I found some new stuff...

S

sumeet199665

New Member
#1
#1
This is about the highs and lows of the waves of a trend for the time frame of 1day chart.
I found out that, in the last week of the current month and in the first week of the next month, if the specific wave is at its top position, then we will not be able to see a new high position the entire month, and if it is at its low position in the last or first week, then we cannot see a new low in the entire month i.e. the chart will go up for the entire month.
I found it working on all the charts.
Please try this and reply me if its working for you.
Thanks.....
#happy trading
#peace
:)
 
Smart_trade

Smart_trade

Moderator
#2
#2
sumeet199665 said:
This is about the highs and lows of the waves of a trend for the time frame of 1day chart.
I found out that, in the last week of the current month and in the first week of the next month, if the specific wave is at its top position, then we will not be able to see a new high position the entire month, and if it is at its low position in the last or first week, then we cannot see a new low in the entire month i.e. the chart will go up for the entire month.
I found it working on all the charts.
Please try this and reply me if its working for you.
Thanks.....
#happy trading
#peace
:)
Click to expand...
Interesting observation. Can you post 1-2 charts to explain what is meant by "highs and lows of the wave " etc.

Smart_trade
 
L

lemondew

Well-Known Member
#3
#3
Low was made in last week of march it was broken in april. Interesting line of thinking. To be precise the low of 27 mar 15 was broken in april 15


 
Last edited:
E

EliteTrader

New Member
#6
#6
sumeet199665 said:
For the people who don't understand what i am talking about, here's the link to the chart, http://pho.to/9bZkR , its the chart of ICICI Bank, time frame 1day
Click to expand...
According to what you've written in your previous posts, the market should've gone up in the entire month of April after the low at 26/3/2015 but all it did is a test of the resistance around the breakdown zone and ended up creating a new low on 27/4. Am I missing something here?
 
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