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5 Types of Elliott Wave Patterns to understand Market Behaviour (๐Ÿงต)

Before we dig in, what exactly is the Elliott Wave Theory?

The Theory suggests that the #stock priced move continously up & down in the same pattern known as waves๐Ÿ‘‡

 The underlying theory behind these waves is #Trader Psychology. The Theory suggests that these patterns are recurring in nature๐Ÿ‘‡
1. Motive Waves: These move in the direction of the main #trend and consists of 5 waves that are labeled as Wave 1..2..3..and so on๐Ÿ‘‡
Wave 1,2 and 3 move in the main direction, whereas Wave 2 and 4 move in the opposite direction. There are 2 types of Motive Waves: Impulse and Diagonal Waves
2. Corrective Waves: These are known to counter the main trend. They are more complex and time-consuming than motive Waves๐Ÿ‘‡
Correction patterns are made up of 3 three waves, labelled as A, B, C๐Ÿ‘‡
These three main types of corrective Waves are Ziz-zag, Diagonal and Triangle Waves

Now, let's discover the five types of Patterns: ๐Ÿ‘‡
1. Impulse: The most common Wave in the market. It has five sub-waves and two corrective Waves formed in a 5-3-5-3-5 structure. If the structure rules are violated, we have to re-label the wave๐Ÿ‘‡
The main rules are: Wave 2 cannot retrace more than 100% of Wave 1, Wave 3 cannot be the shortest among Wave 1,3,5, and Wave 4 can never overlap Wave 1๐Ÿ‘‡
2. Diagonal: Another wave consisting of 5 sub-waves, moving in the trend direction.

The Diagonal looks like a wedge and maybe expanding/contracting๐Ÿ‘‡
Like other motive Waves, each sub-wave of the Diagonal Wave does not fully retrace the previous sub-wave๐Ÿ‘‡
3. Zig-zag: A Corrective Wave made up of 3 waves labelled as A, B, C with a strong up/down movement.

The A and C waves are the motive Waves, whereas the B Wave is corrective๐Ÿ‘‡
These patterns are sharp declines in a bull rally or advances in a bear rally, substantially correcting the #price level of the previous impulse patterns๐Ÿ‘‡
4. Flat: The flat is another 3-wave correction in which the sub-waves are formed in a 3-3-5 structure. The name flat has been given because it generally moves sideways๐Ÿ‘‡
5. Triangle: Consists of 5 sub-waves in a 3-3-3-3-3 structure. The corrective pattern shows a balance of forces and travels Sideways

It may be expanding, where each sub-wave gets bigger or contracting, whether they form a wedge. ๐Ÿ‘‡
Read the entire blog here: https://t.co/izP6TzBB1u
To master Elliott Waves in live markets, enroll in this webinar by @kyalashish, where explains #Options Trading using #ElliottWaves and #Ichomoku Cloud:

https://t.co/t9iAT7OzJJ

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Khatvaanga
Khatvaanga
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Sri Gurubhyo Namah.
Some tweets on Adi Shankaracharya and in particular the Guru Parampara of @sringerimath. [I had done this series earlier 5 years ago on account of Shishya Sweekaram].


Adi Shankara established the Sringeri Peetham as the 1st of 4 amnaaya peetams.

The four being
1. Sarada Peetam at Sringeri.
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4. Jyothir at Badarikashramam.

He installed his 4 most prominent shishyas as heads of the peetams.

Sureshwaracharya was assigned to Sringeri as its head.

Sringeri is a corruption of Rshyashrunga giri.

Rshyashrunga maharshi [and his father Sri Vibandhaka Maharshi] did their tapas at this place.

It is at Sringeri that Shankara spent 12 of His precious 32 years!!

That gives you and idea how much He loved this place.

Rshyashruga maharshi had a horn on his forehead, a result of being born to a deer. His mere presence was enough to shower rains!!

Rshyashrunga was one who led Putrakamesthi Yaagam of Dasaratha Maharaj and which resulted in Sri Rama's birth!!
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12 Most Powerful Hanuman Mantras

Hanuman ji is the Hindu God of strength, valor, agility, and wisdom. He is considered as the incarnation (avatar) of bhagwan Shiva. Hanuman ji is the symbol of devotion and dedication. He is the greatest devotee of Prabhu Shri Ram. 1/n


Hanuman ji is known by several names such as Bajrangabali, Mahabali, Maruti Nandan, Pawanputra, Mahaveer, and Anjaneya. Hanuman ji is the son of Bhagwan Vayu, the wind god.

