ruebennase

NIFTY50...Thunderstruck!!

NSE:NIFTY   印度Nifty50指数
346浏览
5
346 5
Hello Traders,
this week opening occur with massiv gap down to all Major Indexes around the World! US Markets are still in fear as of Deflation, Inflation , of higher rates and, and, and! The same analyst who wrote the last weeks:“..the Sky is the limit..“, appear to know why the market is falling now! That is the tragic of those writers!
My last analyse from Friday, 02 was titled with „Wave (A) of ((4)) is done! As we know now it was not! At the other hand I wrote that a lower low is still possible, but I never forecast this massiv Gap down after Fridays session in NY!
So, as it look for now, todays low @10586 is either wave ((c)) of (A) or wave (3) of an impulsive move to the downside. It stretched more than the 2.618 of the lenght of wave ((a))! And it exceed the target to the downside at 10666, which is a wave 4 of lesser degree!
So for now the odds are not clear and many will depend upon traders behavior in US!
As I commented yesterday one subscribers question, the long term outlook to my view is bullish for India but it is still possible that a wave 4 correction of higher degree has started!
So if you don`t have to trade step at sideline and wait till the first storm is past and checkout for a clear view!
I will do so too!
Have a great week...
ruebennase

Questions and Comments are welcome! 
Note!---> This analysis can be wrong. It is just in my view the one with the most probabiltity with the Data which are available to me and by my interpretation of the EW Theory. If you trade this it is done by your own risk and decision! Keep that in Mind!!!! 

Data by NSEIndia.com and moneycontrol.com!
Gold aint moving nor is the usd/inr much
回复
Also another question ,what is the level at which the minor 4 of 5 gets invalidated and we can conclude that this is something else happening?
回复
Sir in your comment you say it is either wave c of an abc structure or
Wave 3 of an impulsive move to the downside.
Could you help me in understanding the second option as in what possibility are you looking at and what is the wave structure for this wave 3 to the downside?
Where is wave 1 and 2?
Are you trying to suggest that this is not the 4th of the 5th and some other move has begun?
Regards
回复
ruebennase dheerajsood
@dheerajsood,
the correct labeling for the a-b-c must be as following: (A)/(1)-(B)/(2)-(C)/(3)! If the wave structure is not clear, you use this labels! Be eliminating one opportunity after the other, the one with the highest probability is the one u have to follow!
回复
Thank you for the update. Covered all shorts in today's opening. Now on sideline, waiting for a pattern confirmation.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出