As of now I’m considering the Bearish count in Crude Oil as it seems to be the one being followed. It seems that we are moving up to complete the circled Wave 4 around the 45.70 level and then down for the 5th, it is possible that I might have […]
Gold (XAU USD) looking to make the bullish move from here on, I earlier thought that the Wave C will progress as an Ending Diagonal however it has already moved into the target zone white box. Also since the Wave 3 of C is smaller then Wave 1, hence the […]
It looks like the circled Wave 4 is finally complete and that SPX will make new highs, technically most immediate target of 2480 should be achieved as per this analysis, however from a psychological standpoint I expect it to atleast touch the 2500 mark. Let’s see how it […]
Crude Oil possible case scenarios (Elliott Wave Analysis) It looks like that from the white marked box we are seeing a 5 legged down movement, currently I have 2 counts for this situation, Black and Red, both counts are quite probable, my bias is slightly towards the red count that […]
As such the situation in Crude Oil has been quite complex and I believe that this is a wait and watch situation as of now. I have a bullish as well as a bearish count and it remains to be seen that which count will play out. Learn […]
As such Gold has been moving as expected in a 3 legged correction heading down, currently it is in Wave B of the A-B-C correction. For more clarity read my last published report here. I expect that this market will face resistance around the 1281.70 region and is most likely […]
It looks that the recent sharp leg down was the Wave C of Wave (4) and hence we can see a little more upside as Wave (5) takes it’s course. In any case precaution must be taken and strict stops must be put in place as the alternate count in […]
As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher. It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 […]
This bearish count seems very less likely to play out however is still a possibility and hence should be considered as an Alternate Count. Click here to check the last post to see the main count. Learn to trade using Elliott Wave Principles – My Video Course To receive these […]
It seems that Crude is in the last stages of what I see as an Expanding Ending Diagonal . I will wait for confirmation however as this market has already fallen below the 61.8% mark of the previous up swing. 45.47 is key support level. I will update […]
Crude looks to have formed a reversal right at the crucial support level of 46.90, if this support level is held then this is most likely an Ending Diagonal in Wave C. If things go as expected this market will see levels above 51.95 in the upcoming sessions. I will […]
In the Nifty report that I published on July 2017 I stated that I expect Nifty to achieve Target 1 as 9600 and now around 11 months later the same has been achieved, this goes on to prove the power and accuracy of Elliott Wave. Now in this video I […]
After the previous article in which I discussed how Gold might be moving in a 3 legged correction, it achieved the target 1 mark and then started moving hesitantly in a sideways fashion, now it seems that the correction might have taken a complex structure and quite possibly a Triangle. […]
In the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has. Alternate count in Green. However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave […]
In the last video report I pointed that I was expecting Gold to atleast achieve the level of 1244 and the last target was 1232, since Gold achieved both of those targets in this video report I have looked at the possible upside levels. From the current Wave Progressions it […]
