selvamB

selvamB

A classic Neo wave diametric formation found in NIFTY INDEX Monday price targets given

selvamB Updated 

Now its clear that wave 'C' has started to bring the index DOWN to 3593 or much lower up to 2562

selvamB Updated 

Neo wave Extracting triangle pattern(Limited corrective activity)is just completed in NIFTY INDEX. It is over assumed and corrective action completed as c5 corrected only 0.618 times of c1 16855(c5 low) is the stop for longs and cross above 18000 is the indication for next bull market Earnings season, Covid relief, short covering may fuel the market

selvamB Updated 

NEO WAVE study(daily)clearly indicates that c4 rally ended and start of wave C5 c5/1 may get supported at 4086,expect a recovery wave c5/2 to 4325

selvamB

A clear graphical representation of Neo wave Neutral triangle in crude futures . Target price and time are the exceptional advantage of EW trading for long term

selvamB Updated 

After 5 wave down move(wave c5),SPX is set to unfold its counter rally up to the falling trendline (4160) the dotted red line shows the path of bullish 'C' wave , time to achieve this target is 4 th Nov'22

selvamB Updated 

Elliot wave projection of GOLD futures, indicates that ongoing wave (c3) may test $1440. Consider not buying gold in physical, and shorting in futures adviced

selvamB Updated 

Monthly Elliott wave analysis of GOLD Futures in COMEX today's fall below $1673 is a bearish sign C3 wave will bring this yellow metal to $1444 this year which is Overall bullishness intact price let's see how interest rate & inflation changes the Price action of gold

selvamB

As 5 waves ABCDE Completed in a triangle pattern Either Z wave has to extend or E2 wave (3 wave ABC) to form. This week's price action will tell you the direction of the market. In both the cases SPX will bounce for recovery wave 'A'

selvamB Updated 

As everyone expected the climax selling is on the way to test 3195. So for SPX is corrected in a expanding triangle(limited in 3 waves within trendlines). Now this leg (E) is final and the trendline is far below(3177). 61.8% support falls @3195 for overall bullishness

selvamB Updated 

c5 minimum target 3595 (62% of c1+c3) If Fed effect pulls more than 3595 ,then we have more lower targets

selvamB

The above chart will clearly explains that the NIKKEI {and other world indices follow through} will correct for its final phase of correction(5 wave bear market) untill 2030. japan is a well developed country with highest debt/gdp ratio

selvamB

A very simple Elliott wave chart shows the price action of SPX index so far. since wave 'c3' extended beyond 1.618 times of wave 1, there must be a final wave (c5). if 'c5' ends @3887 (0.62%of c1),that will be the end of correction. let's see...

selvamB Updated 

option buyers can consider buying OTM call options in SPX or any indices as it broke out C>A first target of wave C, is 4030 if it breaches this level expect 4220 as 1.62of A buying after C wave break-out is the winning secret of option buyers

selvamB Updated 

All 5 waves are completed in an Expanding triangle pattern. Smart sell is over, because of our local support nifty is not fallen like S&P500. 21 day money flow index shows compulsion of buying Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000 let's have a buy until AUG 2nd

selvamB Updated 

Y wave completed at 1695 as 1.62*w any drop below 1695 leads to extension of Y wave ,which in turn GOLD supporters loose more money. my view is wait for confirmation (breach of 1662) before shorting

selvamB Updated 

wave XX to emerge as a pullback RALLY to test falling TL near 4200, buying pressure obvious and the commodities cooled enough

selvamB Updated 

Every action there is equal and opposite reaction, 3 rd law of NEWTON. In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62% enjoy the trend change ,and make use of it .