iCharts Discussions

[kiran.jain]

hello guys..... so 2day(20/05/2008) we completed wave iv..... so what would be target for wave v????

regards

[swaroopbn]

Dow had a massive fall overnight - ppl who are sitting on Nifty short will get another chance to exit and lock good profits today. However Asia mkt is resilient today - HSI, Straits and Taiwan are posting moderate losses anywhere between -0.5% to -1.0%. Let's see what Elliot is in store for us. We are heading down - but how much more

Please find below the latest Nifty snapshot



So what we see - we are precisely in minute wave iv. This minute wave iv promised to be in a-b-c form. Y'day we completed a and b. And during today opening we will see c. Big question now - what will be c low

There are 2 options

1) Considering iii completion at 5265, iv won't get into i territory. Hence iv low > 5065 (i high)
2) Considering iii still in progress, iv will retrace below 5065 and peak at 5013 - normally c is 1.62xa hence c = 5166.65 - ((5166.65-5072.75)*1.62) = 5013

In both the cases 5010 is saved

In short watch out the levels 5065/5013 for today.

Happy trading

[E200105]

The explanation is quite superb.

[mayurnsk]

Hi swaroop

Good morning

Nice post and good explaination. Right in approch.


Regards
Mayuresh Jahagirdar
Nasik
Maharashtra

[vetrivel]

hi mayur,

Good initiative and good understandable flow.

Thanks and good wishes,

with Love & Regards,
Vetrivel

[kiran.jain]

hmmmmm......
so iv did in a-b-c manner......
what would b tgt of v?? say in both case....... 12345 or direct...

regards

[pradyehv]

Swaroop,
Very nice analysis. Thanks.

[swaroopbn]

Hmm... So it's working

EW level 5010 was rock solid atleast for today ....

Now some food for though - based on nifty's retracement i am changing the minor/sub waves a little bit

Please refer the chart below



Just to reiterate we are in sub/minute wave 5 of Wave 3. In that wave 5 we have completed wave i and ii in in progress (or over at 5010 today).

The wave i completed in 1-2-3-4-5 fashion. After i we are undergoing ii in a-b-c fashion.

a: 5166-5048
b: 5048-5135
c: 5135-5013 (or may be max till 4974 - funda applies here too c=1.62a)

After c completion i would consider corrective wave ii will be over and iii will start.

Now the big question tgt for iii

Ideally iii = golden ratio X wave i

Going by that rule iii completion will happen at 4915+1.62x(5167-4915)= 5322

Wow - that'z a good number

Tgt - 5322
Support - 4974

Will be able to post more on support/target levels once iii starts. Just one thing iii if it happens will happen very fast and reach it's target quickly.... because iii is the wildest impulse wave

Happy trading

Swaroop
Hyderabad

Disclaimer: This analysis is done by me based on my little knowledge on EW. Please do your own analysis before taking a trading call.

[santoshkpai]

Dear Swaroop,

It is a GREAT initiative, I guess such a great science (EW), unless propogated by yourself and BABA will not get its due recognition.

The best part of your posting has been the graphical use of presentation, which makes it a whole lot easier to grasp and REGISTER. I understand that the KEY to grasping this concept is numbering the WAVE, probably if you guys continue this efforts, all boarders would latch on and we can then have a BIG EW COMMUNITY.

At this point, I have one question for u, do u use a 30min tick for the graphs or 60min.

Kudos.

Best regards


Santosh K.Pai

[stockscasino]

Good effort to let us all know about that sir.

[mayurnsk]

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Regards
Mayuresh Jahagirdar
Nasik
Maharashtra

[mayurnsk]

Hi Ichartians


Here is what advanced geowave analysis is saying , its called geowave analysis.

The nifty might bottom out at 4880 and rebound till 5050 plus levels. Then will again fall.

Check the picture


Regards
Mayuresh Jahagirdar
Nasik
Maharashtra[/code]

[mayurnsk]

Hi all
In addition to above post, posting EOD pic of Nifty. This as per geowave.net



Mayuresh Jahagirdar
Nasik
Maharashtra

[marne.vivek]

Hey based on my analysis of Elliott Wave Expanding triangle, posting two charts, like which of the wave count to be considered..

Pls reply


PS there was error in previous file name, its Expanding Triangle.

[mayurnsk]

Hi
Vivek


Nice that you are picking up some of Elliott wave. nice to see that. The second picture is more possible.

Just keep it up.


Regards
Mayuresh Jahagirdar
Nasik
Maharashtra