AnkurSharda3

AnkurSharda3

On Daily Basis: IXIC ( NASDAQ ) is currently facing a strong resistance at 12600 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 13570, another resistance. Level of 12600 is 50% retracement of C Impulsive wave down and currently it has closed just above at 12658. RSI made a double bottom on weekly basis and turned its trend...

AnkurSharda3

On Daily Basis: SPX (S&P 500) is currently facing a strong resistance at 4170 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 4338, another resistance. Level of 4145 is 50% retracement of C Impulsive wave down and currently it has closed on week at 4145. RSI made a double bottom on weekly basis and turned its trend upwards. SPX...

AnkurSharda3

On Daily Basis: US Dollar Index (DXY) is correcting after it achieved the target of 109.29 as predicted in earlier published idea. 105.50 is a near term support level which is a test of DXY for further next decisive move. The trend is bullish right now and it should take the support of 105.50 with next probable target of 112 to 114. RSI on weekly basis has come...

AnkurSharda3

On Weekly Basis: S&P 500 has already retraced 50% and it may extend to 61.8% retracement at 4216. It has also resistance of 200 daily moving average at 4346. It is a rally within the bear cycle where complacency exists. The real end of bear markets ends with capitulation which may end at 3100 to 3450. Bear market correction rallies are sharp and swift. Amazon,...

AnkurSharda3

On Daily Basis: BTCUSD (Bitcoin) is proving to be correct and it is gradually moving up after forming a bottom of 17600. Gradual up move is generally not the correction but base formation after completion of bear cycle. All adverse news is absorbed like Voyage Digital, 3 Arrows hedge fund and Luna which is an indicator of base formation before a meaningful Bull...

AnkurSharda3

Technical Analysis on Daily Basis: Nifty 50 (India) completing its 4th wave upward and progressive in C Impulsive Corrective Wave which is the final and violent end. It shall soon resume its 5th wave downward. This is usually the end phase of downfall and time to buy after completion of downtrend. 38% Correction of Bull run from Covid low of 7500 to 18500 is...

AnkurSharda3

On Weekly Basis: BTCUSD (BITCOIN) just completed its 5th wave downward and also Corrective C Impulsive wave. It should hold the support of 19000 level which was all time high of December'2017. It also made a low of 17500 due to high volatility. Weekly RSI at 25 is extremely low level with lots of pessimism. Such deep oversold RSI on weekly basis is generally the...

AnkurSharda3

ON Weekly Basis: DXY is entering into 5th wave of the final Impulsive wave E. It is the blow off top and generally Bear market sets in may be with complicated top or straight reversal pattern. July month should be the last Bull phase of US Dollar Index (DXY). RSI peaked at 89 as on 9th May, 2022. RSI shall be lower high and DXY price higher top, generally a...

AnkurSharda3

Analysis on Weekly Basis: NIFTY 50 (India) completing its 4th wave upward and progressive in C Impulsive Corrective Wave which is the final and violent end. It shall soon resume its 5th wave downward. This is usually the end phase of downfall and time to buy after completion of downtrend. 38% Correction of Bull run from Covid low of 7500 to 18500 is coming nearly...

AnkurSharda3

Analysis on Weekly Basis: S&P 500 started its 5th wave downward and C Impulsive Corrective Wave which is the final and violent end. This is usually the end phase of downfall and time to buy after completion of downtrend. 50% Correction of Bull run from Covid low to 4800 is coming nearly at 3400 to 3500 on S&P 500. It rallied from 2200 (March Low 2020) to 4800...