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Showing posts from September, 2019

Bitcoin: One higher degree

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Daily Chart


Bitcoin, has completed wave B in a triangle pattern below 61.8%. This means wave C in an impulse have started which can drag price lower till end of wave A. So if prices come back to 3000 levels  I will not be surprised.
Learn Elliott wave and Neo wave analysis. A two day paid Webinar running by over 15 hrs and the fees for it is 15000/- don't miss this opportunity. For registration call 9324174580.

MCX Silver: Technical Analysis explained

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Technical Analysis course to start from  13th October. A three month course scheduled every Sunday. Start the course from inception. The fees will be 15000/- . For registration call 9324174580.

Nifty: Flag pattern on the way?

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Technical Analysis course is going to start from 13th October which will run for more then 3 months. It will be scheduled on every Sunday for more then 3-4 hours. Learn Technical Analysis from inception. The fees will be 15000/- per person. Grab this opportunity and be a Technical analyst by yourself. For registration call 9324174580
Nifty Video

MCX NatGas Video

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Technical Analysis course is going to start from 13th October 2019. A course which will be of more than 3 months, scheduled every Sunday for nearly 4 hours. Interested candidate can call on 9324174580 for registration. The fees will be 15000/- per person.
MCX NatGas

MCX Crude: My Elliott Wave Forecast

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This forecast was made on 23rd September. I have been saying that I am not bullish for Crude now after it made a high of 4500 levels. You can read the below excerpt but before that if you want to learn Elliott Wave and Neo Wave which is a two day paid webinar, you can. It will be over 15 hours session in two days and the fees will be 15000/-
From above hourly chart,prices are now moving in a lower high and lower low after marking a high of 4500 odd levels. The lower highs and lower lows will not favor prices to rise from current juncture.
As per wave theory, prices have completed wave b at one higher degree where the internal counts were (w-x-y )eventually .... pattern as it retraced more than 80%of the previous fall of wave a(4692-3522). So if wave b is over wave c has already started which is an impulse in nature and can move down till .....
Don't follow the crowd blindly, think objectively and trade. Learn Elliott Wae and Neo wave. For registration call 9324174580.

German DAX: Will slowdown drag the index?

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DAX Hourly chart


German DAX is moving precisely in a rising channel formation which is a positive formation. Today in the opening session it tumble by over 1 % giving on the fear of German slowdown as it's PMI fell to it's 7 year low. 
Elliott Wave does not say that the top is formed. I have placed my wave counts in the above chart where I have marked the current rally as an impulse in which today wave iv was completed and in short time wave v will go up till 12600 or close to that.
Learn Elliott Wave and Neo wave a two day paid webinar with cost of 15000/- covering all the important concepts and theory running by over 15 hrs. For registration call 9324174580.

Bitcoin: Price forecast

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In the above hourly chart, a two converging trend lines are drawn in which prices are moving within, giving an indication that symmetrical triangle is forming. In a triangle pattern the requirement is, there needs to be two touch points on both the trend lines. In this case the requirement is fulfilled. 
From waves perspective, a triangle needs to have five legs within (a-b-c-d-e). All the waves in the pattern is corrective in nature. In the above case wave d is completed and wave e has opened, this wave e is not may or may not touch the lower trend line. So I expect that prices should fall in a range of 9700-9600 levels where wave e will complete. After completing wave e lower which will also complete wave b on one higher degree. Prices are expected to start wave c higher which can be 61.8% or 100% of wave a of one higher degree. So prices can move till 13390 and or 15780 respectively.
The summation of the above chart is, the bias for Bitcoin is firmly positive. The Crypto currency …

Ethereum: How much it can retrace?

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Ethereum hourly chart


In the above chart it's is clear that higher highs and higher lows are formed. It is also important how much it can retrace?
I have hidden my wave counts but you can plot by your own after learning Elliott Wave and Neo wave concepts. A two day paid webinar cover different topics about price and time. Don't miss it. The fees will be 15000/-, call 9324174580 for registration.

