NIfty elliott wave analysis

NIFTY

>>> click on chart to enlarge it <<<

To Understand the above chart one should have knowledge of Elliott wave Theory.
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What is the Wave Principle?

What is the Wave Principle?

The Wave Principle is, first and foremost, a detailed description of how markets behave. It’s a study of how human beings interact collectively in the trading arena. It’s also called the purest form of technical analysis because it objectively measures the true market impetus.

Nifty Elliott wave count

NIFTY

Nifty near 5 wave end next counter trend on road map. 

Trading technical indicator cci: commodity channel index

The Top Technical Indicators For Options Trading

There are  three important things while trading option.

• Range of movement (How much - volatility),
• Direction of the move (Which way) and
• Duration of the move (How long - time) 

Bollinger band (expansion and contraction of upper band and lower)

Relative Strength Index (cycle between 60/40 zone or overbought/oversold zone)

MACD (direction of trend)

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Dollar index elliott wave count



Dollar index

Dollar index moving higher.above count wave 3 end wave 4 will start, wave 4 could be temporarily pause for dollar index.

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more update soon...    

Dow Jones Industrial 30

Dow Jones Industrial

Above chart shows -ve divergence (rsi).in above chart trend-line is supporting a major advance. if DJIA break such trend-line than we might see lower levels up to  15300 even less.

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more update soon. 

china temporarily stop of bull ???

china index

china index, sse composite index -ve divergence which indicate decline.

Gold triangle break more decline, and what more decline means 1000$ or end of trend ? ? ?

GOLD

#gold triangle break will trade in decline, gold may touch 1000 $ mark in coming days...
gold more selling pressure will be seen in continuous trade.

more update soon stay connected with this blog for more exciting update...

Nifty strength less or power pack ???

Advance/Decline

                                                                                                                  Data courtesy: icharts.in

Advance - decline line tells the clear picture ahead,less number of advance creating weak strength.

advance - decline line always shows great strength about market.

above chart clear your next trade with the help of a/d line.

china elliott wave update

sse composite index (china)

china continues to move towards new high.
wave 3 till strongly drive major stock in sse composite index.

wave 3 extension

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more update soon...

cac 40 elliott wave count

cac 40 index

As per elliott wave principle cac40.

cac 40 index A-B-C zigzag gets over. preferred wave count i-ii , (i)-(ii) moving in wave 3 extension.

alt wave count flat in larger wave count sub divide in (3-3-5).or moving towards new high.

more update soon....

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Using the Ichimoku Cloud

The Ichimoku Kinko Hyo Chart,

A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

Use

Commonly used in Japanese trading rooms, Ichimoku is often applied to establish the trend for a pair and detect trend breakouts. It is decent during range bound markets and like most indicators performance often improves when used over longer time frames.

History

The Ichimoku Cloud was originally called the ‘Ichimoku Kinko Hyo.’ Where Ichimoku means ‘one glance,’Kinko ‘balance’ and Hyo ‘chart.’ Thus the full translation could best be described as ‘one glance balanced chart.’ Originally developed by Goichi Hosada pre WWII, a newspaper journalist (published in 1969) who wanted to develop an Uber-indicator that could provide the trader with various levels of support/resistance, entry/exit points, direction of the trend, and strength of the signal.

Kumo, the Ichimoku Cloud

It later became known as the ‘Ichimoku Cloud’ since the most characteristic feature of the indicator is the cloud (Kumo), which is designed to represent various levels of support and resistance. In developing the cloud, Hosada realized support/resistance levels were not single lines drawn in the sand, since traders were often placing their trades at various distances from the support levels. Thus, since support was many layers deep from the offers/bids around the level, he created a cloud to represent the past levels of support/resistance. The cloud is composed of the two Senkou Span lines (A&B or 1&2) which are pushed forward in time, and when the area between them is shaded in, it makes a cloud-like shape. The most basic theory of this indicator is that if the price is above the cloud, the overall trend is bullish while below the cloud is bearish, and in the cloud is non-biased or unclear. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance. But remember the cloud has thickness, and thus resistance does as well, which by making these thicker reduces the risk of a false breakout.

