Structural Confluence of Elliot and HarmonicsConfluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry
The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both
The 3rd wave could some times be BAT pattern or DEEP CRAB pattern in impulse, when it comes to elliot correction you will prob'ly see ABCD pattern in formation.
This will give you an idea of how to identify the confluence when you are looking for swing trading
Always keep in mind that there will be internal small patterns within the big pattern do not get confused while doing multi TF analysis thinking which pattern to follow, always follow the higher TF pattern.
Structure
Market structure - Nifty - 31st Mar 2020 - wyckoffOm Namah Shivay
Brothers, Today's morning opening was the observation, after the market had done the structure yesterday closing time.
The simple support resistance is able to tell, where market will go after hitting the trend line.
Whether it will go up to test the trend line or not ? For that I need to follow the market structure continuously.
I am completely on the learning and initial life of trading. So to say - I am starting to learn, after mistakes.
Question : 'Om' ( I the soul) is me, then what is the body, is it not me ?
Answer: I the soul is controlling the body from inside, the control parts in Hindi are called 'Indriya'/Sense organs. I am controlling ? How ? How do I seat in the body ? I the soul, stay at the center of the 2 eyes, on a place, called 'Takhat'/Chair/seating place. Where I seat, there definitely I need the control panels to control the sense organs of the body. etc. Hey! this is science fiction. Yes, A science to know - called Gyan/Knowledge. Knowledge of what ? self. Who does it ? A Yogi's first step. Then who is a Yogi.
Om Namah Shivay
Structure of the market - with - support/resistance lines - 2Om Namah Shivay
Learning the Structure of the market with support and resistance lines.
1. Continuously Draw trend lines to know the market structure.
2. Trend lines can be channels …
3. By continuously accessing the simple trend lines, market structure can be accessed
How does the soul ( 'I') look like ? Ans : The soul is a point of light smaller than a dot. That is me the 'I' where the thoughts come from, the judgement power stays, the memory stays in.
Om Namah Shivay