India Bank Nifty as long 34500 holds target 40000 .. Reason watching ascending triangle which has been support for more than 12 weeks and it is reliable Ascending triangle length is the target
Silver Long term Bull flag stop loss 24... target 44.. Currently looks as if is good buy point... may be in 1 or 2 year...44 target is possible.. Looks very interesting...
DXY bullish Flag break out on daily target of 93.5 stop loss 91 .. Showing perfect Bull flag break out... Looking for targets of 93.5
Gold forming bearish pennant and expecting target 1700 .. It might take few weeks for completion.. If price breaks out on top of pennant i will book stop loss.. If you are long please be cautious...as it develops
DXY looks impulsive for target of 96 stop loss 92 .. Looks like DXY has started short term Wave 3... as long 92 is maintained ..i will be bullish until 96...
Would love Slow Grind to 1600 to 1620 by August first week .. Now that Hard move in Gold is done... I would like to see slow down in Gold .. I will change my view above 1800 which will be my stop loss ... We need to patient...for at least 1 or 2 months... as Gold slowly Grind down...near 1600
BTCUSD possible triangle break out to $50K short term . After a elongated Zigzag Wave C, Triangle in progress.. Support at $30K target $50K within next four weeks.
Long term monthly Fib extension of Wave 3 show that it extended till 1.764 ratio from wave 2 bottom and after last year Wave 4... sudden fall to 2191 in monthly chart (wave 4 bottom).. is currently facing Fib extension ratio of 1.382% roughly around 4220... Taking rest at this place 4220... It will interesting to see if it can reach 4550 this year.. before...
Gold still in Correction stop loss 1935 target 1820.. and i am not still feeling bullish about price action which still looks corrective... let see whether gold breaks down below 1800..as of now safe target for sell is 1820... if we break down 1800 we need to add more shorts.... lets not jump right in now we will wait for price action to tell us... if Gold closes...
Gold looking for 1920 target first .As long is gold above 1800 we are fine.. if 1800 is held for next two weeks and 1926 is broken then next target 2200 and then 2750 to 2800 dollar in next Four years.. Reason -Cup and handle is about to complete above 1920...
BTC waiting for bottom - Has it bottomed at 30K or one test 27800 is pending ? still not clear... We need to 27500 to be held.. Some experts are calling for rally 100K again it is possible but lot of pain need to be endured and patience is key ..stop loss need be 27K if we go long.. Dream is already wave 2 bottom is found at 30K and then rally to 150K next four...
Silver showing long term ascending triangle target 38 next year or when ever break out happens.. The view remains open as long support line is held
ETHUSD looking for targets of 3250 stop loss 4500 . ETHUSD stopped exactly at 1.618.. Just see the power of Fibonnaci resistance 1.618 and now looking for Wave 4 bottom to 3200 to 3250 (Fibonnaci 1.00.. This good level to buy again for new high
Gold sell stop loss 1860 target 1595 to 1610 .. Gold once again faced resistance on top downtrend line.. This looks like good level to short Gold stop 1860. Flag needs another downtrend to be tested... and support for this flag 1595 to 1610 (bottom downtrend line
Short US OIL stop loss 68 target 55 to 57 . looking for Wave C down.. and looking for down trend to continue
ETH near resistance after correction looking 3300 to 3750 .. Elliott wave 3 raging...any buy on dip or correction to 2675 to 2750 looking for 3300 to 3750 .
GDX shows signs of completion of downtrend has crossed 50 dma and 20 EMA this week. This makes GDX bullish for next week for a target 35...Above 36.5 closure will lead to wave 3 rally ...to reach a target of 60. Elliot wave correct of 1.764% have been completed for GDX.. but i will turn bullish longer term above 36.5...
BTCUSD above 59100 may see target 67000 ... As per experts we can spot reverse head and shoulders on BTC USD ...I also see it is ripe for break out to rally another 9K to 10K soon to 67000 to 68000.