WaveTalks

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S-L (Short First - Long Later) Vow- Isn't that amazing when something moves as per the direction shown-

WaveTalks Updated 

Going above 131.47 -It will confirm that triangle is in place as per previous updates shown below.

WaveTalks Updated 

There is small change - I have done- the fall in "e" wave I was expecting to terminate above 1.2900 - looks like 5 wave impulse itself- so I am taking this as "a" wave of - e-leg Trading Strategy- Any move above 1.2930 shall indicate that -UCAD looking for zone in 1.3000 handle -which will give us b-wave & then we shall expect a fall in "c-wave" of an e - wave...

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As per previous post I had an opinion that it could be serious trouble below 1.2965- well UCAD started falling below that level & even made recent low@1.2906. At present trading At 1.2936 There is a triangle forming in B-(Blue Wave) - Result- We shall expect a thrust in the form of C-Wave Trading Strategy- Entry Long At current levels, but with strict stop...

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UCAD was picked up right at the bottom in the zone 1.2790-1.2800 I was bit bullish on this pair till 1.3290-1.3300 but no issues got a good move till 1.3150's- very close to my target zone 1.3156. But the recent session's move has shaken me- now going forward, we have to keenly watch whether 1.2965 marks is overlapped because as elliottcian it is one of the...

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Oil has bottomed in 4th wave@43$ as per my previous post From lows@43$- It looks we have travelled the first tranche, which could finish in the zone 44.65-44.77 where the 5th wave at minor degree shall complete 61.8% of 1-3 wave distance. As a good student of technical analysis- I still use my lessons seriously- one of the lessons I learnt few years back was...

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From the lows of 1045$ in Dec2015- we could be travelling in a ii - wave of larger 5th wave Ending Diagonal- The knee jerk reaction which was seen in Janet's Speech -could be 4th wave in c?- pink wave in a ii-blue wave-travelling upside & most obviously. There is a tug of war going between bulls & bears so one should be careful & trade once the market shows the...

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From previous update, At 47.35$ -I expected that we shall see some more correction downside till 45.50-45.70$ in c-wave of 4th Wave. We got that move exactly as expected but it got extended & even went below 1st wave top which is likely not permitted as it is violation of Elliottwave rules- 4th wave cannot enter 1st wave territory or 1st wave...

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Vow- As expected GSFC (Gujarat State Fertilizers & Chemicals) visits the box 71-73 from yesterday's gap down opening. Once we get confirmation that GSFC is looking to hold here & eyeing a bounce - we will be keen for GSFC's upside target Regards, Abhishek H.Singh, CMT

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Break below 8775 shall take Nifty in the zone 8745-8755-there it should get support-once getting a support look for a price bounce till 8800-8810. Remember Any Break Above 8820 will carry Nifty upside in new zone or else if it gets hurdle close 8810-8820 zone -one can take a small stop loss above 8820 for targets again 8745-8755. or Selling close to channel...

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If NG falls in the zone 2.785-2.800 -there it will retrace 38.2% & shall be ready for another up leg in the zone 3.105-3.150 target zone in final tranche.

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There is a channel resistance coming on the head of UCAD- so one should be careful- if longs then book partial profits & enter back again once channel on the upside is broken with strong momentum. Regards, Abhishek H. Singh, CMT

WaveTalks Updated 

Follow up from previous NG post- NG to move in 3.100 to 3.150 zone.. Internally "v?" -wave is divided into five waves of itself. In this move we captured above 2.590 to 2.825 where 3rd wave moved exactly 161.8% of the 1st wave which comes at 2.850. High was 2.850. If the count is correct - allow retracement in 4th wave in the zone 2.745 - where it shall...

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I am still open for last tranche in Oil which will surely play out once it crosses 3rd wave top@49.35..We took a buy in previous update with stop slightly below 46.57( Which was initial leg down from 49.35 high & finally there was a new low @46.40 Surely, Oil should not go below 43.52 (5 ticks below)- crucial support - Any turn Above 43.52 should considered...

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UCAD looks to bottom in 2nd Wave at 1.2858. Crossing Above 1.2927 shall confirm the same & it shall head for target zone of equality of 1st wave from lows@ that is the minimum distance it should travel which comes in the zone 1.3060 & 161.8% of 1st Wave comes at 1.3185. Regards, Abhishek H.Singh, CMT

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Looking at the price action- now we can tell that 3rd wave is unfolding. Objective or targets for 3rd Wave- 3rd wave could equal to 1st wave@1.3029 or can travel 161.8% of 1st Wave at 1.3156 Regards, Abhishek H.Singh, CMT

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Apologies, had issues with my computer- From Dec-2015 Lows@1045 - Gold could be forming An A-B-C Structure (Red Color). Red B-Wave looks like taking shape of Triangle (In Triangle we have orange waves A-B-C-D?-E?). Currently we are running in Orange D?-Wave of Triangle B(Red Wave). Trading Strategy- We are short from close to 1365$ & Put up a low@1321$....

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As per previous update- "Silver- The Box has broken- can it support the Gold's Fall"...Awesome Regards, Abhishek H.Singh, CMT