As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5).
It’s not the right time to trade anyways in silver . We still wait for a perfect entry .
Thank you so much .
Oil has given the movement as expected in our previous chart
we expect the oil to touch the box I have drawn
from there onwards we start our buying in oil
it can go further down. we are taking a stop loss of 65
but it is impossible to catch a falling market
so we will start buying the movement it touches our zone
Nifty has been moving in almost a perfect symmetry in respect to both , PRICE and TIME
Refer to the chart, I would like to share the observations found in Price and Time from Nifty's Price action.
Can I state boldly from this observation that, Nifty may target for 16209.95 on Thursday 28 July 2022 ?
As per #NIFTY #WAVE Analysis Nifty sell zone is 16259 to 16719, with invalidation level of this set up is 16800 if price close above this level this set up will cancel otherwise we can short #nifty here in sell zone for the Down side target is 15000-14800-14500-14300.
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Adani Ent is nearing completing its B Wave which could be around 78.6 Fib level around 2300 or so levels. That means one more push up towards 2300 to 2325 where I would enter my short position with stop above 2425 and look for targets of around 1800 to 1750. This is a nice risk-reward trade if it works out well.
Looking at the calculations and wave counts,,, we are going to see up-move wave F of a correction ...
in wave theory we are going to move in wave 1 of new Up cycle or you can say (Bigger Wave "C" or wave "3")
lets see if it unfolds like this or not ? is the big time correction over today or tmrw slightly below 15600 ?
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BankNifty will give a correction from here some what more but breaking the recent bottom does not seem likely and would trend upwords after the correction to complete the pattern.. Please follow the arrows for directions of the move..
BTC is at the bottom of the daily channel and looks like bottoming out with an ending structure completing its wave structure for now and the next move can be towards the upside. If it were to go all the way up then the daily channel target towards the upside would be over 50k.
Hope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according...