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Neo Wave

GBP/USD FX:GBPUSD Hi Everyone Sorry for absence for so long. Actually i was busy in forex trading and working on something so it took some time in doing experimenting. But will make some time on daily basis and try to help you as much as i can with my charts. This is an chart of British pound/ US Dollar. As you can see GBP/USD is falling for sometime now or you can say its almost an complete year. I will say this has complete its wave 1 and currently price is in wave 2. So you can expect some range bound in it or bounce back in form of correction for 2...3 months. It will form an ABC structure as per our Long Term Degree and currently we are in wave-LC1. Lets see what happen. See the below chart to understand how our degree cycles work.
Long
by IIntelligentinvestor
Bank Nifty:Bow-Tie Diametric pattern nearing it's completion#Characteristics of Bow-Tie Diametric pattern *It's a seven legged Elliot / Neo wave corrective pattern *Wave A=G,B=F,C=E.wave D is connector. *Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%. #Reasons for not considering this entire swing as an impulse/triangle move *Wave B has retraced wave A more then 61.8%(In an impulse as per Neo wave , wave 2 does not retrace wave 1 by more then 61.8%) *Wave B took less time then wave A took to form.(In an impulse as per Neo wave , wave 2 takes more time then wave 1 took to form) *Wave C has not extended wave A by 161.8%.(In an impulse as per Neo wave ,either wave 3 or wave 5 extend's wave 1 by 161.8%) *Wave D enter's wave A territory.(Here it doesn't) #Findings/Analysis of this pattern *currently we are in 5th leg of this 7 leg's pattern.Price wise pattern has achieved wave E has achieved it's 100% extention target of wave C,hence going forward we can expect a downward movement of price in the form of wave F till 35900(100% extention target of wave B).Post wave F we can expect another move on the upside in the form of wave G(final leg of the pattern) which can take price in between 36850-37400,post which we can expect price to drop till 34250-350 depending upon where wave G ends as per post pattern implication of Diametric pattern. #Possible Action that can be taken as a trader as per current scenario. *One should start exiting long's in part's if not fully exiting there long's. *Should wait for wave G to complete post which one can go short on the faster retracement of wave F's low. PS:Price path discribed here is an ideal path discribed in books as per Neo wave .Reality can defer. Disclaimer:Trade should not be taken solely on the basis of this analysis.Posting this just for my future reference.
NSE:BANKNIFTYEducation
by UNDERDOG-29
Nifty Pvt Bank:Bow-Tie Diametric pattern nearing it's completion#Characteristics of Bow-Tie Diametric pattern *It's a seven legged Elliot / Neo wave corrective pattern *Wave A=G,B=F,C=E.wave D is connector. *Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%. #Reasons for not considering this entire swing as an impulse/triangle move *Wave B has retraced wave A more then 61.8%(In an impulse as per Neo wave , wave 2 does not retrace wave 1 by more then 61.8%) *Wave B took less time then wave A took to form.(In an impulse as per Neo wave , wave 2 takes more time then wave 1 took to form) *Wave C has not extended wave A by 161.8%.(In an impulse as per Neo wave ,either wave 3 or wave 5 extend's wave 1 by 161.8%) *Wave D enter's wave A territory.(Here it doesn't) #Findings/Analysis of this pattern *currently we are in 5th leg of this 7 leg's pattern.Price wise pattern has achieved wave E has achieved it's 100% extention target of wave C,hence going forward we can expect a downward movement of price in the form of wave F till 18165(100% extention target of wave B).Post wave F we can expect another move on the upside in the form of wave G(final leg of the pattern) which can take price in between 18690-18990,post which we can expect price to drop till 17300-17350 depending upon where wave G ends as per post pattern implication of Diametric pattern. #Possible Action that can be taken as a trader as per current scenario. *One should start exiting long's in part's if not fully exiting there long's. *Should wait for wave G to complete post which one can go short on the faster retracement of wave F's low. PS:Price path discribed here is an ideal path discribed in books as per Neo wave .Reality can defer. Disclaimer:Trade should not be taken solely on the basis of this analysis.Posting this just for my future reference.
NSE:NIFTYPVTBANK
by UNDERDOG-29
6
Bank Nifty:Bow Tie Diametric pattern.End of wave E.Go short.Rise in Bank nifty seems to have taken a form of Bow-Tie diametric pattern.We have seen completion of wave A,B,C,D,E.Currently it seems like we are in the middle of wave F.Wave F equality target of wave B is coming at 34608.Also it seems like wave F internally is forming a flat corrective pattern of which wave A and wave B is done and today after price retracing wave A by 80% (at 35958) wave C has commenced.Internally wave C target of 100% and 161% extention of wave A is coming at 35163 and 34672 respectively in this flat correction. Bank nifty 15 day cycle has also passed it's 2/3rd topping time zone and is ending on 6th june,along with this we also had a top formed on no moon which is yet not taken out. One can go short with a stop-loss of 36100 at cmp of 35550 for a target of 34700. Disclaimer:This are just my view on index.Do not trade solely on its basis.Posting this just for my future reference.
NSE:BANKNIFTYShort
by UNDERDOG-29
2
How To Read Neowave Charts by Neowave ForecastHello Traders and Investors My Name is Manish Singh and i am an expert in Neowave. In this chart i have describe the coding method to read my charts. In Neowave Charts Degree labels used as intermediate, primary and cycle degree which is hard to understand by new user. Actually they understand 1 to 5 labels but they dont get the quiet idea in one look in which trend is this count is given. Thats why i came up with something simpler. So i am publishing this in the hope they everyone new trader easily understand the chart that it is in corection or in motive wave and for what time frame. As they follow my charts, than with time they will understand which degree takes how much amount of time approximately to complete its structure and it surely does in learning the neowave. Anyway friend kindly tell how you like the idea of this kind of coding. I am also puting some examples of chart here. 1) This is the chart of nifty in which long term wave is in correction and you can judge with the help of medium wave degree that where is long term wave correction can end or actually new trend is going to start now or it become a failure. you can judge the chart pattern with is also as you can see this is an flat structure. 2) This is another chart of USD/JPY In this chart i have used the old style of coding so that you can compare which one is easier to understand trend. As you can clearly understand with the help of count that it is going up but you were unable to catch that in which degree it is up or how long it will sustain there. Is there much bigger degree from the current one i am seeing.
NSE:IDEAEducation
by IIntelligentinvestor
12
Bearish Corrective Trend in TCS Hi Traders This is an good opportunity for both buyers and sellers. As price is corrective than sellers can short sell here for quick profit. Investors can wait for the correction as they will get the buy the stocks as much cheaper price. Anyway as i said in the chart this is an corrective structure. Form the looks like it is an flat structure so its should fall to given price range and expect a bounce from that area. Anyway in present scnerio look for sell side as this correction is surely going to take some weeks to finish it. See weekly chart for more clear understanding of degree. Please do follow our charts with likes and comments. Let me know if you have anymore query Thank You Everyone * This is an weekly chart of TCS, in this you will sell an line near price 3000 which will work as a support for wave of D-4, It should not breach this level if it want to go up for wave D-5 * To learn how to read our neowave charts see below image
NSE:TCSShort
by IIntelligentinvestor