Shivkumar600

Shivkumar600

Market has been coiling around the 3200 region for sometime now with not much steam left, it looks like wave iii in the larger wave 3, if this count is correct expect prices to correct towards the 2990/3050 region. This will also provide a good buying opportunities for those who missed out, markets should rally towards the 3400 which is also the all time high,...

Shivkumar600

23rd March - I had called for a bottom around the 2200-1800 mark and market did bottomed out at 2200. April 20th - After forming a base and a nice pattern i did mention about the possible levels markets could play out. Fast forward June 5th, Market sits at 3200 and stone throw from the all time highs at 3390, which is also the 261% extension. Wave 5 will take...

Shivkumar600

I spoke about a possible bottom on S&P on March 22, market bottomed on March 24 and has rallied despite all the negative news around. Wave 2 should be in progress soon and dips towards the handle should be bought for long term investments. Wave C of the crash can be seen as a complete five-wave impulse, and if this count suggests, then the crash is over and that...

Shivkumar600

Sometime mid last year i did mention about oil looking at the 10$ handle. Though i expected market to touch the 100$ before the imminent crash it turned around 75$ With market touching 10$ whats next. According to the the current 4 hour charts, wave 5 is now under construction and would have completed the pattern. Targets in the mid 30 seem likely. In...

Shivkumar600

I come across lot of articles and traders "predicting" the market. I too have not been spared by this question and get asked numerous times each day. My response is usually the same “I am a trader, I don’t have thoughts on the what the future holds for the market.” Most people have the notion that if they can predict where an asset class will be in the next...

Shivkumar600

Bitcoin is still trading below $8410, so there is no reason to change anything. The bears remain in charge as long as this level holds. Wave 5 will drag it to 2500-3000 handle

Shivkumar600

It took about over 3 years for markets to go from the current level to the 3400$ mark where it peaked. What is interesting is, it only took less than 3 weeks for markets the correct the whole rally. The Elliot wave showed a potential top around the 3300-3500 mark. I had called for a top around this region early Feb 2020 (please refer to article published in Feb)...

Shivkumar600

Why is gold crashing during the biggest health crisis and possibly the biggest economic crisis, where has the save haven gone. We have no idea. Let the journalists and the economists explain it. I prefer to focus on the fascinating fact, that somehow, the Wave patterns managed to warn of a possible top (please refer to the articles published between Feb and...

Shivkumar600

A very high traction zone, there is one last run before the market turning back. Is this the zone or have we already topped

Shivkumar600

The yellow metal dropped from a 7-year high of $1689 to as low as $1563. In other words, the best safe-haven lost 7.5% just when investors needed it most. Popular financial media attributes gold’s decline to profit-taking from traders. Had gold been rising, they could’ve just as easily explained it with the corona virus. Gold’s 4-hour chart reveals what we...

Shivkumar600

It has been a blood bath for the stock investors. Markets are crashing across the globe on fears of the corona virus outbreak. The S&P 500 lost 10.7% in the past four days. While the corona virus outbreak was totally unpredictable, the crash it “caused” wasn’t. The S&P 500 tech published on Jan 21 (refer to article published on Jan 21) before the market crash...

Shivkumar600

I had published this chart on 19th Feb.....market is near wave 4 ...we should now expect a deeper correction towards 107 before the bulls take over Its best to book profits and be on the sideline and wait for the markets to unfold and show a better entry

Shivkumar600

In my previous article, i did mention about a push towards the 1630 - 1650 handle and that it will be too risky for longs at this stage. The initial buy for the rally was at 1195 (check article dated 7th Dec 2018). With market successfully taking the 1340 handle, it was very clear that there could be a further surge in the market and 1650 - 1700 would be the...

Shivkumar600

Market has ticked all the technical tools and is near exhaustion, its still too early to get into selling mode but the market is itching to drop like a rock. I am waiting for reversal pattern and still maintain that the bull rally is over and we will see the bear market taking over for the next couple of years. 2100 - 1600 are levels for the market in the A-B-C...

Shivkumar600

Market could see one push higher towards 1630, but to be on the buy side is too risky considering the bear market is very much around the corner, to wait for reversal signal is the best option. 1442 is where (A) will end, with (C) eventually ending around 1222

Shivkumar600

Unfortunately market took out major resistance and will prove wrong to many bears over here, this is now very bullish market and we will be looking at the 120 handle before the larger corrective rally to the 95 dollar mark 110.28 was the major resistance and unless market drops below this on a weekly basis there is no need to ignore the bullish rally

Shivkumar600

lets see if this holds

Shivkumar600

the chart is self explanatory...wave 4 can start any moment....market is still looking to dive towards 107 before the bulls take over