Wave analysis is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. There are several advanced wave theories. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves. NeoWave theory is an expansion of Elliott Wave concepts, with the goal to reduce subjectivity.
Wolfe wave patterns contain 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded and its length can be predicted based on prior waves. The Kondratieff Wave, also known as K-wave or long wave, is a cycle-like phenomenon affecting all markets. These waves can last between 45 to 60 years. TradingView has several smart Elliott Wave drawing tools that allow users to identify impulse and correction waves on the charts and label them in any of 15 degrees.
10:00 Hrs - 17th July 2018
Last Price@574-575
Post Market Read - Check Trading Strategy in Market Time
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It was 08:30 IST -15th July 2018 - Everyone was excited for Fifa World Cup 2018 Final Match between France & Croatia- ...
EURUSD has been trading in a sideways market for the past 2 months since it got supported at 1.15.
Straight to the point, a Gartley pattern is about to complete its point D near the bottom of the sideways market.
And coincidently just before this current Gartley is forming, another Gartley has completed.
Well, I don't really know what that means, but seems like ...
12:07 Hrs 13th July 2018
Last Price@605.50
Auropharma loves 600 - I love 600 - "if" Bat loves 600 - scenario becomes more sweet for upside targets
Target 1 - 612-613
Target 2 - 625 -627
Target 3 - 635-637
Potential Reversal Zone(PRZ)
PRZ for Bat is 600 - 605
Stop Loss (SL)
Below 595 - Which is danger level as mentioned in last update.
Trading Strategy ...
PC Jewellers is a highly volatile stock and trading not recommended for amateurs or weak hearted. However it has shown a consistent uptrend in the last few trading sessions, which could be result of the buy-back procedures and voting in progress. However, it does show a likely hood for a bounce, which may be a correction after the last low in the 120s range.... ...
the stock had not performed yet , and is one of the most badly beaten stocks in the IT sector thus , now to maintain the index the stock need to perform and current structure as far as its above 650 looks very well!
Ashok Leyland expecting Zig-Zag correction. Looks like completed Wave A & Wave B of the correction. Now making a 5 Wave downmove as Wave C. At present completed Wave 2 and into Wave 3 of Wave C. Expected Target Zone 130 Levels. However, expect a overall bigger correction of the last upmove. So expecting ashok to move sideways for some time forming a WXY corrective ...