What's the next move for MCX Crude?

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MCX Crude Daily chart


I am not going to disclose the wave counts here but as in my previous update I was so correct for MCX Crude, This time I am just showing you the chart and you can come with your own analysis. I know what is coming next for crude.
If you guys want to learn how to forecast price, you can by registering for Elliott and Neo Wave analysis course which is a two day paid webinar. The run time for it is more than 15 hrs and the fees is 15000/-. I would reckon not to miss this opportunity as learning has no age. This will help you to start believing on your own analysis and you will not require people to follow blindly. For registering call 9324174580 or mail meghmody@gmail.com

Nifty: Symmetrical Triangle pattern video

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Nifty gave a spectacular gains on Friday after the announcement from Indian Finance Minister but was it a surprise? Well 5 % intraday is huge but breaking 10600 was least likely. 
Intraday players especially the ones who follow people blindly and don't think before doing trade that too without stoploss will make huge loss but Elliott Wave practitioner will not as they have objective approach towards price movement. 
Learn Elliott- Neo Wave and stop follow people blindly and trade objectively. A two day paid webinar to help you understand the important concepts. The run time will be 15 hrs or more. The fees will be 15000/-, for registration contact 9324174580 or mail me meghmody@gmail.com.
Nifty Video

What is Bitcoin doing?

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Bitcoin hourly chart

In the above hourly chart, a two converging trend lines are drawn in which prices are moving within, giving an indication that symmetrical triangle is forming. In a triangle pattern the requirement is, there needs to be two touch points on both the trend lines. In this case the requirement is fulfilled.
From Waves perspective, a triangle needs to have five legs within (a-b-c-d-e). All the waves in the pattern is corrective in nature. In the above case wave d is completed and wave e has opened, this wave e is not may or may not touch the lower trend line. So I expect that prices should fall in a range of 9700-9600 levels where wave e will complete. After completing wave e lower which will also complete wave b on one higher degree. Prices are expected to start wave c higher which can be 61.8% or 100% of wave a of one higher degree. So prices can move till 13390 and or 15780 respectively. 
The summation is, the bias for Bitcoin is firmly positive. The Crypto currenc…

USDINR: Short to Medium term forecast

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USDINR Short term view


USDINR has bounced back from the lower levels and is likely to move higher near till its previous high placed at 72.6 levels. Technically speaking, prices are moving up in a higher highs and higher lows after marking a low of 70.96 levels. This recent upmove can halt and a sideways to negative action can be seen which can fill the gap at 71.7 levels. Thereafter, it can move to test the high of 72.6 levels. In terms of Wave theory this is a flat pattern where wave a after the high of 72.6 was a three wave structure (a-b-c) and wave b will be almost 100% of wave a.
USDINR Medium to Long term view

USDINR is possibly going to stay in a range of 72.6-70.9 levels over medium term but this will not be the range as the overall trend is firmly positive, prices are set to rise going ahead and can even cross 72.6 to test 74 levels. As mentioned above after completing wave b it can move down to test 70.9 levels in the form of wave c to complete wave ii/b. If this is a zigzag …

Japan Nikkei: 3-3-5

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Nikkei Daily chart


Japan's index Nikkei is moving in a 3-3-5 pattern. This pattern is also called as Flat pattern. There are different versions of flat pattern where this is a regular flat pattern.
In this regular flat pattern prices are moving in wave b which is a corrective pattern (a-b-c) in which wave c is ongoing and can move up till 24000.

You can learn Elliott Wave and Neo wave analysis which I have applied on the above chart to forecast price action. This will be a two day webinar which is scheduled on 21st and 22nd Sept running by over 15 hrs and the cost for it will be 10000/-. For registration call 9324174580.

