MTA Webinar.

Transcription

1 MTA Webinar

2 Presenter:Mr Ashish Kyal (CMT) Ashish Kyal is the Founder / Director of Pvt. Ltd. He is a Chartered Market Technician. He has extensively written for Global assets including Equities, Bonds, Agro Commodities, Metals, Alternative Energy, across multiple time frames He has worked for leading investment banks like Lehman Brothers / Nomura Holdings He is a frequent speaker on Business Channels like CNBC TV18 and Zee Business. He has also been a guest speaker at host of management colleges and frequently speaks at financial seminars

3 Topics BASIC PATTERN DAIGONAL EXTENSIONS 5 TH WAVE TRUNCATION ALTERNATION WAVE EQUALITY CHANNELING CORRECTIVE WAVES ZIGZAG FLAT TRIANGLES COMBINATION WAVE CHARACTERISTICS RATIO ANALYSIS PRICE & TIME CONFIRMATION

4 History In the 1930s, R.N. Elliott discovered that the stock market moves in recurring patterns that he called waves. He formulated the Wave Principle based on these wave patterns

5 The Fibonacci Series 1,1,2,3,5,8,13,21,34,55,89,144.. The Golden Ratio Fibonacci is used for Retracements & Projections

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7 Impulse Pattern It is structured as ( ) It can be upside or downside It is labeled as

8 Important Rules Wave 2 cannot retrace complete of Wave 1. Advanced concept suggests wave 2 cannot retrace more than 61.8% of wave 1 Wave 3 cannot be shortest of Waves 1,3 and 5 Wave 4 cannot enter into the territory of Wave 1

9 Extensions When wave 3 is extended, then wave 1 and wave 5 tends towards equality The extended wave itself is 5 waves internally Wave 4 will normally not retrace more than the central power area of extended wave

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11 Ending Diagonal It is structured as ( ) It is similar to Wedge pattern It can occur in Wave 5 and Wave C Breakout on downside will retrace complete up move of Wave 5 in ½ or ¼ time

12 Truncation If wave 5 does not move above wave 3 then wave 5 is called to be truncated Wave 5 is internally an impulse wave

13 Channeling Technique

14 Channeling Technique

15 Corrections Correction should take more time than preceding waves. There are three basic types of standard correctives: 1. Zigzag 2. Flat 3. Triangle

16 ZigZag It is structured as (5-3-5) Wave B will not travel more than 61.8% of wave A Wave C should move beyond the end of wave A Truncation cannot happen in wave C in case of Zigzag

17 Regular Flat It is structured as (3-3-5) Wave C will most probably move beyond end of wave A which can be equal to times of Wave A Wave B should retrace atleast % of wave A

18 Wave b should be between 100% to 161.8% of wave a Irregular Flat If wave b is more than 138.2% of wave a then we might see irregular flat failure pattern 18

19 Running Flat If wave c does not move below the start of wave a then it is said to be running flat Running Flat has very strong post pattern implication

20 It is structured as ( ) Each segment in triangle is corrective At least 3 segments correct more than 50% of previous wave Triangle can drift upward or downward Triangle

21 Alternation Alternation can occur in following ways: Price: for example - wave 2 = 100 points, wave 4= 50 points Retracement: for example - wave 2 = 61.8%, wave 4= 38.2% Complexity: for example - wave 2= complex, wave 4 = simple Time: for example - wave 2 = 10 days, wave 4 = 5 days Wave 2 and wave 4 will always tend towards alternation 21

22 Combination Double Flat Flat + Zigzag Triangle + Flat

23 Double Flat Correction

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25 Triple Combination Flat + Flat + Triangle Zigzag+ Flat + Triangle

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27 2 Stage Confirmation 2-4 trendline should be broken in faster time than wave 5 took to form Wave 5 should be retraced completely in faster time

28 2 Stage Confirmation 0 b trendline should be broken faster than wave c took to form Wave c should be retraced completely in faster time

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