at my last analyze I wrote the following:
“....The weakening price behavior since is part of a wave (4) move that should end near or at the 26125 price area. At this point, it will retrace a 0.382 Fibonacci of wave (3).“
This was exactly what happened. Hang Seng moved this morning to 26609.10 within a gap-up. This was the opening and the closing...
today, NIFTY50 opened with a gap-up at 11360.80 and closed the days positive @ 11428.50. This all occurred with an a/d-ratio of 4.5 and a TRIN @ 1.34.
Yesterday`s move had an a/d-ratio of 2.5 and a TRIN of 0.41.
The latter indicates often an ongoing advance within a (short-)term trend as it happened today.
The wave structure since 11091.30 shows...
a "sharp move" occurred at CGC (Canopy Growth), but not to the upside, instead a decline to fresh lows @ 19.64! This low was some tics below the 1.618 FibExtension from 52.74-44-13 and could be all of the declines within a wave „C“/“Y“ of „2“ or one more up-down sequences are need to complete.
Analyzing the move from 23.68 to Friday`s low @ 19.27,...
NIFTY50 advanced to 11362, which was the 0.45 Fibonacci of the move from 11693-11061. The latter one was shy above the 0.618 Fibonacci of the move from 10670-11693. So it could be possible, that the correction is done.
A break of the 11400 area, with a solid volume and a clear bull-candle, would strengthen the odds to that conclusion!...
yesterday`s low @ 25522 was a possible wave (2).
Today`s gap up by the opening bell was a wave (3) price move that carried HS close to a 2.618 FibExtension of wave (1)-(2)! The weakening price behavior since is part of a wave (4) move that should end near or at the 26125 price area. At this point, it will retrace a 0.382 Fibonacci of wave (3).
Hang Seng is moving sideways as of the past days and implicates that the decline is not over and done.
Price is now moving between the 0.618-0.786 Fibonacci (25847-25430) of the advance from 24899-27366. A decline to the lower Fibonacci is possible and will not rescind this bullish forecast. A steep and deep decline often occurs within a wave „2“...
NIFTY50 declined to 11090.65 this morning, which was shy above the 0.618 Fibonacci of the advance from 10670.50-11693.80!
It did not break the series of lower highs, what will be the case @11399.90, the high of October 4! A break of this lower highs would be a first hint, that the correction is done.
A break of today's low (@ 11090.65) will be an...
CGC declined to $20.52, which could be all of the declines or it is wave ((iii). The minimum expectation for a wave „5“ is given, by making a lower low below the wave ((iii)) at $22.76!
The 1.618 Extension of wave ((i))-((ii)) is @ $21.12, the possibly wave ((iii)) low was at $22.76. So the wave was extended, but not the usually 1.618 Extension as...
Hang Seng gaped lower at the two latter sessions, but closed the gap intraday and made a marginally lower low @ 25783. This is in the cited target range as of my last analyze of 25786 – 25629.7 area.
Today HS popped to a high at 26192.9, what is some tics above the high @ 26161.70 as of September 30. But it failed to exceed this level on a closing...
NIFTY50 popped to 11694 on September 23. This move could be wave ((1)) of a larger advance or it is a wave „3“ and the running correction since a wave „4“ of lesser degree. The correction retraced a bit more as a 0.382 Fibonacci of the advance, which is to shallow and make the odds high for a more complex structure, as a W-X-Y-X²Z is, for example....
today, HSE is closed because of the National holiday! So a good chance for an analysis of the market.
Hang Seng made a low on September 30 @ 25766 and advanced since to 26161.70.
This move is a small five on a lower timeframe (5min chart)! If so, it has to retrace a 0.618-0.786 Fibonacci of the advance which is @ 25786 – 25629.7 area. This should...
the massive buying power that occurred on September 20 has pushed NIFTY50 to 11694. The correction since is not done now, `cause to my view, it is to shallow and retraced less than a 0.382 Fibonacci. So a possible complex wave structure could be underway and develop in the coming days.
May N50 make a new high above the 11694, I think it could be a...
Hang Seng made a high on September 13 @ 27366.50 and retraced a 0.786 Fibonacci of the advance to 25917. This is a possible wave (2) in a double 1-2 move.
The first wave „2“ retraced also near a 0.786 Fibonacci of the advance as the second did. Technical measurements (not shown) spot the same behavior, while the second wave (2) has shown readings of...
Hang Seng made a high @ 27366.45 and declined since to 26435.67, closing basis.
The advance from 24899 on August 15 is either a „three-up“ or a one-two, one-two.
If it is a „three-up“, which would be countertrend, wave „c“ of the flat needs one more up-sequence to complete. The high @ 27355.65 was some tics above the 1.382 Fib-Extension (@27259)...
NIFTY50 declined to 10670.50 on September 19, but failed to exceed the target range as of my last analyze @ 10311 to 10123! Instead, after a „five-down“ N50 soar to 11381.55 just in a one day move, with an a/d-ratio of 7.3 and a bullish TRIN at 0.69! So, the triangle idea failed to develop, a flat pattern occurred.
This move is not clear a „five...
here is BOD Australia Limited, a Pot stock.
The stocks priced as of yesterday's closing @ AUD0.48 a share.
To observe at the chart is my idea of the move to the low @AUD 0..225 and the move up since.
I have counted the 0.72 level as a wave (A) or (1) and the decline to 0.225 as a wave (B) or a (2) that subdivided into an “A”-”B”-”C”-flat pattern...
todays forecast is a bit triggy. NIFTY50 declined to a 10827 on a closing basis and broke below the lower up sloping trendline, what is the b-d line of a triangle.
In this case, the final move to the downside has started today, while completing the triangle at 11084.30, a wave (iv)!
To measure the target zone for a triangle thrust is really simple...
Hang Seng made a high on September 13 @ 27366.5 and gaped lower for the next two sessions. Today's close was at the centerline of the base-channel @ 26790, it retraces shy above the 0.382 Fibonacci and it also met another upsloping trendline (red) that connects the wave ((1)) -wave ((2)) and wave ((3)) move.
A decline below the lower boundary of...