Real Time example - TRIPLE ZIGZAG (Bullish)
Let's talk about each waves of Triple Zigzag:
Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag.
Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex.
Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782
Our first question is, What is the Zigzag?
In chart, a, b and c is zigzag which very easy to understand by picture.
Its really easy to understand this wave counting if you read just below basic rules and Characteristics of Zigzags. The main question, What is going on in nifty? This Triple Zigzag is bullish pattern. Really market is follow this pattern? - Wait and Watch...
Characteristics of Zigzags:
— labeled a-b-c
— subdivide 5-3-5
— typically occur in wave 2 position
— ‘b’ wave does not approach ‘a’ wave origin
— ‘c’ wave ends beyond ‘a’ wave extreme
— belong to ‘sharp'
Rules:
- Wave A always subdivides into an impulse or leading diagonal.
-Wave A always subdivides into an impulse or leading diagonal.
- Wave B always subdivides into a zigzag, flat, triangle or combination.
- Wave C always subdivides into an impulse or diagonal triangle.
We can use channel for zigzag. The Wave C often ends upon reaching the extreme of the channel.
Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag.
Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex.
Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782
Our first question is, What is the Zigzag?
In chart, a, b and c is zigzag which very easy to understand by picture.
Its really easy to understand this wave counting if you read just below basic rules and Characteristics of Zigzags. The main question, What is going on in nifty? This Triple Zigzag is bullish pattern. Really market is follow this pattern? - Wait and Watch...
Characteristics of Zigzags:
— labeled a-b-c
— subdivide 5-3-5
— typically occur in wave 2 position
— ‘b’ wave does not approach ‘a’ wave origin
— ‘c’ wave ends beyond ‘a’ wave extreme
— belong to ‘sharp'
Rules:
- Wave A always subdivides into an impulse or leading diagonal.
-Wave A always subdivides into an impulse or leading diagonal.
- Wave B always subdivides into a zigzag, flat, triangle or combination.
- Wave C always subdivides into an impulse or diagonal triangle.
We can use channel for zigzag. The Wave C often ends upon reaching the extreme of the channel.
Nota
Shortly I will post is here actual trading level and smaller waves counting chart.Nota
Scenario : 1 Nota
((a))=((c)) at 17574 (mistake corrected)*Nota
Nota
Dow Jones future (weakness) which can affect Indian markets.Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.