Supplement as on 28th February 2018 to my earlier blog http://lalitlk-lalit-lk.blogspot.in/2017/03/nifty-bimonthly-as-on-february-2017.html with charts up dated :
Following tables may be referred for better understanding of chart detailing phases of Macd in positive territory with alternate bouts of less period in negative territory.
Next, let us review Macd (5,34,5) in details as in attachment :
Notice Macd were mostly in positive territory signifying EMA_5 being greater than EMA_34 (including current phase of 52 candles post dip of 2253). Based on EWO , Nifty had a 3rd wave characteristic top at 6357, 4th
wave bottom at 2253 & subsequent 5th wave unfurling in 5 wave Macd
remaining smaller than extreme value of 2175 corresponding to Nifty 6357.
Let us examine Macd post dip of 2253 in a fractal #TF5DaysCycle #Nse #Nifty chart :
No clue for #ZeroLine dip in even #TF5DaysCycle (1111 candles available) leave aside such in bigger #TF.
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