Tenkan & Kijun Lines

The indicator goes much further than this, with using two moving average lines; the Tenkan Line and the Kijun Line, which are 9 and 26 day moving averages (exponential). The Tenkan Line is really the conversion line which is when crosses the Kijun line from underneath, is indicative of a bullish signal. When it crosses over the Kijun line from above pointing downward, it becomes indicative of a bearish signal.

Chikou Span

There is also one last line called the Chikou Span, which is representative of today’s price moved back 26 periods ago. This is where the strength of the signal comes in. If you have a bearish signal (downward crossover of the Tenkan over the Kijun) and the Chikou Span is below the base, then the signal strength increases. If you have a bullish crossover (Tenkan crosses the Kijun from underneath) and the Chikou Span is above the cloud top, then the signal strength increases.

There is one last metric for the strength of the signal and confirmation for your buy/sell signal. If the crossover of the two lines (Tenkan & Kijun) occurs above the cloud, then the bullish signal strength increases and is further confirmation. If the crossover occurs below the cloud, then the bearish signal intensifies and is further confirmation. Medium buy/sell signals occur when the crossover takes place in the cloud, and weak occurs when the bullish crossover is below the cloud, while a weak bearish signal occurs above the cloud.

Signal Types

Strong Bullish Signal

Medium Bullish Signal

Weak Bullish Signal 

Clearly there are many different combinations of signals from Ichimoku, and each variable affects the strength of the signal. The numerous combinations will leave some discretion to the seasoned trader.

Formulas

• Tenkan Line; (highest high + lowest low)/2 calculated over last 9 periods.

• Kijun Line; (highest high + lowest low)/2 calculated over last 26 periods.

• Chikou Span; (most current closing price plotted 26 time periods back.

• Senkou Span A; (Tenkan line + Kijun Line)/2 plotted 26 time periods ahead

• Senkou Span B; (highest high + lowest low)/2 calculated over past 52 time periods, sent 26 periods ahead.

Other related search terms: Ichimoku Kinko Hyo, Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, Ichimoku Cloud

Source: www.fxwords.com  

TSX composite index,canada elliott wave count

TSX Composite Index

TSX Composite Index,Canada

index is moving toward wave 5.
after wave 5 index can move sideways for a long time,as per long term wave counting degree.
more update soon....

TURKEY ELLIOTT WAVE COUNT

ISE NATIONAL 100 INDEX

ELLIOTT WAVE REPORT/ANALYSIS ON TURKEY (ISE NATIONAL 100 INDEX).
WAVE B IS NEAR AN END. WAVE C WILL CORRECT FROM HERE.
ALTERNATIVE WAVE COUNT IS LABELED BELOW,CLICK ON CHART TO ENLARGE IT.
WAVE C CAN RETRACE HIGH AS H & S PATTERN LIKELY OCCUR.




    

ise national elliott wave count

Ise national 100 (Turkey Index)

Moving in correction. keep eye on alternative count too.

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commodity channel index

Learn how to Trade commodity channel index

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ise national 100 index (turkey elliott wave count)

turkey index

ise national moving in correction at largere degree wave, sub wave b may retrace 61.8% of wave a.

wave a is near an end wave b will likely move soon in higher side.

more update soon...


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china elliott wave count (sse composite index)

sse composite index moving in 5 wave advance. wave 4 will remain in corrective mode.
very soon new high will take place in china.

more update soon....

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Candlestick Sentiment

Trading strategy - Learn about trendlines

Trading lesson.

Trendlines 

TURKEY ELLIOTT WAVE COUNT

ISE NATIONAL 100 INDEX COMPLETED 5 WAVE IMPULSE. CORRECTIVE WAVE A-B-C.
KEEP EYE ON ALTERNATIVE COUNT. ANY MOVEMENT ABOVE WAVE B WILL TRADE FOR HIGHER SIDE IN ISE NATIONAL 100 INDEX.

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FOR ANY QUERY WRITE IN COMMENT ...

Bank Nifty

bank nifty decline in 5 wave. next move will decide the major trend.

>> click on chart to enlarge it <<

more update soon...

GBP / INR elliott wave count

GBP /INR

wave 2  can move as per above chart direction. alternative wave count in pink line.

more update soon. 

