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With exiciting termination wave -An Leading Diagonal in SUZLON.Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse wave. Now what's exciting about this real-time example: 1) We've throw if you connect the trend lines which connect the extremes of waves 1 and 3 and extend that forward in time. The wave 5th is a bit of price movement above that trend-line which is refer to as Throw-Over. I actually like to see that because that is sign of termination of wave 1st as higher degree or wave 5 of (1). 2) The high price at 13.1, we've also seen spike in volume which is even another sign of termination of termination of wave 1st as higher degree or wave 5 of (1). These both sign are sharp resolution and dynamic nature of the structure, meaning terminating wave pattern. This is why I'm so exciting to this post and probably one of the most exciting as "Elliott wave patterns" for me. ------------------------------------------------- The Diagonal Triangles are easy to identify, and its introduce dramatic reversals in price, typically to the origin of the pattern and then some! Furthermore, the parameters of this wave pattern are easily discernible and useful in formulating a trade plan The signs that indicate that a Diagonal Triangle is complete : 1. The presence of throw-over and 2. a spike in volume. Throw-Over: it occurs most often in wave 5 when prices moderately exceed the trend-line connecting the extremes of waves 1 and 3. A spike: in volume occurs when there is unusually large volume, and it typically occurs in unison with throw-over. ------------------------------------------------- I am really exiting to see next move.
NSE:SUZLONLong
by Trade-Technique
38
Real-Time: Running Triangle - Support (2267 nearby) at wave ((D)Within triangle family, there's actually three types of triangles : 1) Barrier Triangle , 2) Expanding Triangle 3) Contracting Triangles. The most common that you will encounter know roughly, 80% of the time is going to be the contracting variety, and that's what we have here in front of you.This is a contracting triangle because you can see here you see the trend lines which connects the extremes of waves by ((B))-((D)) and ((A))-((C)) actually converge. The five waves move has specific sub-structure, identified as waves ABCD and E. Moreover, each one of those waves each structure within the move actually breaks down into three smaller waves, also identified as waves ABC. For the HINDUNILVR price chart has 3-3-3-3-3 sub-structure in which wave ((C)) has taken long time to complete and little complex as expected. Now, We are going to look support for the wave ((D)). Wave (C) at 2266 = wave (A).
NSE:HINDUNILVRLong
by Trade-Technique
7