Wave Strategy Home Forums Trader’s Forum Master of Waves – Elliott Wave, Neo wave, Time cycles Q&A Jan 2021

This topic contains 60 replies, has 4 voices, and was last updated by Profile photo ofashishkyal Ashish Kyal, Author, CMT 2 days, 8 hours ago.

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  • #245493 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    Please post your charts, doubts, Queries here

  • #245495 Reply

    sanjay jain

    jan 15 silver m15

    • #245603 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Amazing counts. Just check if wave 3:4 has taken more time than wave 3 for valid Impulse pattern as per Neo wave.

  • #245498 Reply

    Bhaskar

    Hi Ashish, For an ongoing market move (say a larger leg of overall pattern, which contains minor degree), should the two stage confirmation be applied on last leg (last minor degree wave)? For e.g. In Nifty, in this ongoing diametric g, should the 2-stage confirmation checked for c of g OR v of c of g OR for the entire g? I think this is where most attendees got confused today.

    • #245606 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Very valid point – If wave g confirmation to complete we need to see wave c of (g) should be retraced back in faster time but post that there can be an x formation. So for entire rise to complete we need to see 2 stage confirmation for g leg i.e. wave g should be retraced back completely in faster time.

      • #245755 Reply

        Bhaskar M
        Participant

        Nifty hourly

        Dear Ashish, can this ongoing g in Nifty be marked like this? Is this valid?

  • #245501 Reply

    Mubeen Juvale

    This is the 60 Min Chart of HDFC. Can you please confirm whether it has crossed the two stage confirmation on downside

    • #245607 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      It has almost to the same number of days as far as I can count. Try and count the rising days and the falling days from where last wave started.

  • #245502 Reply

    Mubeen Juvale

    This is a 60Min Chart of HDFC. Can you please advice whether the two two stage confirmation has been achieved in this for the downside.

  • #245530 Reply

    pooja

    • #245609 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Counts are not correct. It is in extended sideways action. Try first on a simpler chart.

  • #245593 Reply

    Aditya Tulshibagwale

    Impulsive move in Tata Motors?

  • #245659 Reply

    Tata Elxsi weekly chart. Although 5 waves counted looks correct, not sure if diametric correction marked is correct or not since there is no two stage confirmation. Another question, if at all that’s correct count, how should be target for wave C or 3 should be set? on Log based Fibo extension or normal Fibo extension?

    • #245800 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Counts are very much valid. Target can be derived by projecting wave C equality with wave A on a arithmatic chart and also on a log chart as it is very big move.

      • #245805 Reply

        On arithmatic scale it has already crossed 1.618 times of A so I guess need to derive from Log scale.

  • #245684 Reply

    Rishi Parikh
    Participant

  • #245683 Reply

    Rishi Parikh
    Participant

    tata motors

    • #245722 Reply

      I think its complex correction, where most recent rise which is an impulsive move would be A of zig-zag and before start of zig-zag, there is a diametric pattern which is connected by wave X.

      • #245799 Reply
        Profile photo ofashishkyal
        Ashish Kyal, Author, CMT

        I agree with Aditya on this. The entire rise cannot be Zigzag

  • #245737 Reply

    Bhaskar M
    Participant

    Dear Ashish, Can this be a valid count instead of marking ongoing up move as e of g?

  • #245759 Reply

    Bhaskar M
    Participant

    Nifty hourly

    Dear Ashish, is this ongoing g in Nifty be considered with above marking? Is this valid?

    • #245798 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Very well counted Bhasker, This can be one of the possibilities..

      • #245811 Reply

        Bhaskar M
        Participant

        Thank you Ashish. My only doubt was b is too small here compared to f (though equality is just only a guideline).

  • #245815 Reply

    Rishi Parikh
    Participant

    • #246297 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      INR is in corrective rise and not impulsive as it does not fit the bigger wave pattern and also wave C you marked in Flat should be impulsive and not corrective

  • #245851 Reply

    RISHI PARIKH

    • #246298 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Very good observation on this one..

  • #245907 Reply

    RIMPLE PARIKH

    • #246299 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      try marking this as a-b-c-x-a-b-c-x-a-b as the first leg of zigzag fits very well and wave b is taking more time

  • #245908 Reply

    RIMPLE PARIKH

    SIR , I AM FACING ISSUES WITH RESPECT TO POSTING OF CHARTS , THE CHARTS GET POSTED BUT THE SPACE FOR WRITING COMMENTS DO NOT APPEAR.

    SOMETIMES MEMBERS LOG IN TOO DOES NOT WORK .KEEPS BUFFERING.

