Diametric-Intermediate wave 4 Bow-Tie Diametric-Minor wave 4 3)As mentioned by many Author's of wave theory and as noted historically wave 5 in commodities are longest.Here wave 5 is longest in terms of both price and time . I have tried showing everything that i have charted hope-fully anyone reading this finds this post logical just like me
NSE:TATASTEELEducation
by UNDERDOG-29
72
GNA AXELS : Wave counts + Time cycleIn this post i have tried analyzing chart by combining both price/volumes and time factor simultaneously. For deciding trend and predicting price i have used Elliot wave theory and for timing and entry/exit i have used cycle theory. Elliot wave theory Impulse wave rule: 1)Wave 2 can't retrace wave 1 entirely 2)Wave 3 can't be shortest of wave 1,3 and 5 3)Wave 4 can't enter wave 1 price action zone. Time rules of Neo wave (Extention of Elliot wave) 1)Wave 2 takes equal or more time then wave 1 took to form 2)Wave 4 takes equal or more time then wave 3 took to form Wave labeling is done by following this rules. Wave Count Primary : Wave 4(Green) Intermediate : Wave A(White) Minor : Wave C(Orange) not shown. Analysis: As far as wave count's are concerned, since covid low's we are seeing impulsive rise in which we have completed wave 3 on Primary degree(green) and currently we are in Primary wave 4,Intermediate wave A, and going ahead prices will continue to correct or stay side-ways until Primary wave 4 is done,as wave 3 was extremely extended possibility of Primary wave 4 being an running flat is low meaning any forth coming bounce will not give us new high. Time wise :As per Neo wave rule 1) Primary wave 4 can continue till December 2022 hence entering at current levels is not advisable. Price wise :Support areas for Primary wave 4 to end. 1)We have 50 % retracement of Primary wave 3 coming at 641 along with minor wave 4 low's at 655 along with 200 ema average @ 620 which would keep increasing,there by making price action support zone of 640-660. 2)61.8% retracement of Primary wave 3 @ 530 and previous All Time High coming at 555 level(Confluence for price support) along with running intermediate trendline(white) making price action support Zone of 530-555. 3)Theoratically Primary wave 4 end's near Intermediate wave 4 of extended Primary wave 3 which is coming at 360 levels,we also have 80% retracement of Primary wave 3 coming at 360 level(Confluence for price support). JM Hurst Cycle theory: It states that stock prices follows definite cycle and achieve significant lows or trough's at the end(beginning) of each cycle.During any cycle price makes meaning low's around every cycle period time zone.Post a cycle low zone, prices reverses or trend changes,and if the low's made during cycle period time zone get's broken in the next cycle then during that entire cycle prices tend to correct.After his years of observation JM Hurst has found Nominal Cycle model which describes standard cycle's found in the markets he researched.One of the cycle he mentioned in Nominal model is of 20 weeks(which is being followed over here).There are many principles of cycle theory which i am not describing over here as it would complicate things. Time Cycle: 22 week Since beginning GNA AXLES seems to be following 22 weeks cycle meaning after every 22 weeks meaning full low is formed,post which we have seen prices going up and it this low is broken in the next cycle then during that entire cycle prices has corrected.Over here i have somewhere i have taken 23 weeks and somewhere 24 weeks just to capture exact low's however it can be seen that most of the time prices has formed low on 22nd week indicating stock is following 22 week cycle.As of now we are nearing cycle low time zone(week ending on 6th December)meaning after first or second week of December we can see minor bounce in the prices as per time cycle. Combining Volumes: Volumes were rising during this entire rise from covid low's during every impuslive wave high formation ie from Intermediate 1 of Primary 3 till Minor 3 of Intermediate 5 of Primary 3,and we can clearly see volume divergence on minor 5 high as it was achieved on an significantly low volume compare to minor 3 high. Conclusion: Price and time are not in favour of bulls hence investor or trader should keep stop-loss on there existing long positions depending upon there risk appetite and fresh long's should be avoided until Primary wave 4 is done.Any bounce from current price should be used to exit long positions. Disclaimer:The analysis done in this post is just for education purpose and to introduce concept of time cycle,no position should be build or exited solely on it's basis.
NSE:GNAEducation
by UNDERDOG-29
1
Bow-Tie diametric correctionPattern details: 1)It's a 7 leg corrective pattern 2)Here in first 3 leg's price's contracts after which wave d is formed (sort of wave x of wxy) which is followed by 3 expanding leg's,meaning contracting triangle connected by expanding triangle 3)Wave G tends towards equality wave A,wave F towards wave B,wave C towards wave E,however wave G can only be 38.2-50% of wave A on many occassion. A decisive close above 54.30 would indicate end of wave f .wave g tgt is coming around 78 which is about 40% move.Long entry setup build's on close above 54.30 which would be second confirmation of clearing previous peak.As of now in today's trading session TL has already been breached indicating sign of strength.Also each down swing has taken identical time after which it has reversed,meaning current down swing is nearing end.On the down side lowest low can be kept as protective stop once entry criteria is meet. Disclaimer:Analysis shown here is only for educational purpose trade should not be taken on the basis of this post.
