KayJay

KayJay Updated 

As per our preferred wave count LOTCHEM is in wave Y which should take prices further down toward the 13 level and if bearish trend stays strong then even 9.50 is on the cards, however prices need to break below 15.53 level first. Alternately prices can still be in X wave and will take prices further up towards 25.40 - 27.40 range and if the bullish trend stays...

KayJay Updated 

This is in continuation of our ongoing tracking of POL wave structure. Prices went below our buying zone of 475 touching 465, taking a cautious approach as the overall market was down, we did not buy at 475-465 area and waited for a bounce up for confirmation. Now the bounce has been significant and if our wave count is correct then we are most probably in wave 4...

KayJay Updated 

AKBL is most probably in wave C or 3 which has started or is still in wave B. As per our preferred wave count AKBL is in wave C or 3 which has started to unfold and will take the price down towards 26 - 24 range. We are already active in this trade aggressively, however the cautious way to trade this setup is to wait for a break below 33.40. Alternately, there...

KayJay

This is in continuation to our previous published idea in which we decided not to take buy positions due to developing geopolitical tensions which luckily was a wise decision. Now since the tensions have eased up and the bail out have been approved, the bullish scenarios have opened up again. PPL is most probably in wave C of an A or B wave which is about to get...

KayJay Updated 

This is in continuation of our HBL wave count/idea shared earlier. HBL is most probably in wave C or X which will take price down towards 127-122 range area, prices are currently at a resistance level which has acted as a strong support previously therefore we are confident that it should hold and keep prices from climbing up. We will short sell HBL once price...

KayJay Updated 

This is in continuation to our ongoing tracking of MARI. MARI is most probably in wave C of an ABC correction and since prices moved down giving confidence to our bearish wave count, we are taking a small position by short selling. Due to market volatility we will trade this setup with cautious using trailing stop loss until we reach our target. We only...

KayJay Updated 

PPL is most probably in wave C of an A or B wave which is almost completed or about to get completed. our preferred wave count suggest that we should get one more leg down towards 144-140 range which will touch the long term yellow trendline and prices should bounce from there, the other possibility is that price will not go below 147 and will keep on climbing...

KayJay Updated 

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 Updated 

EFERT is most probably in wave 3 or C of a higher degree wave 4 or A, if our wave count is correct then wave 3 or C is almost ending and prices should take support from 165-160 range level. Alternately prices can go toward our main buy zone directly i.e. 160-140 range in which the prices might reach 145-140 level easily but our preferred setup suggests that prices...

KayJay Updated 

This is an update on our POL wave count shared earlier, we have modified the wave count looking at the formations and excluded the possibility of the current wave being a wave C. If the wave count is correct then we are in 5 or Y of wave 1 or A. With reference to my last idea of POL in which we got greedy and took a loss on 50% of our positions and are still...

KayJay Updated 

This is in continuation to our ongoing tracking of MARI. Since prices moved down giving confidence to our bearish wave count, we are taking a small position by short selling. They are several possibilities at hand therefore we will trade this setup with cautious using trailing stop loss until we reach our target. We only recommend small portions while short...

KayJay

SNBL is most probably in wave C of wave B or 2 If our wave count is correct then we are in wave 1 of wave C which will target 13.60 - 13 range but first it has to take out the below teal color trendline, there is a possibility that prices might start rising taking support from this trendline starting wave 2 but most probably prices will go down to 13.60 - 13...

KayJay

This is in continuation to our ongoing tracking of PSO shared earlier in which we are anticipating price to reach 350 - 360 area to go long. As our MARI trade (long) ended today making reasonable profit freeing our cash and since cash is trash, we have decided to take a small portion of short position in PSO. If our wave count is correct then we will reach buy...

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 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

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...