Mixing the Gann and Elliott Wave analysis could be truly rewarding. Here is an example, just posted on my facebook page- https://www.facebook.com/Learn-Elliott-Waves-Gann-299034886964403/
As Elliott Waves Cairn has completed 5th of the 5th on the downside. While , I posted about the reversal today around 11pm it was 4th wave where the stock was trading 129. Wave 1 and Wave 3 were clear impulse and hence 5th was coming. However, this 5th was to be on the small degree and after it the 3rd wave of a larger degree has to be followed. Since target mentioned could take more than a months time so the better strategy seemed to go long in cash. Also, wave 2 which will unfold in near future. The stop has been placed below the recent low of 121. Cairn India went to 134 after I posted my analysis.
As Elliott Waves Cairn has completed 5th of the 5th on the downside. While , I posted about the reversal today around 11pm it was 4th wave where the stock was trading 129. Wave 1 and Wave 3 were clear impulse and hence 5th was coming. However, this 5th was to be on the small degree and after it the 3rd wave of a larger degree has to be followed. Since target mentioned could take more than a months time so the better strategy seemed to go long in cash. Also, wave 2 which will unfold in near future. The stop has been placed below the recent low of 121. Cairn India went to 134 after I posted my analysis.
3 comments:
when foreign investors pushed the benchmark Sensex to a life-time high before puncturing the rally by pulling out billions of dollars from their 'favourite' market.
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There is also an increase in gasoline stocks. The all-round pressure on crude oil prices have had.
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Excellent job!!! its very nice update. Keep in touch with Epic Research which is a great investment advisory.
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