deepgups

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What do you think just happened????? Well its simple. We are still in wave ""B"" in a corrective Rally. Why do you think we had such a massive Bounce on BNF ???? The point is simple, on Tuesday, the Closing NEVER went above 39779 which was the previous high, so today it came back with a vengence to cross above that high to mark wave B. Now this will also mean that...

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Giving below the THEORY that says, the difference between TUESDAYS high minus Low, should be the target to the downside, breaking below Tuesdays Low. For EXAMPLE- High is 39800. Low is 39000. Hence 39800 minus 39000 = 800 points. So the Downside Target Must be 39000 minus 800 = 37200. Always Remember the story does not END here. The market MAY decide that it...

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I have put here for you all to see the wave structure of UK CRUDE. Nothing will happen over 1 day but will happen over a period of TIME. As I see it, 2 bottom is in place with subdivided (i) in place also, subdivided (ii) in play currently( Just a slight doubt that 2 bottom ""MAY"" break to form the final BOTTOM, else If in place the subdivided ii will hold and we...

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DJIA showing some Signs of BOTTOMING OUT atleast for Now..... Holding the Lows a Swing upwards unfolds

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The Probable swings/ plays on Dow JONES tonight. I have marked 2 possibilities for you and they both are self explainatory.

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I have purposely Not give it either a SHORT/LONG tag, as You all should do your homework now to see where GOLD is headed. I have given enough hints as to how to follow the wave structure. Any questions will be most certainly answered.

deepgups Updated 

This chart of Silver shows the Longest BEARISH Trend that I have known for a while. It is self explainatory. In as much as the Strategy says SHORT...... this position was created many months ago. I am merely showing you all the way Forward from current prices

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Sgx has achieved one set of waves marked 1 a b 2 ( 3 waves) in Black Arrows. This is on an Hourly basis. It is to be seen whether the next set of waves will make 1 a b a b 2 ( 5 waves)marked in Blue Arrows

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Here is a TYPICAL CHANNEL DRAWN ON THE SGX LIVE AS I WRITE THIS and what happens when price breaks below Lower TrendLine

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3rd in the Line of Tutorials. LEARN TO DRAW CHANNELS 1. A channel is drawn by joining at least 2 point on the Lower side ( representing the LOWER TREND LINE OF THE CHANNEL) and at least 2 points on the UPPER side( representing the UPPER TREND LINE). 3. The dotted Blue Line becomes the midway@ MID MEAN LINE. 4. A channel cannot be CONTINOUS in Nature and will...

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Good Morning. Today I am going to show you all how to use SIMPLE TOOLS and do your trading. 1. Plot SMA indicator which has any 3 SMAs in it. For example lets say 50,100,200 Smas. 2. Change the period to 12,21, 30 . Which means that 50 changes to 12, 100 to 21, and 200 to 30 SMA. Now save the changes. 3. Now look at this Daily Chart of Nifty. What do you see????...

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The DJIA as is unfolding in the Current wave clearly highlighted by the RED ARROW and how to play this Swing

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I am still sticking to the HOURLY analysis, which has become highly Interesting. 1. The chart IS, AS WAS POSTED YESTERDAY, however I have added 1 dimension marked by 4 PINK/RED ARROWS, which Represent ''abab"" coloured in blue ( minor waves) within this Larger corrective wave, wherein on the LEFT is the Fibbonachi for the UPMOVE and Right for the DOWNMOVE. At...

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So today I have gone deeper into the CURRENT WAVE STRUCTURE on an Hourly basis rather than a Daily basis . Marked in PURPLE are the DAILY SUPPORT LINES. In ORANGE the HOURLY RESISTENCE LINES, and in LIGHT GREEN, The AREA where all Suckers will get SUCKED in. 1. Too Many today must have marked the Gap down as ABC/ 2 done. Well is it done yet??? The answer is NO,...

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I have put more focus on the current wave on ""DJIA"", wherein I see that wave 1 up is done and we are in wave 2 down. Makes me also believe that when I see the pattern/ structure of NIFTY, both DJIA and NIFTY have more or less IDENTICAL setups. Assuming this to be TRUE, I am personally of the opinion that the Markets are in a Tearing Hurry to achieve Higher Highs...

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Let us now Look at the CURRENT WAVE STRUCTURE and understand what is going on. The current wave Labelled as 1/5, has been marked as I see best, where in to understand the outcome of this current wave playing out, ONLY 2 possibilities exist for its retracement. 1. That we have completed the LARGER 1 of 5, and are currently in wave 2 of 5. So how must we know...

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I am putting forward for your understanding of the ""DJIA". Wave counts marked AB4, are Bullish Counts wherein 4 represents a WAVE 4 Bottom. Marked WXYX ( to be followed by Z has not been marked yet), these show Extremely Bearish Counts. The circle marked in RED represents the Current wave and here is my PERSONEL opinion . We are into 1/5, wherein, within this 1,...

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I am Going Bullish at every Dip on the Index. Since it is difficult for Me to track each and every stock, I am putting down my view on the Index Only. The Rise from 15200 to 17992 Must be Labelled as wave 1/5. What we are currently going through is a wave 2/5 down. This typically will be an ABC wave ( subdivided into 5 minor waves). To Me the zone of 17310 to...