Currently looking at 1H time frame, the bounce off 4th wave internal of Falcon Wave shows that price can go up to end of wave 5. Falcon Waves is different from Elliott Waves. Trade Setup: 1. Long till top of wave 5 2. Short from top of wave 5
Nothing changed in terms of Falcon Waves - Wave counts are same as was on 17th June 2022 If you look at chart carefully we have Trigger Line placed and it got closing above the trigger line which really matters. Now I think we can go higher, provided we get some support from US today. Monday is holiday in the US so Tuesday can be a pull back for us. This is...
What Next? #BTCUSDT 18330 looks a good short term scalp opportunity. Buy here for a good rally with target of 25K++ USDT
Story time, I knew FOMC meeting will happen, 75BPS is priced in, but I was not carrying any positions. Before mega event it is better to avoid holding positions as it will never help. Market opened gap up and stop loss of many triggered, and people who were writing puts squared off and so on. Followed by massive call writing and sharp selling leading to wave...
Nothing new under the sun. Are Moon cycles running the show? FOMC meeting tonight IST, let's hope for the best. Expectation = FOMC meeting results in rate hike 75BPS (Bad for market, some bull trap rally and then nuke?) Falcon Waves show that we still have some room to go down, so perhaps gap down and then bounce? Check the chart for more info, we have just...
We are on 1H time frame, looks like 4 is done (even though I wanted it to go little higher) I will update chart if I find SGX Nifty little off in the morning on 15th June, however for now, I am looking at 15500 levels as completion fo Wave 5 and then we will go up in main wave 4 - having said that I can see 15900-16000 levels again when we reach there in main...
We are moving as per plan. A complete Falcon Wave count was shared in 13th June Analysis post - link below. Now we move up in a very short term relief, the perfect trading will require you to trade in the direction of trend which should be bearish at the moment, meaning look for shorts only. Small target around 15900 levels, followed by continued massive...
As mentioned earlier there is selling pressure build up. We can expect some bounces for formation of Higher Lows but overall we are going down. Expect massive selling rally next week, but I still think Monday and Tuesday we can have some pull back to form internal wave 2 of wave 3 shown in previous charts. Will add more analysis in sometime.
Market moved in the direction of analysis, we were able to book profit initially and then moved up using trigger line method. Now looking at the market it seems that selling pressure will come, but today there was good buying from 16250 levels which had previous daily trendline support levels as well. Same charts were shared on previous day analysis and even...
Today's price action reminds me of Fed meeting that happened sometime early this year. The price on the day of Fed meeting was up mostly and then next day it Nuked. Same thing is expected here in India. We finished wave 4 as shown in the chart, please check previous posts on detailed charts with wave counts - links given. Some people are too Euphoric, and they...
We might get one day of sideways - fractal move to complete wave 4 Nifty target is set for 16230 levels - and if we get lucky we might even see 16100 levels. After this there will be some relief rally to 16500 levels before we continue to go lower. Major trend is downwards Weakness continues 100-150 points upside in the morning followed by downward...
Nifty script is written by Falcon... and now you are reading it. Don't change it. Focusing on what was mentioned before, the bears are recovering their lost ground - and hoping for massive fall. While that happens we are counting Falcon Waves. Falcon Wave 5 in progress - and we are in wave 1 of 5. The chart now has some wave count - which I will change...
This chart was posted before as a comment in 3rd June 2022 after market post. Nifty looks weak for now and we have started moving downwards. My first target for this rally will be 16100 levels - I like to carry forward positions for now. - Target 16100 levels - Speed increase after 16400 level is broken - Possible Gap Down
Nifty is moving as per chart analysis and feels great. We are moving towards 16800 levels but there it is... and that should be a good local top. Enjoyed this rally and from next week till June end we should see a good fall eventually. Follow me for daily analysis. Blue box shown in chart is a good resistance area and there is no way we can break it...
Bounces looked good yesterday as I predicted it. I am expecting range bound to higher areas to follow 16900 levels to shock bears. US market - a little shaky but should hold previous levels - and Nifty may follow for a week to test 16600++ and 16900 levels After this planning a Nuke party with buying puts at the top to double and triple capital before I head...
Nifty looking good for a downside. Can we get a gap down tomorrow? - Very much possible with today's price action. We will hit purple level, 16400 levels. - Low levels most likely! On higher side, 16600 levels and above is good area to play longs.
Have mentioned in previous posts as well, we will test the puprle level indicated in the chart, a pull back only to move higher? - Time will tell. For now we trade on this pull back with target of 16400 levels. This is a neutral trade, once we reach 16400 levels then again we can go long for further higher targets and eventually we have to short from the top...
Gap up to break this level, but then strong resistance ahead can mark a choppy Monday. Levels to watch: We have reached reversal area, even though possible price can move up considering positive sentiments, there is strong resistance ahead. Upside - 16400-16500 levels Downside - bounce from 16230 levels esistance commentary: 16500 level is a strong...