SPX5000

SPX5000

Tesla could be in the middle of a complicated correction. It could be forming a B wave triangle before C wave bottoms some where close to the $100. The alternate count could take Tesla higher towards $350 to complete the B wave before wave C bottoms out near the $100. Either way, it is possible that Tesla could drop towards the range of $100-150 before the uptrend...

SPX5000

As per the Elliot wave analysis, there is a possibility that XAUUSD completed the long term wave 5 at 2073. If the wave count is correct, XAU could be in the middle of wave A of the corrective phase. There could be some support around 1600 and 1300 levels. Gold could drop to levels of around 1050 before completing the multi-month corrective phase. All the best traders!!!

SPX5000

As discussed in my previous post, Nifty is currently undergoing a wave 4 correction as per long term Elliot wave analysis. Let us look at the short term wave count in todays analysis. As shown in the chart, there is a possibility that Nifty has entered wave C of the corrective phase. If the wave count hold true, we could revisit the yearly lows of close to 15000...

SPX5000

Nifty might have completed the long term wave 3 at 18567. We could be in a potential wave 4 correction. The potential target for wave 5 could be around 21000+. All the best traders!!!

SPX5000

S&P might have completed the wave 3 at 4835. S&P could be in a potential wave 4 correction at the moment. As per the count, the final target to complete the wave 5 could be around 5300. All the best traders!!!

SPX5000

Possibility of a multiyear triangle breakout above 111 in USD/JPY for a move towards 120!!!!

SPX5000

Possible XAUUSD wave count

SPX5000

As per my analysis there is a possibility that a major 5 wave rally is over in USDINR. The level to watch out for is 68.00/67.50 and if rupee successfully breaches those levels then we could see some sustained rupee appreciation over the next few months. Even a pullback to 40 will be just 50% of the entire rally !!!! Please consult your financial advisers...

SPX5000

Gold is breaking out of multiyear consolidation and as per my analysis , the current move could be either wave C or wave 5 of the higher degree. If the move is wave C then Gold will rally towards 1600 before falling again towards 1000, but if the move is wave 5 then we could see a major rally which will take Gold above 2000. Either way the immediate direction is...

SPX5000

Nifty on course to achieve wave 3 targets in the range of 13,500 to 16,000. Good Luck!!!

SPX5000

As per my analysis S&P undergoing a wave 4(3) correction. The market could ideally bottom between 2350/2200 for a bounce towards new highs in 2019.The market is forming an ir-regular a-b-c due to which the fall looks very impulsive but the bounce back should be impressive as well. For long term investors these levels are ideal to start building the portfolio's....

SPX5000

Nifty could most probably be forming an expanded flat as part of wave 4 of 3(3) in the weekly charts(very similar to S&P 500). Once wave 4 is over, the minimum projected level to complete major wave 3 would be 13,000+ levels. For long term investors it would be ideal to pick up quality stocks in their portfolios around these levels. As per my analysis Nifty has a...

SPX5000

Nifty is possibly forming an Ending Diagonal(ED) chart pattern. If Nifty is indeed forming an ED then the possible chart path is shown. Please consult your financial advisers before taking any decisions. Good Luck!!!

SPX5000

There is a high probability that Euro have formed a near term bottom at 1.1300. The rally from 1.1300- 1.1735 seems to be an impulsive 5 wave rally, so the rally is expected to continue towards 1.1830/1.2000 levels in the coming days after the correction/consolidation. In the chart I have plotted two possible paths which Euro could take in the near future. Euro...

SPX5000

Euro is moving well inside the red channel as shown in the chart. Two possible scenarios as per Elliot wave count: Primary count expects Euro to move higher towards 1.1850-1.2000.As per the primary count Euro has completed a 5 wave move from 1.2550 levels at 1.1300 so the new up move should be either a wave 2/B which ideally should take Euro towards...

SPX5000

EURUSD looks poised to break below 1.15 to complete either wave 2 or wave A of wave 2 at around 1.1350-1.1400 range.There is a high probability that a pullback towards 1.20 is possible after the wave pattern completion. The new uptrend could be the start of the wave 3 rally or a complex wave B pullback. Watch out for bottoming signals around 1.1350 levels. Please...

SPX5000

Nifty could have started the wave 3 of the new impulse which started from 9952. As per the fibonacci projections this move could extend all the way towards 12,000. Good Luck Traders !!!

SPX5000

EURUSD could have made a short term low at 1.1510. The possible chart path is shown and there is a very high probability that EURUSD could be higher towards 1.1900 levels. There are two possibilities : Primary count - Euro completed wave 1 and possibly wave 2 of fresh impulse which started from 1.1510. As per the primary count this could be the start of the wave...