ravaye27

ravaye27

Hi friends, Nifty as per my previous analysis and follow up updates() failed to cross the #keyresistance and hence ended with #fakeout(failed breakout). So as I expected further down swing or one more down swing...which did unfold decisively today. what next..? VIEW: Expect to bottom out in the zone as shown in the chart. Structure/Pattern: impulse + double...

ravaye27

VIEW: USD index appears to be ripe for an upswing as per elliotwave analysis. Pattern/Structure: zigzag + x + zigzag =double zigzag

ravaye27 Updated 

Hi friends, Nifty has been in downtrend for a while. Recent price structure as per Elliot Wave Analysis suggests it can continue to drift down a bit further. But as per Elliot wave the current down move doesn't show any major reversal yet in Nifty. Key note is that >>> till major resistance is not taken out...all trades to be taken on the negative side in...

ravaye27

VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?

ravaye27

VIEW: US30(DOW30) may show some reaction near upper channel zone as shown in the chart I haven't delibertely labelled few wave counts...will update with wave counts as I get more clarity.... KEY NOTE: Short term investors should be careful here @ this junture....

ravaye27 Updated 

NIFTY HR TIME FRAME : VIEW : Since the end of January 2021 nifty was in uptrend and after in late mid February ;Nifty turned sideways. Recent up move showing positive market structure with "higher high"(HH) and "higher low"(HL) pivots. But these pivots are overlapping ;suggesting me to be cautious to take long position in nifty. But I still keep my bullish stance...

ravaye27

BIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for...

ravaye27 Updated 

View: EURJPY may unfold into impulse structure and there by giving an opportunity to trade wave 5 setup ;provided price doesn't breach invalidation point.

ravaye27 Updated 

Hi friends,I thank all those who liked my previous works and encouraging me to come with more analysis.I also thank those who spent time to visit my analysis and those gave positive statements in the comment area. Today I m posting my analysis on Nifty50 index chart as below: View: Nifty50 appears to be positive for the moment... Supporting pattern/structure...

ravaye27

VIEW: EURGBP has been in down trend for a while ; now showing some symptoms in the lower time frame (2hr) as if its ready for a bounce as per Elliot Wave Analysis. STRUCTURE/PATTERN/ Technical Event: # Impulse(1-2-3-4-5)+ correction sequence; # Trendline breakout possibility near invalidation point or near demand zone # Accumulation symptoms near Demand...

ravaye27

VIEW: USDINR appears to be poised for an up move as per Elliot Wave Analysis. STRUCTURE: Impulse(1-2-3-4-5)+Correction Sequence Trading Plan: Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite. Exit -- at or near or in the target zone as shown in the chart. Stop Loss -- Invalidation point Good...

ravaye27

BIGGER PICTURE OF CRUDE OIL ---- ELLIOT WAVE CRUDE OIL HAS BEEN IN CORRECTIVE MODE SINCE JUL 2008. I HAD 4 HURDLES FOR CRUDE OIL TO BREACH ITSELF TO GO TOWARDS ITS LIFE TIME PEAK....BY THE TIME I MPOSTTING THIS...ITS ALREADY THROUGH WITH THE 3RD HURDLE..... CASE 1: IF CRUDE OILS UNFOLDS INTO MOTIVE WAVE SEQUENCE(1-2-3-4-5) AND ALSO BREACHES KEY LEVEL FOR BULLS...

ravaye27

OFLATE GOLD HAS BEEN MAKING LOWER HIGH AND LOWER LOW STRUCTURE...BUT AS PER ELLIOT WAVE....THIS DOWN TREND APPEARS TO BE CORRECTIVE STRUCTURE.....HENCE WITH KEY SUPPORT BEING NOT BREACHED....AND I SEE AN IMPULSE SETUP AT THE BOTTOM AS SHOWN....AND CURRENTLY THE DOWN MOVE IN PROGRESS COULD BE CORRECTING THE IMPULSE....BUT TILL MAJOR HURDLE IS NOT BREACHED WE CAN...

ravaye27

Of late DOW30 has been making higher high and higher low structure. Now with this backdrop Dow30 can make one more upswing as per the Elliot wave analysis after the correction sequence ends...as shown in the chart Plan A: one can try to go long with confirmation in support zone(30421-29946)...if correction sequence continues till support zone as indicated... Plan...

ravaye27

IMPULSE + CORRECTION SEQUENCE(W-X-Y) + IMPULSE + CORRECTION SEQUENCE NOW HAVING COMPLETED THE CORRECTION SEQUENCE.....LOOKING FOR ONE UPSWING ON THE UPSIDE

ravaye27

USD INDEX HAVING COMPLETED THE A-B-C CORRECTIVE SEQUENCE....ON THE LEFT HAND SIDE....NOW AFTER BREAKING WAVE B....ITS GIVING ONE MORE OPPORTUNITY FOR BULLS FOR THE LONG SIDE BETS....BY CORRECTING AGAIN ...THERE BY GIVING A LOW RISK ENTRY FOR BULLS....