Technical Analysis Basic course

Technical Analysis Basic course is designed for amateurs or people who wants to learn and understand price action. Charts are the only tool for an analyst to look ,analyse and forecast price.
This course will not only help you to learn but will help you to practice applying different tools and techniques like trend lines, channels, support and resistance, Fibonacci Retracement and projection. For details of the syllabus and course you can click on the below link:
https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

MCX Crude: why I was bullish

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MCX Crude hourly chart


I was bullish for crude from last week as soon as it tumbled from 4200 to 3800 levels. I had tweeted too about it that it will surge. I have still not shown the wave counts but you can learn Advance technical analysis which is Elliott Wave and Neo wave,a two day webinar running for over 15 hrs costing 15000/-. It is scheduled on 21st and 22nd Sept. For registration call 9324174580 or mail meghmody@gmail.com.
Here is the analysis
From above hourly chart, prices have found a solid support near 3820-3800 levels as far as it is intact it is likely that prices are positively poised and can move higher going ahead. Breach of this level will infuse selling pressure and also there will be long unwinding. 
As per wave theory, prices have completed wave  ....near3840 odd levels which is a five wave structure. Now it is difficult for prices to move down. If it does then I have to force myself to change my wave counts. I believe that wave... is over and wave... will start …

Dr. Copper: Bullish bias

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MCX Copper Weekly Chart



The above chart is a self explanatory chart and will not go into detail. All I want to show you is that at present Copper prices are moving in a range of 470-400 levels. Any move above ... will open the further positive possibility which can soar prices way higher.
At present it is difficult to say if the counter trend is over or still ongoing after 5 waves up. Copper over long term is looking bullish and can move above ..... 
It is difficult to interpret wave counts esp when it is not marked at one higher degree. You can learn Elliott Wave and Neo wave with me on 21st and 22nd Sept. A 15 hr long webinar covering all the important concepts of how to mark waves and forecast it. The webinar will be a paid one and will cost 15000/- for two days. For registration call 9324174580 or mail meghmody@gmail.com

MCX Silver: W=Y

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MCX Silver Daily chart


From the above chart, it is self explanatory that prices have shown a reversal at the top. This top of 51000 odd was a Fibonacci resistance which I will be explaining you later. Currently in the weekly chart Silver has made a reversal candle known as shooting star pattern and has also given a confirmation last week by tumbling almost 1300 points on a single day i.e on Friday.  
As per wave theory, I have marked my waves and shown in the above chart. I think that the top is in place and Silver is most likely to falter in coming week. The entire formation is a complex correction pattern where I have marked (w-x-y) and within that it can be seen as a w-x-y pattern. The best thing is that wave w at the highest degree in the above chart is equal to wave y which is 100% of wave w. This is an important resistance zone as the entire (w-x-y) pattern is a regular flat pattern.
Lear Technical Analysis to forecast and catch reversals. Elliott Wave and Neo Wave Webinar is s…

MCX Crude Analysis Video

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MCX Crude is been moving in a sideways pattern and is consuming time. This time analysis can help to predict when will price reverse and where it will reach. You can learn Elliott Wave and Neo wave analysis which is going to be conducted on 21st Sept and 22nd Sept. A webinar explaining important concepts and running by over 15 hrs. The fees for the webinar will be 15000/-. Learn it and stay ahead of the important reversals.
Here is the video

Triangle pattern in Crypto

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Triangle pattern is not easy to identify especially when it is forming. There are some rules to follow to identify it. In my earlier video I have explained symmetrical triangle pattern. If u have not seen it you can watch it here. 
Technical Analysis explaining Triangle pattern

Triangle pattern in Bitcoin

Learn Technical Analysis basic course which is going to start from 12th Oct. A fortnightly course which will help you learn from inception. Understand in detail how does it work. For registration you can call on 9324174580. The course details are here.
https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

QE by ECB was it a surprise?

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I have been saying that QE is required to prevent slowdown in the global economy. It was not that difficult. Check out how I did it.

