Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Recursive Wave Structure ReLook

34 sec read


[wp_ad_camp_5]

 

Iam once again relooking the recursive wave structure. It seems that i had missed the possible alternative wave count.
Chart above(Which is mentioned as Chart 4 in my last post Recursive Wave Structure ) shows that
1 minute chart between 3rd Sep 2009 to  10th Sep 2009. And Following things are observed.
 
From the Charts we could observe the following Patterns which was labled as A,B,C,D,E,F,G
1)Wave A is the Lengthiest wave among the Structure. And could be a possible 5 wave sub strucute
2)B and C represents the Shorter wave followed by Wave A
3)CD is a 3 wave strucute and CDE Comination forms a skewed "W" Wave strucute
4)EF is a 3 wave structure
5)EFG Combination once again form a skewed "W" wave structure
6)G Marks the termination
 
Now Looks that the entire Recursive wave structure looks completed at 4880( The G Termination) with 4 levels of
Recursive Structure.
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source:...
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop...
Rajandran R
12 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More