Hello All ,
Markets waiting for todays US FED rate hike decision:
Just some observations on:
ABCD pattern : I know BC has to be .61 of AB , but in this case its 0.5 So
1.23 projection is 9220 ,
1.38 projection is 9380,
1.5 projection 9510 (<---- IT and Pharma need to support)
Previous down leg from sep 2016 to dec 2016 is : 16 Bars
Bar Counts from 26 dec 2016 (bottom) :
12th Bar i.e next weekend 24 march = 16x0.76 aprox 12 bars
13th bar i.e month end 31st march= 13 is Fib number
14th bar i.e 7th april = 109 th bar from (2 march , 2015 top) i.e 79 bars x1.38
Neo wave expert Please comment on following :
If a-b-c-d-e is Neutral triangle as shown on chart , what is the target after neutral triangle completion ??
weekly RSI still below 70 , stay alert when it reaches 70 :
Don't compare RSI values which are miles apart for divergence .
Put call Open interest
9200 Call has max OI of 52 lakh , (If breached again a sharp move upwards.)
8900 put has max OI of 50 lakh
Markets waiting for todays US FED rate hike decision:
Just some observations on:
ABCD pattern : I know BC has to be .61 of AB , but in this case its 0.5 So
1.23 projection is 9220 ,
1.38 projection is 9380,
1.5 projection 9510 (<---- IT and Pharma need to support)
Previous down leg from sep 2016 to dec 2016 is : 16 Bars
Bar Counts from 26 dec 2016 (bottom) :
12th Bar i.e next weekend 24 march = 16x0.76 aprox 12 bars
13th bar i.e month end 31st march= 13 is Fib number
14th bar i.e 7th april = 109 th bar from (2 march , 2015 top) i.e 79 bars x1.38
Neo wave expert Please comment on following :
If a-b-c-d-e is Neutral triangle as shown on chart , what is the target after neutral triangle completion ??
weekly RSI still below 70 , stay alert when it reaches 70 :
Don't compare RSI values which are miles apart for divergence .
Put call Open interest
9200 Call has max OI of 52 lakh , (If breached again a sharp move upwards.)
8900 put has max OI of 50 lakh