Elliottwaveanalyis
US500- Will it drop & help India Nifty for Wave-Y? DownSP500 / US500 has been all messy & choppy -if upside rally stops in 3450-3475 then we expect down move with initial halt close to 3300 level & dropping further can take it to 2935-2950
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NASDAQ 100 - Head & Shoulder at the top-12440 High (Bearish Outlook)
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MCX Gold - Triangle Evolved into Ending Diagonal (Possible Scenario)
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India Nifty Market Commentary
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India Nifty was struggling to move above 11900 post-gap-up move & whole of the session was all up before dropping sharply in last hour might be showing its intension that domestic & global markets all may get ready for a move towards south.
India Nifty has moved up recently as X-Wave (10790 to 11905) -looks like an irregular correction & could be heading down in Wave-Y if holds below 11870/11880 zone
India Nifty -Last Idea Published
EURUSDBased on my EWC we might expect a correction of wave 4 minor degree. We might see a triangle taking place or else an abc or complex correction. If you got any questions please do not hesitate to ask me. I am verry happy to help.
Thanks and let me know what are your thoughts!
EURUSD - Preparation of terminal thrustCurrent scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the currency pair is likely to take a support near the level of 1.1800 which will form the wave - e .
After the completion of wave - e there will be another impulsive terminal thrust to complete wave (v) of 5 .
#FB New HighsNASDAQ:FB
Waiting on news and hype to break the highs. Count supports it. Position yourself for a break to the upside.
#SPY #SP500 Too good to be true?OANDA:SPX500USD
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
Waves 1, 2,3, 4 and 5 of an ending diagonal always subdivide into zigzags.
I see zigzags within wave 1,2,3, and 4. Invalidation level at wave 2.
#DXY to #SP500 #SPYTVC:DXY
We are back to Chinese trade tensions with Chinese companies possibly to be delisted from the NASDAQ and Hong-Kong protests back on.
If we want to see a pullback on US indices, I am convinced this will depend on the USD. The demand and surge of it will mean pain for equities.
With that said, I can see 5 waves to the upside in micro degree to complete a corrective structure before lower lows.
Complicated to see this five wave rally breaking March highs given the count and also the undoubtable final stimulus package.
#NASDAQ keeping me bearishCURRENCYCOM:US100
Current count holds on to the possibility of a relatively short to medium term reversal.
Last move, if true, should NOT go past the 1:1 ratio of submicro wave 3.
This is to satisfy rules for a contracting ending diagonal.
Submicro waves must be 1>3>5 and 2>4.
Count invalidation at ~9640.
#NFLXNASDAQ:NFLX
Pulling a fibonacci retracement off of a high price made in extended hours and really like the sell action right at the golden pocket.
High risk play but a really tight range here, 400 puts 1 week out.
#SPY #SP500 UpdateAMEX:SPY
Correction well in progress.
In my opinion, this might turn out to be a more complex and deep correction.
That is because discussions of the next stimulus bill may not resume until June.
