Elliott Wave Theory

[durgesh]

MCX Gold seems to be out for a morning jog

 

[durgesh]

Here is a 15 minute chart of Nifty . It seems to be tracing out a leading diagonal wave 1 and getting redy for a pullback in wave 2. Let us see how it pans out.

 

[dipankar_ghosh]

Durgeshji, this is really an invaluable thread and traders knowing EW principles r ahead of others in the market. Request u to project Jisljaleqs targets. Thanks in advance

 

[durgesh]

Once market moves past wave (i) , the sprint begins .

 

[durgesh]

Here is a count on MCX Crude which has turned rude
Placing a count on this down move is plain insane.

Daily

Hourly

 

[durgesh]

Let us see how the waves pan out in BHEL.

 

[durgesh]

Here is a look at the BIG picture on Nifty . So , this is how it is supposed to go :
The ongoing correction can take Nifty in the vicinity of 7400 . There on a rally to 9000+ . Here is the scary scenario : A drop back to about 5000 :sos:

Now, here is the good thing . None of this is certain but just a probability depending on many factors and the foremost being if i have the correct count:clap:

 

[durgesh]

इस रात की सुबह नहीं
Near Vertical drop in wave 3 of C on Monthly charts in EURUSD

 

[niftychartreader]

Here is a look at the BIG picture on Nifty . So , this is how it is supposed to go :
The ongoing correction can take Nifty in the vicinity of 7400 . There on a rally to 9000+ . Here is the scary scenario : A drop back to about 5000 :sos:

Now, here is the good thing . None of this is certain but just a probability depending on many factors and the foremost being if i have the correct count:clap:

Interesting counts
But dont you think you have missed the counts at low of 2009 and at high of 2010 (starting point of both trendlines) OR I am missing something

 

[durgesh]

Here is one more ending diagonal in the making in CADJPY

Monthly chart

Daily Chart