A special THANK YOU to Mr JAGDISH PAHUJA, who constantly kept Bombarding Me with his Questions, compelling Me to think over and over and over again. My final DILEBARATION with MYSELF has come to an END today. You Mr Pahuja, helped in bringing the EUREKA MOMENT in ME. Thankyou Once again Sir.
And now for the FInal Time...... I HAVE BEEN COMPLETELY WRONG in my HEAD with my markings. I failed to see what was in Front of Me all along. I want to ask FOR Everyones's FORGIVENESS and have No Shame in doing so at 57 years of AGE. I was WRONG.I forget the Larger picture doing Day Trading .
WHAT DOES EW SAY???? and here are the Important points.
when wave 1 is complete, the calculations for all other waves stand as below.
1. Wave 2 can RETRACE 38.2 or 61.8% of WAVE 1.
what was the High of wave 1 ???? 12430 - 279( starting point) = 12151 points.
12151 x 38.2 % = 4641 points. so wave 2 down HAD to be 12151 - 4641 = 7510. WE DID 7511.
2. wave 3 MUST be 161.8% OR 261.8% of wave 1.
12151 x 161.8% = 19660.
wave 3 MUST be a MINIMUM of 19660 at any COST.
All that is happening Now are the subwaves taking place within LARGER wave 3.
Let us 1st get to 19660 and then the Rest later.
I do not expect you all to agree with this analysis, neither did I with myself. It took Me 13 days now before Mr Pahuja woke me up.
I ask each one of you........ You may disagree with the analysis...... FAIR ENOUGH, but 1st you all have to explain to Me how we did 7511 @ wave 2. Show Me that calculation and I will FOLLOW YOU
ONCE AGAIN...... MY APOLOGISE IN MY ANALYSIS, BUT I THINK NO HARM DONE YET
THIS IS MY FINAL ANALYSIS
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