0807 Kyal PDF

MTA Webinar
www.wavesstrategy.com
Presenter:Mr Ashish Kyal (CMT)

Ashish Kyal is the Founder / Director of Waves Strategy Advisors
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
Waves Strategy Advisors
Topics
BASIC PATTERN
DAIGONAL
EXTENSIONS
CORRECTIVE WAVES
ZIGZAG
FLAT
TRIANGLES
COMBINATION
5TH WAVE TRUNCATION

ALTERNATION
WAVE EQUALITY
WAVE CHARACTERISTICS
CHANNELING
RATIO ANALYSIS
PRICE & TIME CONFIRMATION
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
The Fibonacci Series

1,1,2,3,5,8,13,21,34,55,89,144..
The Golden Ratio 1.618
Fibonacci is used for Retracements & Projections
Impulse Pattern
It is structured as (5-3-5-
3-5 )
It can be upside or
downside
It is labeled as 1-2-3-4-5
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
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
10
Ending Diagonal
3-3)
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 or
time
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
Channeling Technique
Channeling Technique
Corrections
Correction should take more time than preceding
waves.
There are three basic types of standard correctives:
Zigzag
2. Flat
3. Triangle
1.
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
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 0.618-1.618
times of Wave A
Wave B should retrace
atleast 61.8-100% of wave
A
Irregular Flat
Wave b should be
between 100% to 161.8%

of wave a
If wave b is more than
138.2% of wave a then we

might see irregular flat
failure pattern
18
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
Triangle
3-3)
Each segment in triangle
is corrective
At least 3 segments
correct more than 50%
of previous wave
Triangle can drift upward
or downward
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
Combination
Double Flat
Flat +
Zigzag
Triangle
+ Flat
Double Flat Correction
Triple Combination
Flat + Flat +
Triangle
Zigzag+ Flat +
Triangle
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
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
Services offered by Waves Strategy Advisors:

Equity / Commodity / Currency research reports that are published on daily
basis before market opens
Intraday / Positional advisory on Equity and Commodity
Research report and advisory on Currency pairs
Global Market forecasting
Research on COMEX and LME markets
Research on NCDEX Agri products
We also provide:
Outsourcing Research solutions
Fund Management & Portfolio management services
Conduct Educational seminars, Class room training, and Distance learning
modules.

MTA members can avail a discount of 20% on
subscription of any of our Research reports/ Products
To subscribe visit Store page at www.wavesstrategy.com
Register on website for daily free newsletters

Contact Details:
Website: www.wavesstrategy.com
Email Id: ashishkyal@wavesstrategy.com
helpdesk@wavesstrategy.com
Contact Number: +91 22 28831358/+91 9920422202

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MTA Webinar

Presenter:Mr Ashish Kyal (CMT)

Waves Strategy Advisors

5TH WAVE TRUNCATION

PRICE & TIME CONFIRMATION

Waves Strategy Advisors

Waves Strategy Advisors

The Fibonacci Series

The Golden Ratio 1.618

Fibonacci is used for Retracements & Projections

Waves Strategy Advisors

Waves Strategy Advisors

concept suggests wave 2 cannot retrace more than

Wave 3 cannot be shortest of Waves 1,3 and 5

Wave 4 cannot enter into the territory of Wave 1

Waves Strategy Advisors

extended, then wave 1

Waves Strategy Advisors

Waves Strategy Advisors

above wave 3 then wave 5

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

There are three basic types of standard correctives:

Waves Strategy Advisors

more than 61.8% of wave

Waves Strategy Advisors

probably move beyond

Waves Strategy Advisors

between 100% to 161.8%

If wave b is more than

138.2% of wave a then we

Waves Strategy Advisors

below the start of wave a

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Double Flat Correction

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

broken in faster time

Waves Strategy Advisors

broken faster than wave c

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Services offered by Waves Strategy Advisors:

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

Waves Strategy Advisors

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