Companies set for a bumpy ride?? FTSE Flat CorrectionBritain has voted today to exit the european union. What will this mean for the top 100 companies? Looking at the larger context on monthly timeframe of FTSE, I can see a corrective elliott wave pattern known as a flat. If this count is indeed correct, an impulsive decline is on the cards in the coming years
What do you think?
Wavecount
Nifty 50 Wave Analysis Update 24 JUN 2016Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins.
As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level.
Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give possible reversal dates also.
Will UK leave ? I think GBP/USD is forming correction pattern "FLAT" and we are in the C wave of flat.
Expect sharp fall will coming soon. Is this scenario tell something about "Brexit" ? Who knows. Time will tell.
Trade with care.
Cheers.
USDJPY in final leg of a Flat correction. Buyers Beware!The pair has been trading in a corrective manner last few days in what looks like a textbook flat correction. Five ways can already be counted for wave C. After the completion of the pattern expect a decline in five waves taking out the low of 103.50
Buyers Beware!
NIFTY 50 Wave Analysis 20 JUN 2016As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also.
Wave Projections for next month - Nifty may surge upto 8420 and 8650 level as quick as possible.
Gold is creating a bull trapI think we are in wave B (strong B) and will drop to nearly 1225 after "brexit" vote.
Don't scare to buy back if gold drop to 1225. We will catch the wave 3 in the larger degree.
Copper Bottomed Out! Wave 3 Started!! Copper Forecast!!Copper has potentially completed its Wave 2 correction and started its 3rd Wave. We see divergence to complete the wave v of C wave giving additional confirmations of the bottom. One can go long on Copper at current levels with stoploss just below 2.00 figure mark and Targets around 2.43 as Target 1 and 2.75 as Target 2. Its a nice risk reward trade.
Happy Trading!!
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com
MCLEOD RUSSEL IN STRONG BULLISH TRENDAs per my analysis, I believe Wave 1 cycle (containing 5 impulse waves and 3 corrections waves, total 8 Waves) has completed and the buyers have moved in to take prices further up for a new wave.
It will be a Wave 3 impulse extension.
I believe it is a good time to get long in this one for all day traders, swing traders and investors.
Initial RISK/Reward = 1:2
Swing Trade: 1:5
NIFTY 50 WAVE ANALYSIS 11 JUN 2016As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week.
EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week 8087 - 8038.
Feeder Cattle - The ideally bottom for wave A seen at 130.78In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78.
Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to build (that would amount to something like 3 months). That will however, likely be only the first part of wave B, as a continuation higher towards 187.80 and possibly even closer to 201.25 should be expected longer term.
The clear divergence seen from the RSI indicator does confirm that, we are approaching the end of wave A and wave B can start soon.
It's time to close the long term short position and shift towards a long position.
Just a final word. Remember that correction in the commodity complex often is extremely violent. Just look at Soybeans and Soybean Meal.
Nifty 50 Wave AnalysisNifty along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market.
Reversal going to happen on 8100 to 8150 region.
C wave of HCL (Hourly) : Go Shoft after Trendline breakSimple Elliot wave formation and we can clearly see that Wave C is yet to form
The trendline marked offers strong support to price and if its broken a good downward move is possible in HCL Technologies Limited. Can bounce up on trendline touch so watch closely.
Check your stops and targets before entering the Trade.
For, Instant chart/Trade Idea updates Follow..
Hit Likes / comment your views...
Happy Trading !
ETH/ BTC - The BIG picture of current uptrendHere we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price.
We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
$NZDJPY Wolfe Wave Completion, 1-4 Target LineA bit late on this pair. But there is a clear Wolfe Wave set up. Will watch this for further updates and formations.
$AUDJPY Wolfe Wave Completion, 1-4 Target LineExtremely similar to the NZDJPY idea referenced below. A bit late on this one as well. Not the ideal set up but still a nice trade. 2-4 line has already been broken. High probability move to the upside.
EURUSD - Sell Limit Order EURUSD
Looking for a correction.
1. Bear Bat completion.
2. Wave 5 completion
3. RSI bearish signs
4. pin bar at resistance
2 TP shown on chart. I believe they are conservative targets.
EURNZD forecast based on the current wave countThis is just my wave count and the forecast. This is just the expected wave pattern and the future price points shown in the chart has no significance. Please comment on the chart if you are an EW and have a different count than this.
Thanks
CIPLA - "BUY" Medicine on reports As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.
Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
USDJPY Short: Wave-C Ending Diagonal at Crab CompletionUSDJPY has completed a possible ending diagonal at the PRZ of a bearish crab pattern. Ending diagonal target is confluent with the unhit daily pivot. Entry is placed at 1.618XA with SL above 1.786XA and target at Wolfe Wave target line and beginning of ending diagonal. Target also confluent with unhit daily pivot for 1/22/16.
AUDJPY "POTENTIAL" clasic wave 4 formationHere is a the potential classic wave 4 formation. This should thrust down out of the triangle and then bottom and reverse if the assessment is correct. In a classic triangle, each subsequent wave should not exceed the path of the previous wave. and the triangle itself should not at anytime exceed the previous wave 5 termination. There are numerous other triangle-like formations possible however this is the most common one to appear in the wave 4 position.
EUR/USD MAY BE IN A WAVE 2 TRIANGLE - WILL IT BREAK 1.1050The price action on the EUR/USD this week suggests a possible wave 2 "Triangle". Although more common in the wave 4 position they can form in wave 2 as well. It usually means the price is coiled up quite a bit and thrusts out quite strongly. The break of 1.1050 will be telling. If this does hold true then the chances are wave 4 will be a ZigZag ABC. Time will tell.
