Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.
Energy is very difficult to trade under present OPEC situation. Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%. Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure. Take your...
Finishing 5 motive waves. we are consolidation of Complex B wave towards 0.90 Trade your plan, Will update more on lower TF as chart progresses
Final 5th pending wave extends to 4.4 from abcde of 4 consolidation. Trade your plan
WXY formation is almost finished near 50% retracement. 138 and 140 are key levels for successive breakout.
On daily its forming assymetrical triangle abcde. Towards 2.75 and then I believe retrace to 2.2 for 618 fib of C impulse making primary X followed with pending y to 3.075. for completing final structure. Trade your plans.
Primary ABC finishes with 5-3-5 structure. print above 116.5 calls for strong buy towards 128 as third cycle wave.
Supreme Court bans BS 3 vehicles models for sale and Hero has inventory of 3.5 Lakhs to get rid off. This will prove as Catalyst for EW to finish its pending C wave.
This looks like potential larger ZZ ABC with B towards 52.75 and C towards sub 49. if you notice in lower TF, B looks very corrective in nature and not the impulse creating bear flag. yet manage SL above 54 as oil always overshoot the targets either sides Entry Price: 52.75$ SL: 54.5 Target: 49 or below
We broke the down channel to upside, I see target of 27% on fib towards 1.30500+ and then down fall might continue towards 1.15. Look for flag on lowerTF for buy entry
Gold is still in bull channel Making good flag Trade your own strategy Good luck
I believe we are in Corrective ABC. we have done amazing 2nd run towards almost 1000$ and I believe B is ending here and C down towards 430$ for more accumulation. It is still long way to adopt such blockchain technology commercially , but certainly many banks like BOA have started to have patents on blockchain and opens the gateway to future which is certainly...
Good B correction within ABC. fib target towards 1111 or beyond. Entry Price: $1137 Exit Price : $1110 Stop Loss : 1143 or whatever suits your money management. Happy Trading & Happy New Year
Amid all bottoming speculations and Rate Hike in 2016. Gold and Silver gave tough time to the Bull Speculators at end of the year by diminishing the bull story for almost 80%. For EW, it was expected, though it was quickfall even for them. I believe a long term traders should try to take small chunk of buy at $15.3 where I see the possible bottoming. I expect...
This another bull setup after previous AN trade of 1:6 RR If this played with right Money management can bring in lot of pips I will keep posting updates on Lower TF. Happy Trading
I believe that we may do pullback on daily or weekly chart but the bull is still intact for next 1 or 2 months as we have structural breakout from Consolidation and we are in midway of impulse (5th wave). My First target would be around 2435 you can take entry at next pullback around 2240 and target the 200 points up SL can be whichever is affordable according...
Pick 50% at the bottom of flag and 50% at break of flag. Happy Trading
XAUUSD Looks like expanding flat ABC in making. any extreme retrace also make valid pattern to trade downspike. by previous impulse and fib line, I suspect quick spike to 1144 atleast and then Up. Any thing below is dip buying. I do not call for short at this levels. just watch and do the dip buying. larger trade is upside.