Nifty Entry ,Exit ,Target levels with Median Line Charts

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Kavima

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#662
#662
krishere said:
Kavima dont you think the orange warning lines are a bit too stretched... personally i think the price would respect the 2nd or 3rd parallel warning lines but after that how valid/strong could these warning lines be????
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@krishere

Yes...2 - 3 warning lines should contain the price move,but this case the steep fall and a probable support zone near the green LMLH ,had another parallel warning line drawn .Today's price move ,has closed near this area.Whether it is a support , tomorrow's move will confirm.:)

Elliot wave patterns are identified by charting within channels , so APF channels also do work well to use combination of them,if inclined.I count the swings,and pivots formed [the points where the price meets the Median lines, Upper and Lower parallel lines ] to identify the probable reversal points .When price moves sideways in a channel away from the median line and outside the channel where the current swing was contained gives the indication a price reversal is forming.
 
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