all things explained on the chart
3rd wave completed 4th wave going down bearish div also RSI and stochastic RSI having some bearish momentum expecting to come down at least 0.091
EURO looks double top here and reached previous ATH against INR Bearish divergence in daily/weekly charts. 5 wave impulsive moves is completed here for EUR. We will see correction to the red line at 76-77 INR. Time line 3-4 months .
EOS can be a long after breaking the inverse H&S for target of 8800
Hi, Please refer chart for details. Trade with care Gulz
#USDJPY:- Formation of Elliot wave. Seems like 5- wave impulse move has finished which confluence with the touch of annual resistance zone and corrective move is in the offing. A SELL LIMIT entry can be taken from 113.100 SL@113.500 with TP1@111.500, TP2@110.00
Hi, Looks like Nifty already completed it's 5 wave bullish sequence on monthly chart and currently correcting the entire wave 5 sequence which is essential for next bull run. Normally such correction may end near to the previous 4th wave span ( levels as highlighted : 9119-6825). This is not a trading call, Just trying analyse where we can look for the bottom...
Hi, Nifty had a sharp impulse to downside in five waves from the top as Wave A. Now we can anticipate a corrective rally to 11,100 ( sub wave 4 region) as a zig zag correction since we had upward push in 5 waves on lower time frame. So, Once the B wave correction is complete at 11,100 region, there can be next series of push down to 9500 level ( levels to be...
Correction is completed and most possibly trend reversal is there, can go for Long with SL of 551.
Hi, Please refer chart for details ** For education purpose Regards Gulz
Hello Traders, Hang Seng closed this week at 25801, a loss of -1.89 (according to teletrader.com). This was the lowest closing since mid-May 2018 and is maybe a wave 4 of Minor degree. It drops below the blue trend channel that I have marked as important and closed right at the lower line of it. There remain an open Gap at chart, implying the same possibility as...
Hello everyone, I've been looking for short move since 2nd week of the September. As shown in chart price is showing sell sign by divergence On RSI and MACD both. When price move forward in our forecasting direction then Move SL past the entry. If it's not the move down then we again look for the sell opportunities.
INFOSYS IS SELL FOR TARGETS OF 590-550. REASONS: 1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN). 2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START. STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
In the correction phase on daily chart pattern. Wave A & B completed, started wave C. Redline will be the stop-loss.
Wave 3 was completed, now in the correction phase. The Wave 4 will end at 50% retracement of Wave 3. Can setup short selling trade for the 1135 target. Good Buying opportunity at 1135 level for Long term.
Currently, in the correction phase on the weekly chart, wave A and B completed, soon start for correction wave C. Redline will be the stop-loss.