As long as the red trendline is not broken on the upside I don’t think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave […]
Crude seems to have given a clear 5 Wave up move from the 47 low, it seems that it is in a corrective phase now and is most possibly moving as an Irregular Flat Correction. If it is actually progressing as an Irregular Flat then it is very likely that […]
In my last video report I discussed the 2 possibilities or the Wave counts that can take place. The last article suggested that either the Wave 2 in Gold was completed at 1240 and it has started the Wave 3 and is in Wave 2 of Wave 3. The second […]
In this article I have discussed the 2 possibilities that can play out in Gold (XAU USD). Watch detailed video report : The market is either moving as a Flat in the Wave C (Consider the Count in BLUE) OR It has already completed the Wave 2 correction as a […]
In this video I have discussed the various possibilities that can play out in the Gold (XAU USD ) market. In my previous forecast I was expecting that the market will turn around 1260 region which is exactly what happened. It seems that the market is now going down in […]
In my previous post I looked at both the bullish as well as the bearish possibility and pointed out that if the market takes support over the 1244 mark then that would increase the possibility that the bullish count will play out. As of now the market has clearly taken […]
In this report I have discussed the possible scenarios that can play out in the Gold Futures Market (XAU/USD), I have used Elliott Wave for the purpose of this discussion. Basically there are two counts that can play out as of now, my personal bias is towards the Leading Diagonal […]
In the last update on Crude I discussed the possibility that a bottom might be forming, since then the market gave the 5th leg down and now to me it seems like the bottom has formed. I’m already long in this market and the SL is below the recent swing […]
As per the given chart it seems that the correction is complete as the 5 Wave leg down seems to be very precise. Also note the red zone that I have drawn represents the most probable support zone for the fall and the market has taken support just above it. […]
After completing a double Zig Zag type of correction (discussed in my previous post) Gold now seems to be going up in an impulse, however the currently it seems to be in Wave 2 which looks like a Zig Zag indicating that prices can head lower from 12000 to 1175 […]
In this article I’m going to do Elliott Wave Analysis of Crude Oil and post my forecast for the same. As of now Crude Oil is trading above the important resistance level of 54.30 and seems to be in the starting leg of a Wave 3 of a lower degree. […]
In this article I’m forecasting the price movement of Silver using the Elliott Wave Principles. As of now it seems that Silver is either in Wave C or Wave 3 after completing a double Zig Zag correction. At this point both the main count as well as the alternate count […]
In this report I will be discussing the long trading opportunities in Gold (XAU USD) using the Elliott Wave Principles. As of now it seems that Gold (XAU USD) is in the Wave C and more specifically it seems like the Wave 3 of Wave C has started which is […]
Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I’m taking that as the Secondary Count. The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see […]
As per this daily chart a 5-3 move is already complete up till the 39 level, now as per the Elliott Wave the progression should be 5-3-5 in both cases.(Case 1 : Impulse, Case 2 : Correction ), hence using the basic Fib. extension the target are- T1 – 64 […]