NSE:TAKEEducation
by UNDERDOG-29
4
bajaj finance complex correction wave countlooks like double correction to me Primary degree: Red Intermediate degree: Black Minor degree: Blue. Current Count: Primary: wave Y Intermediate: wave C Minot: wave wave 3 complex correction's are identified by price movement confined in channel.Here we can see this phenomenon happening.wave Y has taken a form of an zigzag corrective pattern of which wave A and B is done and wave C is under progress.As the internal structure of zigzag is 5-3-5 we are right now in wave C sub-wave 3.Here wave C as per my understanding has taken a form of terminal impulse meaning wave 4 decline will be sharp and enter will enter wave 2 zone giving us minimum target for wave 4 till 6477(highest point of wave 2). Currently wave 3 is in progress and before 2 day's we had spinning top kind of candle formation which was followed by a close below it's low in yesterday's trading session meaning we have already got one trend reversal signal hence if in coming 2 days price breaks important TL along with 7320 level then we can assume that wave 3 is done and wave 4 has commenced. Don't short until then.On the upside if the price crosses 8000 in tomorrow's trading session then we can assume wave 3 is still in progress and in that case we can expect price to move in upper channel rasistance zone. Conclusion: 1)Fresh long only above 8000 with a stop of friday's low 7725. 2)For swing trader who is already long, trade's should be monitored carefully and stop-loss of 7320(previous swing low) should be maintained 3)Fresh short only advisable on faster retracement below 7320 in coming 2 days.
NSE:BAJFINANCEEducation
by UNDERDOG-29
1
Trading Neo wave Bow-Tie diametric patternThis is an extention of WXY elliot wave pattern.This pattern has seven leg's just like WXY double corrective pattern.Here we see contraction in first 3 leg's high's and low's followed by smaller wave d bith in terms of price and time followed by expansion in last 3 legs. Each leg is internally divided in 3 sub wave giving entire pattern internal structure of 3-3-3-3-3-3-3. Guide-lines for target of each leg wave a = wave g(generally 61.8%) wave b = wave f(generally 80-100%) wave c = wave e(generally 80-100%) It seems like we are making Bow-Tie diametric pattern on bank nifty hourly chart of which leg a,b,c,d,e is done and leg f is going on and approaching it's price target(around 36650-660) from there we can expect leg g taking prices between 37730-38400(61.8%-100%)projection of leg a price move from leg f low's. Trade set-up If we get momentum divergence and bullish reversal candle followed by price taking out it's high along with Ichimoku cloud support on 15 min chart around 33650 levels(leg f tgt zone) then one can look to go long with a stop loss of leg f's low. Trade should only be taken if trade setup criteria's are observed.Size your trade by following risk management rule of not lossing 1% of your capital on any trade
NSE:BANKNIFTYEducation
by UNDERDOG-29
6
Identifying & eliminating type of correction through Neo wave L&T: Have tried labelling from covid low's. *Logic behind labelling price as corrective structure: From covid low's no swing has internal structure of an impulse, every swing is divided in 3 sub-waves meaning rise in L&T was corrective.Also no impulse rules were followed to make an impulse pattern ofhigher degree. *Eliminating corrective pattern: From covid low's we already have 5 waves(marked in green) having 3 internal sub-waves meaning we are in a middle of a triangle or complex wxyxz correction or diametric pattern,but looking at the price pattern it seems like we are having wxyxz triple correction as prices are neither converging nor expanding in order to make triangle or an diametric pattern.Hence i have labelled it as WXYXZ of which w,x,y,x is done and currently we are in wave z. *Current structure & internal stage Now this wave Z is sub-divided in lower degree 3 internal wave WXY(in orange) of which wave W and wave X is done.we are right now in wave Y of which wave A is done and wave B will be done shortly post which a rise in the form of wave C would complete entire WXYXZ 11 swing correction. *Price Fore-cast on the basis of current labelling from current levels. On the upside important level is 1740(123.6% extention of wave w in orange degree from wave x low's) and 1834(161.8% extention of wave w in orange degree from wave x low's) where entire pattern can end. On the down side 1550-1580 zone can act as good support as we have a price action area in that zone. *Conclusion As per this labeling up side room is limited hence anyone holding this stock should keep stop-loss depending upon there risk appetite or by referring price levels mentioned above and new long's should be avoided from swing trading point of view
NSE:LTEducation
by UNDERDOG-29
