WaveTalks

WaveTalks Updated 

If level 1.1015 ...& 1.1000 is breached we should likely see an impulsive leg down...which could be 3rd of 3rd Wave ....Red Wave 2?...is made of W-X-Y combination which took 9 trading days ---proposed top for Red Wave 2? shall be 1.1145--1.1165 zone...most important 1.1188 should not be broken in any circumstance...if EU has to move down...so, let us wait &...

WaveTalks Updated 

UPSIDE MOVEMENT IN EU SHALL COME ABOVE 1.1117...FOR THE TARGET AREA 1.1145--1.1165...

WaveTalks Updated 

EURUSD- WEDGE ACTION PART-4 (DON'T MISS THIS OPPORTUNITY)... As per the 5th July 2016 update -"EURUSD-let us be ready with wedge action"--the fall started@1.1186 ...ended @1.1029--I took it as 1st Wave (Red Colour)--then we had irregular shape A1-B1-C1...(B1-C1) was very volatile on account of nfp data released on 8th July 2016...A1-B1-C1 gave us W-Wave ...then...

WaveTalks Updated 

As per update -wedge action part-2----we had three trading strategies...out of which --we were suppose to go long or keep long unless 1.1015 along with 1.1000 is broken for downside slip....which never happened...I visualised that EU is forming double correction & even came up with range 1.1035--1.1045 for going long in EU...I cannot monitor complete night -that...

WaveTalks

EURUSD ...if goes below 1.1015 & also below 1,1000..We should look to trade these boxes ...Next Support in the zone 1.09250--1.09350...break of bigger box shall be even bigger short trades....Going below 1.1015...the 2nd wave is done...Let us be ready for action again & do not forget to flip your positions...this time short........ Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

From Last update--on EURUSD..below 1.1000--I am looking for targets 1.07000--1.07300 (Ist Trading Strategy).....It looks like this corrective pattern is forming double correction..as per earlier analysis it was A-B-C giving us 2nd wave but now I am taking A-B-C as W-Wave ...EU had a fall but did not go below 1.1000 forming a recent low@1.1015 so until 1.1015 is...

WaveTalks Updated 

There is channel which is running since 7600 & could give resistance to nifty's up movement which started from post brexit low@7927. Having said that, No one should directly jump into trade unless we get some confirmation. In my previous update's comment section -yesterday i.e. 30th June 2016--I said that once we start moving above 8266--we are going up again...

WaveTalks

It was little volatile again on account of nfp data released on friday 8th July 2016. We are done with the corrective wave & the zone 1.1125--1.1135....Made session high@1.1120 & dropped to close at 1.1048...Below 1.1000-I shall be looking for targets of 1.0710-1.0725 in 3rd of 3rd wave...Chances are high for a gap down opening. Regards, Abhishek H.Singh, CMT

WaveTalks

The Fall from wedge action in C-Wave...gave an impulsive down wave from 1.1185 to 1.1029...we are retracing back that move & time consuming affair before we start the downtrend again...retracement looks like taking a form of ABC correction where B-wave has made a low@.1053...I have been looking out for 1.1125-1.1135 zone where it shall retrace 61.8%of the fall...

WaveTalks

As per previous update"Nifty- Kissing the temporary resistance"--As soon as Nifty dipped below 8319--I Took Short ..but hardly few minutes --it made a low@8317.70 & started moving up at 8325..I realised something is wrong & immediately figured out that it could be irregular structure which is very tough to realise in running market -but did my best job for...

WaveTalks Updated 

GBPUSD is ready for another free fall...& Looking at monthly chart--which has never happened in 20-25 Yrs shall be taking place this time on floating exchange rate...I am looking for 3rd of 3rd Wave Down...Be Ready --This can cause havoc on world markets....India..specially...do not get carried away guys...3rd of 3rd wave has target of 1.1650--1.1700...Giving us...

WaveTalks Updated 

As per previous update-"EURUSD--3rd of 3rd Wave--I am looking for EU to top out@1.11855...We should put a stop above 1.1250-A tick above & can look to short...Initially look to book partial in the range 1.1070--1.1080 & re-enter if retraces back but surely it should not cross 1.1250...Going Below Rising Trendline & Swing Low will confirm downside action for safe...

WaveTalks Updated 

Since 24th June 2016 --After making a low@1.09119...Eu bounced back till 1.1188 & was travelling in tight range -without any significant movement which was expected on upside..in form of a-b(triangle) & c-thrust which was expected. EU spent almost 2 days & never gave the required thrust as expected. Eventhough it made a high@1.1154--I am not convinced with this...

WaveTalks Updated 

EU upside thrust was missing in Indian Session because ...If EU thrust would have happened in Indian Session...It would have taken Nifty along with it ...up..up & away...so Indian Markets Now Closed...EU to up thrust in the zone 1.1245-1.1260 ...Can stretch till 1.1330--1.1350...shall complete E-wave in larger triangle ...& then down move in euro ...likely if...

WaveTalks

24th June, on account of brexit effect...precious metals had huge rally starting from 1252$ to 1362$...This cycle is almost done@1362$- Post that we had a sharp fall till 1319--1320$ since then we have been moving range bound. we are very close to start an impulsive down leg once we break the red rising trendline where gold futures have been resting. once swing...

WaveTalks Updated 

Travelling above 1.1111...Euro should touch 1.1245--1.1260 to complete equality target & larger E-wave also to complete & later should fall....Regards, Abhishek H.Singh, CMT

WaveTalks Updated 

EURUSD--b-wave triangle can give upside thrust in c-wave to complete larger triangle E-wave & Post a Fall . In that likelyhood once it crosses 1.1111...It should travel equality distance as of a-wave which gives a target zone as 1.1245--1.1260. ... Important Support Shall be 1.0970 & post break of 1.091 shall confirm that Euro wants to go down...

WaveTalks Updated 

We Shall Look Out for a bounce in C-Wave to complete the correction for the fall from 1.1430 on Brexit Day... Likely the recent low@1.09840 to be intact & we shall look to buy with that stoploss for target 1.1225 & closearea.. The low on brexit day fall is 1.09119--that is our 1st Wave...from that low it bounced & made a high@1.1189 giving us a-wave & later fall...