Hello Traders, Hang Seng set a gap-down this morning and made an intraday low @ 27925.62, closing low at 28097.76! While the strucure of this decline is a „five-down“, of cours it is possible to count a complete wave „v“ of ((y)) that finished either wave „a“ or it is all of the correction within a wave ((ii))! A close of the open gap @28600 is a strong hint that...
Hello Traders, NIFTY50 declined by this morning opening to 11108.45, completed wave ((c)) of „ii“. Note that the decline from the wave (4) high @ 11345.80 is a clear „five-down“! Furthermore, the decline from 11849.50 retraced a nearly 0.618 Fibonacci of the advance from 10585.65, which is a commonm target for a wave „two“ of any degree (in terms of Fibonacci...
Hello Traders, update for WTI (running Globex session included) West Texas Oil, also known as „Light Sweet Crude“ has follower the forecast of May12th. It ran up near the upper rising trendchannel (drawn in blue) but failed to touch and reversed sharply after. While it is not clear a „five-down“ the pattern is open to different interpretation. The first and the...
HelloTraders, Light Crude Oil (Futures, Continuation contract in front) is next to check today. Futures has made a high @ $66.60 at the week of April, 22. After that weakness went into Oil and brought price to $60.04. This is may a first fracture of an „i“-“ii“ which is not completely corrected. Means, a final move up to the lower line of a trendchannel, drawn in...
Hello Traders, as of my first analyze of CANN Group, the stock has declined to the target range of AUD2.- to 2.15! This is at the 0.382 Fibonacci of the advance from AUD1.53-2.57 amd clear a „three2 down. So the possibilite is given, that this was all of the correction. At the other hand, if not, it is maybe the first leg of a „three-down“ correction, which will...
Hello Traders, Netdragon has made a high @ 24.50 on April 18,2019 and is correcting since in a „three-down“ so far. This is to my view wave „a/w“ of a flat correction, that can take the stock into a range at first to 19.45. This is the .382 fibonacci of the advance from 11.30-24.50! More bearish potencial exist. It is a challenge to count this stock, cause of the...
Hello Traders, NIFTY50 open the week with a gap down @11605.90 and made a weekly low at 11251.50, closed the week @ 11257.70. A loss of 357 points (open to close). As per my count, this weeks low is may a wave (5) of ((c)) of „ii“ and finished the decline from 11849.50 or it is wave (a) of an „a-b-c-flat-pattern. N50 traveld all the way down into the price range...
Hello Traders, Weekly: Hang Seng closed the week with a massiv red stab @ 28550, dip at todays intraday low exactly to the level of a wave „iv“ zone (@ 28203.3) and the 0.382 Fibonacci of the late December 2018 advance and reversed since. This move down may complete wave „((Y)) of „((iv))“ or it is the first leg of a possible flat correction. A gap was left by the...
Hello Traders, NIFTY50 finished an (A)-(B)-(C)-flat pattern @11657 and declined in a sell-off, may an extended wave (5) of ((3)). That would man, that a wave ((4)) up, followed by a wave ((5)) of „c“ down is next to occur. I have counted this move with an „extending wave „three of three“, and a well placed target seems around the 11300 area, marked with a blue...
Hello Traders, as of my last analyze Hang Seng popped up, but failed to return above the lower boundary line of the trend channel, gaped down by this morning opening and made a new low @28946.9 on intrady basis and a closing low at 29003! This is just some points above the 1.618Ffibonacci extension measured from wave ((W))-((Y))! By counting a „ZigZag-pattern“...
Hello Traders, today let`s check WTI (Texas Light sweet crude Oil) @ OANDA At 66.466 WTI has probably endet a wave „2“ of Minor degree. Since that high, accompied by positive news, for higher prices still, the commoditiy is in a correction (minimum, or it is in the early stages of a massive decline. I have been switching to the 45 min chart, to show my my...
Hello Traders, NIFTY50 gaped down this orning to 11605.80, failed to close the gap and closed the day @11593.20, showinig an a/d-Ratio of 0.20. meanin nearl< five stocks were sold, for one that was bought! This Ratio often occurs at or near a bottom. So it could be, that todays decline was all or a good portion of the setback today. If it was not all, a good...
Hello Traders, the news are written, the Tweets are done..(:-)) and the facts got set! Always first the pattern develops, than the news followes. that`s exactly what happend over weekend during the meetings of the trade war talks! Hang Seng, as many other indeces around the world plumeted to fresh new lows intraday. The US Futures, the NIKKEI Future, European...
Cann Group Limited ASX Ticker Symbol: CAN OTC Ticker Symbol: CNGGF Frankfurt Ticker Symbol: CVJ Hello Traders, today I`d like to show you one Cannabis Stock, listed at the ASX, tradable at OTC and also at Frankfurt/Germany! I think Cannabis Stocks can be at the forefront to a new multi years lasting uptrend, with many stocks anticipating this, while, at the...
Hello Traders, Hang Seng is moving higher since the low at 29504 on April 26! The structure of the advancing price shows overlapping waves, as it is often the case for „b“-waves of any degree. I have labeld the decline from the wave „i“ high at 30280.10 – 29504.0 as a „flat“-correction, at one higher degree it is possible that a wave „((W)) has endet there, and...
Hello Traders, not really much new to add. NIFTY50 is trading within a tadingrange, that lastet from 11796.75 (April 25) to 11624.60 (April 25 intraday range). Since than the Index is tracing out a more complex structure to my view. One possibilitie is, that a „barrier-triangle“ is underway, that might be finished today at the wave ((E)) high @ 11770.80! A...
Hello Traders, after yesterdays holiday for india stock markets, todays priceaction was just above the brown trendline @11549.10 and below the ATH @ 11849.50. What cought my eye, is the fact, that the move from the possible wave ((5)) low to 11796.75 could be wave ((A)) of a triangle formation, which is possibly developing at a wave „b“ position at one higher...
Hello Traders, Netdragon is showing weakness. After a long bull-ride, that started at January we have 4 red candle`s at the daily chart and the first red candle on a weekly basisi this yeat. A rare case for this stock. Observe at chart, that the move to the new high (@ 24.50) was accompanied by declining volume, whichis typicall for a wave „5“ or „c“ of any...