SGX

2 Sep 2022

The same pattern persists on SGX as well. I am not sure, hence sharing so that someone else here can throw some Light . Look at the Sloping of the Lines in both SGX as well as NS..... it also reminds Me of a TRIANGLE ??????

2 Sep 2022

Catatan

This pattern is TURNING OUT to be almost SYMMETRICAL in all Respects..... The Right side of the pattern is More or Less following the Left side. If so and makes a Bottom towards the Lower Trend Line...... The WOLFE WAVE """JUST MAY"" get Activated.

2 Sep 2022

Catatan

I need to make you all understand something. This morning I was looking at the Fii data alone, and a relative state of confusion persists. If you look at just the last 10 days of FII data..... u will realize that there are more shorts in the system than longs. To add to this confusion, FIIs bought 4000+ crs of delivery on Tuesday . Yesterday they sold some 2800 crs in delivery. What does it Tell you ????? It surely tells me something. Carrying overnight positions or positions from a Longer point of view is Likely to Kill the Trader. This is also the reason that my VIEWS regarding the market are VARIED. Meaning I can say it looks bullish Today, but will have to change my Mind at the EOD. I hope you understand that I am NOT a fickle minded trader, but do have the Limitations of Combining the all time frames together and putting up an Instant Recipe for the same. It also goes without saying, that the wave structure on different time frames play out differently and hence I try and present for you all what is possible