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Elliotwaveretracement

NIFTY July FUT - Elliott Wave Analysis Greetings traders & readers, This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups. To learn more about the Premium trade setup (PTS). click the link below, www.mytradingcourses.com Now lets deal with the analysis in weekly time frame and just understand what is happening over there. We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently. The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time). Continued in our website and the same is free, www.mytradingcourses.com Feel free to ask for any clarifications through chat / comments in our website ( for instant response) and / or through our trading view Profile. If you feel that the analysis is worthy, please follow us on trading view to keep yourself updated with us & the markets. we need your support. Thanks for reading the article Regards, Dinesh. R Senior Technical analyst, LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NSE:NIFTYShort
by DineshKrishna
3
SPX - clarity emergesSPX rallied strongly in what looked like a giant short squeeze and broke the green line (see previous idea). Also spiked above the melt-up channel. So that only leaves 1 bear option and one bull. After the spike above the melt-up channel, it reversed strongly and now broke below it. Which is a bearish reversal, in my view. Lows at red "or 3/C" should be taken out before market makes another high above blue "2/B". My preferred count is in blue - a complex flat for a 2/B wave, with 3/C down to follow. In red the alt count is shown. What is interesting is that the cycles over at mcm point to an important moment reached in the o/n. The currently painted high at 75 ES and ~83 SPX will be hard to be overtaken. mcm-ct.com
FX:SPX500Short
by alx13
SPX - decision point approachingThe picture is still bearish following the Brexit crash, but lots of options on the table as of now. We have 3 waves into the lows, so the bullish option is that a simple a-b-c correction finished at the lows and now we should go up (I see this as the underdog as of now). 2 bearish options open now: - most bearish is a bear nest - a series of 1-2 waves which 3 of 3 coming once the current wave up is finishing - other option is for a complex flat wave for the 2nd wave... the red count shown. At the moment, I view one of the bear options as favourite. If the current wave finishes below the green horizontal line, it will be tough to say which one it was, but it wouldn't really matter near term since the lows should fall in both cases. The melt-up channel is interesting to watch for test of the up&lower TL in the mean time. Good luck to your trades!
FX:SPX500
by alx13
Crude Oil High Significance Elliott Wave Analysis hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed. so , after an intermediate downtrend for completing the X wave, the market resumes its upper trend to the areas of 55.12 $ For analysis below this degree, that is on daily time frame click here , Thanks for reading Feel free to contact us in need of any assistance Happy Trading Dinesh -senior Technical analyst LeadBrains FSL - www.mytradingcourses.com Trading education & training firm
NYMEX:CL2!
by DineshKrishna
2