God Hanuman played a prominent part in rescuing Mata Sitafrom the bondage of demon King of Lanka, Ravana.


One can worship Hanuman ji by chanting Hanuman Mantras. There are many different types of Hanuman Mantras, each fulfilling a specific purpose. Hanuman Mantras help to beget the blessings of Mahabali Hanuman for success. 3/n


Letโ€™s explore these powerful Hanuman Mantras one by one. Hereโ€™s the list for you:

1. Hanuman Moola Mantra
!! Om Hanumate Namah !!
เคŠเค เคนเคจเฅเคฎเคคเฅ‡ เคจเคฎ:

You can chant the โ€œHanuman Moola Mantra if you usually face problems and obstacles in your life.4/n
#hanumanjanmotsav


However, the Human Moola Mantra is also a very powerful success mantra.

Itโ€™s a Kaarya Siddhi Mantra.

It is highly advised that all those who usually face obstacles and problems in their life should chant the Hanuman Moola Mantra. 5/n
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Nikita Poojary
Nikita Poojary
@niki_poojary
Catch me if you can @Mitesh_Engr

Time for a๐Ÿงต
Mitesh Sir's EXPIRY Option Selling 101:
โ€ข What to look for?
โ€ข Strike Selection & Ratios
โ€ข SL mgmt
โ€ข Avoiding freezes
โ€ข Monthy Expiry
โ€ข Event days
โ€ข How he would have traded last expiry?

In collaboration with @AdityaTodmal


Edward de Bono says intelligence is like a๐Ÿš— Automobile

โ€œA powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.โ€


What @Mitesh_Engr Sir looks at for Expiry Trading:

โ€ข Technicals of BNF
โ€ข Individual Heavyweight stocks of BNF
โ€ข Support/Resistance of BNF on weekly TF
โ€ข Also has Superb SL management
โ€ข When it comes to adjustments, he is always on toes


How to Select Strikes to Sell?

โ€ข You can't sell based on premium
โ€ข Follow only trend
โ€ข Price action is best to sell on expiry day
โ€ข Never wait for the options to go to zero


Using Ratios to Sell:

โ€ข If BNF is in a range then strangles
โ€ข If breakout/ breakdown from a range then directional
โ€ข Selling 70/30 or 80/20 ratios
โ€ข 2 examples on how he used ratios
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Self-Care Canvas ๐Ÿฆ‹...
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10 Hard Truths of Psychology and Life:

1.


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advised the king to hide himself inside the hollow trunk of a jack fruit tree. The king was surprised to find a small boy in the forest, but agreed to the advice
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Hare Krishna
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*The Evidence Collection*

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A list below.๐Ÿ”ป


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Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.
OPTIONSLEARNINGS , MONTHLY OPTIONS SELLING , OPTIONS LEARNING
Gareth Harney
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1) The Temple of the Divine Claudius was a vast temple complex on Rome's Caelian Hill, overlooking the valley that would later be occupied by the Colosseum. Though almost nothing now remains of the structure, its scale and grandeur once rivalled anything in the city.. #LostRome


2) The 'Claudium' was intended as a sacred complex to revere Claudius and the imperial cult. Construction began soon after the death and deification of the emperor in 54 AD, initiated by his widow Agrippina who was likely responsible for his supposed death by poisoning. #LostRome


3) The sprawling temple complex sat on a gigantic podium that spread across the Caelian Hill, measuring 180 x 200 metres; with towering retaining walls of travertine that raised the structure 20 metres above the valley below. #LostRome


4) The elevated sacred area was likely entered by steps facing the temple on the west side. The temple itself had a projecting hexastyle porch and was surrounded by gardens and a grand portico, probably the 'porticus Claudia' mentioned in Martial's 'On the Spectacles'. #LostRome


5) Statues of both Agrippina and Claudiusโ€™ ill-fated young son Britannicus, sculpted in sumptuous dark Egyptian greywacke, were discovered among the ruins on the Caelian Hill in 1651 โ€“ and had almost certainly been displayed in the temple precinct. #LostRome
HISTORY