In this post I'm discussing the chart of Dax using Elliott Wave. As per my main count that is presented here the market is in Wave v of Wave 3 and hence a lot of upside remains. Upside targets for upcoming months : T1 : 12400 (Most recent high) T2 : 13000 T3 : 14000 The market seems very favorable from the point of view of investment as more upside can be seen...
In my last post I made a forecast that the 8440 (Final Target) mark should be achieved by Nifty for the completion of Wave B and as you might have noticed, Nifty not only achieved the target level of 8440 it never gave a close above the 8440 mark. As of now I will still hold my previous view and as per the prevailing count the last Wave C is still to unfold...
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 can be initiated there. Strategy : Wait for...
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 be on cards. STRATEGY : Wait for reversal. ...
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 current Wave under progression is Wave v of...
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 reverse from the 23.6% retracement mark...
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 Yellow) Probability 2 : The Wave 1 of Wave 5 completed around...
Analysis method : Elliott Wave Dollar Index seems to be moving in Wave 5 currently and the expected are: T1 : 102.50 (Already Achieved) T2: 105.76 T3: 109 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 till 32$ to complete the Wave C. T1 : 40 T2 : 36 T3...
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 Wave does not seem to be an extended wave in terms...
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 of non extended wave. SL - 42 (Should be trailed as...