My charts (and yours too........)

kaly422000

Well-Known Member
Thanks, saw it on icharts.in but cant make much sense of it, everything seems bullish tho. Sharp trend reversal, third touch on a trendline etc.

What would worry me is volumes are low and theres a huge gap-down with a flat top the following day [stock didnt even try to rise after open], but then that happens at times when the stock tries to 'seek' a support, however it could also be a 'bad news' gap down. Moreover some buyers will always tend to come in at every support, thsi could be mis-leading. OR the stock could head up to the gap to either test it or rise thru....

in short, cant make out whats going on, any inference would be just speculative :(
http://img248.imageshack.us/i/ekcv.png/ hi elliot in monthly ekc chart can u point out wave count
 
http://img248.imageshack.us/i/ekcv.png/ hi elliot in monthly ekc chart can u point out wave count
*lost* cant say, could be a correction that continues down, could be something that goes up (since its still in the territory of what could turn into a first, which allows as much as a 100% retracement).

So far im just studying corrections turning to impulses.. in very specific / tigh patterns. Dailys are easier for me to analyse (only once clear corrective waves are identified).

Ill post some material in a day or two, collected fm various sites.

What i look for very specifically are structures of this kind : [EKC, daliy]



Another eg.
BGRENERGY shows a ABC like correction, then a Impulse like structure, today it recoiled off the 61.8% retracement, but its still hard to say a thrid would come in till it closes above the top of the suspected first.

will post some material ASAP.
 
== ELLIOTT WAVE MATERIAL ==

The material has been collected from various sites [some, from Traderji too, i think] websites where i got them from are either mentioned in the file or is refleted in the filename, replace "-" in filenames with "\" and "wwwNOT" in a filename would mean, its not a 'www' site.

Ive compiled the pages in MS Word for easy printing / reference.

Elliot wave material.rar

http://www.4shared.com/file/uVJjdL3k/Elliot_wave_material.html

Format RAR
size approx 2.9MB
Folder is included in the compressed archive, no need to create one.

[Same link, pasted twice]
 

kaly422000

Well-Known Member
i am also very much novice in elliot wave but as u r using metastock , i know there is a elliot wave plugin for metastock or best if u can use advanceget
 

babukraman

Well-Known Member
== ELLIOTT WAVE MATERIAL ==

The material has been collected from various sites [some, from Traderji too, i think] websites where i got them from are either mentioned in the file or is refleted in the filename, replace "-" in filenames with "\" and "wwwNOT" in a filename would mean, its not a 'www' site.

Ive compiled the pages in MS Word for easy printing / reference.

Elliot wave material.rar

http://www.4shared.com/file/uVJjdL3k/Elliot_wave_material.html

Format RAR
size approx 2.9MB
Folder is included in the compressed archive, no need to create one.

[Same link, pasted twice]
RnE,
It's really very nice :clap: :clap: of you to share your various notes and tutorials on EW with us. The amount of materials you've collected really shows how much time and energy one should spend in collecting the various useful materials and studying them to become familiar with the subject. And EW is just one of the many facets of TA.
You're really a star to share these tutorials with us. I thank you!
Possessing is human; sharing is divine! :thumb: :clapping:
Cheers!
Babu Kothandaraman
 
Last edited:

babukraman

Well-Known Member
Hi Kaly,
As per your first chart, R and S b/o target (of 20 points), the stock hit the target with an intraday high of 250 yesterday. So, a good breakout. :clap:
As per the second chart, I don't know Bearish crab pattern. So, can't comment on it. Sure, there must some AFL like codes to detect that pattern. Isn't it? Anyhow, it's out of my league as I look for patterns like your first chart with a few indicators.
Cheers!
Babu Kothandaraman