Hello Traders, the NIFTY50 made a new high at 10137.85 on Aug 2nd. From that level on a short term decline is in progress and meet 9947 which was the Wave 4 Zone of one lesser degree. This move is clearly a corrective pattern. As long as the NIFTY is trading below the level of 10057 I favor the idea that Wave c is not complete. At 9938 Wave c equals Wave a and at...
Hello Traders, Silver priced lower in Monday morning Trading and made a lower low at $16.095 as I had favor because of the bearish Engulfing which occurs on the daily chart last week. This level was just tics below the 1.38 FibExtension of the length ot Wave a! From there Silver reversaled strong and create a Candle which looked like a Hammer! Since hours silver...
Hello Traders, at Tuesday`s tradingsssion Silver create a "bearish Engulfing" on Daily basis which brought a decline on Wednesday and a short Countertrend move on Thursday. At Friday the next bearish Engulfing occurs on a daily basis. We have to expect one more shortterm move to the downside, maybe a Wave c of 2, on the other hand the second leg down is equal in...
Hello Traders, on the Chart on the upper graph you can see USDollarIndex. Below there is the EURUSD! At todays Intraday trading both Indexes reverses sharply from there Lows/Highs. This is maybe a first sign that the EUR advance is ending or nearly to do so. A first clear five Wave move to the downside will confirm this view. If this is the case a multi week...
Hello Traders, I have updated my count and placed the labbels under the Chart as you can see. One poosibility is that the sharp decline to the downside is Wave c of iv and it is nearly done or close to be. The length of the suposed Wave c is equal to Wave a ( a bit more) right now. In my analyses of Aug 2nd on a Daily basis I looked to a target area around 16.27...
Hello Traders, the NIFTY 50 has topped at 10137.85 on Aug 2nd! It completed a multiweek advance within a wave 1 as you can see on the chart! At 10145 the Wave 1 high advanced to the .786 Fibo RT as the Index did from 9075 to 10137.85, his Wave 3 to Wave 4 decline. At the high of 9746 the Nifty has extend it`s Wave 3 advance to a 1.618 Fibo Extension from Wave i...
Hello Traders, Silver peaked in overnight Trading on Aug 02 to $16.96! This High marks the top in Wave B or Wave iii. If this high was the Wave iii it expands the length of Wave i 1.618 times, which is a commonly target in EW Rules and guidelines for a Wave iii! From this Level a decline followed to $16.42 (I have left my forecast, marked with the orange TL within...
Hello Traders, sometimes Markets move clear, sometimes they do not! In overnight Trading on July, 10 th a Sell off in Silver occurs, which brought Price to the Level of $ 15.145! This Levels marks the End of a Multiweek decline in the Precious Metal which started at April 17th at $17.74! The following advance ended may last Night in Overnightsession with another...
Hello Traders, the EUR/USD 0.20% peakt in yesterdays session to a high at 1.18457, just tics shy of my favor target at 1.18454 which possibly marks the end of Wave III (blue)! The small decline has not much details to judge if this is the start of a new decline, which would include the view that the top is not a Wave iii rather than a Wave c high! I will wait...
Written yesterday.... Hello Traders, Silver Fut are on the Way to higher Highs with differernt Options to know. Silver started it`s clear five wave move up at $15.185 and mark a high at $16.575. From that Level a correction started, shown a "Running Flat" Pattern (in my view) and retraced just a bit more as the 0.23 RT 0.98% 4.21% . A very shallow setback but...
Hello Traders, EUR/USD is still working his way into the resistance zone. The first possible target got topt @ 1.17890 and the pair set a high at 1.18321 for the day. The next possible stopping range is 1.18414, just tics away from the dayhigh and one o my favor targets! The Dollar Index (not shown) just mark also a new low for the day, so I think we`re not at...
Hello Traders, after the closing bell for NIFTY50 is time for an update! I have optimized the chart (in my view..;-) and I do think that the ATH @ 10114.85 is Wave 3 (micro) of v of 3 (circle). The RSI (14; close) jumped to a record high at 85.3 Points, which favour a Wave 3 high. Now a Wave b of c within a ZigZag is on the move as I think. The targets are on the...
Hello Traders, my view to this pair! The advance that started @ 2017-01-02 at 1.03394 has multiple resistance ahead! First, this pattern looks to me like an impulsive one, which bring a change at the USDollar Index too on long term view! It penetrates three times the rising trendchannel as shown on the chart with the black doted lines and give us a breakout with...
Hello Traders, Silver 0.18% Fut are on the Way to higher Highs with differernt Options to know. Silver 0.18% started it`s clear five wave move up at $15.185 and mark a high at $16.575. From that Level a correction started, shown a "Running Flat" Pattern (in my view) and retraced just a bit more as the 0.23 RT 4.21% . A very shallow setback but acceptable in...
From Jul 27.... Hello Traders, next Index is looking toppy 2.17% with the NIFTY50! Today the NIFTY50 set a new high at 10114 this morning. At 10066.46 wave 1 (circle) had equal Wave 1 Minor. Also the Gap that occurs at the opening session was closed by the end of trading and look like an "Exhausting Gap"! And one more detail comes into play, as the price move...
Hello Traders, next Index is looking toppy with the NIFTY50! Today the NIFTY50 set a new high at 10114 this morning. At 10066.46 wave 1 (circle) had equal Wave 1 Minor. Also the Gap that occurs at the opening session was closed by the end of trading and look like an "Exhausting Gap"! And one more detail comes into play, as the price move back in its trendchannel...
Hello Traders, the Topix set a new high @2068.88 today while the NIK fail to do so. This divergence is lasting a few days and still in place. My favorite count for now is an EDT for the TOPIX which is still in place or with one more push to the upside is allowed. The Limit for this move is max 2081, otherwise wave 5 is longer than wave 3 which is not allowed in an...
Silver marks a low @ $15.185 on July-10 in early morning trading. Since than it traced out an impulsive, 5-wave, structure, which topped yesterday @ $16.675. A corrective decline, possible running flat, comes to $16.28, from where silver moved impulsiv to $16.735 in early Morning trading today. As long as Silver trades above it`s 0.236 Level, now at $16.625 wave v...