KayJay

KayJay

This is in continuation to our ongoing tracking of MARI C or 3 wave structure. If the wave count is correct then we are in wave 4 of wave C or 3 which will most probably reach 661 - 627 range near which I've marked the buy zone. Trading wave 5 is a little tricky because there are multiple factors at play here therefore we will use cautious approach to trade...

KayJay Updated 

This is an update on our POL wave count shared earlier, we have modified the wave count looking at the formations. If the wave count is correct then we are in an ending diagonal which is either complete or in the last leg of completion, we will buy once price breaks above 575. Alternate count is that of 5th wave will get extended downwards, however that...

KayJay Updated 

This is in continuation to our ongoing tracking of MARI C or 3 wave structure. If the wave count is correct then we are in the 4th wave of a bigger C or 3 wave, as wave 4 can be any corrective patterns it is hard to predict them. They can be sharp or complex and can be frustrating at times.Currently the wave structure look smooth and it doesn't seem like that it...

KayJay Updated 

MARI is most probably in wave C or 3 which will be clarified will volume, as 3rd waves have the highest volume in general. We already have an active trade in this which I missed out to publish earlier but I'm doing my best to post it now. If either wave C or 3 count is correct then we are heading up but as I've taught we should always have an alternate wave count...

KayJay

PSO is most probably in wave 5 of 3rd wave which can be an ending diagonal or impulse wave. As the 3rd wave was a big extended wave, 5th wave should not extend and will not make a significant move up. Volume divergence should also appear between 3rd and 5th wave, further breakup of wave 5 of 3rd: if the count is correct then wave 1 is completed and prices will...

KayJay

CRUDE OIL is most probably in wave C of a bigger ABC wave, as C waves are impulse waves they should unfold as a 5 wave structure down. If the wave count is correct then wave C will either equal wave A or you can use the triangle measure rule for targets if your a chart pattern person. Direction is looking down, however Bears will have to fight thru the support...

KayJay

POL is most probably in a corrective wave down which has started after a strong impulse wave up. Currently the market is in wave C of the corrective pattern downwards. As per our prefer count, on the minor level we are currently in the 5 wave of Wave C, which is either complete or will get extended further down. Once the price closes below 549 it will open...

KayJay

HBL is most probably in a corrective wave down which has started after a strong impulse wave up. Currently the market is in wave A of the corrective pattern downwards. As a good practice one should always look into an alternate wave count, my alternate count suggests that we are in a bigger WXYXZ corrective wave upwards and currently are in wave Y which is almost...

KayJay

This is my alternate count in which USDCAD is most probably in wave 4 of wave C of an ending diagonal which might have completed, if this count is correct we are expecting the market to move down We are not taking any short positions on this trade as this is an alternate count however if this count is correct and price does breach the last swing low as wave 5, we...

KayJay

Copper is about to finish an ending diagonal wave C or 5 of a higher degree and will soon enter a bearish wave correction ( Declining volume supports ending diagonal structure and will give confidence once price breaks below the converging trend line with a higher volume daily close ) We will take short positions only when the price retrace backs and fail to make...

KayJay Updated 

AUDUSD is most probably in wave B or 4 of wave C which should go one more leg up, we are expecting the market to move up and currently are in a triangle as wave B or 4 Long term trade: Short AUDUSD at resistance level, once reversal is confirmed ( in Wave B) Mid term trade: Long AUDUSD targeting upper resistance level (in Wave C) Short term trade: Long &...

KayJay Updated 

USDCAD is most probably in wave C of wave 2 or B which might have completed or may go one more leg down, we are expecting the market to move up and are assuming that this will be a simple ABC pattern (zig zag) or an Impulse (12345) If the wave count is correct then in both scenarios we are expecting price to move up as wave C or 3, Remember volume is the key...

KayJay

Most probably Copper is about to finish an ending diagonal wave C or 5 of a higher degree and will soon enter a bearish wave correction (Declining volume supports ending diagonal structure and will give confidence once price breaks below the converging trend line with a higher volume daily close) We will take short positions once the price breaks below the last...

KayJay Updated 

Most Probably USDJPY is about to finish an ending diagonal wave c of a wave 2 or B of a higher degree and will soon enter a bullish Wave C or 3 (Declining volume supports ending diagonal structure and will give confidence once price breaks above with a high volume daily close) We will take long positions once the price breaks above the ending diagonal trend line...

KayJay Updated 

Gold is probably in the wave 4 of an ending diagonal wave 5 which will soon end the long bullish trend We are anticipating two possible structures here for wave 4 i.e. P1 and P2, where P1 suggests that we are in a triangle wave 4 and P2 suggests that it might be a flat or a zig zag, Corrections are difficult to predict as there are a lot of ways to count them,...

KayJay

This is with reference to my AUDUSD long term monthly chart idea, where I mentioned that the bearish trend might have ended and a new bullish long term trend is about to set in AUDUSD has finished an impulse wave 1 or A and is most probably in Wave 2 correction right now which can be any corrective pattern except a triangle, it is too early to judge which pattern...

KayJay

Most probably AUDUSD has bottomed out from a long term bearish trend and is about to or have started a new bullish trend we are working on mainly three possible patterns that are unfolding labelled as P1, P2 and P3 where P2 is our preferred count at the moment The volume surge, the march monthly candlestick, the fib ratios and a recent leading diagonal pattern on...

KayJay Updated 

Crude is probably in wave B of wave 2 As stated in my weekly chart we are bearish on this market and are not taking any serious bullish trades. On the hourly chart crude oil has probably finished a leading diagonal as wave 1 or A and had started a wave 2 or B we will enter short position once price breaks below $ 15.64 mark with a higher volume ALTERNATE WAVE...