## Friday, September 23, 2016

### Nifty Elliot Wave Analysis by TradingWithAbi

Resistance Stands Tough @ 8906-8920

## WD Gann Elliott Wave Theory- Lost Connections

There are a lot connections in WD Gann Elliott Wave Theory. WD Gann though started trading in 1898 and this was when no Elliott Wave was discovered. In-fact next 10 years Gann used in his research about the markets , he also traveled India, Egypt and London in this duration.
If you study works of Gann you will know he was already working with the principles of Elliott Waves Theory, However he just did not got restricted to patterns and market observations, but he also did much beyond that.
One thing which always strikes me was that W D Gann visited Egypt and yet not used Fibonacci numbers. Quiet Astonishing! Since I have worked on Elliott Waves as well, I know that in Elliott Waves there are Internal retracement levels or percentages, which are 23.8%, 38%, 50% (this is not a Fibonacci retracement), 61.8% etc. All these percentages are derived from dividing Fibonacci numbers. I will Explain that in another article, that how these numbers are derived.
Now once again Ralph Nelson Elliott did not know about Fibonacci Numbers though he was using these numbers for predicting the reversal in the market and not for Internal Fibonacci retracements. These Retracement works were later introduced by other practitioners of Elliott Waves. Did these practitioners knew Gann Methods? or was that just coincidence?
WD Gann very similarly used retracement levels by dividing the range in 8 parts.
1/4= 25% very similar to 24% retracement
1/3= 33.33% nearly 38% retracement
1/2- 50% (Did Elliott Wave people stole this percentage from WD Gann and still mocked Gann ?)
3/8= 60% very similar to 62% retracement
WD Gann Elliott Wave Theory- More connections
William D Gann was detailed oriented person and he soon by his observation noticed that markets fall or rise in three or four sections. He had many more observations which RN Elliott never did coz Ralph Nelson Elliott had less time of market trading experience as he started when he was already 60 plus .... to read full article click here Gann Elliott Wave Theory

## Friday, September 16, 2016

### Bank Nifty should touch atleast 20,900 in short span of time

Learn Elliott Waves & Gann
Ideally Bank Nifty should touch atleast 20,900 in short span of time may be within trading 3-4 days, as per my Gann analysis. Just my opinion...
My Website: www.ruchirgupta.co..in

## Friday, August 26, 2016

### Nifty likely to bounce above 8728 in Sept 2016 Series

Putting my view on current market state
Option 1 – Preferred count:
Wave ‘e’ forming triangle

## Monday, August 22, 2016

### Nifty 22-08-2016

If current pattern a triangle, then its in final stage of completion. Below is hourly chart. I am writing this today because if this is indeed a triangle and in final stage, then this opportunity can bring returns in multiple times in couple of days. Risk takers can put small money. Remember this is expiry week and short covering can move nifty very fast.

## Monday, August 15, 2016

Nifty Technical: 14th Aug 2016.

Hourly

Once previous high of nifty crosses in hourly, we’ll be in wave 5. Else expect some more correction in form of triangle or complex correction