Bulls getting ready for move to new ATH
Looks like, we could be getting 400+ UP move in NIFTY in form of corrective wave, which would form 'b' wave of down ZigZag move. There are no signs of bullish move yet, we just made new lows, Lower timeframe BUY setup is still pending before entering LONG trade.
Indian PSU banks index is looking more down before real buying starts ( Updates on this chart on monthly basis!!!)
Looks like we have last bearish leg remaining in GBPUSD to complete ABC bearish corrective wave before Up trend resumes in GBPUSD
Looks like we're in a complex corrective wave in EURUSD , there's a possibility of around 200+ pips down move before up trend resumes .
There's more than 100 pips on the offer in this last leg to the downside
USDCAD is showing bullish signs in this UP move with around 600 pips still left in the move. Combining Elliott wave, gives the answer how to follow the trend and find entry before the next UP leg starts.
Current price action in Nifty suggests triangle consolidation for more downside!!!
$EURUSD monthly chart suggests we might have topped after completing last leg of corrective structures . There are evidences which suggest beginning of down move namely, RSI divergence, Bearish monthly candle close, completed 5 waves to the upside, strong rejection after finishing 5 waves. Since there are lot of confluences for the down move, it's worthwhile to...
AUD Short - Next area of participation?