WaveTalks

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It has crossed the trendline & 1000 mark- waiting for 1035-1040 target zone to finish the C-wave.

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CrudeOil jumped as expected from previous update. Now, once it goes below 45$ swing low likely it good shorting opportunity for initially 42$ later -if becomes aggressive than look for an impulsive 3rd wave down.

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Updated 

The move from 109.80 to 111.18 was a part of yet to develop first leg in the Ending Diagonal or traditionally we call it a wedge, but it is still premature & I am open for this as there is an overlap between last two consecutive waves. Once it starts moving above 110.90 likely it will cross 111.36 -previous high in slanting upwards, which will give the 3rd leg of...

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Updated 

From 108.55 looks like 5 wave sequence is done & will it be a double top at 111.18. 5th wave has travelled 61.8% of 1-3 wave distance. If the double top likely we will see UJ testing 109.80 from where the rally started. 180 pips from previous wave back to back

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Updated 

Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next? B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c...

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Excited to get the 5th wave as expected 5 months back Expect some pull back & likely to cross recent high to finish the larger 5th wave as expected below. EURUSD & USDJPY- 1750 pips combined

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Previous Update EURUSD- Hammered 750 pips USDJPY- 1000 pips- Upside

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From 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside. Gold -looking for 1300+ Move in coming days Gold pushed 100$- but later as it evolved &...

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It comes to me as no surprise as an elliottician when I published USDJPY report showing triangle which turned into a flat correction, which is 3-3-5 wave sequence because the end result was supposed to bloom. An up move of 1000 pips in the UJ- Amazing. Running or Current Analysis- UJ- Imporatbce of Support & Resistance-109.75 Is 109.75-- will 3rd wave...

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Updated 

How prior resistance works as support will likely be evident in current case where UJ just moved upside not going below 109.75- prior high This concept is called polarity reversal. We need to change counts & be careful of key levels- our key level was 108.80 -which worked really nice & I even said that unless 108.80-108.75 is taken out- we cannot have a bearish...

WaveTalks

Updated 

From previous update- We got the move from 1250-1260$ - which went as high as 1338$- I expected 1377$ only if 1348$ could have crossed- which it failed & had a sharp fall from 1338$ below 1348$- which became b-wave in Y-wave. What Next? Likely looking for an explosive upside move, travelling 1300+ dollars - downside, it is limited if it goes below 1220$ then we...

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Updated 

Likely DAX is struggling between key levels 10730-10830 this zone can act as resistance & we shall be looking down for impulsive ((iii)) wave down. Key resistance- 10827 should not be taken out on top. Bounce done

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Updated 

Last Price@109.25 (( )) - means bracket wave There is a slight modification in my count where I shifted my wave-((i)) top at 105.53 as compared to 104.63. In that case, 161.8% of wave-((i)) distance comes in close proximity of 109.70-109.95. Current High of 109.75 has hit the required distance for wave-((iii))- in that case we are likely to start the...

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Coming back again, after a long time. UJ could be having irregular correction, which has an impulsive wave in action since the 100.08 lows. It shall be reaching 161.8% at 108.60-1.08.65 of its internal wave-((i)) projected from wave-((ii)) to give us ((iii)) wave - Once if UJ holds in that zone - we shall look for a correction in the zone 105.50-105.75 zone which...

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Look how UJ got the support of 104 & currently trading in sideways manner at current levels of 104.20- This fall shall continue to next key level of 103.50- which will again support UJ's fall. We will take this end of C-wave only if 103.50 is taken out & UJ even travels below 103- that will give the final clue that UJ wants to travel down. In current position- I...

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Any long positions we shall be interested only above 104.90 in coming sessions if it goes else going below 104 -likely it will give us clue that UJ has put a top@104.87 -Then we will plan for taking shorts with the future retracement not going above 104.90 Last move which we got in UJ was 103.50-103.60 to 104.80 & fall from 104.80 to 104.35

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USDJPY likely might come to retrace in the zone 104.30-104.35 before it resumes its uptrend for 105.20-105.30

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5th wave in USDJPY is subdividing & 2nd wave in 5th wave could take support at current lows which is 50% (103.65-103.70)of the rally from 103.16 to 104.20 or it could be 61.8% of the rally from 103.16 to 104.20 which comes in the zone 103.50-103.55 which should act as support & UJ will head upside in 3rd wave within 5th wave having equality target of 104.70 or...