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Neo Wave

NIfty:Neo wave countsSince 10th feb nifty has started it's fall,but the nature of the fall is not impulsive rather it is falling in corrective manner there by taking a form of 7 legged diametric pattern.So far we are done with 4 leg's and currently it seems like 5 th leg is also completed confirmation of which can a hourly closing above 15900,which would trigger a short term reversal till 16300 level,once we see a rise till 16300-350 level we can again see price falling to today's low to confirm bottom. As this is 7 legged pattern and so far we have already seen 5 leg's one should look to buy from here rather then selling short.Personally i think Nifty can form bottom around 15550-15740 levels in coming days post which we can see decent bounce which could be traded on the long side. Sector's like Metal,Energy and IT is out-performing in current market,hence look to enter in this sectors systematically there by managing sector exposure and investment amount. View negated if we fail to close above 15900 and break current low of 17740. Disclaimer:This are jsut my views on index,no position should be build or exited on its basis.
NSE:NIFTYLong
by UNDERDOG-29
10
BTC/USD NEOWAVE FORECAST| BITCOINCOINBASE:BTCUSD Hi Everyone This is an BTC/usd FORECAST, in our last forecast we predicted a 5th wave and than after that an correction will start. We said that correction will come in form of ABC and we currently in last wave. Let see where it finishes. After it and B wave will come. If you want to play correction i will say play one A,C and E wave for good results Also check out my previous forecast and please share my charts with others, As this will be helpfull for them if they do trading. Thank You. Wave Forecast
COINBASE:BTCUSD
by Neowave-forecast
Bank Nifty:Diametric last leg ending soonAs it turned out price took form of diametric pattern in wave d(yellow),currently it seems like we are in wave g(green) of diametric pattern target of which is coming at 37650.Again we are nearing cycle low zone at 12.45 PM today.One should look to buy index if we get reversal candle which closes above previous candles high from now onwards,although it would be aggressive trade but worth while to take risk as time will be favoring bulls post 12.45.Ideally pattern completion would be above 38200. For agrressive trader: Look for a reversal candle which closes above previous candle high,enter long once we get close above previous candles high and keep stop-loss of the previous candle low for a target of 38200 and 38700. For safe trader: Wait for price to cross 38200,any 30 min candle closing above 38200 would confirm pattern completion.Initiate long then with a stop-loss of pivot low that we will make(i am assuming 37650) for the target of 38750.Although risk rewards changes significantly if we wait for confirmation. Disclaimer:No trades should be taken on the basis of this analysis,posting this just for my future reference.
NSE:BANKNIFTYLong
by UNDERDOG-29
Triangle ending soon.Time to get long for the last pushwe are in wave E of triangle(marked in red)which in itself is making a neutral triangle sort of pattern(marked in yellow).In this triangle we are done with wave a,b,c and currently wave d is going on.This wave d in yellow is also sub divided in abcde(in green) there by forming triangle. Looking at the internal count of wave D(yellow) it seems like it is also forming triangle and currently we are only left with leg E of wave D(in yellow). Reason for wave E to end at 38550-60 zone. 1)Cloud support.(not shown here) 2)61% wave A extention target for wave E of triangle at 38559 3)50% retracement of previous up swing(wave c in yellow) at 38557 4)Time cycle low period nearing,at 3.15 pm today. Once we get fall of wave e (in green)we need price to give us reversal candle and clearing wave d(in green) top and closing above it.That would mark end of wave d in yellow degree which will be followed wave e of yellow degree to complete wave e of red degree. Hence stop-loss for the trade after seeing above mentioned trade setup criteria getting ful-filled will be 38550 and target would be 39500-39800, entry only above 38900.Incase 38550 is broken then pattern will take diametric form in which case one can see wave F and wave G,but i am not discribing that scenario as triangle is the preferred count. Disclaimer:This are just my views on the index,no position should be build or exited on its basis.Posting this just for my future reference.
NSE:BANKNIFTYLong
by UNDERDOG-29
2