rishiisal

rishiisal Updated 

There are multiple ways to look at nifty and the count above is also open to interpretation. The way I'm looking at this is, it is assumed that move from nov 2018 to jul 2019 is ending something and is not really 1-2 wave structure. Now that being said we have started a correction which look quite complex. It seem Nifty is forming a massive impulse. There are many...

rishiisal

Channel coincides with previous pivots from 2012 and with 0.618 Fib also with oversold oscillators suggest its a top. So just short it with tight stop, R:R is nice. BTW I'm bullish on GOLD for coming years. A retracement to Movings averages is a DIP, so position yourself accordingly.

rishiisal

Tell me why it's not possible?

rishiisal Updated 

Finally found a high probable count. If this works out, then we are in bear market for atleast 6+ months.Technical confluence like RSI Divergence, double top, Resistance, supply zone, denial at median line, soon Moving averages will reverse and EW count all in favour of BEAR. Also Price almost tagged median line. I don't see any long opportunity until 10900-10700...

rishiisal

Would you miss that trade? From 0.618 to -0.236 is a Algo play. Excellent opportunity to go long with almost 10:1 R:R. If we get true 3rd, then targets are significantly higher. This is a short term count only from oct19 low. So it might be possible that this impulse is nothing but impulse into the counter trend waves, because the correction we got before oct 19...

rishiisal

Really ? That Subdivision of the Impluses look so perfect and with that pitchfork it makes it look so beautiful. Only logical entry for bulls was at the Golden zone of 1st wave. Rest all correction in this uptrend is shallow landing between 0.382 and 0.236 Fib levels which is most likely retracement for wave 3's. Thing is that it looks good for Observation,...

rishiisal Updated 

Bears will hate it. Measure the 3 wave retracement in motive waves they are falling into most probable zone. Though the long term count is bearish but this look good say in symmetry, wave relation etc. Some thing seems to be completed here and there could potential of a motive structure coming. There are complex correction to found like the triangle ABCDE in 4 and...

rishiisal

I can see only a Short here with stop Beyond 0.65 fib. I like the subdivision. And also looking it in alternate way as 1 and retracement in 2. I don't trade NIFTY or SGX NIFTY just yet. Just trying to learn and put counts. So right now to analyse NIFTY or SGX Futures docent matter to me.

rishiisal

Green box is fishing area for long. Huge support with many technical confluence there. Can it be bottom? Only time will tell.

rishiisal Updated 

A Macro time frame look. This is by far most primary looking count for me. Looks like 3rd wave completed and correction of 3th is on the way, which is a giant 4th wave and can take months to resolve. The symmetry is beautiful and makes sense. The 5th Wave can even exceed until 2020 and can be fairly give higher targets.

rishiisal

After a 3rd Wave top a ABC correction is expected. In which 5 wave are coming down which gives A wave. 3rd wave is about finish in most probable zone which highlighted as green box, there are at least 3 technical confluences and probably there will be reaction in that zone to upside for 4th wave before finally rolling over to 5th. Maybe there is a opportunity for...

rishiisal

There is your Golden corner pocket waiting to be filled. Ongoing correction after motive Wave. If those Pivots hold there is 80 % probability of making to median line. Also there is algo target -0.236 is which gives R:R approx 12.5(According to my stop) which is should not be missed IMO. That green box is Perfect Technical confluence. Lets see if ZRX establishes...

rishiisal Updated 

If its gonna follow correction to to red box then we should look impulse to down side side with an algo target to -0.232 or it can be anywhere. Red box can zone to ladder shorts and stop above 0.65 is Good R:R. Current correction is is an large degree B wave in which there are ABC Sub waves.