Nifty Forecast - More up correction then down.Nifty might correct a bit on the upper end first before falling down once again. Watch the chart for directions.
Happy Trading!
Prowaveanalysis
AshokLey Buy Setup!!Ashokley is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
GBPUSD Buy Setup!!GBPUSD Retested the Upward Trendline and started to move upwards. I would expect the pair to go higher from here as First Targets around 1.3075 and Second Targets around 1.3250
DOW Short Setup!!DOW is giving a short setup.. After giving the decline from its highs the retracement was in a 3 wave and therefore it suggests that DOW will go down further towards the first targets or 17750.
Happy Trading!!
Crude Oil Can Potentially Go Down Again!!Crude Oil after giving the first round of declines has made an corrective upmove in 3 waves which has reached wave a = wave c levels and we might potentially see another round of declines towards 34 to 32 levels in Crude Oil to Complete the Correction of the Larger Up move from 26 levels to 42 levels where one can Buy Crude Oil again.
Happy Trading!!
Siraj Hudda, CFTe
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