Nifty, since inception on 3rd July 1990 , is covered in the following Chart in 131 candles of #TF55Days with Macd (5,34,5) aka #ElliotWaveOscillator :
Please refer to next chart in #TF34Days & notice the key observations :
#1 : Rise of 850-6357 was impulsive & took 46 candles in TF 34Days /28 candles in TF 55days/1580 daily candles;
# 2 : Rise of 2253-9119 took 46 candles in TF 34days/29 candles in TF 55days/1575 daily candles ;
notice that it is time-wise EQUAL but resultant rise was expanding in nature :
let me elaborate (a) in first case rise was 5507 ; (b) in the next case rise was 6866 , being 123.6% of 5507 = 6807 plus grace of 59 points (a small <1% deviation).
# 3 : Please notice TL279-850 (850 being the launching pad for subsequent impulsive waves ) remained untouched since June 2003 (likely to be sub-6000 in the Log chart) at present;
secondary TL850-2253 similarly untouched but for the 131st candle presently in progress ; and tertiary TL4531-6826 similarly untouched but for being breached in last candle.
In the Table I have listed Macd etc in diverse #TF (when lows of 850, 2253, & 4531 seen) , notice no #ZeroLine dip in TF55Days except for 850 low :
# 4 : Rise of 4531-12430, resulting in a rise of 7899 points, was done in 59 candles in #TF34days/ 36 candles in TF55Days / 2002 Daily candles ; notice rise had slowed down in view of 114.6% of 6866 being = 7868 plus a small deviation of 31 but time taken being expanding because 123.6% of 1575 = 1947 plus a small deviation of 55.
I shall share soon EOP macd Chart .
Please refer to next chart in #TF34Days & notice the key observations :
# 2 : Rise of 2253-9119 took 46 candles in TF 34days/29 candles in TF 55days/1575 daily candles ;
notice that it is time-wise EQUAL but resultant rise was expanding in nature :
let me elaborate (a) in first case rise was 5507 ; (b) in the next case rise was 6866 , being 123.6% of 5507 = 6807 plus grace of 59 points (a small <1% deviation).
# 3 : Please notice TL279-850 (850 being the launching pad for subsequent impulsive waves ) remained untouched since June 2003 (likely to be sub-6000 in the Log chart) at present;
secondary TL850-2253 similarly untouched but for the 131st candle presently in progress ; and tertiary TL4531-6826 similarly untouched but for being breached in last candle.
In the Table I have listed Macd etc in diverse #TF (when lows of 850, 2253, & 4531 seen) , notice no #ZeroLine dip in TF55Days except for 850 low :
# 4 : Rise of 4531-12430, resulting in a rise of 7899 points, was done in 59 candles in #TF34days/ 36 candles in TF55Days / 2002 Daily candles ; notice rise had slowed down in view of 114.6% of 6866 being = 7868 plus a small deviation of 31 but time taken being expanding because 123.6% of 1575 = 1947 plus a small deviation of 55.
I shall share soon EOP macd Chart .
