S&P 500 fell nearly 2.5% on Friday last week (28th March) and on Monday, we saw a bullish piercing candlestick. However, it doesn’t look like that this bullish move would sustain and its likely S&P 500 would resume its downside soon. Watch the video to understand the reasons for the same.
I have started YouTube channel where I share updates based on Elliott Waves and price…
It’s a double whammy: U.S. credit card defaults jump to the highest level since 2010…
I see two major possibilities in NIFTY50 from Elliott Wave perspective, marked in red and…
If you’re like me, you’re always on the lookout for the next trading book to pick to improve your trading skills. I bought a Kindle with unlimited subscription only because I found that there were dozens of trading books available in the subscription. If I bought all those books, it would have cost me a…
S&P 500 fell nearly 2.5% on Friday last week (28th March) and on Monday, we saw a bullish piercing candlestick. However, it doesn’t look like that this bullish move would sustain and its likely S&P 500 would resume its downside soon. Watch the video to understand the reasons for the same.
I have started YouTube channel where I share updates based on Elliott Waves and price action. Due to that, I am not able to post as much as I used to on this blog but I plan to update both this blog and the YouTube channel as and when I can. You can check out…
It’s a double whammy: U.S. credit card defaults jump to the highest level since 2010 as personal savings dry up. Expectations for the months ahead are even more glum. Elliott Wave International lay it out in their November Financial Forecast: The latest New York Fed Consumer Loan Survey reveals that consumers’ expectations for delinquencies rose to…
I see two major possibilities in NIFTY50 from Elliott Wave perspective, marked in red and blue. As per blue counts, B of ABC down was done at 24857.75 and we are in C down. The down-move in C so far was corrective W (internally WXYXZ, or triple zigzag) so the bounce this week should be…
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NIFTY seem to have started wave C of ABC down. At the minimum, we should be looking at 23000 target which is 61.8% of wave A. 78.6% and 100% (equality) are around 225000 and 22000 respectively. Having said that, wave C might evolve differently though the trend should remain down largely from here. Expecting all…
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Bitcoin saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that’s a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4…
NIFTY50 gave a monthly negative close after a clear 5 wave rise. Does it mean we are going to see a crash or it might be just a regular pullback? In this video, I have covered both alternatives with possible levels to watch out for.
