Wave Analysis
GOLD trend now sell then buy as per Elliott wave counts Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $ 1650 and below.
possible wave counts on weekly time frame
macd in weekly is negative
possible wave counts on daily time frame
macd in daily is negative
possible wave counts on 4 hourly time frame
MACD in 4 hourly is positive but till below zero line
possible wave counts on hourly time frame
MACD in hourly down tick and can cross negative soon
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However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious.
Possible Elliot wave counts on weekly time frame
macd in weekly is negative
Possible Elliot wave counts on daily time frame
macd in daily Negative
Possible Elliot wave counts on 4 hourly time frame
macd in 4 hourly is still below zero line
Possible Elliot wave counts on hourly time frame
macd in hourly negative crossover
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Crude is Heading $256 second Post in 1 Year I have made efforts in Explaining How i forecast and How things can Unfold
My efforts to Put up today Video is to help Those who are Commodity traders , this view gives them an Long term Trend and Bias
I am also attaching my previous Post of Aug 31 2021 where i have mentioned Crude is heading for $249
I wish you all the best in your Trading , Trade carefully with your Known Methods
Good luck
#BANKNIFTY ANALYSIS AS ON 29.08.2022|BUCKS TRADERSYour search for today's market highlight ends here.
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BankNifty - LongTerm / ShortTerm Outlook (Time Cycles)Long Term Outlook
We picked time cycle tool available in drawing tools & tried getting dominant lows & highs. Over the process we realised that 18 Week cycle is dominant & running for Bank Nifty Index giving us important lows & highs.
Next low could be due in middle of the Oct 2022 which could be shifted to close to Nov 2022 if current high holds at 39759 which was identified as the recent high
Cycle Analysis
Cycles are always measured from low to low only but at times we can break that rule for analysis purpose & we can even take low to high but these won't be termed as cycles because cycles are always low to low.
In Cyclical Analysis
Low = Trough
High= Crest
Short Term Outlook
We identified an ending diagonal which marks the end of the trend & usually occurs later in the trend signifying that we could be close to the tops
Till the the high of 39759 is intact we assume that another wave is pending downside & have to review again if 39759 highs are taken out on upside.
On short term basis a parallel channel is used to get possible resistance zone which could be upper end of parallel channel close to 39300-39400 zone . If halts at the top then we may assume that fall may start or if Index fall below 38803 lows
Thank you for watching the video & have a nice weekend.
#BANKNIFTY ANLAYSIS AS ON 24.08.2020|BUCKS TRADERSYour search for today's market highlight ends here.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.