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...
Hello Traders, Hang Seng advanced in this weeks trading to 28031.2 before reversing may in a first leg down. Todays high was shy above the 27966 from Fridays high. Note how perfectly price traded into the trendchannel to the upper line. If todays high was a first move up, so a test of the lower boundary line is to expect at ~ 27425 range, depending when and if it...
Hello Traders, today I like to show you an alternate count for NIFTY50! Todays decline was very sharp and brought N50 down to 10866.45, which is below the possible zone I mentioned at my last analyse: As of my last count I favored a wave 4 correction, but the Fibonacci of more than 0.618 of wave (iii) makes it less common for a wave (iv) target. If the decline...
Hello Traders, Hang Seng is going on with it`s advance, after pausing from 27340 on September 14! The aftermath following the „3-down“ to 26449, the Fibonacci 0.62 of the advance, is a rise to 27966, a resistance zone formed by the countertrend high of September 4 and todays high! The slope of the advance makes the odds high for a new multidays to -weeks bull...
Hello Traders, the „alternate“ count as of my last analys step in front and N50 has made a wave „b“ high at 11523.25 on Sept. 14! Since than he declined in a wave „c“ and meet today support @ 11208 zone. A zone were a wave „4“ of one lesser degree is placed and it is too the 0.618 Fibonacci of wave „a“-“c“! So the odds are high that a countertrend is next to occur...
Hello Traders, N50 made a low at Sept. 12 @11301.85, making a „Hammer-candle“ on a daily basis and gaped up the next day to 11515.20, intraday high at 11523.25. This move was accompied by a huge a/d-Ratio of 11(!!)! Nearly all shares were advancing this day. This is the highest level since I notice the Ratio and is either a bear trap or the start to new ATH`s...
Hello Traders, Hang Seng may bottomd yesterday @26219.6. Todays gap up was possibly an „Breakaway-gap“! While no data for Volume is avaliable to me, you can check the Volume by your own. If there is a high volume to observe, the odds do increase for that gap! Those kind of gaps get sometimes closed, sometimes not. A solid supportzone is around the...
Hello Traders N50 declined this morning to 11250.20, which is close to equal wave (C) and (a)!It also meet the wave ((4)) level of one lesser degree. And second, if the decline is wave (iv) of 5 (Minor degree) the „deadline“ for this correction is the wave ((i)) high @10784.65 at latest! After two days with a lagging and very shallow a/d-Ratio of 0.19 and 0.14 it...
Hello Traders, as of my last analyse Hang Seng dropped below the 28671 and negate the impulsiv idea, just because a wave 2 can not exceed the start of a wave 1 as you know! So, may the low at 26669.6 is wave ((c)) of 4 but the structure does not look like that. Note that the pattern within the blue trendline shows overlapping wave and because of that I see...
Hello Traders, lets look at the NASDAQ100 index. N100 made a new ATH @7691.10 on Aug.30! The decline since than is the third strongest (July25-30; and June 20-28) and has the potencial to finished the N100 bullmarket! Not because of the length, just because of the weakness, N100 is showing. While just a handful stocks participate to the advance, like AMZN; AAPL;...
Hello Traders, the idea of a „countertrend“ played out, but a lower low was just to book and after that we advance up to 11603, which is just some points below the 0.618 RT of the first leg down! The pattern of the countertrend shows just overlapping waves, which make the odds high for a wave (b). The 0.618 RT is a common target within a „ZigZag“ pattern and so...
Hello Traders, as of my last analyse, Hang Seng declined into the wave 4 area of one lesser degree @ 27532. Todays (Sept. 04) low @ 27563.8 may make this area a wave ((ii)) decline and a powerful, impulsiv move is next within a wave ((iii)) advance. Todays session endet at 27985, within the span of a wave 4 of lesser degree and retraced the 0.382 FibRT, which is a...
Hello Traders, N50 declined this morning below the .382 FibRT of the advance (11234.95-11760.20) with an a/d-Ratio of 0.22! This low reading often indicate a countertrend push or the start of a new advance. For now I expect a countertrend, while the pattern of the decline is a „three“ down to my view. Also we have seen an „extending five of a five“ a possible...
Hello Traders, Hang Seng is still correcting the advance from 26871-28579.6 and has retraced so far 0.5 FibRT of the distance. This is a common target for a wave 2 and also a „ZigZag“ pattern. My favorite is the impulsiv pattern and while the 0.618 RT is the most which got retraced I like to see one more move down to even the 27523.8 area where this retracement...
Hello Traders, not really much new to add! As you observe at the 90 min chart, a corrective flag is on the way which still has not retrace the 0.382 FibRT (=11559.55) of the advance (11234.95-11760.20) and it is not done for now to my view! Correcting into that target area will met the range of a possible wave 4 of lesser dgree and may end this downmove. Trading...
Hang Seng...4h chart Hello Traders, as to observe at the 4h chart (TVC Indikation) Hang Seng Index has risen to 33484.10 on Jan29! This day the NIFTY50, the DOW Jones and other Indexes topped too and fell into a corrective phase since. As it look for now, the correction within the Hang Seng has come to en end, as long as the level of 26871, Aug 16 will mark the...
Hello Traders, NIFTY50 rose to 11760 on Aug 28 and set a new ATH as many times before. The move to new Highs was accompied by lagging Ratios, as nottibly at chart. Furthermore the advance can be counted as a complete „five“ and it is possible, that the advance has come to an end or is close to do so! The SENSEX rose to 38989.65 this morning, only ~80 below my...