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GBPUSD price rejected by trend line but wave count still showing one more leg upside possible upto 1.2330 level. For this short term count Invalidation level 1.2110, GBPUSD fell below this level continue down trend.
AUDUSD we can clearly see free fall before and after FED rate cut. In Short term corrective 3 waves is forming on this pair. I am expecting Wave C Starts from 0.6753 target for this wave is 0.6877.
As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days.
As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e....
Nifty approaching strong resistance zone @ 8975 - 9018. As per My elliott wave count b wave of entire corrective structure going to be end. Enter Short on Nifty target for c wave 6725 level.
HI EVERYONE, As per my last post i mentioned Nifty reaches its 3rd of 5th wave resistance level. Yesterday market hold on 8650 and confirms the nifty enters into short term corrective structure.
Wait and enter long on Next month. NIFTY Targets are 8737, 8975 and 9018
SBI in 15min charts is ranging for few days same as its big brothers Nifty and BankNifty. Atleast SBI was kind enough to show us the triangle pattern and gives us setup for Breakout. Now, if you throw a stone in Markets, it will be forming breakout patterns only, except few. That much ranging going on. All just for Fed meet on Sep 20-21, as usual this meet will...