ISE NATIOANL 100 (TURKEY INDEX ELLIOTT WAVE)

ise national 100

index is near an end of wave 5. check above chart

>>> click on chart to enlarge it<<<

more update soon.

TECDAX Elliott Wave 15 min Chart

Tecdax 15min chart elliott wave

TECDAX recovered from bottom nicely in wave 5 impulse. it may form A-B-C in larger degree wave count.

more update soon...

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TECDAX ELLIOTT WAVE COUNT

TECDAX moving in A-B-C.5 wave ended.

more update soon.

Understanding Gaps: Common, Breakaway, Runaway, and Exhaustion Gap

TECDAX ELLIOTT WAVE COUNT

TECDAX IS NEAR AN END OF WAVE 5.

MORE UPDATE SOON

NIFTY

#NIFTY

KEY TRENDLINE TO BE WATCH OUT.

NIFTY IS MOVING BETWEEN MIDDLE TREND LINE AND LOWER TREND LINE EXPECTED  DECLINE IN NIFTY IN COMING DAYS.

MORE UPDATE SOON.

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Nifty

#nifty

After Upper Trend-line  breakout  nifty started to advance,but how long Trend will remain up?

Nifty

Nifty elliott wave

Nifty

#nifty #elliottwave

#Gold

Gold sell or buy ??? 

Gold

elliott wave update

    every one knows 5 waves are over in nifty. but most important is the next trend identification.

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Trading with chart

"Chart analysis (also called technical analysis) is the study of market action, using price charts, to forecast future price direction. The cornerstone of the technical philosophy is the belief that all factors that influence market price - fundamental information, political events, natural disasters, and psychological factors - are quickly discounted in market activity. In other words, the impact of these external factors will quickly show up in some form of price movement, either up or down."

Bank nifty

Bank Nifty

After Flat pattern Bank Nifty moved higher than previous high.
any movement below wave c will confirm decline and sideways market move(s).

#banknifty elliott wave count

Bank nifty still impulse left.
 Above wave counting on 5 min chart.
trend is up in bank nifty............

cnx it elliott wave update

cnx it index show clear path of decline in future.
movement will soon change the shape of cnx it index.
wave 4 will end soon and trend will remain continue for wave 5 down.

nifty wave count

Turkey elliott wave update

Nifty Wave Count

Nifty Elliott wave count

>>> click on chart to enlarge it.<<<

Cnx Psu Bank (India)

Cnx psu bank index (India) update.

Psu Bank Index shows clearly 5 wave decline.

current trend of psu bank index is up in a-b-c or alternative (motive wave in one larger degree wave count)

wave ii is sharp and wave iv is triangle. and completing degree of wave in 5 wave sequence .

   

Bank Nifty Elliott Wave Update

Bank nifty has clearly moved in 5 wave sequence (motive wave).followed by three corrective wave which is currently in progress.most probably it could be zigzag. other probability flat variation.

Bank nifty Elliott Wave Count

Bank nifty ended with Five Wave Decline.New trend to watch out.

in above chart wave (ii)  is Flat and wave (iv) is sharp Zigzag .

and wave V truncated. new wave to watch in a-b-c and with alternative of 1-2-3-4-5. 

what will happen when trader use different average and setting.

see the difference between macd setting with different average.and accordingly see the change in buying and selling signals.

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Nifty vs Banknifty

Banknifty

Banknifty almost retraced  61.8% compare to nifty.

and Nifty retraced only 38.2% of impulse.

Advance of next rally will Hit new high in nifty early as compared to Banknifty.

  

                                                                              Nifty

Nifty Elliott Wave

Elliott wave setup is set for next trend.
We have clear 5 wave up (motive wave) and followed by 3 corrective wave (a-b-c).
Wave b at 6063 shows clear breakout and confirming next wave up in 5 wave.
Invalidation to our wave count  at 6030.
probability of flat variation in alternative wave count for counter trend.(Invalidation to next wave degree at 5984).Refer last post and continue reading above wave notes.

* no alternative wave has been displayed only after invalidation point.

Nifty Elliott Wave

Preferred Wave Count- A-B-C (zigzag).After completing zigzag wave 5 of 5 (in one large degree of wave count) Truncated. current wave count  Invalidation below 5984.
Current trend up

*no alternative count has been displayed only after invalidation point.