The end of correction is evident by today's price action. Engulfing entire 'C' wave.
Today smart money bought slowly and steadily reached above 19452 .
5 wave downward push is completed and it is visible on EOD chart.
buy at 19300 pull back next week for handsome profits
As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today
since the recovery wave ABC extended nearly 76.8% of previous wave
expect a soft bear market cycle for 8 months from now.
trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too
Do not hold your short positions for more days , as...
Trading is a fight between bulls and bears.
In a Bull market, correction is inevitable, but it has a disciplined price limits.
the above chart discuss the psychology of traders in a 5 wave price action
you can apply it on any indices
B wave is fuelled for its final upside, Novice investors missed the bus as
Media's propaganda of recession, interest rate fear made them to not participate in this rally
But smart traders bet on otherside as institutions piled up with huge hedge positions
target of 4630 is achievable before july 17th as the current earnings may fuel further
The under going C wave of ABC zigzag correction may push the price of GOLD to drastic down
Falling crude price, rising stocks, are the main reason
India is started its sowing process which is also a diminishing factor
The Fibonacci targets are shown
After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23
the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle.
its time to start next wave 'C' from today 10th march.
buying is a good opportunity for a month or more having a target of...
Gold is undergoing Elliot wave's 4 th wave consolidation
This will take equal time of 13 years of Mega 3rd wave rally.
GOLD may not shine during Stagflation Economy Cycle.
Smart investment in gold may be after it reaches $1045 again
Current price action definitely on bear's side,
No wonder their short positions would fetch bountiful returns on this monthly expiry day
The running wave , Also third leg of expanded flat may took its 62% support@16600
Hope that all odds are over by this month, and any breach below 16600 is worst for NIFTY
'C' Wave started violently from 24th Jan'23 .it formed as 3 wave pattern
An open statement of short position and news may panic investors to offload nifty constituents
it is easy to find out targets for c3,c4,c5 and tgt time also
No doubt, When Nations struggling with all sorts of crisis, our INDIAN-NIFTY roaring to leap.
The only source of investment .
Chart clearly explains that no more significant downside, as the 4th wave retraced closer to 18200.
coming weeks are just to accumulate valuable stocks, Hence until Feb'23 17800 will be a good support level.
the final wave of 5 has 5...
Neo wave analysis shows me a different picture of S&P500 index movement.
please refer the weekly chart of COMEX GOLD FUTURES, you can see the similar pattern
Thus, limit your shorts until 3800 for 4 weeks upto 24th Feb'23
new wave will begin from 27th Feb
The most expected C wave correction started in SPX and All world indices.
As 2022 may be ended with sell off candle pattern from 4818 to 3756, New year may follow through ,continuing C wave in a classic Elliott wave pattern
we have a bear market signal on 12th Jan23
After 5 waves we are in MEASURED MOVE recovery which will end on 19/01/23
50% is the common limit for any bear market recovery
we won't see this level for an year at least
long term Puts will be a good idea, when 18324 kicked down