New month and new week.
Monthly Pivot at 5551
Weekly pivot at 5692
EW labels:
.png)
This C is seen as a 3x3x3x3x3 Ending Diagonal wherein
C1=4770-5348
C2=5348-5033
C3 in play (again as a 3 wave form) from 5033 upwards
C3(i)=5033-5448=415
C3(ii)=5448-5216=232
C3(iii)=C3(i) meant 5216+415=5631(already done)
C3(iii)=1.236*C3(i) meant 5216+513=5729(already done)
C3(iii)=1.382*C3(i) means 5216+574=5790
However, negative divergence ,apparent on Hour chart for more than a week now. has appeared on Daily RSI-14 as well:
.png)
EOD post:
Listless day.Traded above the weekly pivot throughout the day.As the rising TL is quite steep,such listless days cannot keep pace with TL steepness and on daily charts fell out of it:
.png)
Monthly Pivot at 5551
Weekly pivot at 5692
EW labels:
.png)
C1=4770-5348
C2=5348-5033
C3 in play (again as a 3 wave form) from 5033 upwards
C3(i)=5033-5448=415
C3(ii)=5448-5216=232
C3(iii)=C3(i) meant 5216+415=5631(already done)
C3(iii)=1.236*C3(i) meant 5216+513=5729(already done)
C3(iii)=1.382*C3(i) means 5216+574=5790
However, negative divergence ,apparent on Hour chart for more than a week now. has appeared on Daily RSI-14 as well:
.png)
Friday's low of 5683 and last week's low of 5638 should be taken as benchmarks of weakness ----
Best of luck to everyone !!!
EOD post:
Listless day.Traded above the weekly pivot throughout the day.As the rising TL is quite steep,such listless days cannot keep pace with TL steepness and on daily charts fell out of it:
.png)
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