selvamB

selvamB Updated 

Monthly Elliott wave analysis of GOLD Futures in COMEX today's fall below $1673 is a bearish sign C3 wave will bring this yellow metal to $1444 this year which is Overall bullishness intact price let's see how interest rate & inflation changes the Price action of gold

selvamB

As 5 waves ABCDE Completed in a triangle pattern Either Z wave has to extend or E2 wave (3 wave ABC) to form. This week's price action will tell you the direction of the market. In both the cases SPX will bounce for recovery wave 'A'

selvamB Updated 

As everyone expected the climax selling is on the way to test 3195. So for SPX is corrected in a expanding triangle(limited in 3 waves within trendlines). Now this leg (E) is final and the trendline is far below(3177). 61.8% support falls @3195 for overall bullishness

selvamB Updated 

c5 minimum target 3595 (62% of c1+c3) If Fed effect pulls more than 3595 ,then we have more lower targets

selvamB

The above chart will clearly explains that the NIKKEI {and other world indices follow through} will correct for its final phase of correction(5 wave bear market) untill 2030. japan is a well developed country with highest debt/gdp ratio

selvamB

A very simple Elliott wave chart shows the price action of SPX index so far. since wave 'c3' extended beyond 1.618 times of wave 1, there must be a final wave (c5). if 'c5' ends @3887 (0.62%of c1),that will be the end of correction. let's see...

selvamB Updated 

option buyers can consider buying OTM call options in SPX or any indices as it broke out C>A first target of wave C, is 4030 if it breaches this level expect 4220 as 1.62of A buying after C wave break-out is the winning secret of option buyers

selvamB Updated 

All 5 waves are completed in an Expanding triangle pattern. Smart sell is over, because of our local support nifty is not fallen like S&P500. 21 day money flow index shows compulsion of buying Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000 let's have a buy until AUG 2nd

selvamB Updated 

Y wave completed at 1695 as 1.62*w any drop below 1695 leads to extension of Y wave ,which in turn GOLD supporters loose more money. my view is wait for confirmation (breach of 1662) before shorting

selvamB Updated 

wave XX to emerge as a pullback RALLY to test falling TL near 4200, buying pressure obvious and the commodities cooled enough

selvamB Updated 

Every action there is equal and opposite reaction, 3 rd law of NEWTON. In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62% enjoy the trend change ,and make use of it .

selvamB Updated 

Brent crude completed its 'A' wave after a WEDGE break-out. It reached 76.8% of wave 'A'@$115.60, and started to fall Economical slow down will not support its way up, the result is formation of wave 'B' downwards until 61.8% of wave' A' ($60) the maximum time as per Neo wave is june24

selvamB Updated 

On going triple zigzag correction in Gold futures unfolds its third leg of down minimum requirement of wave 'z' is 62% of (w+y) which comes @ 1700. Weekly Price action support is not seen at 1770 which is 38.2% of (w+y) logic; money is tight ,interest is high, Gold will not find any new buyers at this level as all the metal stocks are gliding to earth

selvamB Updated 

As per Neo wave logic ,before entering into a positional trade ,we have to look for pattern completion in long term. Nifty completed its expanding triangle pattern A,B,C,D,E and E wave is limited to 1.62 times of wave A+B which is a sign of Bullish Bias. 5 wave down leads to a stronger reaction. Ending this month(june22) NIFTY corrected for 8 months, Now its time...

selvamB Updated 

Weekly closing price is the price available for the world for two days. It is the maximum resting time of a stock or index price, than daily or even monthly. All investors ,traders, institutions, owners are scratching their heads for next action So we have some logics; Every thing is out, inflation, rate Hike, corona lock down, supply chain lock , BUT remember...

selvamB Updated 

diagonal 4 th wave tend to cheat bulls remember we are in all 5 wave down one left (c5)which may be severe

selvamB

As per logic , when a price of an equity fell from listing date means, either , secondary market players not interested in current pricing. or the Major stakeholder is making money by off-loading his portion . here we use our EW to find the bottom . 650 is our 5 th wave ending price . if it supported here you can see a pickup of this stock from next week.as ABC

selvamB Updated 

Don't be in a hurry to invest in stocks. wait for the real 5 wave down expecting 3500 before june22