Invest With My NeoWave ChartsNamaskaram Everyone
This is an educational post in which i will describe how to read and trade with my wave Charts.
So first lets start by seeing a wave Chart.
First you will be seeing a S1 series called Short Term Trend.
Than a group of S1 is denoted by M1 series called Medium Term Trend.
Than a group of M series is marked by L series called Long term trend.
All this means is that smaller trend makes a bigger trend and than more bigger trend and than more.
This is how a wave structure become.
All these Short, medium and long term trend are called Degree.
You can think of them as a car gear like bigger the gear greater the speed of price and consolidation.
In my charts i used total 10 gears but i am showing you 9 degree.
See the below 3 images.
Degree List 1
Degree List 2
Degree List 3
Now there are few more things left-
Like you will be seeing some coding with C keyword like MC1,LC1, and a,AA,BB.
These are consolidation or correction counting.
Mean after a rally market rest or consolidate before resume another rally. We represent these consolidation period with LC1,AA,BB Like this.
Now see some examples by which you can judge how much time and price a particular degree or gear can consume-
Multiyear Trend
This is an Bank Nifty chart, if you see that multiyear cycle is running for past 25 years.
Each leg cover around 10 years.
Super Trend
Complete Cycle take 8 year, from 2012 to 2020
just imagine if you can think of an possibility in advance that next 8 years are going to bullish or bearish.
Namaskaram
