In continuation to my previous post........ I need to delve deeper and further as the 15 tf is showing all the downside waves are done. Give me some more time to think and see properly and then take a call on the wave structure.
I still do not see much to cheer about. What happened today and the moves up were basically OS conditions on the Smaller Tfs... but Market is Not out of the WOODS yet. I can still see wave C pending to the downside . Please understand my analysis from HOURLY/WEEKLY tfs will certainly differ from SMALLER tfs, and hence there must be NO CONFUSION in your minds...
This is how I see SGX Nifty. It needs to Move out of the TRIANGLE. This TRIANGLE exists in the 3/5/15 tfs. The Question now remains will we be able to replicate sgx ???? We should get a gap up..... how much ???? Remains the Question. On NF..... there were Some FRESH LATE SHORTS added in the 17067-85 range... hence yesterday i mentioned that should we get a GAP UP...
The DJIA future charts as I see it LIVE and CURRENTLY. Has some interesting set up poised... breaking and sustaining above 29725, it can go right up to 32000 zone. However Early days to be ANTICIPATING . I however SAW something very interesting on the 3/5 minute tfs..... an ENDING DIAGONAL. Needs to be seen whether we can take off yet
The DJIA chart Must be co related to DJIA spot. To Me again.... I see wave 1 up starting on the DJIA futures.... and the Minimum required level for sustainence and upside is marked in the BOX
Everything to ME points towards a wave 3 up starting on the Indices..... BNF MUST GAP UP tomorrow above 38736, Opening above 39167 would be even better. As can be seen the 23.6% Minimum retrace required to Hold the BNF stands at 38561. The Rest of the Moves on Hourly will come as per minor waves completing from time to time
NF will need to GAP UP tomorrow above 17077 and sustain this level for further upside. The Fib retracement to the Left is the entire wave and to the Right is the Recent wave high marked in Blue Lines. I made Money Intraday and went LONG at close even tough it was a TOUGH DECISION to make . A break of 16950 will open up the gates to further downside towards 16880.....
The TRADING PLAN for NF as marked for everyone to see....... Time to Go Long for 200 points UP apprxx.... from where selling will take place for 16950 apprxx....... Since NOONE Gives Me BOOSTS/LIKES...... I wont update intraday.... Measure the Risks/Rewards and do as per your own understanding. Please co relate the BNF accordingly. I wont post the BNF chart. It...
Extremely Interesting charts are Developing ALL OVER. The DJIA futures/ DJIA spot have identical setups..... WE ARE ALREADY INTO OR PRETTY SOON A BOTTOM SHOULD BE IN PLACE ..We also have the BUTTTERFLY READY TO FLY. All DJIA needs to do is CROSS ABOVE the BLACK LINE ZONE
It is painful to keep shifting MY STANCE as regards the markets. Frankly, I cannot help it. I simply have to shift my analysis based on what the charts tell me. I do NOT make such things up and present them to you all. I simply put forward what the MArket is showing Me. Adding to that is the Difficulty of trading such a Market. Look You have to be suuper fast in...
Please co relate the DJIA futures chart with the Spot chart and act accordingly....... Doesnt look Great to Me as of now LIVE..What Each One of you has to understand is this..... DO NOT HAVE ANY BIAS when you trade. Follow your chart and what it tells you
Everything which needs explaination has been marked for your Reference on BNF..... Every Rise must be sold into..... every fall must be bought into @ Play the SWING for now
The TRICKY PATTERN Finally Emerges today as Marked ....... I would be Looking at a NEW LOW Tomorrow on NF towards 16950. A s was explained a few days ago..... we are in a Range..... 16800 to 17220 now...... One side decisive Move above/below these Levels will Draw up the Next MAJOR MOVE. I had an amazing day trading today, DID U ???? I kept giving Running...
Providing the BNF chart as well for your understanding. I have not marked a minor 2 down yet..... Look for support at the 2 RED LINES before you take a Long position.
This chart of NS is marked for tomorrow...... What I think will happen is that It will take Support in the Orange Line Zone @ 23.6% fib retracement OR Just above it and Bounce back towards 61.8% 17465 and 78.6% 17665-70 level and then FALL BACK to complete the entire wave structure of 12 ABC. 1. Currently 12 A have been marked correctly. The B wave looks a little...
I hope those who took Longs yesterday at 17220 were cautious enough at 17332 and covered all their positions on NF. I sent all these messages intraday to you all on my posts..... Furthermore, the BNF chart is enclosed for your disposal marked with different DEMAND/SUPPLY Zones on different time frames. IF YOU know how to count 12345... 12 ABC..... you will NEVER...