NIFTY 50 future TRENDS

[4xpipcounter]

ST, I agree with you (Don't we always?) that point provides valid R. The point I'm more concerned with that would indicate a reversal is the break of the swing high. If that happens, then the peak gets challenged, and then it takes on a whole new structure.

In your chart the 1-2-3 at the right hand side, if the market closes above the horizontal line drawn from the valley low ( from your chart it looks that it has just closed above ) then there is a strong possibility that the downmove has ended and the trend has reversed to up atleast for the time being.

Smart_trade

 

[4xpipcounter]

You don't know how bad I want to be right on this one with all the attention it got.

I might be following Sensex as close as I do the EUR/JPY--lol.

:thumb: :thumb:

I think the odds are against you for a serious downside in March. Let's see.. bookmarking this post for future reference.

 

[vinst]

But that does not fall in line with your Nifty review. As we know Sensex and Nifty both move in the same direction and if sensex has to hit 16500 then Nifty will be 5000-50 or so
in That case we shall also have bearish 1-2-3 on Nifty
Regards

A bearish 1-2-3 is already in force for nifty as well sensex.

 

[4xpipcounter]

Vinst, IMO, there was 3 of them (Depended on how you want to look at it.), and they all have completed:
A>B>C
C>D>E
A>D>E

That's not saying is cannot go even lower. It just appears the symmetry of all of them is complete, and in this case, looking foremostly at the A>D>E, as it is the largest, and it would override the others by virtue of that.

I wonder if Mano has some input on this, as it could also mean that the A>D>E could mean the first 3 waves of a longer term DOWN. That's not my view...yet, but I am picking his brain on that one.

jpeg image hosting

 

[timepass]

Vinst, IMO, there was 3 of them (Depended on how you want to look at it.), and they all have completed:
A>B>C
C>D>E
A>D>E

That's not saying is cannot go even lower. It just appears the symmetry of all of them is complete, and in this case, looking foremostly at the A>D>E, as it is the largest, and it would override the others by virtue of that.

I wonder if Mano has some input on this, as it could also mean that the A>D>E could mean the first 3 waves of a longer term DOWN. That's not my view...yet, but I am picking his brain on that one.

uffff.. now you got me stumped. Where is that alphabet soup ?? on which chart ??

And Pips, how did you think of that area chart of Sensex ?? I don't remember seeing it very often (other than students practicing Excel). But it is showing great price action (as compared to plain jane line charts)

Anyway, I am afraid of those intelligent guys in "Timing the market", but how's this for "Back to the future" scenario ?? Maybe a choppy rise to 5700 and then the stone ages..

 

[DanPickUp]

Anyway, I am afraid of those intelligent guys in "Timing the market"

TP

There is no perfect timing. Watch your own trades or go through all what ever you can see what is posted in this forum.

There is only: Some times it is very precisely timing the market and all the rest is MM by taking a trade, going out, changing the direction, going out and changing the direction again.

No one way, just adjusting or trading strategies with different derivatives until you are with the direction of a bigger time frame then the one you trade.

Just my two cents.

DanPickUp

 

[4xpipcounter]

Just another chart forgot to come to the dance (Lol, notice how I blamed it on the chart.). I guess it was like trying to eat the alphabet soup with a fork.

The chart from Sensex came from Yahoo. I was just trying to show the myriad of ways it could be traded, even if you don't know anything about the market.

I'll get to Savant's query later from "Diary of a Daytrader". This was more important for now, because I forgot the chart. (Now the chart is blaming it on me. I can't believe it--lol.)

uffff.. now you got me stumped. Where is that alphabet soup ?? on which chart ??

And Pips, how did you think of that area chart of Sensex ?? I don't remember seeing it very often (other than students practicing Excel). But it is showing great price action (as compared to plain jane line charts)

Anyway, I am afraid of those intelligent guys in "Timing the market", but how's this for "Back to the future" scenario ?? Maybe a choppy rise to 5700 and then the stone ages..

 

[4xpipcounter]

But, my! How beautiful they are when they are timed perfectly!

TP

There is no perfect timing. Watch your own trades or go through all what ever you can see what is posted in this forum.

There is only: Some times it is very precisely timing the market and all the rest is MM by taking a trade, going out, changing the direction, going out and changing the direction again.

No one way, just adjusting or trading strategies with different derivatives until you are with the direction of a bigger time frame then the one you trade.

Just my two cents.

DanPickUp

 

[DanPickUp]

But, my! How beautiful they are when they are timed perfectly!

My two cents you already know:

That is what we call .......................interpretations of the current market situation.

Instinct, knowledge, believing, experience and finally trusting in what is done.

 

[sudoku1]

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