selvamB

selvamB

Revised analysys (always good in TA) some times gives good counts Hope the triple zigzag combo WXYXZ completed @ 29296 will be the end of 4 th wave (sharp and swift always) The emerging wave resembles like WAVE 'B' is crossed more than 50% of 4th wave fall which is a bullish confirmation signal support @ bullish trend line is a good sign of buy Correction in stock...

selvamB

Elliott wave correction rule(ZIGZAG) says that , ''C'' wave will move either 1.382 or 1.618 times of wave''A'' Any upmove will be POSSIBLE only if NIFTY crosses 16709 (1.382*A). Tempting to short the NIFTY will be dangerous since it has the potential to go 17720(1.618*A). Then what is our trading idea? Lets wait for bears action ,until 16107 breached no positional shorts.

selvamB Updated 

ON GOING 'Z' WAVE ENDS W=Z AT16406 This has to Breach for bullish count, Otherwise EXPECT FIRST WAVE OF CORRECTION ''A'' WILL BRING NIFTY TO 15000

selvamB Updated 

More than 5 days what the BULLS are doing there near GREAT RESISTANCE 4440(A=C) Profit booking before a swift selling? or Adding shorts by bears? BEARS will win below 4372

selvamB Updated 

Emerging wave 'C' of CORRECTIVE WAVE (B) has a target of 46747 (50% retracement of CORRECTIVE WAVE(A). UNLESS this is achieved , no further bullishness in BTC, NEXT wave will be ''C'' DOWN

selvamB

16000 target is not achieved, hence truncated 5th wave will lead a sharp sell of due to heavy long positions. So 16k is a nightmare for indian NIFTY. Possible targets given in the chart , I' ve used only one indicator(CAMERILLA PIVOTS) monthly target 15200 yearly 12200 enjoy bears, sell on peaks

selvamB Updated 

Even though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles. Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4, So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th...

selvamB Updated 

Earnings season will kick off S&P 500 index to reach the'' Y'' wave target of 4630 (W=Y) Before that it has to cross the hurdle of 4420 Let's see the price action in the coming week

selvamB

Whatever may be the result of RIL, NIFTY will make a new high of 16002/16020 on monday26/07/21 profit booking after 12pm will bring the index down, correction will start from 16000 for more time, shorts can be taken if it not hold 16066

selvamB

Based on s&p500 index movement on last week, There is a possibility of NIFTY to test 16150 next week, this is purely because of short covering rally as well as to finish the last wave 5 of the ongoing 5wave expansion(C wave). TRADERS can hold their longs with a confirmation of levels 15915,16090,

selvamB

For bitcoin traders,this chart will gives a good HOPE ,this is an ALTERNATIVE SCENARIO against my yesterday's post on BTC Long term trend; bullish 5th wave is on going(1,2,3,4 completed) SHORT term trend;bullish 5 th of 5th wave, to expand As per Neo wave time cycle 4 th wave ended on 23rd june A new wave 5 will emerge if the s&p 500 started to fall from12 th july.

selvamB Updated 

The period of consolidation at lower level started in BTC. Traders can easily make money in range bound market,since you know the two extremes. enjoy trading

selvamB

So far NIFTY managed to climb after any consolidation from last MAY 2020. BUT the rosy picture now is visible in todays price action.(09/07 Friday) the final wave of the consolidation(c5) is not a 3 wave abc correction as like c1,c2,c3 andc4. wave 3 of c5 formed as motive wave(more than 1.618*c1), hence it is a negetive bias (bearish) MONDAY 's (12/07) price...

selvamB

Today is the last day for bulls to keep this index at top, next wave of selling will begin from july 1 , the force of selling may increase with VIX BEARS READY!

selvamB Updated 

Historically NIFTY showed possitive clossing for many years, what about this june? Is it different? YES.... Read my simple EW chart with NW timing. It is obvious from the chart , when to take long or short ,with targets. (The power of EW forecasting) Happy Trading!!

selvamB Updated 

On going correction in BTC will ends this month, if it get support at 29920(A=E), BUY BUY Or else ? Dont short, wait for next opportunity

selvamB

Neo wave time cycle study gives me the confidence. weekly clossing on friday(06/18) is the end for corrective cycle 4/A. An EXTRACTING TRIANGLE pattern completed today gives additional cushion with stop loss Buying pressure and, weakness in gold and stocks will boost this crypto for 2 months for 4/B upto 51600 Levels given for long and shorts . ENJOY CRYPTO TRADING!!

selvamB

ENDING DIAGONAL OF 5 TH WAVE ENDED AT 4257. CORRECTIVE WAVE ABC BEGINS Wave "C"of ABC correction bring s&p 500 INDEX TO 4133 as C= 1.618 of A