As we can see on the above chart, Nifty & Nikkei have two different Corrective Structures . Nifty and Nikkei is a ABC and WXY correction respectively. So the Right Side in the short medium term is down or turning down . Now we expect that the correction will be completed in the end of third quarterly, 2023. At this moment we only identify Nifty with bullish...
Hello,
EURUSD's right side of the market is down. At this moment, it is inside a corrective cycle from Sep-22.
This correction has an abc structure, and we expect it to reach the green zone before turning down and continuing the USD strength cycle.
Therefore we can sell EURUSD once the price reaches the IZ (green area) having as a target, at least, the 0.9555...
Gel is showing signs of resistance at the $32.39 to $32.85 level. Needs to clear that before any talk of continued uptrend. But for now, time to take profits if you already have some.
