Hello Traders, not much new to add, to the weaken Hang Seng Index. The Index topped at Jan 29, "hand-in-hand with many others, like DJIA and N50! Since than the decline is underway a correct a .585 Fibonacci. a common open target for this decline is the .618 Fibo at 24087. On the weekly chart it is still to observe, that the count favore a wave 1 high at 33484. If...
Hello Traders, NIFTY50 closed the week at 10030 after making a low at 10004. N50 is approaching the target area at 10K-9878! I have visualized the highs that Major Indexes in India have shown in the past weeks. As you will observe, N50 topped on Aug 28. One day later, SENSEX made his top. While N200 topped out on Sept. 3, NIFTY IT complete the quartet on Sept. 25!...
Hello Traders, NIFTY50 is declining still to 10079.30 which is still the lowest closing price since April 4th! At two of the last three trading days N50 is bouncing within a price range of 6-9 points, what means there is still no volatility in terms of open to close price. While Vola is moving sideways and the Index failed to decline significant lower, we have...
Hallo Trader, der DAX hat in den letzten beiden Wochen das Tief bei ~1149 getestet. Bisher hat dieses gehalten und die Chancen sind somit gewahrt, dass eine Erholung eingeleitet werden kann. Sollte aber eben jenes Tief, welches ein wenig höher bei 11514 lag aus dem Markt genommen werden, so geht es zunächst zu den genannten 11489 und bei Unterschreiten dieser...
Hello Traders, Hang Seng has dropped on a weekly basis to fresh new lows, but reversed at Friday`s session sharply after disappointing data of economic. This behavior indicates, on an Elliott wave perspective, that as bad as the news are, a important bottom could be in place. Both lows that last occur (on a weekly basis) are able to build a” double-bottom at...
Hello Traders, once again a negative performance for N50 this week. After opening an Oct. 15 @10524 and a strong following day on Oct 16 with a well a/d-Ratio @ 1.63, N50 opened the next day with a gap-up and reversed sharply for the rest of the session into negative territory, closing the day with a strong "bearish-Engulfing" pattern which indicate, from a...
Good Morning, I have an issue due to publish analyze as always. I`m located in Germany, but I always publish analyze for NIFTY50 on the page "English(IN)". My favorite browser is chrome. After empty my computers cache, I`m not able to publish chart etc anymore. This problem occured not once or twice. It always occur after emtpy the cache! Do you have an idea what...
Hello Traders, NIFTY50 set a new high just after the opening bell @ 10710.50 and reversed sharply to a close @ 10458.45! the a/d-Ratio was @ 0.19 what implies that selling pressure was much stronger than buying interest. A second observation tells us, that near the 0.38 Fibonacci off the decline (11523.25 – 10138.90) the reversal occurs. This Fibonacci is a common...
Hello Traders, N50 drops down during this week trading to 10138.60 ( a multi month lowà April 2018!!) and reversed sharply in Thursday`s and Friday’s session. It closed the week at 10472.50, (+1.51%, according to teletrader.com). On a daily basis an interesting candlestick pattern is to observe. Within the last three days N50 shows 2 bullish candles which shows a...
Hello Traders, just a quick update for N50! As of the last analyse, N50 plunged to the mentioned targetzone at 10198, even some tics above the cited 10187. From here a ”three-wave” move occured. For this pattern, to my view, we have now two options. The first is, that the move is wave “a” of (iv) or it is wave (iv)! The last option is the one with the lowest...
Hello Traders, the same as for the N50 analyse is true for Hang Seng. Not much new to add. Hang Seng is working with the last low at 206067.5. The up move that started at this level is clear a three wave move. While there is low opportunity that the running move is a “expanding-flat” within a wave 2 of lower degree, the low must be in place and a sharp and strong...
Hello Traders, Hang Seng lost this week 4.38% (according to “teletrader.com) and closed below my bullish area @ 26648 and retraced more than the 0.88 Fibonacci. So for now, the former low at 262196. Is important for the bullish view, but the odds do decrease. A break below this level will open the door to 26075-25200 area, the wave “4” one of one lesser degree. A...
Hello Traders, NIFTY50 plunged this week -5.62%(according to teletrader.com) and set one of it`s worstest week for long. This is the result of overwhelming optimism and mentality and set the stage for a large correction. Or in other words, as one reader wrote last week:“..look at the larger picture. ALL INVESTMENT DOLLARS are flowing into emerging markets...
Hello Traders, NIFTY50 dropped this morning with a massiv gap down to an open price to 10735.82 and closed the day @10552.70, which is well below my target zone at 10700-10690. For now I think the selloff is done or close to do so, with one more (up)down-sequence to 10530-10505! After that a countertrend is possible to occur. A/d-Ratio was weak at 0.28 as it was...
Hello Traders, today I`dlike to show you, (I think that it is possible), that a longterm bullphase or bullmarked has come to an end or is close to do so! Therefore I have choosen 3 of the most popular India Indices, which are the NIFTY50, NIFTY200 and NIFTYIT! As you will observe, NIFTY50 and NIFTY IT (the left and the middle graph) has made there lows back to...
Hello Traders, Hang Seng performt negative this week, with a loss of 0.59%! The overall structure at the hourly chart looks corrective, either part of the correction within a wave ((C)) of 2 that need one more down sequence to complete or a extending wave 3 with 1-2; 1-2`s! A break below the 27638.5 (marked with the blue arrow) will open the door to 27425-27328...
Hello Traders, at January 29 NIFTY 50 set a ATH@11171.55 and started a correction of nearly 1200 points. On August 28, again another new ATH was set at 11760 and the next correction of larger degree started and since has declined nearly 900 points. This is ~ 75% of the first move down and make (to my view) the odds high, that both corrections are part of the same...
Hello Traders, not much new to add, since the last analyse. N50 is trading within a range from 10866.45-11139.55. The move looks overall really shy and sideways, giving no clear otions to one or the other direction. Trading below 10876 open the door to the declining trendline (grey), ranging between 10630-10600 zone and the low ot the wave „y“ of (ii)) at...