If it takes support at 1106 today go for buy for the target of 1116 then 1122, Takes support means if 3 or 5 Min candle close above 1106 after touching the price of 1106. Book half at 1116 and rest trail.
Crude Oil just finished its red wave 3 of blue wave C @ 26 and since it has been correcting in red wave 4 of blue wave 3. The ideal target for the red wave 4 is near 60-61 area where we will expect bears enter into market and this area will hold massive resistance. Once red wave 4 will finish, we will see sharp decline in last wave red 5 towards 10-11 area in...
Wave 2 (Blue) which started on March, 2019 supposedly finished on 1st Oct, 2019 at 1.4415 and long wave 3 has started. Buyers can enter long from current price or better targeting 1.51 - 1.52 area. Stoploss will be just below the recent low.
In my view the prices are going upward in light blue wave c of blue wave x and the ideal target for this wave is near 37-38 area where we will find massive resistance and bear enters into the market. How ever there is possibility that this blue wave x can extend up to 45 - 46 area but it is matter of time. Once blue wave x finish and will place top we see sharp...
Today i counted Elliott waves on DJIA chart and for simplicity and better view i convert chart into log scale.
In my opinion, this index has been going in uptrend since after great depression in 1930 ends.
Economic historian attributed the start of the Great Depression to the sudden devastating collapse of US markets, and afterwards there been a great debate...
Refer to my previous Monthly analysis on January, 2016, We slightly changed in our short term view. red wave 5 of green wave iii of blue wave 1 has not been finished yet and we expect one more upside rally to finish red wave 5.
Once this red wave 5 finished we will see correction in green wave iv towards 40-41 area where we expect that this share placed long...
Today we pick up coke share and gone deeply into price history. If we look at chart we have to know that is SUPER CYCLE complete in its five red waves? The span of the cycle consisted about 100 years but usually the age of super cycle consist of 50-70 years but it is not hard and fast rule. If its correct then we are now in super correction since 1998. Red wave...
Since high 59.97 from Jan, 1999, we saw a major correction was unfolded in blue ABC format which ultimately ended at 14.87 on Mar, 2009 by placing long term and we confirmed that red wave completed here and red wave started towards 150 area or even higher in impulsive rally. Now we are in green wave 4 of blue wave 1 of red wave and the ideal target for...
Someone request me to analyse Yen in short and long term. Here is my long term view.
If we look at chart we can clearly see green five wave rally that finished on Jan, 2012 placing bottom. This five wave rally was sub wave of larger correction in red wave . Now we are in green wave B of red wave and the ideal target for green wave B is near 90.92 area before...
As per Elliott wave rules and above count we are in blue wave iii of green wave Y. Green wave X start @ 1583 and formed zigzag in in three sub-wave red ABC which finish at 3602 placing Long Term Top there. The ideal target green wave Y is near 700-750 area or even lower where we will expect strong support and long term buyers enter the market to push up beyond...
