Hello Traders, Hang Seng is on the way to raise within a wave c/y to 28705. The Mob (make or break) level for this idea is at 25998, the wave ((iv)) low on December 22! Note that the index could have ended a complete impulsive pattern by making anew high above the wave ((iii)) high at 26782. To me the move looks more like wave 3 of 3, with a wave iv and v to come...
Hello Traders, I wish everyone a happy, peaceful new year. Stay healthy! NIFTY50 has made a wave (iv) low at 13129.05 on December 21! It has risen since to a new ATH at 14049.85. This move may have complete an 1-2-3-4-5 impulse, or it is wave i of (v)! The Mob (make or break) level for a wave i is at 13196.75! If it was a wave i, the corrective setback within a...
Hello Traders, Hang Seng has declined into my cited target rang from 26200-25848. Today the index closed trading at 26119.26. The decline does not look complete, so my goals remains unchanged! At 25484 the 0.382 Fibo of the advance from 23124-27040. So, it could be a good Fibonacci-target. Note the open gap at 25712.98-26157.77, in which HS has diving in. It could...
Hello Traders, NIFTY50 has achieved my target range at 13765.50. The daily high was at 13777.50. After, it broke to the downside and touched the middle line of the trend channel, as forecasted (daily). This drop could be a wave (iv) or it is a wave a of (iv) that could be close to end in the coming hours! The slope of the decline let me argue, that it could be a...
Hello Traders, Hang Seng has touched the lower boundary of the channel and bounced to the upside (@ 26668) and pulled back again. The overall development from the high @ 27040 does not look complete and my mentioned target (@25484 is still valid! In this case, the odds would favor a wave ((iv)) and after impulse within a weave 5, that develop as a 1-2-3-4-5 would...
Hello Traders, NIFTY50 is pushing higher to my target range at 13950-14K area. A first Fibonacci based target is at 13766.50, which is the 1.618 Extension of wave (i). After it would be achieved, a pullback to the middle line of the trend channel (at 12903 area) could be next. As you know, a wave for can not touch the high of wave 1. So this would be the MoB (make...
Hello Traders, HS is moving in a sideways consolidation and is embedded in a bearish flag. This move hasn't touched the 0.382 Fibo of the latter advance and is the minimum target I'd like to see for the end of the flag! So it could be that HS is „gambling“ around the 26782 level and moving in the trend channel (green lines) for some days. Any break of the 27040...
Hello Traders, NIFTY50 has extend my target range at 13399 to 13579. This level is close to 13579 and it is the next target range as long as N50 is trading above 13396 (blue trend line)! A break of 13396 would imply more weakness to come and has a target at 13271 at first. More corrective potential exist. Closing below this level could open the door to 13178. As...
Hello Traders, NIO, the Chinese EV maker is in a corrective mode, since the high at $57.20 on November 24! This top could be a wave „3“ top and a wave „4“ is underway. Because of the massive advance since the lows at $1.9 on October 2, it could be that a triangle is to develop with the first parts of the pattern to watch! The stock is actually at $43.04 and is...
Hello Traders, since my last analysis HS broke out to the upside with a 200 point gap ( I argued this) and made new highs. The pullback from 27040.41 area, the „breakout high“ is a retest of the support, former resistance level. If HS confirm this level in the coming hours and days and made a new high above the 27040.41 level, we will get a new buy-signal! As to...
Hello Traders, NIFTY 50 made a new ATH at 13280.05 today. It is extending higher to my mentioned target at 13399.50. Any extension of this advance will bring N50 closer to the cited area. More bullish potential exists. Two levels of lower areas are of interest for traders (hourly chart). The first is 13145.80, which should act as support if a short term pullback...
Hello Traders, yesterday N50 create a „bearish engulfing“ at chart, a reversal pattern. Today N50 spiked down to the area of support around 12769-12790 and reversed after, closed the day in positive territory. As long as N50 is trading below yesterday’s high /(at 13145.85) the chance for lower price is acute (from a technical perspective)! Any push above this...
Hello Traders, after a short and corrective setback, N50 advanced to new high’s during the past sessions. It has established a new buy-signal after advancing above 12963 and gaped to the upside. May a setback to the mentioned area possible, the mid-term forecast is to the upside with new high’s to come. The target area I called out before is valid and is at...
Hello Traders, what’s next for Panasonic? I have drawn the alternates at the chart to make my thoughts clear. The move is either a wave 1 of (3) or it is part of a corrective move, here an „expanding-flat“! While the stock broke about the latter high at 1068 it could be, that a „retest“ of this area will be next in the coming days and weeks ahead (if it not has...
Hello Traders, at the week of September 21, XIAOMI has finished a possible wave 4. It has start a wave ((i)) of 5 that will bring the stock to a new ATH! The alternate view suggest, that the move from the HKD 19.40 (possible wave 4 low) is a wave ((b)) of 4, what would mean a „flat“ is underway! After wave ((b)) is done, one more corrective setback into the area...
Hello Traders, since my last analysis (red arrow) HS-index has broken out to new highs since the low at 23124.25 on September 25. It has moved into a range of resistance (at 26782.62) that pretty cool coincide with the 1.382 Fib-Extension of wave x. And it is the 0.618 Fib.-Extension of waves x and y! So, multiple resistance lies directly ahead. And at least, HS...
Hello Traders, NIFTY 50 has advanced to the forecasted level at 12856 and piked higher to 12963. So the move from the possible wave ((iv)) low at 10790 is either a 1-2-3 or a double 1-2. The consequence would be the same. The trend should continue to the upside and the next target area ranges from 13137.50 - 13399.5 area! After the break of the former ATH for N50...
Hello Traders, NIFTY50 did it again...a new ATH! This ATH makes my count invalid and changed, in consequence, the wave labels too. The March 24 low could be a wave ((4)) of high degree and the move since is an impulse, that pushed N50 to a new high at 12769.75 yesterday. As to observe on the daily chart, N50 is moving in a trend channel that connects the highs of...