manish_damani

manish_damani

Bearish Bat on progress. Bearish butterfly almost done WXY pattern appear forming . Of which first W is triple correction itself. Y abc appear completed as wave C 138.2% fib showing done. Expecting Sharp fall. Let see.

manish_damani

It appear that we may be in last leg. Due to pipeline disruption and Russia-Ukraine crisis news it has move little extra. But one correction is due. Let see. Its a projection only. It is not buy sell recommendation but only view as per my observation.

manish_damani

Ng long term chart. The big rally may come. Buy every dip if you are long term trader.

manish_damani

As per me crude in upward correction. First reason overlapping structure and second reason time. As to fall from 63.33 to 51.03 it took 17 days. And completion on down wave took 24 days approx ( because as per neo wave rules we have to check confirmation where wave actually ends usually its 5th wave failure). Now it approx 78 days and high of 63.33 won't yet...

manish_damani

Is gold rally about to over

manish_damani

Diametric pattern missed in previous chart .

manish_damani Updated 

In my view crude oil is making contracting triangle in higher degree.

manish_damani

Trying with best of knowledge.

manish_damani

Presenting wave count based on neo wave concepts with best of my knowledge.

manish_damani

Seems fake breakout as ewo,macd, rsi all in bearish divergence in 4 hr. But also watching inverted head and shoulder pattern target 1303. May be some dip on next week then it can bounce Better let is reverse and come down from long term trend-line.

manish_damani

Yesterday 61.8% from wave 5 to C of second highest degree completed. Just taking one alternative view with small sl considering it wave B and wave ABC for wave A of highest degree completed. Now interesting to see is it wave B or wave 3 .

manish_damani

In this I have taken wave minimum 1.618 extension of 0-1. And wave max 1.618 of wave 4. But red line can show max upside for it.

manish_damani

It is alternative count. Right now bearish but below last low. I leg down possible but if break $ 21 and sustain then this is is one 5 wave structure

manish_damani

I think it is going to be wave 3 of wave 3.be careful in shorts.

manish_damani

Small sl. Nice risk reward as per me. Personal view. No offense.

manish_damani Updated 

I am feeling divergence in Elliot wave oscillator and macd and it seems wave 4 as 50% retracement done where down wedge and 161.8 % of wave 0-1 done. It is good opportunity with stoploss below 117.900 entry even at cmp 120.370 for minimum target of 127.2% of w4 at 125.700 approx. Nice risk reward in my opinion.

manish_damani

Trying to count wave for copper. Let C

manish_damani

Try to move wave count. If any error please let me know so that I can improve more.