#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...
Hello everyone,
I have tried my hands to explain Kennedy's Channeling technique (KCT),
In this video what I have explained is:
ZigZags ( Internal pattern & concept of channel)
Flats (Internal pattern & concept of channel)
Impulsive waves (Internal pattern & concept of channel)
& a Example
Please do comment what you guys like about the video & scope of...
Hello 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...
Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not...
This is the educational post regarding the types of diagonal patterns-
SUMMERY :
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL
Always form in inner wave of wave (1), so one can expect wave(2,3,4 & 5) within main impulse wave to complete the pattern.
PATTERN:
1- Comprises of (5-3-5-3-5 (inner waves)) or (3-3-3-3-3) (inner waves)
2- wave (4) always...
Comparison between Running triangle-Leading and Ending Diagonals
Chart 1 depicts a theoretical structure of Running triangle and an ending diagonal in a down trend.
As mentioned the comparison is in a downtrend. Accordingly downward move is termed as directional move and move to the upside is termed as non-directional.
A running triangle has non-directional...
Topics covered:
1- Impulsive Elliott wave pattern.
2- Impulsive and Corrective pattern locations.
3- Possible types of pattern.
4- Fibonacci ratio's in brief
5- Rules and Guidelines
Next topic to be coved is Leading diagonal!
This is the educational post, regarding how ABC- Zig-Zag pattern looks like, how it is formed and what are the possibilities regarding targets targets and stop-loss.
1- basic structure for wave ABC.
Here, wave A starts from 0 (starting point of wave A) to A (end of wave A) wave A completes here.
Next, wave B starts from A (end of wave A) to B (end of...
Nagreeka Exports has BO of long 4.3 yrs base with 7x volume . Can be bought on every dips for the target levels as mentioned on the chart.
Educational Points
Large Base
1 - Early rally
2 - First point of profit booking/sell off
3 - Base formation after profit booking/sell off - this is the point to consider adding the stock to the...
We witnessed an awesome planned fall in Bank Nifty, hope you all enjoyed and made money with the idea.
Lets look at the Plan of Bank Nifty & Nifty
My Favourite Bank Nifty first
& Nifty
Lets dig deep into the structure & my thought process behind it
First thing First "KEEP IT SIMPLE BABY''
Model 1 ...
Dear all,
The above chart presents a simplicity of trading, its the heart and soul of trading, let it be a trend following system or investor or day trader or scalper -its as easy as kids ABC
Let me explain my points with the simple yet powerful setup with above chart and more examples:
Points to consider in every setup(conservative)
- Consolidation
-...
Hey everyone! We have guide to help learn "Bollinger Bands" indicator. This indicator work all type of trade example intraday,swing trade ,BTST trade,weekly trade,Long side trade.
What is a Bollinger Bands?
A Bollinger is techanical analysis tool and you apply this tool price chart three lines that compose .one simple moving average (middle band) and other...
It look like reliance chart daily time frame complete zig zag correction
Wave formation
Wave (A,B,C) Zig Zag patterns
Wave A internal wave count (1,2,3,4,5)
Wave B internal wave count (a,b,c)
Wave C internal wave count (1,2,3,4,5)
Rules and objectives:
The C-Wave is Smaller than 61.8% of the A-Wave
This represents the least frequent situation, when the...
Asian paints had corrected more than 16% in just a month .
After 101 days, the price is back to the strong support zone.
Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price.
Wave principle is also giving a similar explanation.
There are three confirmations to find the ending point of wave four.
1. Price...
We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom,
Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns.
I have covered Three chart patterns in this article,
1) Triangles
2) Head and shoulders
3) Double Top and Bottom
1) Head and shoulders :
In addition, the two lows...