     

    I HAVE POSTED FEW CHARTS ,IF TIME PERMITS PLEASE DO HAVE A LOOK AND GUIDE US .

     

     

    • #245979 Reply

      I faced same issue initially. 1st type your comments and then insert image. It works. Images gets inserted below your text.

    • #246300 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Type the text and then insert the image.. Member login mail the error you get to helpdesk@wavesstrategy.com

  • #245912 Reply

    Rishi Parikh
    Participant

    • #246296 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Rishi, cycles are not capturing lows very well. Try to increase the periodicity. Wave (C) of X is not impulse so X might be over earlier where you have marked (A). The entire rise can be a Diametric again..

      • #246475 Reply

        RISHI PARIKH

        Is this plotting correct for extracting triangle?

  • #246469 Reply

    RISHI PARIKH

    sir, while plotting a corrective flat/zig zag pattern, is it possible that the C wave rises in diametric ?

    the plotting i was looking at in bpcl post march fall, satisfies few conditions of flat , but impulse doesnt fit.

    pls guide

    • #246550 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Pls check the rules and patterns of Flat 3-3-5, Zigzag 5-3-5 and Diametric 3-3-3-3-3-3-3

  • #246477 Reply

    RISHI PARIKH

    sir can this be termed as complex correction  as double diametric and second X wave in formation?

    • #246551 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      Yes, but your first wave x is incorrect

      • #246568 Reply

        RISHI PARIKH

        Sir, How can i determine the time and length and price of wave X ? how can we determine whether its over or still continuing .

  • #246479 Reply

    RISHI PARIKH

    complex correction, diametric  X zigzag, is pattern identified correct?

  • #246571 Reply

    RISHI PARIKH

    is this impulse plotting correct?  2-4 trendline is breached in faster time. present retracement is 61.8% from last top. 

  • #246572 Reply

    RISHI PARIKH

    Sir , Is this Impulse wave plotted correctly and can diametric pattern form as i have plotted in the chart.

    since X has been formed on top of the trend line ,can we make a decision to enter sell position assuming it to come towards lower trend line or we should wait for another pattern formation and then take a buy/sell call ?

    Seems like should enter sell but at the same time the the candle has just come above the green cloud of ichimoku.

    please clear my doubts.I am not going to take any calls ,its just for knowledge and learning interpretation from you.

  • #246579 Reply

    RISHI PARIKH

    sir , is wave g forming an extracting triangle? 

  • #246580 Reply

    RISHI PARIKH

    is pvr forming complex correction with diametric and zig zag?

  • #246599 Reply

    Sunpharma Daily chart zig-zag?Sunpharma daily

  • #246600 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    Looks good Rishi

  • #246642 Reply

    RISHI PARIKH

    Sir ,I have posted few individual charts ,with few queries on those chart patterns ,can you please answer those Individual queries so that I can get clear answers because you have just written ” looks good Rishi ” ,that’s fine but my queries are not resolved ,so if time permits and at your convince please view my individual charts and would be thankful if you answer my queries.

  • #246685 Reply

    Rajendra Burhade

    internal structure of leg g

    • #246686 Reply

      Rajendra Burhade

      If leg g started from 29698 on 28th of Jan 2021,  the possible internal wave counts of leg g are marked for your perusal.

  • #246707 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    This is very small timeframe, we have to wait for pattern to evolve..

  • #246830 Reply

    Sanjyoti

    Good Evening Ashishji,

    Kindly check if the impulse wave count is correct in MRF daily chart?

    I have marked as Wave 3 is still ongoing, do confirm!

     

  • #246856 Reply

    Sanjyoti

    Good Morning Ashishji,

    Kindly check if the impulse wave count is correct in MRF daily chart?

    I have marked MRF Daily chart for Impulsive pattern Wave 3 is still ongoing, do confirm!

    • #246905 Reply
      Profile photo ofashishkyal
      Ashish Kyal, Author, CMT

      I do not see the chart. Can you post it here?

  • #247152 Reply

    Indiabulls Housing Finance weekly chart

  • #247243 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    Amazing counts..

  • #247325 Reply

    RISHI PARIKH

    Hello sir,

    is this plotting correct for extracting triangle?  as per post pattern implication tgt is as per largest wave A, am i right on this? Also wanted to know that does post completion of e, the price moves in opposite direction. pls guide sir am getting confused on this.

  • #247988 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    This is non limiting triangle as it is part of complex correction. Within this targets are not limited to widest leg of Triangle. Post completion of E bigger degree down leg should start. In Extracting Wave E should remain smaller than wave C and Wave A.

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