ADD SHORT ON BEARISH REVERSAL ON DAILY TIME FRAME
IDEAL LEVEL FOR SHORTING 4900-4925
NO CLEAR SIGNAL OF TREND REVERSAL YET .........................
TREND DOWN BELOW 4978.........
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Nov 24, 2011
Nov 23, 2011
Nifty Analysis for 24Nov2011-Add Short on Pullback
ADD SHORT ON BEARISH REVERSAL ON DAILY TIME FRAME
NO CLEAR SIGNAL OF TREND REVERSAL YET .........................
NO CLEAR SIGNAL OF TREND REVERSAL YET .........................
Nov 20, 2011
Nifty Analysis for 21stNov2011
SELL ON BEARISH REVERSAL ON DAILY TIME FRAME . PULLBACK TO 5060 IS POSSIBILITY .
ABC and Complex Correction -Revision 2
1.Typical Price targets not only for ABC Corrections ,but for all Corrections is 50-61.8 retracement of previous trend.
2.Typical Time targets not only for ABC Corrections ,but for all Corrections is 38.2-61.8 time retracement zone of previous trend.
3.While not all correction completes in TIME AND PRICE TARGETS.
ABC and Complex Correction -Revision 1
1. Trend usually unfold in non overlapping patterns .very often in 5 wave pattern. Counter trends corrections often unfold in multi wave ,sideways and overlapping patterns.often they unfold in three wave patterns.
2.Three wave corrections are called "ABC Corrections".Multi wave corrections are called "complex Corrections".
3.ABC Corrections are best corrections to trade as they often completes in predictable price and time targets
4.Trend usually unfold in Non Overlapping pattern
5.Correction usually unfold in overlapping price pattern.
6.Trend usually unfolds in the direction of the main trend.
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