selvamB

selvamB Updated 

On TODAY (15/03/21) NIFTY completed its 4th leg(waveD) of the Great NEO wave's EXTRACTING TRIANGLE pattern This is a TERMINAL pattern which has 5 legs(marked in yellow) , The uplegs (A,C,E) are shorter than previous, and Down legs(B,D)are larger than previous legs. This phenominal distribution pattern Iis tricky for traders and those understands well can make...

selvamB

Wave 'C' emerged as a DISTRIBUTION patten(FLAT) unlike SHARP REVERSAL(ZIGZAG). Here you have 5 good opertunities for both long and shorts( as we PA traders like to trade both sides) Blue line is expected path of NIFTY next week (approximatelly). It is normal to have a FLAT pattern after a CLIMAX rally where more YOUNG traders rushing to 'BUY' the shits of MONKEY's

selvamB

UPDATED 4 hrchart of S&P 500. See how price action of 4 th leg is changing the wave pattern in to BULLISH. if correction ends at 3818 on 11th march 12.30 (IST),BUY

selvamB Updated 

S&P500 is reluctant to fall as we think before, Both price acion and Neo wave analysis carried out , 70% of wave pattern completed, Today's price action (break out of c4)changed the previous view of reversal..

selvamB

AS we fix the path of rocket by calculating velocity and time , I tried my level best to project the path of NIFTY with PA analysis .

selvamB

JUST I described the path of E-mini,how the reversal Could Happen as per Price action Analysis

selvamB

To understand our indian market ,First thing we must understand what the great S&P 500 is doing, to my knowledge it is BOW or a SPRING loaded 4 times(c1,c2,c3,c4). The 5 th chance is to KILL the BULLS. at last BEARS will win once in 5 times , lets check selvam b strategiest

selvamB

ALTERNATIVE to my yesterday's post, after noting FII data in NSE

selvamB Updated 

NIFTY completed its correction after 5 th wave(5/1 and 5/2). Now its time for bulls to fuel the index rocket to reach its target of 16895 . the current wave is 5/3 with lots of shorts as fuel enough to keep NIFTY on track. buy buy bye b.selvam option buyer

selvamB

NIFTY came down as predicted last week, tomorrow(23/2/21) it will testify its worthyness for further bullishness. A very very simple ABC pattern of recovery wave labelling is marked in this chart. C wave divided into c1,c2.c3,c4,andc5 all are completed. and WAVE 'C'is more than WAVE'A'. Hence the C wave may extend. Now we want to see whether the on going...

selvamB

After completing 'ABC' Recovery ,gold has started its downward journey to test its support at 1690 level on weekly clossing basis.last week it brokes the minor support line at1788, added more weakness next week too. Untill march 22nd the bearishness will continue in gold. Hence it is better buy gold after march end will be a good idea?

selvamB

Nifty completed its ''B'' wave up in 3 wave ABC as a reaction to the corona fall(wave''A''of 4 th wave). In ABC, C wave extended more than A , hence chances of extending up to 1.618 times of A. Mean while a correction is required for NIFTY to test its capacity (profit booking). A WEEKLY engulfing pattern shows that a follow through correction is...

selvamB

Today 's price action update

selvamB

Continuation of 4th wave decline in NIFTY as per my previous post on 20th JAN. Price action reversal formation ongoing in NIFTY after tremendous recovery rally. Major SR line broken @ 13777.50 on friday indicates more pain is ahead. Retest of The same level is pending till 3.15pm on monday(1/2/21). short if NIFTY after confirming that and keeping strict...

selvamB

This is in continuation with my prior post published on 1stJAN21, NIFTY is in 5th wave extention. wave 3 of 5 is going to complete @14770 on 22nd JAN .(b wave of 4 th wave correction). Since wave 2of 5 was FLAT...

selvamB

Whatever you think, major correction, corona second wave ,will it go? NOTHING will happen.... Elliott wave theory will tell you the secret of FUTURE move in NIFTY . All stocks in the world will fire up this year too,. This is because we are in simply 5 th wave. It is easy to predict wave 5 after waves 1,2,3 and 4. Since wave 3 is not extended more than...

selvamB

I already mentioned the WAVE count in SGX NIFTY is very easy to predict, since it respects all rules of ELLIOT wave principle. wave A and B completed in equal time ,now its time for WAVE''C''. You can use the levels for indian NIFTY too(approx),and trending directionfor appropriate PUT OPTIONS

selvamB

I am posting this chart with labeling ABCDE which constitutes 5 abc corrective up move pattern.This is a DIAGONAL which always have 3-3-3-3-3. and with shallow corrections (less in time ). YES as for as RECOVERY WAVE for our MARCH CORRECTION(3 WAVES)I is now completed. The next wave is WAVE ''C'' Which could correct DOWN WARDS in 5 wave forms....