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

Can expert please check whether this is a valid wolfe wave pattern.Also if so can some one explain whether the pattern will be valid if EKC trades below 80 for say a week.
 
VSA is great, I read it before knowing types of candlesticks. It is a alternative to candlestick patters in OHLC chart but the best part is its relation with volumes and smart & dumb money concept. :)
 
RnE,
Thanks for your exhaustive, desperate for a "Volume-Price" action thread (discussion) on TJ. Surely, we'll, one day, start this thread. I just happen to read Tom Williams' "Master the Markets" some months back. It needs to sink in and then I might be able to write a bit on it. That's the reason as well, sometime back, I've asked for any one with VSA views to post their charts here; but not received any charts.
But, I'm not sure if that's the only or "the" system as mentioned by you. Because, I've just started learning TA and learning it to view with help of the indicators. So, it's very difficult for the newbies like me to get the indicators out of our system. Hope, one day, I might be able to think out of the box and see things on a broader perspective! However, I'm always open to leaning new things; So, EW and VSA are on my learning radar next!
Due to personal commitments, I'm not able to post that many charts here since the beginning of this year. Sorry about it! Hope to join you all with the charts at the earliest! However, I've been following all the charts posted here. Good luck!
Cheers!
Babu Kothandaraman
babu ur study is very good but why u no post ur chart from many days
 
yup looks like its poised for a dip, starting as early as 2morro, IF price opens on / below 665, or an open on/below todays high and breaching todays close. Seems all set for a slide.

price slipped below the previous bottom yesterday, (prev swing bottom made on 17th jan). This ones been on my radar for a while, just waiting for it to get set n go.
 

veluri1967

Well-Known Member
My thoughts are nothing to do with your analysis. These are just my views.

I see a lot trapped at levels of 6200 to 6300 especially when Nifty gapped up depicting an exhaustion gap. When Nifty tries to show its head up, trapped are getting in to get rid of their holdings. Thus each rise of Nifty is beaten up by them. Nifty is unable to absorb this selling pressure at higher levels and drifting down low. Probably Nifty exhibiting a shake out correction to imbibe fear in those trapped. Nifty stabilises once a big shake out takes place, may be a sharp correction up till 5400 could do that. It expected to happen this month so that Nifty will be ready to see new heights by March.

I could be right or wrong. Lets see how the time unfolds Nifty moves.:)
Nifty at levels of 5400 today. Its not that I am right but the feeling of being with the market makes me happy. Now Nifty should settle down at these levels +/- 200 for sometime before taking a direction.