MalayKJ

MalayKJ Updated 

BINANCE:BTCUSDT going through complex WXY correction. Currently into subwave A of major wave Y. Possible target for end of WXY correction between 25700-25300.

MalayKJ

NSE:NIFTY looks to extend the current corrective phase till 18450-18420 or in worst case till 18360 (rare chance but still a probability) level. ● Wave a (sky blue color) with subwaves i-v (purple color) completed on 2023.06.01. ● Currently into wave b (sky blue color) which is an abcde (purple color) contracting triangle pattern. ● Wave c (sky blue color)...

MalayKJ

NSE:NIFTY is currently into subwave 4 (orange color) of larger wave 5 (blue color) of larger wave 3 (gray color). The subwave 4 (orange color) is most probably complete and we should witness subwave 5 (orange color) from hereon. Level around 18843 (red color horizontal line) should mark the end of larger wave 5 (blue color) and also larger wave 3 (gray color).

MalayKJ Updated 

NSE:NIFTY Moving inside a triangle abcde pattern right now. Currently wave d is underway. Triangles occure in wave 4 so after end of abcde pattern (and wave 4), wave 5 should take the index further up.

MalayKJ Updated 

- NSE:CNXIT currently into wave B - Target for wave B is 31253/32818 - SL: daily close below 26200

MalayKJ

- NSE:BANKNIFTY currently into wave v of wave 5, which is forming an ending diagonal pattern - RSI Negative divergence already visible on daily chart - Strong resistance and possible end of current wave v of 5 (and also wave 5) at 44173/44397

MalayKJ

- COINBASE:BTCUSDT is currently into wave 4. - Possible end of wave 4 and entry for long at 25300 - Stop Loss can be daily close below 25000 - Target of next wave 5 at 35200

MalayKJ

SP:SPX semms to be moving into ABC corrective pattern after completing 5 impulse waves. Also, RSI divergence very clearly visible on daily chart. Next wave will be a down wave in coming week(s) taking the index to the support level marked on the chart.

MalayKJ

Current corrective wave count in BTC - Wave 4 looks complete around 25765 - Wave 5 targets 31885-33319-35638

MalayKJ

#BTC has multiple supports at around 22500. 1. Ichimoku clound on daily TF 2. 50 DMA on daily TF 3. Trendline support 4. Horizontal line support Breaching 22500 on daily TF will open the floodgates on the downside. Till then this level can be safely considered to be SL for long position.

MalayKJ

With US markets tumbling on the last Friday due to weak results of some major companies and due to Fed rate hike fear, expect following levels for Nifty in week of April 25 - April 29: Open: Gap-down around 17000 (good support in recent times + Ichimoku cloud leading span B) Low: 16900 - 16840 (only if there it closes below 17000 on an hourly chart; 16840 falls...

MalayKJ

Silver is almost finishing up with the formation of right shoulder and at the same time looks all set to break out from the triangular pattern.

MalayKJ

The USOIL is currently forming an inverse head and shoulders pattern and is in the last leg of completing the right shoulder. It looks like the price may lead to around US$ 78 after completion of the right shoulder.