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This probability points out to a new impulse wave 5 started upwards in Monthly time frame, which can be in its wave 3 bloom (wave 3-3) at Election results in May 2014 !!!
4 comments:
Anonymous@V
said...
Welcome back RV, Thanks for the update, Whats the bull case target
Its just a Bullish probability that EW analysis throws.Bearish count also exists which I will update on Price action signals if there. I have been following up with this wave 4 in a Triangle pattern since start of the blog.U may check the EW reference posts at sidebar of this blog.
Wave 5 can be truncated or extended. Can end as a Diagonal etc.
This probability depends upon the Election Results in May. If favorable to the counts we may have 7000+ as the initial target in short term move.
I have written an e book on Day Trading Have a look and let me know your feedback leisurely http://niftynirvana.blogspot.in/2013/12/download-e-book.html
4 comments:
Welcome back RV, Thanks for the update, Whats the bull case target
Hi Anonymous@V ,
Its just a Bullish probability that EW analysis throws.Bearish count also exists which I will update on Price action signals if there. I have been following up with this wave 4 in a Triangle pattern since start of the blog.U may check the EW reference posts at sidebar of this blog.
Wave 5 can be truncated or extended. Can end as a Diagonal etc.
This probability depends upon the Election Results in May. If favorable to the counts we may have 7000+ as the initial target in short term move.
Rest as the count goes right and pattern formed.
Regards
SMART Trader said...
AAR VEE
I have written an e book on Day Trading
Have a look and let me know your feedback leisurely
http://niftynirvana.blogspot.in/2013/12/download-e-book.html
Regards
SMART Trader
@SMART TRADER
Have been checking on your insightful Blog -
http://niftynirvana.blogspot.in/
Your method is quite consistent and technically sound .
Hope your book helps the traders with the method and earning.
Best Wishes
Regards
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