EURINR: Extracting Triangle Neo wave

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EURINR DAILY CHART


EURINR 15 MI S CHART


In the daily chart of EURINR I had shown a bearish Head and shoulder pattern. Once this pattern was complete, prices tumbled till 77 levels and then it move up till 80. The level of 80 is where the neckline of the HNS pattern is placed. Prices tested the neckline and formed a complex pattern on smaller time frame.
This pattern in Neo wave is known as extracting triangle. I will not go into detail of how to recognize the pattern but you all can learn in my advance technical analysis session. It's a two day paid webinar covering Elliott and Neo wave concepts by over 15 hrs. The cost for it is 15000/-. For enquiry mail at meghmody@gmail.com

Ethereum: Wave V of wave 5

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Ethereum 60 mins chart


It seems the the Crypto Currency is moving in the last leg of wave 5. This leg looks to be an ending diagonal and can move down near till or below it's previous low.
Ethereum can tumble till 169-165 levels and if the selling pressure intensifies it can move till 160 levels too.
Find out what will happen next in this counter. Learn TA basic course or Advance course the details are here click on the link
https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

https://www.marketanalysiswithmeghmody.com/2019/09/elliott-wave-neo-wave-gann-analysis.html

Bitcoin: Buy on dips

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Bitcoin Daily chart


Bitcoin is moving in a triangle pattern as it can be seen in the above chart. Currently the crypto currency is facing the resistance of the upper trend line and it is moving down to test the support of the pattern.
Wave theory suggest that, this is the last leg of triangle pattern which can move down near till 9600-9500 levels and then a prices can advance back.
As of now it can dip slightly in this week near till 9600-9500 levels but the overall trend is positive.
Learn Technical Analysis Basic course covering all the important topics. It will be fortnightly course explaining from the inception. For details click on the link

https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

MCX Nat Gas

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MCX Nat Gas Daily chart


MCX Nat Gas is moving now by crossing its previous day high, giving a positive indication. Prices which were in a bear grip from some time is all set to now surge till at least  50% to 61.87% of the previous fall.
As per wave pespective, prices have completed (a-b-c-x-a-b-c) and is now moving higher in the next . The level of 230 to 250 is where prices will soar. The current up move looks like an impulse and will update as soon as the wave unfolds.
Learn Elliott Wave and Neo Wave analysis, a two day paid seminar which will help you to learn and forecast a lot about prices. The cost is 15000/- and the duration will be 15 hrs for two days. Learn, Forecast and exhibit, stay ahaed of the crowd. For registeration mail meghmody@gmail.com

MCX Nickel: Anticipated Happened

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MCX Nickel Daily chart Anticipated


MCX Nickel Daily chart Happened

As expected Nickel moved as per the forecast I had made. Those who have not read the previous update can read in the below link.
https://www.marketanalysiswithmeghmody.com/2019/08/mcx-nickel-impulse-cycle-and-forecast.html
It is always good to study your own charts and analyse. Technical Analysis helps you to study chartssystematically and with discipline. I am going to take a webinar for Technical Analysis Basic course. This will be for minimum 15 days and can extend as well. The details of the course are here in the below link
https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html
Those who want to learn advance Technical Analysis which is Elliott Wave, Neo Wave and Gann Analysis can check the below link
https://www.marketanalysiswithmeghmody.com/2019/09/elliott-wave-neo-wave-gann-analysis.html


Moving average applied on Nifty

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I have used two moving averages to understand what is happening with the index and what will happen next. Not much details are shared but if you are genuinely interested to learn TA basic course you can mail me meghmody@gmail.com. The details of the syllabus is in the link below...


https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

USDINR: Expanding Diagonal

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USDINR 15 mins chart


USDINR moved up in a five wave structure. In wave v it made an expanding ending diagonal. Diagonals come in wave v and in.... It seems that wave v is done and a corrective wave is on its way. Find out how much it can move lower..
Learn Elliott Wave and Neo wave for details click on the link

https://www.marketanalysiswithmeghmody.com/2019/09/elliott-wave-neo-wave-gann-analysis.html

