Short term Elliott wave count suggests that decline to 16335 ended wave ((x)). Rally from there is unfolding as a double three where wave (w) ended at 17170 and wave (x) pullback is proposed complete at 16885. While Index remains above 16885, and more importantly as far as wave ((x)) pivot at 16335 stays intact, expect more upside in […]

Preferred Elliott wave count suggests that dips to 15926 ended wave (X) and Index has started rally higher in the form of a zigzag structure where wave (v) of ((a)) is in progress and can reach as high as 16911, then it should pullback in wave ((b)) in 3, 7, or 11 swing to correct rally from 15926 […]

Preferred Elliott wave count suggests that dips to 15926 ended wave (X) and Index has started a rally higher in the form of a double three structure where wave ((w)) ended at 16740. While Index stays below there, expect the Index to pullback in wave ((x)) to correct the rally from 15926 in 3, 7, or 11 swing. Then, as far […]

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 […]