We may see Euro going up continuously till June 22 in a corrective (y) structure . Rest Explained in the chart . Regards
I think its a good log opputunity after a correction to 250 - 260 levels . Regards
Explained in the chart . Notice the trendlines .Regards
When ever the so called wave 4 starts behaving like wave 2 and the so called wave 3 is no more than 2.618 of wave 1 then expect wave 5 extension . 1 in 100 will you find wave 5 in wave 3 . Rest is the chart given for serious waivers . Regards
Its making a running flat correction right now . After this is over look out for a big wave 3 to happen . I would be long in this at the trading edge. Regards
Trading edge . Explained in the chart . Regards
Explained in the chart . This is for those who are really into Elliott waves . Regards
Explained in the chart . Never use Elliott Wave alone . Regards
When ever if we see a 5th wave extending . We need to look at the following 1. Slope of wave 1 > wave 2 > wave 3 . 1.So trend channel will look like a megaphone pattern . 2. Wave 4 has to be deep becoz wave 4 will behave like wave 2 . 3. wave 5 may be 1:1 frm wave 1 to 3 extended from the end of wave 3 . (More on this later with a good example) But most...
This rules applies only for those waves where 3rd wave is extended . I will talk abt 1st and 5th wave extension and LD's with angles with examples in future . Now when ever u see a 5 wave structure draw a line joining wave 2 and wave 4 . If the impulse has to end then the 2-4 line will be broken in lesser or same time than it took to form wave 5 . And it should...
@akrock861 . This stock may be multi bagger . Regards
I dont think so .Becoz wave 5 is acting like wave 2 . Any ideas from waivers Regards
I expect wavers to see wave 2 and 4 of different degrees and tell whats wrong with this count . And if someone can publish an alternate count it would be great. Regards
Explained in the chart as a positional trade. I have not given any SL's or targets . Regards
Explained in the chart. Always look for Elliott waves wrt to call and put writing . Option buyers are seldom winners Regards
I would love Deepak Nitrite to fall within previous wave iv of one lesser degree at 38.25 . Becoz the waves are still in making . Explained in the chart . Regards
Always beware of a corrective ABC pattern when a stock is below its previous highs in a bull market . It is tradeable but not buy and hold. Expalined in the chart . Regards
In midcap/smallcap bull market always beware about a truncated 5th wave (as shown). And a 5th wave extension in large caps (I will take a good example later on) . And always look out for alternation in wave 2 and 4 to spot (I will explain these parameters later) . Rest is explained in the chart . Regards