Technical Analysis explaining Candlesticks

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Click here for the video


Technical Analysis explaining Triangle pattern

Click the link for the video

https://youtu.be/yMvQdPprA9M

Larsen and Toubro: Inverse Descending Triangle

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LT daily chart


Technical Analysis helps you to draw trend lines but at times it is important to use this trend line to draw for patterns. In the above chart I have used to draw an inverse descending triangle, which is visible. 
A triangle can also give you pattern target. All this things you can learn in my next Technical Analysis basic session where I will be covering many topics. The details are here:
https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html
Webinar.                                Fees.                 Tenure Techical Analysis basic.       15000/-.         2 weeks  Elliott and Neo wave.           10000/-.         2 days Elliott, Neo n Gann.               20000/-.         5 days

Explaining Head and Shoulder pattern video

To view full video click here

https://youtu.be/wMbbEV9-Wtk

Axis Bank: Five Waves down

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Axis Bank Daily Chart


Axis Bank which is one of the underperformer in the banking sector has now shown signs of cooling of the downfall. There are numerous technical reasons behind it. 
Prices bounced from the lower end of the red channel and is facing the resistance. For a trend to change the stock needs to close above 680 levels which will give a bullish break in the rising channel formation. Once it is done it will also move above 20 EMA (red). Sustaining move above 680 will surge price near 61.8% of the fall.
Elliott Wave theory indicates that, five waves down are down in which wave iv was a expanding triangle followed by wave v. Prices are poised to move till 61.8% which comes to 750 levels which can be wave ii or wave b. 
In short, expect prices to change the direction and move till 750 levels. A positive confirmation by price will be obtained by crossing 680 levels decisively.
To learn basic Technical Analysis click here for details

https://www.marketanalysiswithmeghmody.com/20…

Yes Bank: Complete Wave Cycle and Gann Analysis

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Yes Bank Weekly chart


Elliott Wave analysis helps to understand possible support and resistance especially five waves up and three waves down are so evident. From the above chart, prices have completed or on the brink to complete (A-B-C). Currently prices are moving in wave C. This A-B-C pattern is a Zigzag pattern in which wave c is near to 100% of wave A to wave B. 
I strongly think that prices are on the verge to form a bottom and can move higher from current levels. This can also be a trend reversal. I have also marked the level of 49. The importance of this level can be explained in the below chart where Yes Bank is explained via Gann Analysis.
Yes Bank Weekly Chart

From the above chart, I have shown square of 9. The master calculator which W.D Gann was using. I have used this calculator to predict that 49 is an important support, reason being it falls on the ordinal cross. So ideally, it is difficult for Yes Bank stock price to move down below 49 or it can also be interpreted t…

Elliott Wave Cycle Video for learners

Click on the link to view the video


https://youtu.be/ZONgXIXmBPI


Learn Elliott Wave and Neo Wave in my Webinar. A two day course with the details mentioned in the below link

https://www.marketanalysiswithmeghmody.com/2019/09/elliott-wave-neo-wave-gann-analysis.html

How to identify trend reversal? Video

Well just click the link and don't forget to subscribe. Click here
https://youtu.be/QLUZAhQRZos
You all can learn Technical Analysis in my next Webinar scheduled from 12 Oct to 31st Oct. Basic technical course which will be covering numerous topics. To know the syllabus you can click here

https://www.marketanalysiswithmeghmody.com/2019/09/learn-technical-analysis-basics.html

Elliott Wave + Neo Wave + Gann Analysis Technical Course

There is no age for learning and no shame too. People who are willing to learn at each stage of life will always be successful. 
I have grouped Three in one syllabus which will be covering Elliott Wave, Neo Wave and Gann Analysis. A five day webinar covering all the important concepts of the above three. This is advance technical analysis. The fees will be 20000/-

