Nifty Neo wave, 55 Days Time Cycle with Momentum Indicator

 

Elliott wave and Neo wave are forecasting technical analysis method that helps to understand the maturity of trend. This when combined with Time cycles can help to time the trade accurately.

Below chart of Nifty is showing Time indicator – KST along with Neo wave counts and why we are matured stages of up move?

Nifty daily chart:

Nifty when broke above 17060 we turned super bullish as prices were completing wave (b) and starting wave (c) on upside. We published the research in our daily equity research report “The Financial Wavesshort term update”

Now the markets have rallied nearly 1800 points from there and the momentum is reducing.

KST indicator – this is a time indicator as it takes summation of various Rate of change and is plotted as single indicator. KST also known as Know Sure Thing is developed by Martin Pring. This along with Time cycle application provides much needed clarity to time the market.

Neo wave – The internal counts of wave (c) is suggesting that prices are moving up in form of Diametric pattern which is a 7 legged pattern. Currently prices are in wave f formation which can be sideways to little pressure on downside. Post its completion wave g on upside can resume. So the trend is matured but we might still be in buy on dips mode for another week or so.

55 Days Time cycle – We can see that prices tend to form low and reverses back up from the middle line which is 55 days days cycle. The low may not be a major low but it can also be a minor down move and upside reversal. The latest black middle line also acted as reversal day where wave b got completed and prices started moving higher in wave c. Next cycle low is going to be on 6^th July 2023.

In a nutshell, Nifty can drift higher with lack of momentum. Short term correction is possible but one more leg on upside in form of wave g can start taking prices to Gann levels of 18838 or near lifetime highs. But combine this with short term charts and trade accordingly.

Thus by combining Neo wave, Time cycle and indicator like KST one can form prudent strategy for trading stocks or even futures and options. This technique can be applied on daily, hourly and even 15 minutes time frame for Intraday trading.

Master of Cycles – Learn the science of Trading Time in simple step by step process. Hurst’s Time cycle technique combined with KST, Gann square of 9. This course is for everyone looking forward to increase their accuracy by timing the market and trade profitably using the scientific approach to trading. Online live event on 24^th – 25^th June 2023, Only a few seats left. 

 

Nifty 15 Minutes Time cycle – Trading Ichimoku Cloud

 Is it possible to Time the market for Trading?

Yes – Time cycle is scientific approach to identify the possible reversal and can help Options Traders to Time the market.

Price action techniques if combined with Time cycles one can trade exceptionally well with high accuracy.

Nifty 15 minutes chart: 43 period Time cycle

Nifty 43 period Time cycle on 15 minutes chart is plotted above. The vertical lines are the zone of Time cycle from where we can see short term upside reversals.

On most of the occasions prices have showed pullback or upside move after it has come within the zone of red and blue vertical lines. This lines are placed every 43 candles.

It means that after every 43 candles prices have tendency to move on upside. This if clubbed along with price action technique can provide complete trade setup.

Ichimoku Cloud – This is price focused indicator and provide complete insight into support, resistance, trend of the market. When prices move from below the cloud (highlighted green and red color) back above it we can see upside thrust form time cycle zones.

Currently prices are below the cloud and so from Time cycle zone we are seeing only minor pullback, but if prices reaches the time cycle area when it is above the cloud we get strong trend on upside.

In a nutshell, prices need to break back above the cloud resistance near 18640 and then when it approaches Time cycle vertical line it will provide classic opportunity to go long again. This concept of Time can be applied not only on 15 minutes chart but also on daily, weekly and monthly charts for Investment purpose.

Master of Cycles – Timing the market to very Day, Hour and Minute by combining this concept of Time trading along with KST indicator and Ichimoku Cloud. Online session on 24^th – 25^th June 2023 along with followup session. Limited seats only, Register now over here

Mentorship on Trading - Above chart simply shows how price action along with Time cycle and Neo wave can be combined. A Mentor can ensure that proper application of these methods is passed across so that it can form a powerful system to generate that parallel source of income. Be a part of Elite traders community we call as #TimeTraders. Know more here.