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 my last report when SPX was trading around 2370 I pointed out the possibility that only small upside till 2390 remains, after that SPX made a high near the 2400 region and then has been in a Zig Zag type of correction. At this point it seems that SPX […]
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 doing Elliott Wave Analysis of Nifty and discussing Swing Trading Strategies for the same. Detailed Video Analysis of Nifty using Elliott Wave : As of now it seems that the 1st leg of impulse has completed near the recent high around 8980, but there is a […]
In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected. As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 […]
Previously I published a report on 17/7/2016 in which I specified that SPX should achieve a level of atleast 2370 which was achieved on 24th Feb 2017 and hence I will be looking at the current wave progression and the future targets for the SPX using Elliott Wave. From the […]
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. […]
