Let’s start by getting one thing straight: trading is not easy. There are so many pitfalls and traps that people create for themselves, even before they look at a chart. That’s right; most traders are setup to fail before even considering the validity of their system, or their style of trading. This is mainly because, […]

As Humans, we tend to form a worldview about everything. For generations, many great individuals have fought wars and lost lives because they have a firm belief in a particular worldview. The same thing can be applied in trading. In the world of trading, we too tend to have particular view about the direction of the market. However, as […]

Short term Elliottwave structure suggests rally from 7/6 low is unfolding as a double three where wave (w) ended at 6703.09 and wave (x) pullback is in progress towards 6587.2 – 6609.45 area before turning higher one more leg towards 6810.46 – 6845.1 area to complete wave (W) and end cycle from 2/11 low. Index has reached […]

Short term Elliottwave structure suggests rally from 7/8 low is unfolding as a triple three where wave (w) ended at 6579.25, wave (x) ended at 6515.24, wave (y) ended at 6698.54, and 2nd wave (x) ended at 6654.26. While pullback stays above 6654.26, Index is expected to extend 1 more leg higher towards 6810.46 – 6845.10 area before […]