If you want to only learn Elliott Wave and Neo wave that can also be done. It will be a two day webinar with more than 12-15 hrs session. The charges will be 15000/-

For enquiry and registration mail me at meghmody@gmail.com

Learn Technical Analysis basics

Greetings!
    This is to inform you that I am conducting a Webinar on Technical Analysis which will be focussed on Basic technical tools, oscillators, momentum indicators and so on. This will be conducted by me and will be explaining you indepth about the topics which I will be covering. Here is the list.
Trends Trendline Analysis and it's Characteristics Types of chart Gaps Moving Averages and it's Characteristics Dow Theory Fibonacci Retracement and projection Oscillators like MACD, RSI, ADX etc Patterns Elliott wave basics Options basic
All in one. This will also help you for undertaking CMT level 1. The fees will be 15000/- and the tenure can me more than 2 weeks. It will be conducted everyday for minimum 2 hrs. If you want classroom training that can also be done but only Sundays. The minimum people required will be 15-20 for the classroom training.

Any one interested can mail me on meghmody@gmail.com or call me on 9324174580.

Nifty to test 11000 back 5 Sept 2019

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Nifty 60 mins chart


Nifty is moving a triangle pattern. This pattern has five Waves within. It is likely that wave e is pending back up which can soar prices back till 11000-11100 levels. Wave e is also known for a failure too, which means it can fail to test a-c line.

Nifty post market analysis 3rd Sep 2019

Click on the link to get the update

https://youtu.be/tWFe9sREjCQ

US 10-2 year yield spread chart

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Daily chart


From the above chart we all can see that the yield curve has gone below zero this making it inverted. It is making an effort to remain above zero at present.
If the yield curve moves below zero, it means slowdown or recession is nearing. If this happens Reserve Banks from across the globe will start quantitative easing so that they can bring back the economy back to normal. Now ECB meet is lined up along with FED. This will give enormous hint in coming days.
I have place manual wave counts where I see that the asset class has moved down in a 5 wave structure. Once the five wave is done it reverses.

Nifty: Extracting triangle Neo wave

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Nifty daily chart


I am coming with another possibility of wave pattern and counts. This does not change my view as compared to previous posts but it supports with Neo wave counts. I will not go through the chart but will explain the wave counts
In the daily chart, I have marked w-x-y pattern in which we are in wave y. Wave y is moving in a triangle pattern. This pattern is called extracting triangle. It has five Waves within (a-b-c-d-e). It is currently moving in wave e. Once completed market will move up. Just like Neutral triangle, Extracting triangle can be identified. In this pattern wave c has to be smaller than wave a and wave e needs to be smaller than wave c.
Once this completes Nifty will progress to my mentioned levels and thereafter will be updating based on price movements.

GBPINR: Elliott Wave forecast on smaller time frame

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GBPINR 15 mins chart


Cable is moving lower as it broke the rising trend line. The INR pair continuous to make lower highs and lower lows which is a negative sign.
As per wave theory, the advance looks to be a Zigzag where wave a is equal to wave c. Later the fall is impulsive and it will continue to stumble till 85.80-85.60 levels which is 50% Retracement of the previous rise.
The summation is, GBPINR will falter till 85.80-85.60 over short term with resistance at 88 levels.


Nifty 60 mins chart video

Nifty is moving in a corrective fashion. All the internal legs are three wave pattern and has all different peculiarities which does not resemble to normal wave structure. I believe that this can be an extracting triangle. This is where I am jumping to the conclusion but let's see how market moves next week.
https://youtu.be/BN2Mhc0qNzU

Elliott Wave Corrective Zigzag wave explained in Video

Get to know Corrective Waves esp Zigzag waves. How to identify it? How similar it is with impulse wave? What are the rules and guidelines of Zigzag waves. Here is the video. Click on the link.
https://youtu.be/TkNZNMCH9Ww