Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Instead of "adding" --------- you need to "subtract" 1.618 times (1705 -1450) = 1.618 * 250 = 1293/1295 $ which is minimum distance which "Comex Gold" should drop to confirm that it is wave - 3 downside move - in next couple of months --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Why I was excited on 24th March 2020 -
Reason is both "Comex Gold & USDINR was showing signs of topping out" ----that was the reason to put up status update to all the followers on 25th March 2020 & "expect 700-800 points move from 7650-770" - Hope most of you got this opportunity of buying close to 7700. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy ( Short Term)
Holding or moving above 8300 - Target 1 - 8400-8425 / Target 2 - Above 8450 for 8650 / Target 3 - Above 8725 for 9000 /Target 4 - Above 9050 for 9200 / Target 5 - Above 9250 for 9400-9500 / If really holds & surpasses 9500 mark - be ready for another wonder waves above 9500 (strictly above 9500)
Note - Kindly read the disclaimer or consult financial advisor before trading into financial markets
Trade active
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15:53 Hrs / 31st March 2020
---------------------------------------------------------------------------------------------- 30th March 2020
Support at 8245 / 8250
----------------------------------------------------------------------------------------- 31st March 2020 -----------------------------------------------------------------------------------------
15:56 Hrs / 31st March 2020
Last Price @ 8597 (Adjusted Closing)
As per the timeline over the video -------- 15:34 onwards --- have discussed that traders need to extend the neckline which connects left shoulder / head / right shoulder bottoms – get the target done
If you connected & extended - you would realize that today's high @ 8677 kissed the neckline & achieved our 1st target.
Trade active
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23:33 Hrs / 31st March 2020
Closing price - 8597
It was suggested in the video (main idea above) -----------Trading Strategy ------Please read it to understand fully & completely.
1st Buy call target was achieved today in 8650- 8700 which was suggested at the end of the video idea - check the timeline : 15:34 onwards till end of video.
Next Buy Call Starts only above 8725 -This also has been mentioned in the "Trading Strategy" above
Trade closed manually
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08:16 Hrs / 1st April 2020
Hope you enjoyed the video idea. All follow ups are closed . Thanks for all your support & interest.
head and shoulder target, distance between head and base line projected below the base line or distance between right shoulder and base line projected below the base line?
AMBRISH
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Thanks,
krihar
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Thank you
vmkalola
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great
Shivam93
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You are doing such a great work Abhishek Sir. Followed you couple of weeks before. The best part i liked about your videos is the way of presenting of your charts with voice recording, which not only helps in getting understanding of the ideas but also helps us in educating with the knowledge you have gained with by putting lot of hardship in your field.
Thanks for your support in publishing videos (from your precious time, we can understand it's not easy to take out time for these things) from the bottom of my heart. Lastly, by doing these type of work, you are not only educating us but people will remember persons like you for long time that for SURE.
SRs_FF
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Thanks for update...
utpalchaudhuri6
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Superb analysis.Learning from you.Thank you@
kulsourabhkarni
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Hi , the last 2 candles show bearishness should we wait for it to be bullish yet or will it touch 8249 levels and then will move up..? Pls
WaveTalks
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@kulsourabhkarni, Target has been achieved at 8650-8700 at 8677 as suggested in the video idea at 15:34 timeline & next move or buy call suggested above 8725 all mentioned in the trading strategy above in main idea.
Einsteinslab
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hi thanks for the idea, what is your view on the Nifty further