WaveTalks

WaveTalks

Updated 

We Shall Look Out for a bounce in C-Wave to complete the correction for the fall from 1.1430 on Brexit Day... Likely the recent low@1.09840 to be intact & we shall look to buy with that stoploss for target 1.1225 & closearea.. The low on brexit day fall is 1.09119--that is our 1st Wave...from that low it bounced & made a high@1.1189 giving us a-wave & later fall...

WaveTalks

Updated 

India Nifty@24th June 2016--- The Mercury Effect…Were You Ready for this Volatility… Just few weeks back…I was discussing this to one of my close pal & family member that market could become volatile on account of mercury going into sun’s home under saturn’s shadow can make market puke—you know what was his/her reaction—aa…ooo…as usual like everyone does &...

WaveTalks

Updated 

Since 16th March 2015--EURUSD has been forming triangle in larger context which has ability to confuse most of the participants. Recently, we have been moving into D-leg which made low@1.09119. In D-leg--- a = c...I had a target of 1.0900 (Not Pulished on Trading View)...I shall be looking for an 3 wave sequence giving us E-wave...The Most Important thing to...

WaveTalks

Cable--I warned that we are moving up in 2nd Wave & maximum upside expected was 1.5130--1.5150 or maximum 1.5500--1.5550 which will retrace 80% of 1st Yellow Wave....This Downside Explosive Movement confirmed that 3rd wave is under play...As per last update--"GBPUSD-Possible Jump in 2nd wave till 1.5150 "-- I warned do not get trap on long side of pound....Look...

WaveTalks

Updated 

In Last Update of Dollar Yen-Explosive 3rd wave Rally --I was clear that 1f 107.50 high--is taken out -we shall start explosive rally on upside for 111.45 area..which never happened --107.50 was intact ...infact 106.35 which was one of the key levels was broken & retraced deep-I thought it will hold 105.54 which was short target downside. Pair even broke 105.54...

WaveTalks

Updated 

Cable can become strong till it remains above 1.4760 -preferably on hourly closing basis...so one can go long till the zone 1.5130--1.5150 & if extended further it can go as high as 1.5500--1.5550 where 2nd wave shall retrace 80% of 1st Yellow Wave... Post Brexit -Yes or No Scenario do not get trap on long side of pound...we will go strong bullish only above...

WaveTalks

Updated 

USDINR@22nd May 2016- “Bang on…Impatient About Acche Din” Getting impatient for “Acche Din” –I guess this is the case with every Indian since we voted BJP to power in 2014 since expectations were high & everyone was desperate to see better results. But let us not forget Mr.Modi talked about 60 Months & it is just 24 months old under his leadership. The...

WaveTalks

Updated 

Bank Nifty- A Thrust is expected Upside & BN could kiss 18050-18070 above 18000...When I first found flag pattern just below 17470's that was the start of leg & slowly & steadily we had 760 points in our pocket which was planned & executed perfectly & 50-60 which is left more above 18000 shall make 800 points complete gain. In my comment section as I was executing...

WaveTalks

USDJPY— Looking for an explosive rally in Wave 3(Alternate View) From last update, I was expecting a leg down –which is shown by blue oval shape. Since last low@106.35- (Not Discussed in This Forum) Alternate Situation Prices are making higher highs & higher lows on lower degree which has been retraced by 80% - so, if dollar yen starts moving above...

WaveTalks

Updated 

USOIL@26th May 2016--- All set for a fall from high 50.18$... The kind of fall we are getting since top@50.18 $ looks like we shall be going down --some conditions to be fulfilled before it goes down...It is rising wedge structure W-X-Y. Dip below 47 $ & black trendline broken shall be 1st clue & breach of long term trend line & going 44 $ & later 41 $ --Its all...

WaveTalks

Updated 

From Bottom 17350--I was fortunate to have patience yesterday i.e. 2nd June 2016-- & figured out 2nd wave correction. We have traveled 261.8% of 1st wave from 17350 lows...we shall look for another or fifth wave upside push in the zone 17825--17850 ...Currently we are running into 4th wave which can go till 17600--17625 (Support Zone)...Traders can look to buy at...

WaveTalks

Updated 

There is a flag pattern in Bank Nifty...Going above 17450--17470 zone -one should look to buy with small target of 17540 & sustaining above 17550 can take it above 17660 previous high....be clear ..take long only above 17470 --which polarity reversal zone...A & B were support & C--formed resistance so crossing 17470 will give clue that Bank Nifty wants to move...

WaveTalks

Updated 

It was a whip saw market on 31st June 2016...I am expressing my fear that India Nifty has topped at 8216 & started its down leg-well its too early to say but If this scenario plays out --like a bounce is expected above 8200 - in the zone 8200--8210 & starts falling & goes below 8170 --This could turn out to be 1st leg downside if 8170 is broken --latyer Nifty...

WaveTalks

Did you get the feel of nirvana......I got it...well let me come back to Bank Nifty...As per previous analysis-"Buying the Flag Pattern--- I was clear that 17470 is very crucial level & we touched 17470 in trading session & dropped as well shown as X-wave (notations are used from Elliott wave point of view)- Whole Idea was --sharp at 2 pm --I updated in comment...

WaveTalks

Updated 

If pair falls in the zone 1.8795--1.8825 ( That zone could be strong support as 61.8% retracement for 4th red wave) keeping strict stop loss below 1.8650 for targets of 1.9300 & beyond 1.9325--it can go as high as 1.9425....Last Time's exit in buy call was in time & look how we saved our self from long trade...Regards, Abhishek H.Singh, CMT

WaveTalks

USDJPY-- Sustainable move above 109.15 ---pair looks bullish till 111.45- which is previous high....One should put strict stop loss below 108.20 or look to buy in the zone 108.50--108.90 with slightly below 108.20. The rally which started from 105.55 has crossed 110.65 which key level before it had severe fall on 28th April 2016-taking out that low & falling till...

WaveTalks

Updated 

ENJOY THE FALL....LONG WAY TO GO ...REAL EXCITEMENT WILL START ONCE 1.2770 IS BROKEN....BUT DO NOT FORGET TO SELL ON RALLIES ...CLOSE BY RESISTANCE 1.3090 SHOULD BE INTACT...SELL ...SELL...SELL....

WaveTalks

As per previous update--GBPCAD...I was clear that prices are stuck in a range & my premonition turned into reality...We exited at 1.9095.(Shown in blue oval)....Pair slipped & made a low @1.8905...Almost 200 pips down...I always had a dream that good analyst should make money in all directions of the financial instruments. Regards