• WTI CRUDE BLOOD BATH Downtrend continuation – Target 1 – 12.11$, Target 2 – 4.87$. • Monthly and Weekly Candle closed below Previous low of 25.98 as downtrend confirmation • Weekly resistance @ 29.16 has been re-tested • Now it’s time for Fast Fall … Overall, Expect a single digit downfall target Regards, Ramesh R
Perfect Elliot Wave has been formed …. Is this is the time for Correction History : From 1 to 2 - .618 Retracement 3rd Wave has retraced 1.618 3 to 4 wave has retraced - .318 Finally 0, 1 & 2 is a same size of 4 and 5 wave Projection Corrective Wave … Expect a double top retracement with a strong Bears coming up.
Crude is expected to raise higher on Monday with US planning to buy. oilprice.com Overall Target for this week is expected to raise for 41.90 provided OPEX + gets into agreement.
Crude: Correction over and uptrend resumes Target: 72 Dollars
CRUDE OIL How does it work … Crude Follows a disciplined way of moving from one Swing to another Swing. Description of the History: • 3rd Oct – Started the Uptrend with a first retracement of .618 • 14th Oct – Gave a new high which is 100% retracement • 28th Oct – Gave a new high which is 1.618 retracement Specialty of this scrip is once it completes a new...
Its Time for Correction before it zooms uptrend again.
Morgan Stanley – In Progress of 5th Motive Wave Competition. Once Completed, we can see the reversal which is Corrective Wave.
0, 1 & 2 - .618 Retracment 3 Wave - 2.618 High 4 Wave Completed with with .236 5 Wave to be the same size of 0, 1 Projection: 5th Wave and Corrective Wave
Crude Uptrend 1.168 Retracement - Target (area of Supply)
Nifty @ Resistance, Sell Trent will start if Candle is not able to Close above 11700. The First target for Sell Trend is 11111 and Second target if it breaks it will be 10690.
Perfect Elliott Impulse Wave has been formed in the downtrend and below notes on History and Projection: • 0 to 1 – 0.168 Retracement • 2 to 3 – 1.168 extension of 0, 1 & 2 • 3 to 4 – 0.382 upward retracement • 0, 1 & 2 is same size of 3, 4 5 (as highlighted in Yellow) Now considering the Impulse wave have been completed, we may see correction in Natural Gas...
Nifty have formed H&S Pattern, the Short team target for downtrend is 11108
Presently Tata Motors in downtrend, the retracement has reached the Supply Zone and Area of Demand will be approaching Soon.
Travelling in a Channel in monthly time Frame, presently it is in correction and next target level is 80.
• Dax Index have completed Uptrend with 1.168 Fib Levels and Trend line Breakout • Now the Downtrend have started and in process of Retesting the Trend Line • While the re-test gets completed, it will form Head & Shoulder Pattern • Target for Downtrend Can be given purely based on 1st retracement
Adani Green – Travelling in Trend Line Presently in a correction, expect it to reach by December to reach 60.
Travelling within the Channel and Target can be considered for 235, if it is able to break the 235 Resistance, then we retracement of 1.161 will be second target.
• UK 100 Index Harmony Pattern Completed and already in downtrend • The Key Support Level 7407 has been broken and turned into resistance now • Retest is in process with 50% Retracement • Once retest done, the 1st target will 138% retracement and second target will be 161% retracement