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If the extreme reached in the Positioning of traders in commodities is signaling a pause to the rally then this the best wave count as of now on the Bloomberg Commodities index . A 5 wave advance may be wave 1 of a larger uptrend in development. Any decline would be wave 2 only. The rally so far has not broken out of the falling trendline from the 2010 top, the...

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USDINR stopped making new lows after the 1st of September. The October rally and the November rally have resulted in higher bottoms in the USDINR resulting in a long inter-market divergence between the Nifty and the currency pair. Now that the dollar index itself has not broken it September low, if it bounces back below is the alternate wave count for the USDINR...

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On the long-term chart of BPCL the entire consolidation of the last few years is a 4th wave triangle pattern. Triangles themselves involved 5 waves to be marked as A-B-C-D-E, and in this case wave E has still not developed to complete the structure. This leaves open the potential for one last retest of the lower trendline near 277 before wave 5 up can start.

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The longer the dollar index takes to break down lower, weekly volatility as measured by the Bollinger bands continues to contract, lowering the odds of an immediate decline. The 1st alternatives for a small bump up as discussed yesterday, however, the 2nd alternate is that a larger wave C bounce, back to the top end of the range near 95 can also take place. The...

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WAVE C DOWN

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wave 5 down

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Wheat bounced back from near the lower end of the channel in wave IV and wave V can head back to the top end of the channel near 670 as long as the trendline support holds.

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Again buy with sl 1897$ We bought 1910$ / 1915$ Tgt 1953$

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wave 4 down then start wave 5 up

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wave 5 start in dow

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Maruti wave 5 up side start

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wave C down I see #Oil playing out right now. Unless we break that resistance line, I'm only looking DOWN to lower lows.

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now start wave 4 we sold @1933$ use sl 1936$ tgt 1913$ then start wave 5 up side

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wave 5 done start ABC correction noe Pe is 1400 to much expensive so short short short

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WAVE 5 DONE NOW START ABC CORRECTION

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GOOD PIN BAR IN 45 MIN GOOD TIME TO SHORT ONCE RETRENCHMENT THEN

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NIFTY GOOD TIME TO SHORT TOO MUCH OVERBOUGHT POSITION SO LITEL BIT WE CAN SEE PROFIT BOOKING IN NIFTY

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GOOD BAT PATTERN IN MARUTI