Hello Traders, Hang Seng has made a new high at 29550 on March 12, but it failed to exceed this advance. Instead, it reversed direction of the short term trend and made new lows at 28739.73 today. At this level, it met the low on March 10. While the move from the possible wave ((iv)) low is a“three-up“, the trend seams to be down, with new lows ahead. A decline...
Hello Traders, NIFTY50 hasn't made any net progress in the past days. The patterns since the low @ 14467 is not a clear impulse, it looks more as a corrective one. A break of the blue upper channel boundary opens the door to 15200 and above to 15273. Breaking above that area opens the door to the latter high at 15431.75 on February 16. On the other hand. A...
Hello Traders, NIFTY50 made low on February 26 at 14467, built a „Hammer-candle“ and reversed to the upside. It looks like it was all of the correction at this low and a w-x-y within a wave (2) was done. If so, the pattern since could be a series of one's and two's, where wave 2 developed as a w-x-y (running-flat) pattern. If so to come, a strong move to the...
Hello Traders, Hang Seng has made a new low at 28957.31 yesterday. It nearly touched the uprising trend line, which connects the highs of waves (i) and the low of waves (iv) and bounced today within a 784.56 points advance to 29880 on a closing price. The low at 28957 is either all of wave ((iv)) or it is wave (a) of ((iv))! In the latter case, today's advance is...
Hello Traders, NIFTY50 has not finished a wave 4! This was wrong! The 15431.75 level was possibly a wave (1) and the actual pullback is a wave (2) which is not done to my view. This wave (2) should develop within an a-b-c correction or a w-x-y or a more complex structure. At 15176.50 it creates an „island-reversal-gap“ which is probably wave B. While the most...
Hello Traders, Hang Seng has made a new high @31084.95 on a closing basis (intraday at 31183.36) and pulled back to 30099.71. It closed the open gap left by trading on February 16. This low could be wave iv of v of (v) of (iii)! If so, HS will make a new high on both, intraday and closing basis, in the coming days ahead. The alternate view suggest a more complex...
Hello Traders, NIFTY50 has achieved my target range @ 15328.30 by more than 100 points. This high could be an „orthodox ´high“ as it could be wave B of C of (2)! The alternate view suggest a wave (w) of 2! I have connected the lows of waves A and B to show the level of importance. A break of this line to the downside on a closing basis will open the door to lower...
Hello Traders, as I wrote at my latter analysis, N50 is more or less ranging sideways for several days. It has made a new ATH (at 15257.10) but has not made substantially higher high’s! The pattern since this high could be an a-b-c flat pattern with waves a and b complete (or nearly so) and a wave c down to follow. Anyway! As you can see at chart, price is...
Hello Traders, Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction. As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example! While the structure of this pattern now is not clear to my view,...
Hello Traders, NIFTY50 closed the week @ 14924.25. Another new ATH on a closing basis! While short term a completed impulse move is off the table, the trend remains higher and new highs are just around the corner. This scenario is valid, as long as N50 is not closing below the level of 13634.60. This was past week closing price. If so to come, one target should...
Hello Traders, NIFTY50 has made a high at 14753.55 on January 21! This could be a wave (v) of 5 of (5)! If so, NIFTY50 is ready to decline significantly! For today’s trading it found support at the 13817.55 area (green line)and built a „doji“! One possibility for tomorrow should be a gap-up, which would create „evening-star“ a bullish reversal candlestick...
Hello Traders, XIAOMI, the Chinese Smartphone producer has probably finished a wave 5 of (!) or (A)! If so, the correction that started at 35.90 HK $ should send the share to the wave 4 level at HK $19.40 area. More bearish potential exist. While multiple options do exist, I like to see more evidence and „clearness2 for the next move ahead. I will update the count...
Hello Traders, Big Picture:Monthly Panasonic (Ticker:6752) is probably moving in a huge Triangle. At the current move, the stock is on the way to finish wave D of the triangle. This move has a target range around the 1700-1750 JPY, depending on when and if it will achieve. If so to come, after hitting this price target, the stock will decline in a wave E, which...
Hello Traders, Hang Seng has „explode“ to 29927.77 this morning. It has achieved my initial target zone well above, and it could be, that per my count, the move should come to an end or has ended today! Ahead for HS is the resistance level at 30280.12, the high from April15, 2019! The most probable scenario should be that HS is bouncing around this level for some...
Hello Traders, NIFTY 50 declined to 14222.80 yesterdays. This occurs as N50 broke the downside support @ 14435.70 (as mentioned) and it stopped at the low from January 8. It has left the gap open that occurred that day. The decline from the ATH @ 14653.35 is probably the first leg of a "five-down“! Or, as per your preference, to count as a w-x-y-x-z correction....
Hello Traders, NIFTY50 pushed to 14653.35 and closed the open gap, left by trading on January 13! This possibly indicates an "exhausting-gap" and the trend should change short term, as long as the high at 14653.35 is valid. A decline below 14435.70 indicates more weakness ahead for N50 in the coming days ahead. As before. Any advance above the high at 146543.35...
Hello Traders, NIFTY50 has achieved my target and extend the gains higher to 14498.20 today. It also opened today with a „gap-up“, a bullish gap that indicates two things ahead. It is either a „exhausting-gap“ which should be closed in the coming 1-2 sessions and indicate the trend will change to the downside. Or it is a „breakaway-gap“ with more gains ahead. A...
Hello Traders, not much new to add since my latter analysis! NIFTY50 was running higher, making 14215 (14199 on a closing basis today)! This move is part of wave ((v)) or it is part of a correction. Maybe aa wave (b) of a running or expanding flat. Multiple options exist as we need to see more and cleaner pattern to judge. The „MoB“ is at 13129 still. At the...