GDX getting ready for 54.. Bull flag again visible in GDX.... we have been waiting for pattern to form... stop loss 35 since stop loss is huge... you can also wait for GDX break out of the trend to avoid huge loss or buy near support of the flag...in case it reverses..
Silver on its way 33 dollars .. has broken out of triangle.. As a long break out remains.. it is on its way 33 dollars.. stop loss is 27 dollars...
BANK nifty expecting target 25060 to 25800 .. As per elliott wave analysis.. Expecting a wave 3 target of 25060 to 25800
DXY long term is indicating 110 to 112 upside in weekly .. In April 2020 weekly charts when DXY were showing targets of 87 to 88 (refer the link).. but now i feel that DXY has found support on long term weekly trend line around 92.5 and need to see whether it goes till 110 to 112. I have turned DXY bull since it is able to hold support for more than 2 weeks...
DXY bottomed in shorter term expecting 95 to 96 target.. DXY found support around 92.5 long term trend line support and will resume its uptrend in few weeks... I will be patiently waiting for bounce of over sold and support from trend line bounce
Gold showing bear flag in 4H sell below 1940 to 1960 target 1750 to1770 .. stop loss 2010 ... Hope we get opportunity to load Gold to resume uptrend in the long term. Some on social media are calling sub 1000 for Gold ... i will wait for chart pattern to indicate that possibility... My understanding is looking at Gold between 1999 to 2011 (Right when US...
Nifty showing double top pattern on 4H first target 11020 If Nifty Sell breaks 11000 (Some experts are considering wave C start confirmation ...next support 10910 10630 are our target next week. stop loss 1% for trading entry... Allow Nifty to go up as .say around 11200 Wave A -12250 to 7511 Wave B -7511 to 11391 (hopefully) Wave c - 11391 to ? Last week...
Nifty looking to short with stop loss 11390 target 9800.. As the chart shows wedge and also RSI on hourly and 4H showing negative divergence in RSI.. The pattern looks like ending pattern similar to Jan/Feb 2020. So i had to pull out of longs as part of risk management.. I also have habit of jumping little early but let us see it might turnout to be very good...
BTCUSD targeting 17000 to 18000 USD .. As you can BTC has broken out of bullish flag on daily chart for quite sometime now.. I can see social media full buzz with various BTC targets.. stop loss to protect your wealth is 8500 to 9000. Trader stop loss is always 2 to 3 % as BTC is highly volatile script.. Another target analysis using Elliott wave view... Wave 1 ...
US500 Short sell stop loss 3375 or 1% of trading capital target 3290 .. US500 looking for short sell as RSI divergence seen on 4H chart and looking for small drop till 3275 to 3290.. our safe target is 3290...
US OIL showing wedge pattern targeting 35 to 36 and also looking for retracement to 23.6 of recent upside...stop loss 42.6 Our previous stop loss for long 39.4 was also hit yesterday....
Gold parabolic pattern seen in hourly watch for the support.. Any break below parabolic trend line ..target chance of 50 to 70% Fibonacci retrace possible for target 1790 to 1820.. hence be cautious with Gold and have strict stop loss as a trend line . As a long it parabolic trend line is held. we can ride the trend...
US500 need to hold 3200.. if does retest of 3290 possible ... If 3200 does not hold 3170 and 3040 are possible... selling near 3275 will also good risk to reward strategy looking for target of 3175.. stop loss as 3305...
Silver below 22.25 can reach 21.75....consolidation in progress
US OIL still expecting 44 stop loss 39.4 .. as long as down trend line holds.. i am still expecting 44..Ascending triangle target... below 39.4 is negative for US OIL
Silver on its way to 25 to 26 this year ... Silver breaking long term trend line only 21.13 is pending to be broken on the upside.. Looks very good time to be silver trader...just buy on dips until 25 to 26... even 27 might be possible who knows.. it is going to outperform gold...
Looks like Ascending triangle on SP &500 target 3530 .. The first target looks like 3290... and then some corrrection to retest the break out line 3230 back again...
India Bank Nifty next target 22750 as it showing double bottom pattern. Long Bank Nifty stop loss 20950 Target 22750 . Other fibonacci targets are as follow as 23700 24700 25400 and 26400