I apologize that I haven't been around for a few days as I was Unwell, with Fever and Body aches over the Last week or so. I know a Lot Many of you are Really worried about what is happening....... In as Much as we have broken below our key levels on Nifty...... I do not see any PANIC LIKE SITUATION. I am sending you guys the picture for the SnP and I BET MY...
Following Facts have come into my View on the SnP500 chart. Very interesting observations for now, and the EW wave counts are as below. 1. 667 to 3393 = 2726 is the differential in price for wave 1, and all calculations will be based on 2726. 2. wave 2 = 3392 to 2191 = it went below the retracement of 38.2% but was well above 61.8% 3. wave 3= 2191 to 4818 =...
It is Imperative we all understand the SnP as well ...... How I see it is well defined with EXTREME LOGIC and the way going forward. On Hourly basis it is extremely Over Sold ( O/S).... and will bounce UP..... to within the Fibs mentioned inside the Rectangle. There is EXTREME FEAR ON THE STREET AND IT IS GOING TO GET MORE FEARFUL ...... ONLY THE BOLD VENTURE OUT...
Just a follow up on the NF chart I posted a short while ago....... After an ABCD........ the waves to the upside are determined by the Advance in Price anywhere between 23.6% which should be the minimum at apprxx 17500-600 zone to 127.2 % which is at 18400 apprxx. I never use any indicators such as RSI/MACD/ STOCH etc, but Today I was compelled to use the RSI...
WHAT AN INTERESTING SET UP. The Nifty Future chart says a LOT to those who understand and Nothing to those who don't. We have been within a Channel for a while, and it is ABOUT TIME WE TAKE OFF..... at least to the upper end of the channel if not BEYOND. I do not need to make anyone understand what happens when an ABCD completes. This is the HOURLY chart.
W got a HAMMER candle on the DJIA on a DAILY basis,,, and I think an UPSIDE will ensue, upto the Range as pointed out by the RED ARROW. However, we are in an ABCD pattern on a Longer Time Frame, pointing towards 27600, which is where the Downturn should End. It has become a very interesting phase in the Times of the Financial Markets. As markets are going...
There are FAAAAARRRRRR Too Many of you who AGREE with Me on my ANALYSIS, without even Understanding the HEAD or TAIL of what I am posting. Instead of agreeing and Following Me, I would Rather Appreciate that Some of you Show me something as well OR ask Pertinent Questions and Give Me answers with Logic. I am here to EDUCATE you and HELP you All, but I will not be...
I now believe that we will take off Into a BULL RUN soon. When I co-relate the DXY on a Monthly scale, the wave counts Clearly tell Me that we will TOP at 118 $ apprxx, so what does this mean ????? 1. We have an apprxx 6% upside on the DXY. 2. That in all probability 99.99% World Markets will bottom out 6% from Current levels. DJIA at apprxx 28000 - 28700 SnP at...
Everything has been Marked for you all in the NF chart. It is an Hourly chart and I dont think it is TIME to be FEARFUL anymore. I see a 500 Points Rally in Nifty in the coming days. The Bottom is drawn for you all as well.... We MAYNOT even fall as Much as the SGX was suggesting overnight. IF we remain above 38.2%... GOD help Shorts. And in the worst case...
Marking out ONLY the Current wave on NS. I see that we will bottom out in this wave at apprxx 17600 plus minus, and Move Higher probably towards ATH, @ 3....then come down again towards 4. None of this will happen in a day as this is the Weekly chart, and I expect volatility to increase . Keep a Good WATCH on 17610 as a BASE /BOTTOM
Giving you all the Chart for the NF, all explained. As today is an EVENT @ FED...... be careful what you do. Better to stay on the side lines . 1. I have a CONTRARY CALL on the FED EVENT. Should the FED increase the rates by 1% and More.... Markets will RAlly. Anything less than 1% a Temporary Blip to the Downside. Markets are concerned about Inflation and its...
I cautioned you all at 1.20 pm...... and cautioning you again.... Indices are looking to complete the downside tomorrow opening
A GARTLAY Forming on Hourly tf..... careful with your Longs .... can extend slightly more until Daily shows done. A break of 40635 n staying below this will confirm..... else a move upto 42200-300 odd as R3
Presenting the 15 tf chart of BNF. To show you all what is meant by ABC will subdivide in 5 waves. 1. Marked in RED colour is the 3 waves ABC structure which will play out going forward. 2. Marked in BLACK colour are 5 waves which are subdividing within ABC. Hence all CORRECTIVE WAVES will have a LARGER 3 wave structure within which 5 waves will sub divide and play out
The Nifty Spot chart as I see it. Do not stay Overtly SHORT for Gods sake. Daily tf has turned up, altough Weekly and Monthly tfs will Put pressure for some more downside. Wait for a Confirmation of a BREAKDOWN below the mentioned levels and ONLY then go FURTHER SHORT. Let us see if the HNS pattern plays out. Take each day as it comes, and Accumulate the Downside...