muhiuddin

muhiuddin

EURJPY broke resistance @ 158.24 giving us opportunity to get into long @158. Stop loss will be @ 157.36 while take profit @ 159.47 will give us good risk reward ratio.

muhiuddin Updated 

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...

muhiuddin

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.

muhiuddin Updated 

FROM 1.08792 most probably impulsive wave started. Buy @ current price or better targeting 1.1250. Sloplos will be 100 pips from 1.0930,.

muhiuddin Updated 

blue wave ii is near to finish and impulsive decline ready to start as far as resistance hold 60.50 resistance which is just above the level of green wave ii. Seller can enter into market or better targeting 55 and 21 area or down to earth. Stop Loss will be 60.50

muhiuddin Updated 

Crude completed its blue wave 3 at 50.59 on 5th June, 19. After that correction wave (blue 4) has started and the ideal target for this wave should be 38% Fibonacci level. Remember elliott wave rule that blue wave c could reach at level of 60 just below the end of blue wave 1. Buyers can enter into trade from current price or better targeting 55.60 and 57.0 area ...

muhiuddin Updated 

Red wave c of blue wave ii is developing. Ideal target for this wave should be near 107-50-107-20 area. Sell@ Market or Better SL: 110.75 TP1: 108.28 TP2: 107.68

muhiuddin Updated 

Trendline now act as resistance. Seller can short position at 1.1160 or better targeting 1.1107. Stop Loss in this case is 1.1191.

muhiuddin Updated 

Wave 2 Finished 7355.6 and Wave 3 started. Trader wait for retrace toward 7417 to enter into long position with stop loss just below 7355 targeting 7505 & 7600.

muhiuddin

Prices are above the ideal target of 21540 as I predicted in last analysis on 6 Dec, 2016 .

muhiuddin

1. USDCHF on daily candle chart just retraced 61% Fibonacci from 13th of July, 2018 to 21st September, 2018. 2. If you see chart on daily time frame you see very strong support in past turn into resistance. 3. Daily hammer yesterday telling us that in this area bulls losing control. 4. RSI9 is above 70. 5. Stoch(5,3,3) Indicator above 80 and pointing...

muhiuddin

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...

muhiuddin

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...

muhiuddin

This pair has finished brown sub five wave structure into main red wave 3 on April, 2015 near 134 and then completing its correction in red wave 4 towards its ideal target 50 in long term. We will expect this correction as simple abc correction, but there is also a possibility of double and threes combination that is usually occurs in wave 4. Once this correction...

muhiuddin

Today I received request from my follower to analyze BAC has it is heavily traded share by volume. In my view Green wave finsihed near 55 area in 2006 and then prices has been correcting in green wave . We are seeing this correction as a form of zigzag ABC where red wave A completed its five wave structure and red wave B also completed its three wave...

muhiuddin

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...

muhiuddin

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...

muhiuddin

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...