selvamB

selvamB Updated 

Elliott wave forecast clearly indicates 3 wave ABC is ended. a new ABC wave emerging to reach the previous highs Traders can use this bullish recovery for short term oppertunity

selvamB

Logic behind this idea; 1. Structural break of last support 2. Five legged down of wave 'A' in wave signifies further five wave down for wave 'C' 3. Weekly candle losses its 50% support 4. Weekly price not able to break previous peak and subsequently closed below MSS 5. All these criteria will get valid if the price fell below $3180 next week

selvamB Updated 

Asper Elliott wave forecasting the current 4th wave ended this week. A new wave will begin as 'c5' during 1'st week of April and it may be the climax rally. Validity of this wave count holds good as long as last weeks low respected. Traders can initiate long with 5500 as strict stop. The target will be reached swiftly

selvamB

Based on ELLIOTT wave forecasting the current bulltrap or climax rally will extend to $3307. The fifth of fifth wave may terminate anytime during first week of APRIL Traders avoid going long in gold futures as next week it may face huge selloff

selvamB

Logic; Reacent correction with pessimism created more energy for the bulls We are in 'C' wave of final blow up, 6100 is reachable before nov'24 Happy BULLS

selvamB Updated 

After a long journey, SPX index now shows some indication for profit booking. the simplest 3 wave ZIGZAG correction is underway until this month end. Support or buying may be seen @ 5220. shorting in wave 'C' is always risk less

selvamB

As per neowave analysis wave D is to unfold its mega wave ''C'' wave A and B are Flat to reach the 1.618 of previous wave today this will happen ,from next week onwards you can see the ABYSS All important levels are given in the chart, trade accordingly. This is as per wave theory, real time application into trade is on your risk

selvamB Updated 

Elliott wave analysis on s&p500 The extending wave 'C' finishes its 3rd rise, now its time for wave 4 fall which is obviously a zigzag in nature, since this is motive wave ,you can hold PUTs until 5000

selvamB Updated 

Will this 2nd wave of extension surpass 5177? watch this level for termination

selvamB Updated 

Neo WAVE+CPR+VOLUME Analysis of NIFTY 50 index high volume selloff on 15th march ignites the fire on NIFTY . As wave 'C' unfolds ,shorting nifty is good for traders Monthly CPR Pierced today, so no more 21900 support . 21250,previous monthly CPR will be the support of this month

selvamB Updated 

On going ABCDE triangle wave not yet terminated, continue bullish stand

selvamB

US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.

selvamB Updated 

The end of correction is evident by today's price action. Engulfing entire 'C' wave. Today smart money bought slowly and steadily reached above 19452 . 5 wave downward push is completed and it is visible on EOD chart. buy at 19300 pull back next week for handsome profits

selvamB Updated 

Classic form of ''C'' wave exhibited by S&P500 index Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1 This is interesting because if the 3rd wave is within 1.618 times of wave 1 , there is a chance of end of correction. but to confirm this bullish strategy wave ''A'' of 4th wave to reach above either 50% of wave 3 or wave 1 territory. this...

selvamB Updated 

As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today since the recovery wave ABC extended nearly 76.8% of previous wave expect a soft bear market cycle for 8 months from now. trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too Do not hold your short positions for more days , as...

selvamB Updated 

Final leg of selling is pending in all world indices. NIFTY may fall free up to 18870 if it breaks 19250. lets wait and watch

selvamB

ABC ZIGZAG correction is due on this week, A=C-19690 future bullishness may be possible if this level breached by next week

selvamB

Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices