Sensex: Time Cycles, Elliott wave counts & Channels!

Sensex: Time Cycles, Elliott wave counts & Channels!

In today’s morning equity research report “The Financial Waves” by Waves Strategy Advisors (www.wavesstrategy.com) we have provided very important technical findings from basic technical techniques to advanced concepts all of which are indicating in one single direction.

Bottom Line: Sensex Time cycles, Price ROC, Channels and Fractals continue to suggest very important ………. formation under process…

Sensex Time Cycles: published complete chart in morning research report

Wave Analysis:

We are showing Sensex Daily chart with very important observations from medium term perspective.

Time Cycles: We have been intermittently showing ??? days’ Time Cycles every few months when prices approach near the cycle days. We have tweaked this cycle lately to accommodate the recent price action and this cycle has been working precisely not only to capture bottoms (shown before) but also …………. Infact the day of 29^th January 2013 also conforms to this analysis. …..This cycle has worked to the point since 2011 but we will still give leeway of 10% which is ???

Fractal Nature: The current up move from the bottom of 18144 continue to exhibit a very similar pattern compared to …… 2012. Infact the strength of trend is also similar. As per this Fractal nature prices should do what it did before i.e. ………..

Price ROC: 12 days price ROC shows that this momentum indicator has turned down everytime it has come near 7. More than year of data is clearly showing that ROC value has never crossed above ??? level. Even this time ………..

Channels: We have mentioned before that each and every move on Nifty and Sensex has been perfectly channelized since the start of 2011. The entire rally of 2012 has also been within the channel. Prices are now very close to the upper end of the channel drawn since December 2011.

Elliott waves: Prices have retraced the entire up move wave 5 of C (shown in Nifty daily chart) in faster time thereby indicating that the major trend ……. Nifty 60 mins chart also shows the minor wave counts …….

Square of Price and Time: Sensex has so far shown 14 days of rally from the bottom of 18144 to the high of 20037 yesterday which means Sensex has moved by 1893 points. This indicates that on an average prices have been moving by 1893 / 14 = 135 points. Now, 135 is a very important geometric degree. The angle of 45,90,135,180,225, 270, 360 are all important degrees for Price Time combination. In addition Fibonacci ratios of Price / Time are also important. Currently the No. of points travelled / No. of days taken is 135.21which is exactly the important geometric degree.

We have shown such strong synchronization of techniques before during formation of bottom in January 2012, then during formation of top in January 2013 and now ……

There are enough technical evidences presented above that point to only 1 direction which is ………. probably by ………. but we still do not have ………

In short, we will now closely observe how prices move over next 3 days and if prices the only parameter pending gets in sync with other technical evidences else the alternative label will get into play….

There is more to the above technical parameters we have presented in today’s morning report. Such an astonishing synchronization of parameters cannot be coincidence. To know more aboutGeometric angles, Cycles, Elliott wave counts, Price ROC indicator, Channels and much more in one single report subscribe “The Financial Waves”. For more information visit www.wavesstrategy.com or write to helpdesk@wavesstrategy.com