Hello Traders, as I wrote yesterday the Nifty made it`s top today at 9947.8 after pushing at opnening bell a bit higher than last close price. The overall look at 15 min chart today look more than a sideways move, but be overall pattern looks like a gap down for tomorrow. The first move down today endet at 9884.50 after than a pull back to 9939.20 and close the...
Hello Traders, EURUSD made it`s high at 1.19103 and since then it is still declining to new lows. Today the low was set at 1.16808 and this marks either the end of Wave 1 of 3 or it is a wave b low as shown by the alternate labbels at chart. In both cases the next move is still to the upside. A common target for pullback will be the area at 1.17600 to 1.17849! ...
Hello Traders, by making a new low at $16.60 at Aug `15 Silver move sideways for some hours and advance that to a new intraday high at $16.975. Here it touches a falling trendline which connect the high at $17.24 and $17.555 and last the Intraday high at $ 16.975! RSI is still in bearish zone (below 60) and still declining and the intraday high touches the .618...
Hello Traders, after fixing problems with my Computer I´m ready for an update to NIFTY50! Today, because of the uncertain patterns I switch in the lower timeframe, here the 15 min chart! By setting it´s low at 9447 the NIFTY50 advance to a new intraday at 9903, closed the day a bit shy at 9900.65 after opening the Market with an Gap up at 9817.15! At 9911 it will...
Hello Traders, EURUSD´s decline is still in progress and it seems it is not done. While making a high at 1.19103 at Aug 2nd, the Pair is still moving in a ZigZag Pattern. The other option is that EURUSD is at a multiweek lasting decline of impulsiv structure to around the 1.11xx area. The decline from 1.19103 to 1.16878 is the Wave "a/1" down and the countertrend...
Hello Traders, as of my last analysis yesterday the possibility for the Triangle was eliminated in overnight trading, the targets instead were achieved! Silver dropped sharply to $16.785, just tics away from my cited range € $17.805! At this level it may look like it is on the way for a reversal. We have now two options : 1. Silver`s decline is done, but would be...
Hello Traders, not much new to add, but as long as Silver is trading below $17.24 I favor that a Top is in place and Silver is correcting down in Wave 2 ! Conceivable is a Wave "b" as a Triangle of Wave 2 as shown on the Chart by dashed lines. To fullfil this idea Silver has to trade lower in overnight as shown by the dashed line near $17.- - 16.95 zone and end...
Hello Traders, as discussed at Friday analysis of NIFTY50 today Traders went back to the floor and create a Countertrend Move to 9790.85, todays low was set at 9880.85 by opening the Market with a Gap up to 9755.85! RSI (14) push back into neutral zone but still in bearish territory (>50-60)! So the odds are still to interpret that NIFTY50 has endet it`s...
Hello Taders, at my last Analyse I wrote that a sharp decline is still ahead. Indeed Silver declined to my favored targetzone ($16.875), the low was at $16.88. From there the Metal bounced back to the rising Trendline (colored orange) and shows signs of weeknes in my view. So far silver has not managed to overcome the trend line It is still possible that Silver is...
Hello Traders, The NIFTY50 booked it`s largests decline since October 2016. From it`s High @10137.85 it dropped to 9710.85 yesterday and booked a loss of 427 Points. This level is the .382 RT from 9075 to 10137.85! Also Traders create a "bearish Engulfing" Candle at weekly Chart which implies more decline still ahead. Normally a Candle like this means we`re in...
Hello Traders, as I wrote yesterday I´m still observing the Pattern and the length of the Wave which is declining. Today`s Session opened with a GAP down and closed the Day lower at 9685.55! At 9696 the Move down has the 2.618 Distance of Wave a! This is the maximum which is acceptable for a Wave c in a Flat pattern and a ZigZag too. For today I have placed the...
Hello Traders, my last Analyses on a Daily basis from Aug 06 and Aug 08 on a hourly basis went wrong. The "one lower low" that I expected did not occur! Silver kicked off to a maybe multiweek lasting advance in a Wave 3 and stopped declining at the zone of the 1.386 FibExt of Wave a (circle)! A common target for a ZigZag Pattern. At todays high at $17.07 Silver...
Hello Traders, as I wrote some hours ago traders create a "bearish Engulfing" on a Daily basis at NIFTY200! This reversal Candle got played out and decent sales pressure comes into play. By not counting the Index it still looks for more trouble ahead just even a countertrend push is to expect! The RSI dropped well below the 50 point zone but still hase the chance...
Hello Traders, by counting the NIFTY50 (Today`s session is still running) the targets were achieved as you can see on the chart! NIFTY50 meet the downside target at 9777 and overfullfiled the expectation at 9845.77 for a Wave c of 2! This low at 9777 had the 2.0 length of Wave a and I `m still observing to switch the count from correcting view to Impulsiv down...
Hello Traders, for many days the Wavestructure of the NIK225 was not clear. At the Weeklychart now is a chance to see what will happen maybe next. At the right on the chart you can see that the NIK225 is on the way to build a "bearish Engulfing" Candle. By ending the tradingweek tommorow the opportunity is great it will occur. I have labbeld the ending advance at...
Hello Traders, yesterday the FX pair fell clearly from 1.19103 to 1.17140. At the early trading today a lower low occurs at 1.16878 which compete a five Wave move. Here a Wave 1/a is done. At this low of 1.16878 the EURUSD meet the rising trendline which connects the lows at 1.05237 (2017-01-03) and 1.09109. This line was often penetrated in the past and is not...
Hello Traders, as of yesterday I wrote that the NIFTY200 shows a "bearish Engulfing" pattern on a daily basis and the ISHARE MSCI India Small Cap Index Fund was working on a Barrier triangle which is heavily to break! So today it occurs that both Index and also the NIFTY50 where deeply sold by traders and new lows occurs to the Indexes. Normaly a bearish engulfing...
Hello Traders, as you can see on the 2hour Chart the EURUSD topped at 1.19103 and then declined to 1.18049 in early Tradingsession (US time) tonight. This pattern is clear a five Wave move down and implies a Wave 1/a. It can morph to a ZigZag or even an impulsiv Pattern. From here a countertrend may runs in a Wave 2 with targets around 1.18108 to 1.18340 which is...