5Dema 5341 ,
5Hema 5289 ,
5Lema 5278,
Day pivot 5297,
21 hr MA 5325,
34 Hr Ma 5348,
10 DEma TF 5373
DayLema 5309.
.
We closed above HLema but below HHema and 5HrEma.
Very Important that we close below day L ema at 5309 .
indicating downside .
34 Dema , very important moving average , is at 5280 , Opening itself will tell if weakness or strength ?
Looking at the day chart , It looks to me like 4th wave on in a ZZ (A B C ) . A and B done and now C going on in 5 waves down .
Moving Average:
For any upmove we have to close above 5341 the 5 DayEma .
Channels :
Upper green channel still intact , break of the channel upside will indicate that we are done with wave 4 and are in wave 5 which will go min = wave 1
Fibonacci Retracements:
5231 38.2% of 4588-5630
5108 50% of 4588- 5630
Look at this 9 Hr rsi chart ...RSI has made a triangle . I also see small +ve divergence .Is 4th wave coming to an end ? and 5th to start
Conclusion :
todays close is 5280. Break out of Range from 5275-5300 ,will give direction for trade tomorow .
5Hema 5289 ,
5Lema 5278,
Day pivot 5297,
21 hr MA 5325,
34 Hr Ma 5348,
10 DEma TF 5373
DayLema 5309.
.
We closed above HLema but below HHema and 5HrEma.
Very Important that we close below day L ema at 5309 .
indicating downside .
34 Dema , very important moving average , is at 5280 , Opening itself will tell if weakness or strength ?
Looking at the day chart , It looks to me like 4th wave on in a ZZ (A B C ) . A and B done and now C going on in 5 waves down .
Moving Average:
For any upmove we have to close above 5341 the 5 DayEma .
Channels :
Upper green channel still intact , break of the channel upside will indicate that we are done with wave 4 and are in wave 5 which will go min = wave 1
Fibonacci Retracements:
5231 38.2% of 4588-5630
5108 50% of 4588- 5630
Look at this 9 Hr rsi chart ...RSI has made a triangle . I also see small +ve divergence .Is 4th wave coming to an end ? and 5th to start
todays close is 5280. Break out of Range from 5275-5300 ,will give direction for trade tomorow .
7 comments:
Dear Smita,
Good morning.
i am a learner.
in TA what is the significance of yellow and blue colours.
could you kindly explain.
thank you.
@ Dayakar , Goodmorning
Me too a learner and still a long way to go .
Where did I use yellow and blue color ? like In what regards , i did not get your Q , if you can be more specific .
In TA file when we enter houry data at HIGHs it is turning yellow. and at LOWs it is turning BLUE or DARK BLUE. and also in blog data you see HHema is in yellow where as HLema it is changing red to blue and blue to red at present. i mean background colour besides font. i feel Illango sir designed with specific meaning. it is easy to intrepret and forcasting if we know the significance of colours. at present green is probbable up move and red indicates probbale down move.
then what is yellow and blue? if you are free after your analysis at specific time if you inform me we can chat in google. i am 57 years old. so dont doubt about my invition for chat.
thank you
@Dayakar ,
As per my understanding , the colors changes in TT table are related to close price and they are also compared with the previous value .
Like you see the hour High in TT in which 10:00 close today has become orange in Italics ..which is campared with its previous value ..you see 10:00 close is more than last day 16:00 close , means trend is changing ..as long as it stays below its previous value , it stays red and vise versa ( if it is already green and stays above its previous value it remains green) As soon as this pattern breaks it changes the color untill a pattern is set again . Likewise you see hour low changes to blue ...My undertanding says CHange in trend is signified by ornage and blue ....as long as red and green continue trend continues ...Similar logic for HHema and HLema .
This is my understanding .
Thank you for the reply. the yellow colour has a special significance it seems. because when in yellow colour it seems there is doubt about trend. it may terminate quicker i think. why asked you is did Illango sir anywhere referred this about colors. he is so intelligent observer and warm & kind person. out 750 followers banging him with repetitive questions, it is really hard ship for anybody. i understand this and seeked help from fellow followers. did you back test the HOURLY J10SAR? it is showing amazing result. see that. warm regards
I know sir is kind and patient enough to answer our queries . It is good to ask each other , as it will increase our understanding of markets . i will check J10SAR.
Regards
Dear Smita,
Good Evening.
when i enter data in hour sheet i found at certain highs the colour is changing to yellow. normally we then switch over to blog sheet. but we observe by staying in hourly data sheet the trend is sooner changing. i hope it is a valid point for our trade decision. i feel it is a good clue to alert ourselves. as you said correctly beginners like us exchange observations we learn faster.
thank you
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