karagis75

karagis75 Updated 

Dollar index Might start sharp correction to 84 until Feb 2021 .. Currently completing Wave B and Wave C to start shortly late Feb 17 to Feb 20th 2020... and might last one year.

karagis75 Updated 

Crude oil (US OIL)showing descending triangle pattern Recent peak of crude oil is 36.28 and support line of triangle is around 29.95 Friday we had false break out and closed inside Descending triangle.. Next week or two looking a target 23 to 24.. and pattern calculation target is 23.62. Always plan to have 1% strict stop loss during high volatile and...

karagis75 Updated 

Nifty Spot has been wave 3 since 2009 and completed its 5 wave advance recently .It just started corrective wave A on Jan 17th 2020 and completed impulse down wave A(impulse down) on March 13th 2020 and exactly stopped before 38.2 % retracement (8555) of large Wave 3.. long term uptrend is still intact don't get scared as of now. Now that Wave A impulse done...

karagis75 Updated 

PX need to hold 2352 for Wave 3 to continue .. .If recent low 2478.9 or 2352 holds then Wave 3 is going to Continue.. It looks impulse wave A down from 3393 to 2478.9 is complete and Wave B (Corrective Wave) might target 2935 SPX based on current week progress. things might change as more information unfolds.. wave B duration could be 4 to 6 weeks but let us look...

karagis75 Updated 

Gold sell off to continue next week and all the support has been broken due to relentless selling... and Gold next week will find two supports 1496 and 1460... 1460 is important support that need to hold.. so that Gold topping pattern can from right shoulder expected to complete in 9 to 10 months (Dec to Jan 2021) if is normal sell off and this is uncertain...

karagis75 Updated 

SPX is still in wave 3 ...from 2009 First long term support 23.6 (666.59 to 3397.5) is at 2752 and second long term support 382 is at 2353 .. until 2353 holds Long term wave 3 is still in progress

karagis75 Updated 

DXY wedge broken and may be targeting 94.25 and if go back above the Wedge break down. .i will change my view

karagis75 Updated 

Looks Gold is topping as per Short term Double top pattern ..Topping zone 1691 to 1692 Target 1566 to 1575... This view is invalid if Gold crosses 1294 on daily closing basis

karagis75 Updated 

Copper rally by 33% possible to test long term 50% retracement of B wave by Jan or Feb 2021 completion expected around this time.. Due to Global money printing, helicopter money and stimulus post Corona virus. This gives us a clue one more top in Global equity is left until Feb 2021...

karagis75 Updated 

Crude watching support line and higher low formation in hourly chart If it holds and resistance broken after that confirms wave 3 and need to happen with force..else still bottom formation. Also we need to see failure of head and shoulder forming on hourly

karagis75 Updated 

Gold need to hold 1430 to 1440 for Wave 3 to continue .. Going break the support around 1550 is also not bulish.. let us watch for next few weeks on months.. If 1800 crosses we can expect 2500 in next five years.. As of now i have negative bias to go below 1550 and 1400.. let us watch it

karagis75

Nifty in range between 12500 to 11200 till May 3rd week.. Possible wedge break down in May last week or June First week.....17.5 fall expected from 11150 ..Nifty wedge break down target 9300... On upside 12480 to 12500 shows resistance which could be top this year in Apr 2020