In this article I will be doing Elliott Wave Analysis of the Dollar Index, as you can see from the current count that we are in a Wave 4 of a higher degree Wave 3, hence it calls for a buying opportunity.
I believe that the 38.2% level that is coming near 100.24 should act as a Region of Support and hence buying ...
Here I'm giving my short term view on Nifty 50 using Elliott Wave Analysis.
As you can see the structure is that of a Triple Zig Zag and currently we are in the last leg of this Complex Correction.
I believe there is a high probability that Nifty will give a reversal b/w 8340 to 8370, if not then T3 : 8440 will ...
Here I'm presenting long term view of Nifty using Elliott Wave.
I have counted the move from 4650 to 9100 + as 5 Wave Progression of Wave 3 rather then marking it as Wave 3 since it falls short of 1.618 mark, also the given count is much more fitting given the current wave structure.
As per this Main Count the ...
Currently EURUSD seem to be in the 4th Wave of a 5 Wave down move, since Wave 4 is generally complex by nature, one can expect a little sideways activity before the next leg down.
On the upward side the current movement should be restricted to 1.08328 (38.2% Retracement), however it is also possible that it might ...
In my previous count I predicted that SPX will head higher in Wave 5 for targets around 2370 and 2500+, since then the movement has been as expected, as of now there are multiple probabilities that can play out.
Probability 1 : The Wave 1 of Wave 5 has formed an Expanding Leading Diagonal (Count in ...
Analysis method : Elliott Wave
Dollar Index seems to be moving in Wave 5 currently and the expected are:
T1 : 102.50 (Already Achieved)
As per the current picture atleast T2 should be achieved.
Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I'm taking that as the Secondary Count.
The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see lower levels of atleast 40$ and can even go down ...
Wave Count Started from March 2009.
Wave 1 : 666 to 1370
Wave 2 : 1370 to 1074 ( 38.2 % retracement of Wave 1 )
Wave 3 : 1074 to 2134 ( Less then 161.8% projection of Wave 1 )
Wave 4 : 2134 to 1810 ( Little lower then 23.6% retracement )
Note – Values can have a bit of variation.
As per this Wave count the 3rd ...
As per this daily chart a 5-3 move is already complete up till the 39 level, now as per the Elliott Wave the progression should be 5-3-5 in both cases.(Case 1 : Impulse, Case 2 : Correction ), hence using the basic Fib. extension the target are
T1 - 64 mark (100%)
T2 - 70 (123.6%)
T3 - 80 (161.8%) Maximum in case ...