Reason : Fall from 6000 level happened in 500 points wave each consequent second way too. Currently its basing in time manner for the same proportion of 500 points. However, instead of reversing to upward market will head southwards towards Buy order base i.e. 4,500 level which is another 500 point wave. This also finishes 3 way downtrend to initiate larger up...
Reason :Exhaustion of final down wave. Timeframe : By end of third week of this month.
Reason: It's a crying blind BUY call. Reversal has already started along with accumulation of inventories. Timeframe: Good from an investor point of view for a year
Reason : Upside move has exhausted in three way pattern. Reversal will take shape at this level to head southwards. Timeframe : By end of this month.
Reason : Re-test of highs upto 1.45 as continuation due to support at 61.8 FIB level. Timeframe : This week.
What : Shorting opportunity @ 0.758 upto 0.742 then long upto 0.766. How/Reason : On larger time frame i.e. monthly this pair is creating double top due to extreme upside momentum it had recently from the origin of double bottom. Thence time correction is forming in terms of double top. Timeframe : this will happen entire this month
Reason : 61.8 fib level resistance will pull back to 8,500 level which is again 61.8 FIB level of the current wave and then long to retest 9,200 highs Timeframe : First week of May 2016
Reason : 3rd wave towards short is pending which will initiate soon upon hitting 61.8 FIB level. Original down journey began from 1.41 in three waves of which final move is shaping now. Also, pair is in overbought region. Timeframe : short likely to commence from July 2016 which will continue till end of this year. Untill then long side will be in incharge .
Reason : Exhaustion of upmove will trigger short side journey upto where upmove initiated ie 2,040. Timeframe : Next week or 2/3 more days. Stoploss : 2091 target : 2040
Reason : Resistance of 61.8 FIB level. Timeframe : Monday (04-18-2016)
Reason: \\another short wave of 300 points will begin from 9,500/9,600 which originated from 10,100 in 3 move structured shape (Fall 300 points then base then again 300 points fall then its basing today then 3rd move of 300 points to initiate). Also 9,200 is 61.8 FIB level of current upmove. Timeframe : short opportunity to take place within 1/2 days. long move...
Reason : Continuation of second wave. First wave originated from $1,280 to $1,210. Timeframe : 2 weeks
Reason : Retracement will take place till 61.8 FIB level of current upmove. Timeframe : 1 week
Reason : Has taken support @ 61.8 FIB level and in the course of reversal formation since 18th Jan 2016. Will bounce @$80 upto $90. Timeframe :Upto First week of july 2016.
Reason : Final short wave is in progress which will continue and exhaust itself. Timeframe : 7-8 days. Yes, momentum will be gradual as it's sign for reversal of all short position which were intiated @ 1.4387
Reason : 20 points wave divided into four parts commenced from 2080 which will finish at 2020. However, Index will bounce off this level immediately. Short opportunity prevail only till tomorrow. Long opportunity will head to 2100 by 1/2 weeks.
Reaon : USOIL bouncing up from 38.2 FIB level. However, bounce move is in two wave format of $2.50 each. Timeframe : 1 week
Reason : completing prevail wave to exhaust down move so that new upmove wave till 8,000 can be commenced.