selvamB

selvamB

As BTC's 3rd wave ended this month @67000, Now its time for correction for its 4th wave this may be sharp and swift (alternative to 2nd wave FLAT correction). The minimum time for this will be one year from now . set up your trade accordingly. when trend is bearish, Never attempt to buy for pull backs trades. Use Elliot wave analysis, Find wave ''C'' and Go...

selvamB

SLOW and ZIGZAG MOMENTUM in GOLD clearly denotes that underlying correction is going on. Wait for wave '54' completion this week and take your short position. WAVE '55' has potential up to $1450. CORRECTION in gold will continue till MAY2022

selvamB

THE RESULT season will make some extension(not beyond 1.618 of W)in wave ''Y'' EXPECT 55 failure @ 4533 or overshoot @ 4658

selvamB Updated 

Wave ''A'' completed as 3 wave as ZIGZAG subsequently, Wave ''B'' completed as FLAT. Wave''c1'' corrected above 38,2%of Wave'A' (minimum requirement of wave 'c') and wave c2 is yet to finish by 15th OCT If it halts at either4407 (61.8% of c1) or 4431(100%of c1) as per NEO wave logic we can expect c3 will unfold . Hence short positions can be taken below 4327

selvamB

We are at the peak of wave''Z'' having a target of 17998.80(not reached).PL streach the chart for full view. Weekly NEO WAVE counts will give you good EDGE in wave labelling,which in turn make your trading business healthy. Watch out for 5th wave failure @17906 (38.2% of wave 1) today ,if it fails 100% chances of directional change. BREAK DOWN LEVEL 17554 TARGET 15834

selvamB Updated 

NIFTY correction is not simillar to S&P500 correction pattern.(ZIGZAG) Here wave''B'' extended beyond start of wave''A'' which can turn into IRREGULAR or EXPANDED FLAT correction. This is confirmed on friday's price action( Y>1.618 *W). Expect a flat ''X'' wave for three days upto 17628 and take a short position on 6th OCT 21, to profit on short side when...

selvamB Updated 

The most anticipated correction began on 7th sep2021 initial wave to unfold is zigzag in nature for quick profiting by BEARS 2 days recovery can give you a long opertunity ,but bears will hold the grip This will go till this month end upto or exceeding the level of c54(4232

selvamB

S&P 500 INDEX correction boosts the sentiment of BTC to unfold its fifth wave expansion. watch the bullish 5 th wave having targets of 52555 and 60575.Before 25thOCT'21 IF IT BREACHES 64895 ,WE HAVE MULTI YEAR 5 TH WAVE EXTENSION

selvamB

SGX NIFTY which is traded based on our indian NIFTY, will give you an ADVANCED movements before our market opens. This will give traders an edge to take or quit positions ,sometimes loss of sleep also! Elliot waves should be drawn as per cash markets(as per Glen neely) But there is nothing wrong since this future is the mainly traded by matured participants unlike...

selvamB

The ongoing recovery wave(Not impulse wave)Labled as W,X,Y,X,Z The interesting part is, wave 'Z' should be less than wave'W' for the end of Recovery(4/B)as triple ZIGZAG But wave'Z' is more than1.382 times of wave'W' but less than 1.618*W. This situation has two chances i) Either WAVE 'Z' completed(since C<1.618*A) OR ii) formation of expanding triangle in...

selvamB Updated 

A simple Elliott wave corrective structure(A,B,C) having a target of A=C= 4613 is about to achieve this week. Several times I expected (without confirmation) s&p500 to fall in AUGUST BULL waves will end after forming an ending Diagonal which is nearing to complete. My previous counts(bearish) are criticised ,BUT NO ONE expected this recovery wave had such an...

selvamB Updated 

As the present wave is either '4/B' or 5th wave begining, the confirmation will be known when BTC broke the ''X'' wave resistance @ 59600,before this month end(29th sep21), until then Enjoy BULLS!!

selvamB Updated 

BTC has completed its wave 'A' of 4 th wave @ 28600 On going wave'B' will peak out near 50000 or 50300 before this month end. pump, pump on dip is the idea now

selvamB

Using my vast experience in Elliot wave labelling, I charted a super cycle count for NIFTY INDEX. NIFTY Completed its 5 legged 3rd wave and extended its ''B'' Wave recovery(Running flat correction)to16700 A five legged wave 'C' of WAVE ''4'' will bring the index to minimum 38.2% to 11300 before April 22 and oscillate up and down till July24 We have more time to...

selvamB

Revised analysys (always good in TA) some times gives good counts Hope the triple zigzag combo WXYXZ completed @ 29296 will be the end of 4 th wave (sharp and swift always) The emerging wave resembles like WAVE 'B' is crossed more than 50% of 4th wave fall which is a bullish confirmation signal support @ bullish trend line is a good sign of buy Correction in stock...

selvamB

Elliott wave correction rule(ZIGZAG) says that , ''C'' wave will move either 1.382 or 1.618 times of wave''A'' Any upmove will be POSSIBLE only if NIFTY crosses 16709 (1.382*A). Tempting to short the NIFTY will be dangerous since it has the potential to go 17720(1.618*A). Then what is our trading idea? Lets wait for bears action ,until 16107 breached no positional shorts.

selvamB Updated 

ON GOING 'Z' WAVE ENDS W=Z AT16406 This has to Breach for bullish count, Otherwise EXPECT FIRST WAVE OF CORRECTION ''A'' WILL BRING NIFTY TO 15000

selvamB Updated 

More than 5 days what the BULLS are doing there near GREAT RESISTANCE 4440(A=C) Profit booking before a swift selling? or Adding shorts by bears? BEARS will win below 4372