selvamB

selvamB Updated 

Emerging wave 'C' of CORRECTIVE WAVE (B) has a target of 46747 (50% retracement of CORRECTIVE WAVE(A). UNLESS this is achieved , no further bullishness in BTC, NEXT wave will be ''C'' DOWN

selvamB

16000 target is not achieved, hence truncated 5th wave will lead a sharp sell of due to heavy long positions. So 16k is a nightmare for indian NIFTY. Possible targets given in the chart , I' ve used only one indicator(CAMERILLA PIVOTS) monthly target 15200 yearly 12200 enjoy bears, sell on peaks

selvamB Updated 

Even though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles. Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4, So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th...

selvamB Updated 

Earnings season will kick off S&P 500 index to reach the'' Y'' wave target of 4630 (W=Y) Before that it has to cross the hurdle of 4420 Let's see the price action in the coming week

selvamB

Whatever may be the result of RIL, NIFTY will make a new high of 16002/16020 on monday26/07/21 profit booking after 12pm will bring the index down, correction will start from 16000 for more time, shorts can be taken if it not hold 16066

selvamB

Based on s&p500 index movement on last week, There is a possibility of NIFTY to test 16150 next week, this is purely because of short covering rally as well as to finish the last wave 5 of the ongoing 5wave expansion(C wave). TRADERS can hold their longs with a confirmation of levels 15915,16090,

selvamB

For bitcoin traders,this chart will gives a good HOPE ,this is an ALTERNATIVE SCENARIO against my yesterday's post on BTC Long term trend; bullish 5th wave is on going(1,2,3,4 completed) SHORT term trend;bullish 5 th of 5th wave, to expand As per Neo wave time cycle 4 th wave ended on 23rd june A new wave 5 will emerge if the s&p 500 started to fall from12 th july.

selvamB Updated 

The period of consolidation at lower level started in BTC. Traders can easily make money in range bound market,since you know the two extremes. enjoy trading

selvamB

So far NIFTY managed to climb after any consolidation from last MAY 2020. BUT the rosy picture now is visible in todays price action.(09/07 Friday) the final wave of the consolidation(c5) is not a 3 wave abc correction as like c1,c2,c3 andc4. wave 3 of c5 formed as motive wave(more than 1.618*c1), hence it is a negetive bias (bearish) MONDAY 's (12/07) price...

selvamB

Today is the last day for bulls to keep this index at top, next wave of selling will begin from july 1 , the force of selling may increase with VIX BEARS READY!

selvamB Updated 

Historically NIFTY showed possitive clossing for many years, what about this june? Is it different? YES.... Read my simple EW chart with NW timing. It is obvious from the chart , when to take long or short ,with targets. (The power of EW forecasting) Happy Trading!!

selvamB Updated 

On going correction in BTC will ends this month, if it get support at 29920(A=E), BUY BUY Or else ? Dont short, wait for next opportunity

selvamB

Neo wave time cycle study gives me the confidence. weekly clossing on friday(06/18) is the end for corrective cycle 4/A. An EXTRACTING TRIANGLE pattern completed today gives additional cushion with stop loss Buying pressure and, weakness in gold and stocks will boost this crypto for 2 months for 4/B upto 51600 Levels given for long and shorts . ENJOY CRYPTO TRADING!!

selvamB

ENDING DIAGONAL OF 5 TH WAVE ENDED AT 4257. CORRECTIVE WAVE ABC BEGINS Wave "C"of ABC correction bring s&p 500 INDEX TO 4133 as C= 1.618 of A

selvamB

As mentioned in my previous post BTC testing its (B) wave retracement upto 38.2% of (A)43370 But the target for 'c' of ABC flat(B)is 41863 as A=C. Whatever may be , upside is capped by this week end . The next wave will be on DOWNSIDE wave''(C)'', targets given ENJOY TRADING

selvamB Updated 

With all odds absorbed NIFTY will make its landmark figure 16000 on 10/06/21 It is a simple ABC correction with C=1.62*A nifty will hold this level for day long so ,the TRADE PLAN is take LONG today (09/06/21)for profiting long calls. take SHORT tomorrow after 3.15 pm(10/06/21)and keep it for 3 days for 15450 levels

selvamB

Before any guesses by the BEARS the final climax rally in S&P 500 ,shoot up the index to 4300 by the weekend 11/06/21. BEARS should wait for a week.

selvamB Updated 

A text book correction WXYXZ(tripple zigzag)is undergoing in BTC. Bitcoin market is not matured like SPX, it is very easy to predict the next move using EW. wave ''Z',' the final third ABC correction is yet to complete on 10 th of june the minimum target of ''Z'' in daily clossing value is 30300(62% of wave''X'')