Nifty Wave Count Update and Price ProjectionHello friends,
After C truncation - impulse started and yesterday we got 1 more confirmation of channel breaking.
Here I am posting approximate target of all impulse waves - it is not definite it is approximate
spot nifty
entry
18049
stop loss
17870
exit value
180404.85
Wave 1 = 10 hourly candles
from 17761 to 18049
Wave 2 = 6.2 candles
17870
wave 3 = 16 candles
18627.88
wave 4 = 6 candles
18116.85
wave 5 = 10 candles
18404.85
This is an estimate - subject to change
Neowaveanalysis
BTCUSDTPERP DOING LAST WAVE? The C of Zigzag and end the winter?From the breaking down on earlier November, The price was in correction around 1 months and few days, Look like the price almost choose its direction, The small x wave of c in wave B of bigger Zigzag looking good, but wait the price breaking the channel and retest (May noy retest), Then enter short position, First target price will be around 12,460$, careful before entering.
BINANCE:BTCUSDTPERP
Neo Wave Learner doubtWhat is the difference between projection overlapping and "obviously different in price and/or time" in NEO Wave? In Pre-Constructive Rules of Logic, Rule#1, Condition_b, Paraghraph_4, it states "If part of m2's price range is shared by m0 and m3 is longer and more vertical than ml during a time span equal to (or less than) ml and m(-1) is shorter than ml and m0 and m2 are obviously different in price or time or both and m4 (or m4 through m6) returns to the beginning of ml in a time period 50% of that consumed by ml through m3, a 5th Extension Terminal pattern may have completed with m3; add ":c3" to ml's Structure list."
Here, m0 and m2 should share price range, which means projection overlapping, at the same time, it is mentioned, m0 and m2 should be obviously different in price&/time.
Experts please help..
Also, Mr. Neely mentioned, "m1 is longer than m3" in few other places, does the length means, by means of distance between 2 price points or by means of time distance or should i consider a multiple..
Does Gold doing wave C? part 4According to the previous idea, Gold doesn't break down and make a new low, But the price was reversed instead. For a bigger time frame, it looks like wave B was Truncated, about (c) target should be around 1774$ (138.2% of A), To enter Buy/Long position, wait for the price action TF 1H - 4H or EMA50 or anything else, Do not Sell/Short until the market structure of uptrend gets destroyed.
OANDA:XAUUSD
First short gold, then short goldI mainly use NEOWAVE for this analysis.
Based on the time frame (TF) I consider,
GOLD is now doing a corrective wave (B) after it completes the non-standard correction wave (A).
At the time I am writing my analysis,
GOLD has a strong decline, after the label c, which is a good timing for shorting.
However, there is also a considerable possibility that the wave B is not yet complete,
by considering the current wave as the wave x of the non-standard correction, with target price (TP) at 1780.
Nevertheless, I would say that the short position is still a better bet for GOLD at the moment.
My first TP is 1746, whereas my second TP would be at 1742.
Please kindly note that this analysis is NOT A FINANCIAL ADVICE .
Good luck!
Does MATICUSDT are in new bull run?From what I already labeled, If 2-3 months from now, The price doesn't go up, meaning it dosing a large X wave if something else, If the price goes a downtrend, It may do wave C of a big Zigzag, If the price still in an uptrend, Meaning I count wrong and need to recount
BINANCE:MATICUSDT
#BTCUSDT SHORT🔹Bitcoin is forming a very complex correction here so you can label this part of the chart in so many ways but still don't get it all right.
🔸Nevertheless, we expect Bitcoin to form Wave C of this flat pattern in the next couple of weeks (We will finish it by the end of November) and start a very strong downtrend toward the old below. Target zone for this wave is between 17200 - 15000. As we move forward, we can update the targets more clearly
Does Gold doing wave C? part 3According to a previous post, Seem wave A may be an X wave, and the b correction was finished, So the bigger picture may be a Zigzag, To enter the Sell/Short position wait for the breakout/pull back, Confirm by price action (If I was correct, The price should go further to 1562$, the normal Zigzag target, but truncated can be happen too.)
OANDA:XAUUSD
Does Gold doing wave C? part 2According to the previous idea, After the price reached 138.2% of a, The price makes a reversal pattern on TF4H (plus MACD doing bullish divergence in TF1H), So I decide to enter the 1st Buy position. (For now moving SL in front of EP, Risk = 0), To enter the 2nd position, Waiting for the price action around the end of wave b (Continue pattern, plus bullish divergence in a smaller time frame like 15m to 1H or wait for a breakout), About the bigger time frame If price going as analyzed, The target will be around 1771$ and should be reach around 15 to 22 November.
OANDA:XAUUSD
Does Gold doing wave C?After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the most important information)
OANDA:XAUUSD