Nifty Entry ,Exit ,Target levels with Median Line Charts Part 2

[a1b1trader]

Hi Friends

Observed this crossovers of 2 APFs at the closing of 13.9.13, in NIFTY 60 minute chart.

APF experts, please
Am I right if I analyse this crossover as

Now it is time to correct Nifty, if breaks below this crossover
Possible target 5650

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[Kavima]

Hi a1b1trader
In the Daily chart,the price has moved out of the downsloping pitchfork channel.So the bias is positive.Previous high is at 6094.
60 min chart , a high from previous downswing high is there after which a low,then higher high has formed.So the bias is again positive.The test of the immediate high at 5932 on breakout of the energy coil is unfolding today.As per PF, the wave is moving sideways and look out for an intermediate top at 5950-6000.

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[a1b1trader]

Price just stopped at the UML
Now will it move upwards or will it move downwards


NS APF as on 18.9.13

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NS APF as on 18.9.13 (zoom)

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[Kavima]

Intraday Entry setup and projected targets

 

[Kavima]

Intraday reversal from Low...

 

[Kavima]

8.11.13

Median Lines with 1 min charts

 

[Kavima]

14.11.2013 Thursday

 

[Kavima]

18.11.2013 Monday

Intraday target projections ( 5 min chart)

 

[Kavima]

21.11.2013 Thursday

 

[Kavima]

22.11.2013 Friday

Snap shot at 10.57 am of 1 min chart.

The downsloping PF from pivot 1 is the major PF defining the downrtrend which is the bias right now.
Morning it has hit the red UMLH, reversed and hit the Median line at pivot 4 and pivot 5.Drawn a PF from pivot 3.Price is moving parallel to the green LMLH and if it tests the red UMLH at the confluence of green and red ML/UMLH and reverses,then there is a setup to short at these levels.

Snapshot at 11.27 am

Price zoomed above the red UMLH.

Snapshot at 12.30 pm

Intraday short on breakdown from magenta channel .

Snapshot at 1.04 pm

A new red Downsloping PF was drawn when the price reached a little higher than Pivot 2 and started falling.It broke out of the channel triggering a short setup.Ideal short entry at test / retest of the UMLH.

Snap shot at 3.07 pm

Price pulled back till the UMLH and the breakdown from the pullback trendline , below minor pivots was a perfect short Entry.Targets at Median line and below Swing pivot was reached.

Snap shot at 3.30 pm