Shivkumar600

Shivkumar600

Market could see one push higher towards 1630, but to be on the buy side is too risky considering the bear market is very much around the corner, to wait for reversal signal is the best option. 1442 is where (A) will end, with (C) eventually ending around 1222

Shivkumar600

Unfortunately market took out major resistance and will prove wrong to many bears over here, this is now very bullish market and we will be looking at the 120 handle before the larger corrective rally to the 95 dollar mark 110.28 was the major resistance and unless market drops below this on a weekly basis there is no need to ignore the bullish rally

Shivkumar600

lets see if this holds

Shivkumar600

the chart is self explanatory...wave 4 can start any moment....market is still looking to dive towards 107 before the bulls take over

Shivkumar600

108.79 is the critical point for this rally, the short and medium term is still looking bullish and the current slide looks like a simple a-b-c zigzag

Shivkumar600 Updated 

for my bearish traders/friends :) i still maintain my stand for the long term bearish trend of BT, this is an alternative count, wave C can push markets towards 15,000 where one can go short towards 1200 and below also its quite interesting to know the moment there is a small correction even the most bullish trader goes bearish haven't we heard, when retail...

Shivkumar600

wave 3 is in progress and will take market over 114.10 ....as long as 108.76 is intact expect markets to rally on both short and long term frame

Shivkumar600

i wrote sometime last year about a possible top on the S&P at the 3100, there were complex wave structures building up at those levels after a huge drop to the 2350 handle confirming the top and the big recession in place, market reclaimed the 3200 handle and we could see a small push to the 3400-3500 handle, but i want to believe that market has topped and can...

Shivkumar600

Wave 5 may have ended 1611, under this scenario a minimum target of 1440 should be on the card for now, a deeper correction towards the 1260 is there in the offering

Shivkumar600

Market is still long term bearish and any significant rallies offer very good selling opportunities, below 10,500 market will still look at 3500-4000. A breach of 10,500 will take markets to the 14,500 and 16,000 and then drop to 3500 and down

Shivkumar600

The recovery from the flash crash meant that a base was formed and the long term targets to 125 $ was open, but with the inability to hold higher levels and the break of 111 $ made me look into the charts and come to a conclusion that there is more to offer at this point in time. As long as the 109.50 handle holds on a daily close i think we are heading back to...

Shivkumar600

i purposely put the word "Prediction" It is hilarious when people say "i predict" as if they have the gospel or a angel said something to them in person Unfortunately market is not driven with prediction but with emotions, and there is a simple rule in trading as the great Warren Buffet says "Be fearful when others are greedy and greedy when others are...

Shivkumar600

wave 5 ends at 9800... a-b-c ends at 4500 before the uptrend resumes...long term market is still in bearish mode and a bubble

Shivkumar600

I hope some of you would have taken advantage of my long gold at the 1180 region with targets at 1350, now its time for the short which was also explained in the previous chart. For those who would have missed the entry, we can go short at markets with stop over the 1303 mark on a daily close with targets towards the 1200 handle and then long again for 1350 and...

Shivkumar600

I have mentioned levels on the chart, long term this is a bear market, so don't jump in just because you read it somewhere or your friends told you too (Remember the Bulls and the Bears will always win the race while the Pigs will get slaughtered) Good luck

Shivkumar600

Wave 5 has indeed ended at levels (1340) mentioned previously in my post, markets will correct to the 1180 handle in the coming days (A-B-C) , stops should be at 1311 on a daily close

Shivkumar600

across the pound crosses we will see the Harmonic Pattern .....the big question is do we go short with a stop above (D) on a daily close or wait , considering the high voltage events with markets hitting stops both sides the big question is "should we rely on the pattern that has developed" it is a tough question and a decision, so i will rather wait and watch...

Shivkumar600

market is presenting a good entry to go long around the 1290-1280-1270 region (4th wave) towards 1350-1360 stops should be placed below the 1275