JigneshDavda

JigneshDavda

The pair has been in a large range of the last few months - typical in summer trading. Strong resistance in the pair comes in between 1.1390-1.1465 which were previous swing highs showing confluence with the top of a mostly sideways channel. Rallies to 1390/1400 offer good shorting opportunity for a move to the bottom of the range sub 1.0800

JigneshDavda

The updated 15M wave count shows the cycle from 117.56 has now completed as circle wave w We have already retraced in circle wave x to 113.23 - and are expected to start circle wave y. Invalidation for this view comes in at 113.23

JigneshDavda

GE looks like it is consolidating, however the Wave count shows it remains within a bearish trend. The first big leg down from 27.30 to 25.50 has been marked as wave (A) and now looking for wave (C). Wave (w) gives a strong indicator that we should still see another leg lower, offering an excellent sell oppurtunity at 26.21 for the next leg down. Breach of wave...

JigneshDavda

The updated wave count shows AAPL has potentially completed an upside correction, and can turn bearish from current levels once again. Key levels are 117.56 for wave b, but more importantly, a breach of 120 -wave (b) invalidates the count. There is an alternate count in place that shows the entire move down completed from 134 highs.. A breach of 120 will...

JigneshDavda

The Wave count from 134.30 indicates the move down in AAPL has just started a new leg. Conservative targets fall at 95. Resistance comes in at 116 - right where we are expected to gap up today, Price can reach as high at 17.50 in this leg to complete wave b, and view remains valid while trading below wave (b) at 120

JigneshDavda

A follow up from a previous post suggesting a strong sell. (linked) The upside pull back here has been accompanied with strong momentum, but sellers have stepped in at an important area and have defended. The rejection came in from a confluence of previous resistance & top of channel, confirmation by bearish engulfing candle once closed. The area also marks the...

JigneshDavda

The pair is showing signs of struggle here as some key areas come into play - 50% Fib - Top of Channel Formation - Whole number 1.1150 - Potential down trendline

JigneshDavda

GS has been nesting for a big move down according to the wave count The last leg down from $208 marked (b) on the chart has completed. Looking for wave x @$206.50 to hold price to the upside, As we move lower in the second leg of a double correction to take out lows towards $195 Breach of upper trendline invalidates count

JigneshDavda

GBPUSD has completed one downside structure to complete wave (A) Currently pulling back in Wave (B) - price can reach as high as 1.5670 before turning. Count suggests remaining on the short side while trading below 1.5690 for a move towards 1.5100

JigneshDavda

The 5Min Wave count shows we have one more leg lower in a double corrective structure. Invalidation would be a breach of wave x highs @ 6605 Likely targets fall at 6550 previous support area

JigneshDavda

GBPUSD is in a complex corrective structure that is not commonly found on the charts. The 4h count here, is identical to the daily upside structure, which gives it more conviction. Common with this type of structure, there is still a bullish outlook on this pair, as this next wave unfold, market psychology should start to shift to an extreme bearish view.

JigneshDavda

NZDCAD has been in a long term uptrend from 2009, but my wave count shows that the pair has completed the upside structure. Currently the pair is in it's Y leg down. The smaller tf's indicate the B of Y is in place, but there is a possibility it can extend one leg higher. Break of 8357 Lows will confirm C of Y is in place

JigneshDavda

The Downtrend in EURCAD that we've seen since mid 2014 has seen a sharp rally since April of this Year. We now see the pair retrace to the deepest retracement, the 88.6% fib. There is still a possibility, that the last leg in this correction turns into a double corrective structure, we often see that in alternation. As well the first leg had shallow retraces...

JigneshDavda

Posting this just to show that EW works on ANY Time Frame! Let's see if the analysis is correct!

JigneshDavda

Wave count shows the pair is in a double corrective structure to the upside. What gives this trade that much more conviction is wave A of Y touched highs but failed to break higher, while retracing deep enough that it cannot be considered a retracement. The pair may already be bouncing from the 76.4 Fib, but internal structure suggest one more low towards the...

JigneshDavda

60 Min chart shows rising trendline holding, 61.8% Fib holding. As well as top of broken previous channel

JigneshDavda

EURUSD has been in an uptrend for the last week correcting against a larger downtrend. The 4H wave count shows there is still one more leg to the upside to complete before the larger downtrend once again resumes. Fundamentals (Todays FOMC meeting) can drive price lower towards 1.0971 the 76.4% Fib, before turning higher. Targets for wave completion fall at...

JigneshDavda

Gold has been in a large correction down since late 2011. The Wave count shows the double correction down has been completed. Wave C of Wave Y started late 2013 and unfolded as a double correction, the substructure shows that the first leg down was a regular correction where the second leg from the (x) wave unfolded as a double correction. The expectation from...