NEoWave-Chart

NEoWave-Chart

The SSE Composite Index, the primary index of the Shanghai Stock Exchange, reflects the performance of diverse companies across various industries and serves as a gauge of China’s economy. It is calculated based on the market value and stock prices of these companies. According to daily Cash Data (1D), the SSE Index, after a 36% rise from September 18 to 30,...

NEoWave-Chart

We can almost say that 4800 has been touched and given that the downward movement was very fast, this wave is most likely the A-wave of a triangle and the upward waves that are forming after the 90-day suspension of the stalls are considered as a corrective wave. Previous SPX Analysis

NEoWave-Chart

1M Cash Data Chart Based on the price size of wave-B, it appears that a flat pattern with a regular wave-B is forming. In this pattern, wave -C typically retraces the entirety of wave -B, though a flat with a C-failure may occur at times. Our primary scenario suggests that wave -C could conclude within the 1000–1200 range, indicating a flat with a C...

NEoWave-Chart

While many analysts thought that the NIFTY50 correction was over, the index is still moving towards the specified targets. The reason I did not update the index was that we had not yet received confirmations of the end of the correction. It seems that the minimum target for the NIFTY50 index is the same number as I mentioned earlier and after reaching the target,...

NEoWave-Chart

#SPX Upon observing the 6-month cash data of the S&P index, it becomes clear that this index has reached significant resistance levels. However, it is still too early to proclaim the beginning of a major correction in this index. That said, it can be anticipated that a potential price correction might extend to the range of 4800 to 4500. When comparing the wave...

NEoWave-Chart

On the 2H timeframe, the recent price correction appears to be a diametric one. When a Diametric Zigzag forms, it usually forms a combination pattern, so we consider 2 scenarios: Scenario 1 Diametric wave-(g) ends in the range of 21050 – 21473 or even higher and the upward movement begins Scenario 2 a- Wave-(g) continues to the range of 21050 – 21473 and...

NEoWave-Chart

In the previous analysis, I said that we seem to be in wave-(e) of D. We considered wave-D as a diametric, which seems to have ended with the drop in Bitcoin price and we should consider the diametric to be over and change the labeling a little. Currently, considering what happened, we have two scenarios: Scenario 1 In this scenario, if the Bitcoin price is...

NEoWave-Chart

In the previous Toncoin analysis, I said that TON is in a long-term upward trend and is forming a triangle, but considering that the last wave moved more than we expected, the analysis needs to be updated. Looking again at the chart, we conclude that the long-term trend of TON has not been violated and will continue, and we can consider two scenarios for the...

NEoWave-Chart

The PEPE currency first rose to 0.00000437 and then its price correction began. The price correction of this currency was in the form of a Reverse Contracting Triangle. Then, a good demand for PEPE was formed and the price of this currency grew by 873% and again we saw the price correction of this currency in the form of Contracting Triangle. Considering that...

NEoWave-Chart

it seems that Toncoin has a special interest in the neutral triangle and constantly forms this pattern in the chart. Currently, we seem to be in wave f of (D) neutral triangle, and after reaching the price of 7.361, we will see a price correction to $6, and then Toncoin's price growth will begin. I have a special interest in Toncoin and I think it will shine a...

NEoWave-Chart Updated 

In this scenario, gold has completed a reverse triangle pattern and is ready to grow. This scenario is confirmed if the price can cross the beginning of wave (c) in less time than the formation time of wave (c).

NEoWave-Chart

Scenario 1: Gold is forming a diametric bow tie pattern and we are currently in wave (e) of this pattern. The diametric pattern can end at $2200 and then we expect the price to rise above $2400.

NEoWave-Chart

It seems that the market is forming a diametric pattern that we are currently in wave (D) and it is not yet completed. Wave (D) will probably be a neutral triangle pattern, wave d of this triangle is almost over, but it can move up to $2206 and end. It seems that 2024 will be a good year for gold and those interested in it . Good Luck

NEoWave-Chart Updated 

Nifty 50 seems to be forming a diametric pattern which is targeting 20708. Currently wave (e) is being completed and after that we have to wait for a decrease of almost 2% in the form of wave f and the upward trend of Nifty 50 will start again.

NEoWave-Chart Updated 

It seems that Bitcoin will not behave like it used to and we should continue to see the price drop. Bitcoin seems to be in the process of completing the elongated flat pattern and is currently in wave C. This pattern indicates that the future correction of Bitcoin will be a triangle.

NEoWave-Chart Updated 

The EURUSD chart in the weekly time frame seems to show a diametrical pattern, which is currently completing wave (E). Considering that the wave (E) itself is a diametrical one, probably more time should be passed before the movement of the wave (F) starts. If the price crosses the resistance of 1.24369, the analysis is no longer valid

NEoWave-Chart Updated 

After the sharp drop in price on Thursday and Wednesday, gold was able to return half of that downward wave, and it seems that in the short term we should wait for the formation of a triangle pattern with the target of $1946-1947.

NEoWave-Chart Updated 

Currently, the price is in the 4th ending diagonal wave in the form of a diametrical pattern, so we should be ready to start the wave (g). After that, the price will probably go down again to 0.85912 to complete the ending diagonal pattern.