BANKNIFTY based on NEoWaveBanknifty, after a correction from 57628, formed a reverse contracting triangle that ended on September 29.
After the reverse triangle, a price surge occurred and the price was able to register a new ATH. Given the similarity of the waves in terms of time and structure, it seems a diametric is forming and wave-d is completing. It seems this pattern that started from September 29 could grow to 61900-62000 units.
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Neowaveforecast
End of Wave-(e) in SILVER based on NEoWaveIn the previous analysis, we stated that silver is in wave-(e) of a diametric pattern, and the $53-56 range could mark the end of this bullish wave. After entering the target range, silver declined by 16%.
Wave-(f) of the diametric has begun and could oscillate between $41-56. In terms of timing, silver's correction could end in August 2026.
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NEoWave Chart
The upward wave has ended.Since the past and the $2000 gold price, we have provided and updated our gold analysis, stating that wave-(E) of gold has started.
In our latest analysis, we mentioned that gold could rise to a maximum of $4330–$4401, and prices above this range would not be sustainable.
Currently, in my opinion, the post-pattern move has been confirmed, and we can say that wave-(F) has begun. This corrective wave could take approximately 2 years, after which gold's upward trend may resume. Gold prices could fluctuate between $3100–$4300, and the most likely pattern for wave-(F) could be a triangle or a diametric.
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NEoWave Chart
USOIL based on NEoWaveThere has been a lot of demand for oil analysis.
In the 2-month cash data, we see that oil reached $56, and many say there’s a possibility that oil may not touch the high levels above $70 again, but the chart suggests otherwise.
In the 2-month cash data, given the complexity in wave-(c), it appears that a reverse contracting triangle pattern is forming. After the completion of wave-(c), wave-(d) of this triangle could potentially rise to $90.
Currently, we are in wave-(c) of this triangle, which is transforming into a diamond diametric pattern. Wave g of this diametric could end at $56 or in the $50-52 range, completing wave-(c).
The chart will be updated if needed.
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NEoWave Chart
The last upward wave of GOLDInitially, our expectation was that wave-(i) of (E) would be a diametric, which in the analyses we said its wave-g could move up to $4200, and gold touched $4180. But a corrective wave formed from around 4058 to 3942, and given the high price similarity between the waves, the scenario of forming a symmetrical has been strengthened.
If the gold price can powerfully break above 4200, we can expect gold to continue its growth to the range of 4330-4401 dollars.
Given that we are in the final upward waves of gold, I should add one point to the above:
- Until a strong, fast, and large downward movement bigger than waves b-d-f-h occurs in the market, we cannot confirm the completion of wave-(i) of (E). In the higher degree pattern, wave-(E) in my opinion can grow at most to 4401 dollars. If this level is broken, it will not be very stable.
Long-term Analysis 👇👇
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NEoWave Chart
The time for the ALTCOIN rallyThe text is a bit long, but it contains valuable insights. I’ve reviewed the past and discussed the #TOTAL3 chart update at the end, so make sure to read the full text and check the charts and previous posts linked for reference.
1. In my initial analysis on July 9, I mentioned that in the long-term view, the TOTAL3 index was heading toward the red box. This played out, with the index rising about 38%, leading to 40-70% gains in altcoins.
2. On July 19 , I explained this chart further, noting that many believed the altcoin season had started and altcoins would see significant gains. However, the chart showed we were in wave-(D) of a neutral triangle, indicating that the major altcoin surge people expected wasn’t here yet.
3. In my latest analysis on September 26, I wrote:
"The Running Triangle pattern remains valid. However, with wave-e breaking the a-c trendline, we should consider this a warning. There’s a possibility that a Diametric pattern could form instead of a Running Triangle.
Altcoin Market:
As I previously stated, the altseason many analysts expect hasn’t arrived yet. Looking at the 1W cash data chart, we’re in wave-(D) of a Neutral Triangle. Still, I believe altcoins could see 30-70% growth. In my view, the main altseason is likely to occur in 2026. To pinpoint the start, we need to wait for wave-(D) to complete."
4. #TOTAL3 Chart Update:
As noted in my last analysis, the final part of wave-(D) turned into a Diametric pattern (explained in the latest #TOTAL3 analysis). Exactly from the red box, a sharp 35% drop in the #TOTAL3 index occurred. This suggests that wave-(D) of the neutral triangle has ended, and wave-(E) has begun. Based on the price size of wave-(D), the final wave of the neutral triangle could complete at 699B or 514B, after which the main altcoin rally should start. I expected another upward move, but Trump’s influence halted the growth.
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NEoWave Chart
SILVER target based on NEoWave
Based on the weekly cash data, it appears that the trend that began on March 9, 2023, is developing into a diametric pattern, and we are currently in its Wave (e). I expect Wave (f) of the diametric to start from the current prices or the $53–$56 range.
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NEoWave Chart
The corrective phase of the S&P
In my view, the S&P 500 index is forming a diametric pattern in the long-term timeframe, with wave (E) currently nearing completion. Following this, the index is expected to enter a corrective phase, which could involve both price and time corrections:
- The price correction may extend to the range of the drawn box, potentially dropping the index to 3,500 points.
- Alternatively, the price could decline to the 4,700–4,800 range and then consolidate over time to complete the time correction.
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NEoWave Chart
The last upward wave of GOLDAs I previously mentioned in the analyses, wave-(E) of the diametric is turning into a symmetrical pattern, and we are currently in wave-(i) of the symmetrical.
It appears that wave-(i) of (E) is a diametric, and we are in the final wave of this diametric. This wave could move toward the range of 3900–4050 and 4160–4200 dollars.
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NEoWave Chart
NIFTY50 UPDATENIFTY50 Analysis
The minimum target set for NIFTY50 (Red arrow formation) on August 26 was reached, followed by a rapid 3% decline in NIFTY50.
Technical Analysis
I expected NIFTY50 to continue its upward trend after breaking the 25,155 resistance level, but with the downward movement and wave overlap, it appears that the correction is not yet complete. Sometimes markets and charts become complex, but this complexity has not yet reached a level where we can predict the short-term future trend with high confidence. This is why Mr. Neely always advises allowing corrective patterns to fully form before making decisions based on observed signals.
Current Market Status
What is clear is that the Indian stock market remains in a phase of indecision, and its short-term direction is still unclear. In such conditions, it’s better to remain an observer or act like a scalper, which requires a high level of skill.
Long-Term Outlook
In the long term, the NIFTY50 trend remains bullish, and the long-term path of this index appears clear.
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NEoWave Chart
Altseason is likely to occur in 2026
In my latest analysis, I noted: "It appears that after the recent growth in lower timeframes, we have entered a corrective phase, and a Running Contracting Triangle pattern is likely forming. We are currently in wave-d of this triangle."
After the completion of wave-d , we observed a 10% drop in #TOTAL3, which led to a significant decline in altcoins.
Regarding the Running Triangle:
The Running Triangle pattern remains valid. However, with wave-e breaking the a-c trendline, we should consider this as a warning. There is a possibility that instead of a Running Triangle, a Diametric pattern may form.
Regarding the Altcoin Market:
As I previously mentioned, the Altseason that many analysts are anticipating has not yet arrived. By examining the 1W cash data chart , we can see a Neutral Triangle forming, and we are currently in wave-(D) of this triangle. Nevertheless, I still believe altcoins will experience at least a 30% to 70% growth.
In my view, the main Altseason is likely to occur in 2026. However, to determine the precise timing of the Altseason's start, we need to wait for the completion of wave (D).
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