NEPSE SHORT TERM TREND
Thankyou sir for your guidance.
I would like to share my analysis on similar basis.
This would be a Short term analysis for end of WAVE C
Part 1
we assume that wave C can retrace upto 2.236 of A (ie.2459)
Part 2: Subminuttee: 5th has extended
As the 5th wave has already extended, during the 5th wave extension it can be expected to extend atleast 1.618. & Considering the part 1 analysis, 5th is going for 1.618. Such we can say it has possibility to reach even 2370.
Part 3: Micro degree (currently on making of 3rd or 5th)
3rd will extend upto 1.618 of 1 =ie. 2510
4th will retrace upto 0.236 = 2550 (from wave 2-3)
5th will extend upto 1 of 1st. i.e (2447)
Part 4
Considering the past swing a swing bottom is due somewhere around end of next week: ~10March
And if we draw a channel wave C it will intersect at 2440 on this day.
Analyzing on 4 parts
we can predict that the final bottom can be expected at range (min2370 to max 2459) (diff = 89pts), somewhere around 10-3-2022
In a more likely situation is it will seek its bottom in range of 2440 to 2459
With a min expected drop: 3.5% (2459)
& max expected drop: 6.9% (2370)
Uploaded files:
A bounce t6towards 2670 to 2730 is possible in both cases whether it is preferred or alternative.
Hydro seems finishing 2ns wave with equality of wave wave A and C.
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A bounce towards 2670 to 2730 is possible in both cases whether it is preferred or alternative.
Hydro seems finishing 2nd wave with equality of wave wave A and C.
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Both Possibilities are open. With Red counting post correction towards 2600 NEPSE will rise aggressively by breaking channel and other alternative says it may move slowly enclosing within the channel.
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Whether it is preferred or alternative. a bounce towards 2700 is highly probable. Rising above today's high of 2458 will confirm the same.
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A story telling of two charts on different time frames:
A bottom leading to November 3 to December 13 & Recent fall from March 14 to April 6 made s
ame chart pattern and similar Fibonacci relationship. Wave (iii) was more than 1.618 of Wave (i) and Wave (v) was more than 2.618 of wave (i). Both broke the channel drawn from wave (ii) to Wave (iv) and End of Wave (iii). on a last falling segment as fifth of fifth wave v travelled only 0.50 fib of wave i.
There is slight change in the cycle wave. The count has been changed to Intermediate Degree Wave (1) at 3227 and current decline can be considered as Intermediate Degree Wave (2). It does not change ultimate target of NESPE as primary Degree Wave 3 which can be estimated above 6000 till 2024 AD but modification in Wave Degree only. Main Reason for change in Wave Degree is because of time spent for current decline. Minor Degree wave generally takes about 3-4 months only while Intermediate Degree Wave can take longer time say about 8-12 months as well.
Here are some Price time Calculations with suggests Either Wave (2) has already been made or May take a bit longer which varies from another 3 to 13 days. Whatever may be the situation. An Explosive and Surprising Wave (3) is about to start soon.
Wave a of Wave W was 35 (+-1 of 34) days affair.
Wave c of Wave W was 25 days affair.
Wave a of Wave Y was 33 (+-1 of 34) days affair.
Wave c of Wave Y took exactly 25 days.
Wave W took 71 days. So, if time equality applies then within next 3 days Wave Y may complete if fall continues from Monday onwards.
Level of 2090 and 50% retracement from 1149-3227 & Wave W equals Wave Y as well in log scale.
Level of 2237 in arithmetic Scale & 2290 in Log Scale equals wave A with Wave C as alternative count.
Thus, in Nutshell, Wave (2) bottom has already been made at 2287 on 21st of April 2022 or it may drift lower in the range of 2240 to 2090 within next 3 days (to match 71 days) or 13 days which matches with 61.8% Fibonacci time for Wave (2) of Entire Wave (1).
https://s3.tradingview.com/snapshots/j/JoHHXukM.png
https://s3.tradingview.com/snapshots/v/V037lri9.png
Quote from bishnu.p.basyal@gmail.com on May 1, 2022, 1:06 amThere is slight change in the cycle wave. The count has been changed to Intermediate Degree Wave (1) at 3227 and current decline can be considered as Intermediate Degree Wave (2). It does not change ultimate target of NESPE as primary Degree Wave 3 which can be estimated above 6000 till 2024 AD but modification in Wave Degree only. Main Reason for change in Wave Degree is because of time spent for current decline. Minor Degree wave generally takes about 3-4 months only while Intermediate Degree Wave can take longer time say about 8-12 months as well.
Here are some Price time Calculations with suggests Either Wave (2) has already been made or May take a bit longer which varies from another 3 to 13 days. Whatever may be the situation. An Explosive and Surprising Wave (3) is about to start soon.
Wave a of Wave W was 35 (+-1 of 34) days affair.
Wave c of Wave W was 25 days affair.Wave a of Wave Y was 33 (+-1 of 34) days affair.
Wave c of Wave Y took exactly 25 days.Wave W took 71 days. So, if time equality applies then within next 3 days Wave Y may complete if fall continues from Monday onwards.
Level of 2090 and 50% retracement from 1149-3227 & Wave W equals Wave Y as well in log scale.
Level of 2237 in arithmetic Scale & 2290 in Log Scale equals wave A with Wave C as alternative count.
Thus, in Nutshell, Wave (2) bottom has already been made at 2287 on 21st of April 2022 or it may drift lower in the range of 2240 to 2090 within next 3 days (to match 71 days) or 13 days which matches with 61.8% Fibonacci time for Wave (2) of Entire Wave (1).
https://s3.tradingview.com/snapshots/j/JoHHXukM.png
https://s3.tradingview.com/snapshots/v/V037lri9.png