GBPINR Elliott Wave and Neo Wave Analysis

 GBPINR Fut hourly continuous chart

From above chart it is very clear that, prices have formed a distribution pattern which is an indication that the pair will sink going head. The pair from 100 is now trading down to 99.5/6, such dynamic fall is only possible with formation of a pattern on upside.

I have found a distribution pattern which is a rising wedge, prices can dip near to its previous low which is 99, any break below this level will infuse further selling pressure dragging it till 97-96 levels over medium term.

From Wave perspective, ending diagonal in wave v is evident also in wave iv we can see bow and tie diametric which has seven legs in it (Neo Wave). After wave v prices will move in corrective form which I will monitor and keep updated.

Education

Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in a week for around 2 hours. This theory can be applied on all free floating markets. In this course learn from basic to advance and the fees for the same will be Rs. 12,000/-

Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-.

Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivli Station. For inquiry and registration call +919324174580.


Comments

Popular posts from this blog

Nifty in Ending Diagonal Pattern?

Gold Anticipated Happned

MCX Crude Oil - Reversal as per Elliott Wave Analysis