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.
NASDAQ has finally started giving confirmation of down-move with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which down-move should continue. Watch the video for levels and more details.
NASDAQ 100 has completed X wave and should now head down towards 17000 in weeks to come.
RELIANCE seem to have formed H&S formation. Structure is tilted on the left and has formed over a long period (~10 months). Finally the structure seem to have completed though the price is still trying to bounce from the neckline. Today we have an evening star kind of formation which might push the price towards neckline…