EW might be a complicated subject.
But when you Combine Ew with Rsi it becomes very easy what @nishkumar1977 sir taught many of us in the simplest form.
With the help of Rsi you can label Wave with confidence...!!
A small Thread how to combine EW WITH RSI.
But when you Combine Ew with Rsi it becomes very easy what @nishkumar1977 sir taught many of us in the simplest form.
With the help of Rsi you can label Wave with confidence...!!
A small Thread how to combine EW WITH RSI.
Wave 1 starts from bottom after the price correction..
Mostly Rsi was in oversold territory making divergence.
All you have to check minor 5 waves advance in wave 1.
Wave 2 mostly Retraces 61.8 % take Rsi near to the 30-40 mark.
Mostly Rsi was in oversold territory making divergence.
All you have to check minor 5 waves advance in wave 1.
Wave 2 mostly Retraces 61.8 % take Rsi near to the 30-40 mark.
Wave 3 Always Heats the Rsi and price always kept running.
Wave 4 mostly Makes Hidden bullish.
And last about wave 5.
Wave 3 and wave 5 is always divergent.
Pls refer chart for more clarity.
Wave 4 mostly Makes Hidden bullish.
And last about wave 5.
Wave 3 and wave 5 is always divergent.
Pls refer chart for more clarity.
Atlast want to thanks @nishkumar1977 sir for all his support he provide to the Retailers and promote #Learning
#Indebted
#Indebted
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