From this scenario I think EURUSD will gonna drop below 1.0000 target around 0.82xxx. Why ? From my view, EURO zone is collapsing cause by Brexit and will send EURUSD to the hug of big bear.
I don't think gold is in a bullish impulse wave. I think gold is developing wave X and will see wave Y soon. This trading plan is a opportunity to short Gold TP. below 1000 stop loss above 1380.
The Aussie pair has been moving in a flat correction the last few days. I will be keeping a close eye on this pair into next week with the expectation of a minor degree 3 wave rally back into resistance at the 0.75000 handle.
Britain has voted today to exit the european union. What will this mean for the top 100 companies? Looking at the larger context on monthly timeframe of FTSE, I can see a corrective elliott wave pattern known as a flat. If this count is indeed correct, an impulsive decline is on the cards in the coming years What do you think?
Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins. As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level. Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give...
I think GBP/USD is forming correction pattern "FLAT" and we are in the C wave of flat. Expect sharp fall will coming soon. Is this scenario tell something about "Brexit" ? Who knows. Time will tell. Trade with care. Cheers.
The pair has been trading in a corrective manner last few days in what looks like a textbook flat correction. Five ways can already be counted for wave C. After the completion of the pattern expect a decline in five waves taking out the low of 103.50 Buyers Beware!
As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also. Wave...
I think we are in wave B (strong B) and will drop to nearly 1225 after "brexit" vote. Don't scare to buy back if gold drop to 1225. We will catch the wave 3 in the larger degree.
Copper has potentially completed its Wave 2 correction and started its 3rd Wave. We see divergence to complete the wave v of C wave giving additional confirmations of the bottom. One can go long on Copper at current levels with stoploss just below 2.00 figure mark and Targets around 2.43 as Target 1 and 2.75 as Target 2. Its a nice risk reward trade. Happy...
As per my analysis, I believe Wave 1 cycle (containing 5 impulse waves and 3 corrections waves, total 8 Waves) has completed and the buyers have moved in to take prices further up for a new wave. It will be a Wave 3 impulse extension. I believe it is a good time to get long in this one for all day traders, swing traders and investors. Initial RISK/Reward =...
As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week. EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week ...
In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78. Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to...
Nifty along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market. Reversal going to happen on 8100 to 8150 region.
Simple Elliot wave formation and we can clearly see that Wave C is yet to form The trendline marked offers strong support to price and if its broken a good downward move is possible in HCL Technologies Limited. Can bounce up on trendline touch so watch closely. Check your stops and targets before entering the Trade. For, Instant chart/Trade Idea updates...
potential wave count and double bottom, take care and manage risk
Here we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price. We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.