karagis75

karagis75

GDX rocket to propel as long 31.65 is held and looking for a target 45 within few months.. But GDX may test 31.65 line if it turn bearish due to any ... if u get that buy around 31.75 to 32.5 with strict stop loss of 2% since this is highly volatile and ride it till 45 with patience. If u are already long keep stop loss at 2% below 31.65 around 31 and ride till 45..

karagis75

SP 500 resistance at 2840 .. If able to cross 2840 then next resistance is 2884.. still it is only retest of the wedge which is already broken...

karagis75

USOIL if wedge break 12.21 is first target and if crude turns wildly bearish like Monday don't be surprised if it goes 5 to 6 dollars within a week for another test of 5 dollars.. Hoping if it breaks wedge downfall stops between 12 to 13...Always have 2 %of stop loss since USOil is so volatile...

karagis75 Updated 

SP500 would like to see 2500 after wedge retest . Wedge break down target from 2806 is around 2475 to 2500.. Always ensure to have stop loss 1% on any trade...2837 is stop loss

karagis75

Gold looking support at around 1642 . Looks like short term Neck line in hourly. Current trend in Gold is sell on rise .

karagis75

GDX wave 4 is in progress need to be retrace 30.8 to 31.5 and then fall towards 27.7 The B wave of Wave 4 is in progress and expected to retrace 50% or 61.8 or 75% (Between 29.88 to 32.22) If 27.7 does not hold please close your long as we can expect more sharper large drop

karagis75 Updated 

crude forming bull flag after breaking wedge on upside 33 to 35. As i said earlier expecting wedge to find support around low line of wedge and ultimately to break outside this wedge and eventually see a bull flag length is around 9 dollars and once wedge is broken Crude oil expecting target of 33 to 35 and unable to figure out timeline.. it might take few weeks...

karagis75 Updated 

Crude support 21 to hold on wedge looking fo 25 ...My view this wedge is going to hold and then slow rise to top of the wedge...Always keep 1% stop loss and stop loss around 20.70 for this long trade

karagis75

SP & 500 looking for 2880 and then correction .. 2880 is also start of Gap.. Will be interesting to see Gap will be filled but looking for a correction post reaching 2880...

karagis75

NIFTY might top around 9200 to 9400 in this uptrend next week after a correction may be rally further to 9970. But if i look at chart posted i am worried to see a bear flag right 11300 to 7511 (Pole Length).. and currently we are in raising wedge of that flag. let us keep us we don't want Nifty 8300 taken out on the downside.. else new downtrend will start...

karagis75

DXY looking short term bullish target 99.15 .. Breaking down support line from short term wedge on hourly

karagis75 Updated 

SPX broken on the upside of wedge now turning bullish .. We remain bullish until the flag break out in play or above wedge shown in the chart.. if bullish momentum on hourly continues 2700 -2750 possible next week. Our earlier bearish view did not get triggered.. that is sell below 2500...hence avoid selling at this moment. Always maintain 1% stop for any wrong...

karagis75 Updated 

DXY showing bearish pattern and heading to 97.25.. A top pattern seen in DXY .,,First sell target 97.255... but current bearish outlook look as if 95 can be retested in couple of weeks. Always set 1% stop for any trade to save your capital for the next trade.

karagis75 Updated 

GDX expecting 23 support to hold and a buy opportunity is there.. It looks like Elliot wave classical B wave is complete but i feel time correction is not yet complete.. expecting a support around 23 and possible bounce from there for short term.. expecting...B wave to conclude by Mid April ..Elliot A wave correction took 3 weeks and 1 day to complete.. and B...

karagis75 Updated 

SP 500 Forming a Descending triangle targeting 2380 -2390 on hourly. A break below 2500 confirms the down trend. Always plan to have 1% stop loss plan in case trade go against chartist view.. Watching closely horizontal support line 2512. Crude also indicating downside...

karagis75

Nifty forming topping pattern 7900 looks possible if Nifty breaks below 8457... This is support line which needs to hold for sometime.. May be next week looking a revisit of 7900 after breaking 8457 support.. Always ensure 1% stop if sell trade goes against you

karagis75

Gold showing minor Flag formation 1760 possible in short term .. Gold flag post from 1486 to 1646.. and broke the flag around 1609 and as long as this structure is intact 1760 is possible in coming weeks.. Always have a stop loss of 1% if trade goes against you.

karagis75 Updated 

S & P 500 pattern looks bearish . If wedge break down the target of 2186 to 2215 is possible depending where it break down. We need to be cautious if we are long.. Along please respect 1% stop loss if you are trader in this uncertain markets..