Hello Traders, by counting the NIFTY50 (Today`s session is still running) the targets were achieved as you can see on the chart! NIFTY50 meet the downside target at 9777 and overfullfiled the expectation at 9845.77 for a Wave c of 2! This low at 9777 had the 2.0 length of Wave a and I `m still observing to switch the count from correcting view to Impulsiv down...
Hello Traders, for many days the Wavestructure of the NIK225 was not clear. At the Weeklychart now is a chance to see what will happen maybe next. At the right on the chart you can see that the NIK225 is on the way to build a "bearish Engulfing" Candle. By ending the tradingweek tommorow the opportunity is great it will occur. I have labbeld the ending advance at...
Hello Traders, yesterday the FX pair fell clearly from 1.19103 to 1.17140. At the early trading today a lower low occurs at 1.16878 which compete a five Wave move. Here a Wave 1/a is done. At this low of 1.16878 the EURUSD meet the rising trendline which connects the lows at 1.05237 (2017-01-03) and 1.09109. This line was often penetrated in the past and is not...
Hello Traders, as of yesterday I wrote that the NIFTY200 shows a "bearish Engulfing" pattern on a daily basis and the ISHARE MSCI India Small Cap Index Fund was working on a Barrier triangle which is heavily to break! So today it occurs that both Index and also the NIFTY50 where deeply sold by traders and new lows occurs to the Indexes. Normaly a bearish engulfing...
Hello Traders, as you can see on the 2hour Chart the EURUSD topped at 1.19103 and then declined to 1.18049 in early Tradingsession (US time) tonight. This pattern is clear a five Wave move down and implies a Wave 1/a. It can morph to a ZigZag or even an impulsiv Pattern. From here a countertrend may runs in a Wave 2 with targets around 1.18108 to 1.18340 which is...
Hello Traders, the NIFTY50 made a new high at 10137.85 on Aug 2nd. From that level on a short term decline is in progress and meet 9947 which was the Wave 4 Zone of one lesser degree. This move is clearly a corrective pattern. As long as the NIFTY is trading below the level of 10057 I favor the idea that Wave c is not complete. At 9938 Wave c equals Wave a and at...
Hello Traders, Silver priced lower in Monday morning Trading and made a lower low at $16.095 as I had favor because of the bearish Engulfing which occurs on the daily chart last week. This level was just tics below the 1.38 FibExtension of the length ot Wave a! From there Silver reversaled strong and create a Candle which looked like a Hammer! Since hours silver...
Hello Traders, at Tuesday`s tradingsssion Silver create a "bearish Engulfing" on Daily basis which brought a decline on Wednesday and a short Countertrend move on Thursday. At Friday the next bearish Engulfing occurs on a daily basis. We have to expect one more shortterm move to the downside, maybe a Wave c of 2, on the other hand the second leg down is equal in...
Hello Traders, on the Chart on the upper graph you can see USDollarIndex. Below there is the EURUSD! At todays Intraday trading both Indexes reverses sharply from there Lows/Highs. This is maybe a first sign that the EUR advance is ending or nearly to do so. A first clear five Wave move to the downside will confirm this view. If this is the case a multi week...
Hello Traders, I have updated my count and placed the labbels under the Chart as you can see. One poosibility is that the sharp decline to the downside is Wave c of iv and it is nearly done or close to be. The length of the suposed Wave c is equal to Wave a ( a bit more) right now. In my analyses of Aug 2nd on a Daily basis I looked to a target area around 16.27...
Hello Traders, the NIFTY 50 has topped at 10137.85 on Aug 2nd! It completed a multiweek advance within a wave 1 as you can see on the chart! At 10145 the Wave 1 high advanced to the .786 Fibo RT as the Index did from 9075 to 10137.85, his Wave 3 to Wave 4 decline. At the high of 9746 the Nifty has extend it`s Wave 3 advance to a 1.618 Fibo Extension from Wave i...
Hello Traders, Silver peaked in overnight Trading on Aug 02 to $16.96! This High marks the top in Wave B or Wave iii. If this high was the Wave iii it expands the length of Wave i 1.618 times, which is a commonly target in EW Rules and guidelines for a Wave iii! From this Level a decline followed to $16.42 (I have left my forecast, marked with the orange TL within...
Hello Traders, sometimes Markets move clear, sometimes they do not! In overnight Trading on July, 10 th a Sell off in Silver occurs, which brought Price to the Level of $ 15.145! This Levels marks the End of a Multiweek decline in the Precious Metal which started at April 17th at $17.74! The following advance ended may last Night in Overnightsession with another...
Hello Traders, the EUR/USD 0.20% peakt in yesterdays session to a high at 1.18457, just tics shy of my favor target at 1.18454 which possibly marks the end of Wave III (blue)! The small decline has not much details to judge if this is the start of a new decline, which would include the view that the top is not a Wave iii rather than a Wave c high! I will wait...
Written yesterday.... Hello Traders, Silver Fut are on the Way to higher Highs with differernt Options to know. Silver started it`s clear five wave move up at $15.185 and mark a high at $16.575. From that Level a correction started, shown a "Running Flat" Pattern (in my view) and retraced just a bit more as the 0.23 RT 0.98% 4.21% . A very shallow setback but...
Hello Traders, EUR/USD is still working his way into the resistance zone. The first possible target got topt @ 1.17890 and the pair set a high at 1.18321 for the day. The next possible stopping range is 1.18414, just tics away from the dayhigh and one o my favor targets! The Dollar Index (not shown) just mark also a new low for the day, so I think we`re not at...
Hello Traders, after the closing bell for NIFTY50 is time for an update! I have optimized the chart (in my view..;-) and I do think that the ATH @ 10114.85 is Wave 3 (micro) of v of 3 (circle). The RSI (14; close) jumped to a record high at 85.3 Points, which favour a Wave 3 high. Now a Wave b of c within a ZigZag is on the move as I think. The targets are on the...
Hello Traders, my view to this pair! The advance that started @ 2017-01-02 at 1.03394 has multiple resistance ahead! First, this pattern looks to me like an impulsive one, which bring a change at the USDollar Index too on long term view! It penetrates three times the rising trendchannel as shown on the chart with the black doted lines and give us a breakout with...