From the top of 1522- ABB is in corrective structure. This structure could complete in the zone 845-865 to finish 2?-yellow wave which will retrace 61.8%- an ideal retracements for 2nd Wave & can confluence with equality distance of Y-Wave.
Trading Strategy-1: With Strict Stoploss above 1325. One can look to sell for target zone 920-935 zone first- shall monitor...
Currently- If Cable moves above 1.3070-key level -Cable can test 1.3481(1.3478) - previous highs(a-wave-yellow wave) in the form of c?(yellow wave).
The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low.
Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets
Trading Strategy-2: If Cable goes above...
Bang On. above 384.50 -Target 388-389 done as per previous update-"TataSteel- Top is still missing". from 24th June2016 email@example.com - TataSteel has opened up in a beautiful bookish elliottwave. 3rd wave was 161.8% of 1st wave distance. 2nd wave retraced 61.8% of 1st wave. 4th wave retraced 23.6% of 3rd wave. 5th is currently running & I shall...
Current Price- 382.
Tata Steel- follow up- Kissed 383-384 zone. Here onwards -we will be little careful as going below 378 back -will confirm that move from 360-362 zone is almost done.
Natural Gas staying Above 2.590 & Moving Above 20 period MA(shown by pink line) can take NG in the zone of 3.100 to 3.150 -previous swing high of XX -mark where it shall get resistance & if that level holds -then going back below 2.590. It shall start falling in an impulsive leg down.
Abhishek H.Singh, CMT
Follow up for previous update- Gold-Looking to slip below 1347$ to 1325-1330$. Has been modified to 1350$ & below- Now If Gold slips below 1350$ & break of trendline can trigger selling in gold- shall take to 1340$ first where gold shall look for temporary support going below 1340$-It shall open up for 1325$ to 1330$.
Gold could move sharply down in 3rd wave once it slips below 1347$ & later going below 1340$-shall put more pressure. We shall look for an equality target of 1325-1330$ first below 1340$ as support zone - likely it should travel atleast that much but usually 3rd waves travel 161.8%-of 1st waves -which comes in the zone 1305$-1310$.
Gold falls from key level of 1365$. Session High was 1364.3$. As per previous update - "Gold-Bang on. for the bounce back"- we had a stop of 1365$ & above for shorts. Look at the fall- just went very close to 1365$ & slipped.
Going Below 1340$- Gold will face more downside pressure.
14:35 Hrs-IST-16th Aug2016
Current Price- 377
As per morning update - "Tata Steel-still top is not in place"
Yet to complete minor d? leg --can take Tata steel Above 378.50 to 383-384--In an unfolding triangle at one degree larger.
Trading Strategy- Above 378.50 -TS could complete its internal leg in the zone 383-384 slightly below 384.50- The Killer Top...
The price movement in Tata Steel is indicating at present moment that top is still missing as price has not gone below 360 in recent fall-which I was keen.
Trading Strategy- 1)Any Move Above 378.50...we should look TS to travel in the range of 382.50--383.50.
Trading Startegy- 2)Any Move Move above 384.50- One can look for the zone 389--390 & Above 390 ---target...
Since 15th Jan 2016-- Copper QC moved impulsively & made a firstname.lastname@example.org..Since then it retraced & has been moving sideways- almost completing an H& S pattern.
so once we move above 2.2400 -it the first clue & above 2.2900.. Copper QC contract shall move strongly upside in the zone 2.5500 to 2.5700 which is the target zone of Head & Shoulder...
As per previous update..."Gold-How it can fool."- 08:45 Hrs Update on 13th Aug 2016- It was updated that I am taking my primary count as blue waves as shown 1-2.
We are expecting a bounce in the zone 1345-1350$. Recent Bounce was 1349$. Currently Trading at 1347$. We shall look for this bounce as selling opportunity with a stop above 1365$.
Trading Strategy- ...
As per the previous update---"Nifty--Trading with Amar..Akbar...Anthony."............We are running with 120+ points in Nifty since morning..........Strategy -2...Bang ON....Bounced from 8575 to 8600....Then Fall from 8600 to 8540.....
Stratgey-1--- Bang ON.....Bounced from 8540 to 8595 (Currently Running).........
Abhishek H.Singh, CMT
As per the previous update--- "Nifty--Trading With Amar ..Akbar..Anthony"............Nifty first bounced from 8575 to 8600 as expected & Then Fall expected below 8590....Nifty...Slips...Slips...Slips.....to 8540......Vow......
So, Yeh Dil Mange More..........
10:00 Hrs--IST--11th Aug 2016
Nifty---Amar ...Akbar ...Anthony(Looking for Your Support)....If Market Supports Anthony...You Know ..He had potential to become a superstar & he turned his dream into reality...So, Guys......
In Traditional Analysis--Its 3 point contact for a valid trendline----
Won't you support Anthony....in the range...