Hello Traders, CGC is declining still to lower targets within a wave „C“ of (2)! At 14.55 area wave „5“=“1“! This is my primary target area. Note how price is moving lower within a trend channel. The low @ 18.04 was a 2.414 muötiple of wave „1“ of lesser degree. The countertrend since a „three-up“ indicating more weakness in the coming hours ahead. One more...
Hello Traders, NIFTY50 broke above the 11400 range, as I mentioned at my last analyze, and made a new high today @ 11581, the highest since September 24! Todays a/d-ratio closed at 2.3 and TRIN closed @ 0.43. Both indicate an ongoing advance in the coming hours. I have drawn a trend channel (blue) at chart to visualize the trend to the upside. Note how perfect...
Hello Traders, Hang Seng gaped this morning to the upside and made a high @ 26956.8, declined to 26754.2 and advanced to the end of the session. While the last forecast didi not worked out, I like to show you one alternate interpretation of the chart. It could be possible, that the move from 25522 is part of a wave „b“ and this one is developing as a...
Hello Traders, 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...
Hello Traders, 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...
Hello Traders, 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,...
Hello Traders, 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. As before. A break of the 11400 area, with a solid volume and a clear bull-candle, would strengthen the odds to that conclusion!...
Hello Traders, 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). If...
Hello Traders, 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“...
Hello Traders, 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...
Hello Traders, 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...
Hello Traders, 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...
Hello Traders, 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....
Hello Traders, 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...
Hello Traders, 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...
Hello Traders, 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...
Hello Traders, 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)...
Hello Traders, 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...