Index is breaking below the channel support but more importantly 1.3.2014 (9723) pivot has given up in our  system due to which we believe Index has completed a cycle from 12.6.2013 (9235). This leaves us looking for a pull back in wave ( B ) which can reach as low as 9738 – 9891 which […]

  Bias is a word many traders use in the daily trading. Bias has a very wide definition but the most important one related to trading is (mental tendency or inclination, especially an irrational preference or prejudice) . If we analyse our trading results, we can draw a line or conclusion and see a tendency. We, […]

Cycles from 1363 & 1434 highs have ended and yellow metal is trading higher. Initial move up from 1182 – 1248.50 was in 3 waves which we have labelled as red wave A. This was followed by a running FLAT correction in wave B which completed at 1218. Pair is currently trading higher in wave […]

Preferred view suggests wave (( B )) has completed at 1.5355 and pair has resumed the decline in wave (( C )). Wave B pull back is expected to fail between 1.5186 – 1.5225 and  should stay below 1.5355 peak for this view to remain valid which calls for another leg lower toward 1.4747 – […]