Nifty may Decline 2000-3000 points from Given RangeWave (5) started from 23894 achieved its projection range and its sub wave 5 started from 24753 is also achieved its range and even extended so Nifty may give quick 1000 points fall from given range in chart and eventually it may decline 2000 to 3000 points from given range.
26200 is the Invalidation level for this analysis.....
Bigshort
ABB - Downtrend Possibility The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any form.
Anytime we must not feel stuck in a trade. Step out from the trade
as it hits our risk management.
All the best.
Weekly nifty Elliott wave theory its time to ride C wave As i have observed market has been long form the log time after 2008 crisis if we impose the five wave pattern in it as i show in chart Please correct me if my wave count is wrong i just want to discusses weather we have right now a big short or not i feel in before march 2021 market will fall and it been in 2008 Please share your view on it.
Some point which also supporting the fall in the market
Repo rate of RBI is at all time low 4 % for us its .25 % just above the zero as it was in 2008
NIfty PE ratio is above 28 which also indicate not to go long in current circumstances
Conflict Between world and china
Every one is aware of pandemic condition we have right now
This is my first post If i forgot to mention something please forgive me
eurusd short (big short)in eurusd -0.15% I entered the position after we broke first red line (neck line) there was a double (triple) top on hourly chart. Then I looked daily (chart 1), and I see , a Head and shoulders pattern ( not sure but it can be a libra also) which neck line is show by purple line and also target are shown by purple line also. then I looked the chart weekly and I saw a bigger same pattern (chart 2) and which it targets are shown by the blue lines. I don't to make trade in big time frame but this time I want to test my patience. let's see what will happen next days or weeks or maybe month. :)