Use "ABC" of corrections to initiate LRHR trades.
Even a " Good Trade a day" would be enough.
Zigzag corrections - If understood correctly, it's a straight path to riches...
#Banknifty from "36375-538" zone, making a low of 36469 & now, @ 36739 so far
Learn "Elliott Wave Principle" - a free online book-link here- bit.ly/2Zj9v3W
Santhosh Kumar
@Murthy_Santhosh
·
21m
Replying to
@JustNifty
I was expecting a move towards 36375.. how should I interpret the corrective wave C (is it incomplete?)
-"Use simple channeling technique to identify a wave completion as well as the start of the next one".
@Neerajtop
When in doubt, stay out.
No one knows for sure what's happening at all times.
Act only when you have reasonable clarity & a low risk trade possibility emerges.
There is always a doubt in any trade.
No trade is a certainty
Never push your luck.
Either you book profits fully when you see a "5"
OR
If you suspect the possibility of waves sub-dividing, "Part book & raise your Trailing No."
Aware of your emotions and action at all times.
#Banknifty
Remain objective irrespective of your positions - this will help you to manage your trade.
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