WaveTalks

WaveTalks

Updated 

GBPUSD is shaping out triangle -in which d-leg has started but could be confirmed if 1.4365 level is taken out fast & going below 1.42979 shall make the bearish case even more stronger . If that is not the case & one think that GBPUSD is bullish-it has to take out 1.4469 but that is not going to change the overall structure which is bearish triangle & shall be...

WaveTalks

Updated 

Nifty turned around from same resistance of 7980 which it did last time as well & slipped 1000 points to give us a low@6825. Yesterday again 7980 acted as resistance & any move below 7875 - Intraday bears can take short position with day's high as stop. Bulls should be extremely careful as Nifty slipping below 7840 on daily basis can be trigger for market. As...

WaveTalks

DX (Dollar Index) – Can it spill out the beans for India Nifty. (This technical story connects you to GBPUSD-cable, USDINR & India Nifty). Since 2011 March, DX has travelled in an impulsive manner till March 2015 & since March 2015—it has been travelling into consolidation mode & appears to be shaping out a triangle pattern who’s C-leg is done. So, any movement...

WaveTalks

DX (Dollar Index) & GBPUSD (Cable) connection- Since 2011 March, DX has travelled in an impulsive manner till March 2015 & since March 2015—it has been travelling into consolidation mode & appears to be shaping out a triangle pattern whose C-leg is done. So, any movement above 95.50- could show us the way that D-leg has started & shall travel atleast 98—98.50...

WaveTalks

As per monthly chart we are having ABC...A-leg started@2.1161 in 2008 and ended@1.3502....B-wave was W-X-Y structure which had Y-wave ended@1.7191 finishing B-wave & currently we are moving into C-wave....In C-wave- we are into 4th of (3)rd wave...Let us not get confused because I am talking from point of elliottician. What matters is where are we & how we are...

WaveTalks

Updated 

Short below 108.98 for targets 108.75—108.78-------Target booked@108.83 (15 pips) ---Updated in FAILED FLAG PATTERN TURNED INTO PROFITABLE TRADE Short below 109.30 for targets 109.05—109.08-------Target booked@109.08 (22 pips) ---Updated in “are you ready for the show” & Target achieved as “…22 pips..Bang On... perfect picture”. Long Trade slightly above...

WaveTalks

Updated 

Bang On...110 pips booked ........vow ..A great gift ...from Lord Hanuman (Monkey God) on this auspicious day of hanuman jayanti....from earlier updates ..suggested that we should not miss 109.18--109.20---109.30--109.40 zone ...we are looking for explosive move up in the zone 110.40--110.50...Up..Up...& Away...Take Rest & Enjoy for further updates. Regards,...

WaveTalks

Updated 

Hope so..every one bought UJ in the zone 109.30--109.35 ...which i mentioned in morning report -possible zones for adding longs... Look it took the support of channel exactly which was drawn since morning....If this time it crosses 109.85 which will be profit taking spot or if it crosses we will ride the dream wave ...going beyond 109.90 --Can you...

WaveTalks

Is it some kind of dream....3 legs back to back ....1st target booked@109.55 from 109.80's...then long in 109.50's for up push & kissed 109.75.....Then short again in the zone 109.78--109.80 ...Vow ...It slips to hit the low ...109.41--(30--35 pips again) Total pips for the day = 25 pips + 15 pips + 30 pips = 70 pips

WaveTalks

In Bank Nifty Update- Bulls be careful....It was updated it could last leg up & going below 16300 shall confirm the same...What happened today..how rats run away when there is fire..same with bank nifty..cracked 120 points & if it opens gapdown sustains gap down that will be an example of island pattern and gap up of earlier days getting filled will signal an...

WaveTalks

Updated 

We make another 15 pips booking in between 109.55's to 109.74 as expected in short term retracement update & now final leg down again in the zone 109.45--109.48 to complete 3 waves as expected. Vow

WaveTalks

Just missed the zone of 109.45--109.48 as expected in update-"short term retracement" ...made a low@109.51...24 pips in the piggy bank...Enjoy Regards.

WaveTalks

Nifty yet turned around from resistance 7980 which was key resistance since so many months going below 7875 -bears will take control ...for 3 days Nifty opening gap up & not sustaining the gap even for hour or so gives us clue that we could be close to exhaustion in current up leg. Bank Nifty has started showing some weakness sign so bulls be careful Once Nifty...

WaveTalks

Updated 

If pair goes below 109.75--one could take short for targets 109.45--109.48 which is 38.2% of the current rally from 108.76 to 109.89 & look for up push & then a fall again in 3-waves making some decent profit as shown in chart for short term. Remember 109.89...one should be long. Regards

WaveTalks

108.74 is the crucial level-so keep on booking in between pips with larger uptrend intact & could even extend also. currently, we are at 109.70's looks like correction is unfolding if it overlaps 109.48 without crossing 109.90 then one should wait for retracement zones like 109.45 -which is 38.2% ...109.31--50% & 109.18--61.2% are possible levels if this current...

WaveTalks

Updated 

As previous updates - 108.74 crucial level discussed yesterday gave us buying opportunity & we are good in pips. The rise from 108.76 looks impulsive & If crosses 109.32 could be opportunity to add longs & going above 109.48 can give us confidence for bullish scenario. Regards

WaveTalks

Updated 

From previous update- 108.74 crucial level was identified yesterday itself & if that would have broken -we could have seen the drop in USDJPY....but the pair has something else in the mind..made a low 108.76 & took u-turn currently trading at 109.20 ...That's how you should read within the lines from my previous updates...Trade with care. Regards

WaveTalks

Updated 

Bang On...we reached 109.04 as expected in the update@USDJPY--110.15--110.20........................We took short once 109.30 breached downside booked once 109.13....again entered @109.22....this time booked exactly@109.07 between the range 109.01--109.08....Current Low--109.04 .. In my piggy bank: Total Pips Profit--(109.29--to 109.13= 16 pips ) ...Short...