WaveTalks

WaveTalks

Let Oil pull back in the range 47.20-47.40 with Stop slightly below 46.57 one can go long for targets 52.50-52.80 handle in the 5th Minor Wave from the Bottom@39.25 or wait for OIl to Cross above 49.35- which will confirm that 5th Wave has started -then look out for targets 52.50-52.80 Handle. Regards, Abhishek H.Singh, CMT

WaveTalks

As per last update - Natural Gas to move in the zone 3.100-3.150 - Awesome - we started moving. Currently Trading at 2.770- Just Take Care that falling trendline could halt this move so it is advisable to book profits close to the trendline & wait for further action- if trendline is pierced by NG then one can hold their longs or add new longs only above 2.910...

WaveTalks

HPCL--Pukes....Hurry Man..Below 1190....1160..Running.....Vow. Regards, Abhishek H.Singh, CMT

WaveTalks

Let the rising trendline be broken to get small short call may be till 380-382 levels but be careful- iv-wave is still running post going into 380-382 -wait for a bounce back to same 395-399 to fall again or if TS suddenly creates more pressure then probably -we will place 395 as the top.

WaveTalks

There it looks like a flat structure broken downside of the rectangular box..looks like running into iii? wave which shall complete 18.55$-161.8% which is the ideal measurement of iii-wave..post that there will bounce in iv? wave not to overlap i-wave (otherwise -we breach one of the cardinal rules of elliott wave-iv -waves cannot enter territory of the i-wave &...

WaveTalks

From Previous Update -"Gold- 1365$ was a key level for us go long if Gold could crossed that level..Vow ..Gold Slips as expected -Almost 30$..It tried going close to 1365$..1st Attempt was at 1364.1$ & Later Attempt was at 1361.5$..Vow It Slips..This is called magic of 1365$. Regards, Abhishek H.Singh, CMT

WaveTalks

UCAD can give us the first hint that this downfall is all done once it starts moving above 1.2835 - In that case it will run for its 5th wave & go close to 3rd wave top@1.3232. Either ways Momentum Indicators are losing their strength & ucad could be close to finish the current downfall. Regards, Abhishek H.Singh, CMT

WaveTalks

Since brexit in June 2016- I have collected so many question marks - as an elliottician. so bulls be ready to lose your Oxygen. Kindly also refer another update of "EU-The rise in EU@1.1335" Regards, Abhishek H.Singh, CMT

WaveTalks

The rise in EU is very choppy- we need to be careful as EU travelling in the zone 1.1330-1.1350 looks to complete complex pattern W-X-Y. Where Y-Wave is hovering in that zone in a choppy manner- whenever this happens- one has to be careful because once bears get into action-they will stop oxygen to bulls. Going Below 1.1240- It will confirm that EU is falling...

WaveTalks

Current Rate-1.3140 The fall from 1.3372 to 1.2864 will be retraced 61.8% in the zone 1.3180 to 1.3200 & there could be confluence zone of W=Y wave from bottom 1.2864 plus there is a channel if breaks downside -GU could start moving down in impulsive manner. Regards, Abhishek H.Singh, CMT

WaveTalks

Poking above 1.3070 & not staying above that level is a early trouble sign for cable bulls. So, It could travel 161.8% of i-yellow wave -which comes in the zone 1.2410--1.2425. Let me come back once it starts falling but do remember 1.3070 is the key level. Regards, Abhishek H.Singh,CMT

WaveTalks

Cable just poke above 1.3070 & Not holding is a trouble sign for cable bulls in coming session. I have an alternate -count which gets activated for downside trend incase cable finds trouble going above 1.3070 & sustaining. Regards, Abhishek H.Singh, CMT

WaveTalks Updated 

If Cable goes above 1.3070- Our current count shown will get active & Cable shall move up above 1.3070-key level to retest previous highs@1.3481(a-wave) else going below 1.2789- larger trend is down. My all posts goes on Indian Version- sorry for inconvenience -https:// in.tradingview.com//. Regards, Abhishek H.Singh, CMT

WaveTalks

One can trade rectangular box-if ICICi Bank goes below 236 for Initial Target Zone 225-226. Also one can take sell call going below 243 with yesterday's high as stop. Regards, Abhishek H.Singh,CMT

WaveTalks

Monthly Chart - An Alternate View on ICICI Bank -looks like Internally it might go & test the 'a-c"trendline between 195-200. This will complete A larger B-Wave Running Triangle. Regards, Abhishek H.Singh,CMT

WaveTalks

Going below 378- TS will be in pressure atleast for the zone -373-374 & if it goes below 373- d-leg shall get confirmed-giving us clue that "e-leg is in process". Regards, Abhishek H.Singh,CMT

WaveTalks Updated 

April 2015 was the crucial juncture for FTSE as well because it was putting multi-month top@7122...since then FTSE made a low@5768...This fall could be best placed as leading diagonal & leading diagonals are deeply retraced ...which we are currently witnessing...its almost retraced 80% of the fall from 7122 to 5768 in the form of complex correction W-X-Y?--Yellow...

WaveTalks Updated 

90 Points We Already Have Taken Profit --As per comment Section & The Oval Shape shown just below neckline.goes in previous update- -India Nifty--I am B.B. (Bulls Take Care). . There is an H&S Pattern which shall give a conservative target of 8480--8490...going below day's low@8545... This will add 140--150 points in today's session i.e.(3rd Aug 2016).... ...