Despite wave 4 crossing into wave 1, we still had a pretty bullish day today. Once we had the overlap at 1088, I thought we would go much lower, but the exact opposite happened.
The best way I see this is to count this as an expanding diagonal. I personally hate having to change counts, but because of the reversal back up today, I have no choice.
If we had continued down, it would have made a nice impulse. But regardless, Monday will be very interesting.
1088 still remains the key pivot to the down side, and 1115 is the upside pivot. I will have more over the weekend.
3 comments:
test
Hi Rish,
One request if possible, can you set theose individual charts in such a way that once we onpe ONE chart then we can scroll back and forth without going back to the main page? I do not know if this is possible at all? Thanks.
What is your opinion about "Heikin Ashi" candle charts? Are they reliable indicators?
Thanks and keep up the good work and best of luck.
Regards,
shirish
Do you mean the chart of the day charts? Because let's say you are on the 2nd page of the chart of the day, and you open of one of the charts... those charts should open in a separate window or tab.
If you are talking about the charts I put in my daily posts, you can click your mouse wheel to open those in a separate tab.
Sorry if I didn't answer your question.
As for Heikin Ashi candles, I personally don't like to use them because it's harder to do candle stick analysis on them. I like using Heikin Ashi for indicators such as $UVOL-$DVOL, which is market breadth. It's good for indicators because it shows the power of the trend and hides the noise.
Thanks!
Rish
Post a Comment