TheTradeZen

TheTradeZen

Market may try the 1906 before heading south, in case market does take the 1906 handle we will have one final push to the 1970 handle, areas around the 1820 looks plausible in the medium term

TheTradeZen

I believe the top for the year at 11800 is made and we will have deeper correction going for the rest of this year and the 1Q of 2021 Who missed out on this trade can enter again with stop at 11400 on a daily close As long as 11800 is intact we will see a correction to the 9900 handle and below.

TheTradeZen

Scalping at its best, just sold at 1872, maybe will get back to 1845, if you look at my previous post i had asked to buy at 1845, market still targeting 1905 , so stop on this short should be at 1876 good luck

TheTradeZen

I was long the S&P on 24th March and did mention that the low was made and we could go higher and make new high between 3500 - 3700, market did top at 3583 and i believe the top for this year has been made. Wave C will drag the markets to 2600 , stops should be on the around 3475

TheTradeZen

Here are two scenario, market is still in the downtrend but providing a good scalping opportunity, 1906 is the expected target for this buy, in the event market does manage to take the 1906 handle, we will be heading back to 2040 Keep your stops and enjoy the trade

TheTradeZen

Its been a long time since i covered OIL, the last i did mention that the market will drop to the 10$ mark and there will be recovery to the mid 30 once the drop materialize. Well it looks like the market did exactly that, now lets look at what is in store in the near future. The recovery from the bottom is labeled as 1-2-3-4-5. If this is correct, a...

TheTradeZen

In my last post about gold, i did mention that the reversal is around the corner and can fall anytime, market is down 25$ from the time i posted the article. Coming back to silver, the 4 hr chart shows that the recovery from the 11.44$ is almost the 5 wave. Either market could head to 19$ to complete the missing 5 wave or correct from here itself in the ABC sub...

TheTradeZen

Gold’s recovery since late-2015 seems to be approaching its end. Wave 5 has been in progress from the bottom of wave 4 at $1451. Targets near $1800 looks possible in the short-term, but traders should proceed with caution. A bearish reversal is around the corner and can happen anytime.

TheTradeZen

The recovery from $3122 to $13 880 can be seen as a classic five-wave. It was followed by a simple A-B-C The recovery from $3850 must be the start of wave 1, meaning targets near $15 000 are possible from here. Once there, however, the bulls should be very careful as a bearish reversal for the beginning of wave C (market is in the larger A-B-C correction) ...

TheTradeZen

Market has been coiling around the 3200 region for sometime now with not much steam left, it looks like wave iii in the larger wave 3, if this count is correct expect prices to correct towards the 2990/3050 region. This will also provide a good buying opportunities for those who missed out, markets should rally towards the 3400 which is also the all time high,...

TheTradeZen

23rd March - I had called for a bottom around the 2200-1800 mark and market did bottomed out at 2200. April 20th - After forming a base and a nice pattern i did mention about the possible levels markets could play out. Fast forward June 5th, Market sits at 3200 and stone throw from the all time highs at 3390, which is also the 261% extension. Wave 5 will take...

TheTradeZen

I spoke about a possible bottom on S&P on March 22, market bottomed on March 24 and has rallied despite all the negative news around. Wave 2 should be in progress soon and dips towards the handle should be bought for long term investments. Wave C of the crash can be seen as a complete five-wave impulse, and if this count suggests, then the crash is over and that...

TheTradeZen

Sometime mid last year i did mention about oil looking at the 10$ handle. Though i expected market to touch the 100$ before the imminent crash it turned around 75$ With market touching 10$ whats next. According to the the current 4 hour charts, wave 5 is now under construction and would have completed the pattern. Targets in the mid 30 seem likely. In...

TheTradeZen

I come across lot of articles and traders "predicting" the market. I too have not been spared by this question and get asked numerous times each day. My response is usually the same “I am a trader, I don’t have thoughts on the what the future holds for the market.” Most people have the notion that if they can predict where an asset class will be in the next...

TheTradeZen

Bitcoin is still trading below $8410, so there is no reason to change anything. The bears remain in charge as long as this level holds. Wave 5 will drag it to 2500-3000 handle

TheTradeZen

It took about over 3 years for markets to go from the current level to the 3400$ mark where it peaked. What is interesting is, it only took less than 3 weeks for markets the correct the whole rally. The Elliot wave showed a potential top around the 3300-3500 mark. I had called for a top around this region early Feb 2020 (please refer to article published in Feb)...

TheTradeZen

Why is gold crashing during the biggest health crisis and possibly the biggest economic crisis, where has the save haven gone. We have no idea. Let the journalists and the economists explain it. I prefer to focus on the fascinating fact, that somehow, the Wave patterns managed to warn of a possible top (please refer to the articles published between Feb and...

TheTradeZen

A very high traction zone, there is one last run before the market turning back. Is this the zone or have we already topped