How to Eliminate elliot corrective patterns through Neo wave I can only come up with this following count,in order to come up with a logical count,i kept on taking more data in order to make some sense with my labeling. Reason for considering current rise a part of Bow-Tie Diametric Pattern are as follows Starting point was taken on the basis of faster retracement of prior swing high ,since then price has not shown any sign of an impulse as theres so much of overlapping seen in price along with corrective internal structure in each swing. As far as corrective pattern is concerned only WXY and Diametric pattern has 7 leg,but if we connect trenline of tops with tops and bottom with bottom in white degree then the pattern takes shape of an bow-tie diametric where higher degree A terminates,movement following is also corrective and not impulsive hence collectively on higher degree(marking done in red)is also forming some kind of corrective pattern. Till now we have already seen 4 swing and currently we are in 5th swing meaning we can count out Flat and Zigzag leaving us with triangle and diametric and complex wxy/xz.With regards to triangles either they are contracting or expanding in 5 leg's but over here we have seen both the phenomenon occuring by the time we are in 5th leg meaning we can even eliminate triangle pattern leaving us with only 2 pattern either a Diametric or an WXY/XZ complex correction. From this we can conclude that on going rise will have 7 corrective leg's of which 4 are done and currently 5th is going on,as we have already seen contraction and expansion my primary assumption is of Bow-Tie Diametric even on Red degree and have used rule of equality for finding termination point of 5th,6th and 7th leg. PS:Correct me if i have missed anything because by now i am already brain dead after analyzing this chart
NSE:BHARTIARTLEducation
by UNDERDOG-29
6
impulse wave count logic of NEO waveReason for starting wave count from the point shown here is,in the past price movement(from covid low's) no prior swing high is retraced faster then the fall from that high took to form. Rules and Reason for impulse count 1)wave 2 should take more time then wave 1 to form,here this rule is followed 2)0-2 trend line should not be touched by wave 1 price movement,here this rule is followed 3)wave 3 should not be shortest,here this rule is followed 4)One of the 1,3 or 5 should be extended,here wave 3 has extended by atleast 161.8% of wave 1 in both the degree's,here this rule is followed 5)wave 4 should not enter wave 2 price zone,here this rule is followed in intermediate counts. 6)wave 4 should take more time then wave 2,here this rule is followed in intermediate count. 7)Atleast one alteration should be there between wave 2 and wave 4,here this rule is followed as Alteration is seen between primary 2 and 4 in terms of pattern, price and time. 8)0-2 channel should not have more then 4 touch-point,here this rule is followed after which it was breached. seems like sail has completed primary impulse wave 3 whose intermediate 5 was truncated and currently forming an complex correction(wxy) or a triangle pattern which was triggered after 2 stage confirmation on the breach 0-2 trend-line and intermediate wave 4 lows in lesser time then intermediate 5 took to form.As of now it seems like wave w or wave A in the form of regular flat has been done and currently wave x or wave B is in the making.On the downside wave 4 retraces generally 38.2 % wave 3 which is coming @ 115 which was achieved by price in current fall,but since then bounce has not been sharp or impulsive in nature indicating wave x or wave B is in making.As per the rule wave 4 is longer then wave 3 and primary wave 3 took 88 candles to complete hence going by that logic current fall or side ways movement can atleast continue till 20th december post which 31 days cycle low is expected @ 29th december. On the downside support is coming at following levels Primary wave 3 38.22% retracement @ 115.40 Primary wave 3 50.00% retracement @ 106.20 Primary wave 3 61.80% retracement @ 97.00 Invalidation of this count is @ 81 level where if price goes then wave 4 will be entering wave 2 territory. Upside seems limited as of now but accumulation can be done if price comes @ above mentioned levels for investment purpose as on the basis of this count,as wave 5 is yet to unfold and in commodities wave 5 is assumed to be longest of 1,3,5. will it make a wxy or a triangle only time will tell but short term trader should not look for bigger up side move looking at the current price structure until december 20th,2021. This labelling is done by following NEO wave rules,in the past i have posted wave counts on sail through elliot wave rules.Rules of impulse labelling are different in both theories and hence the counts are also different.Neo wave also in-corporates time element in labelling waves which helps in timing entries and exits. Here i have also incorporated time cycle.In the shown chart 31-day cycle is working quite well since covid low's(I cant show entire chart from covid low's as it wud very untidy) which help's in identifying important low points,meaning around cycle end day's important low is supposed to be formed. Let me know if you find this post informative and if i have missed any rules while labelling.
NSE:SAILEducation
by UNDERDOG-29
8