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MSFT: Bears Have Taken Control Over Bulls

April 7, 2022, 1:17 pmJuly 1, 2023 3 23062

MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).

Traders can expect the following targets: 289 – 272 – 265 for wave (c). Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.

An uptrend is only possible after the breakout of the parallel channel.
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AUDJPY: Will AUDJPY Confirm Its Bull Run?

February 1, 2022, 5:44 pmMay 31, 2022 3 42693

AUDJPY is forming a contracting triangle. Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).

In my previous article, I have mentioned that “Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That’s why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E”.

Price has reached all of these targets.

Click Here to read the previous article.

The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trend line and start the bullish move.

Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 – 83.850 – 84.185+.

Invalidation: Breakdown of the A-C trend line.

EURCAD: Bullish Scenario is Active!

February 1, 2022, 4:34 pmJuly 11, 2023 1 42106

EURCAD is forming a downtrend channel.
Price is establishing a final sub-wave 5 of wave (5).

In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.
Price reached all the targets of wave (5).

Click Here to Read previous article.

Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.

After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.

Please note that without a breakout, trend changes may not be possible.

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EWT – AUPJPY Is Ready For The Last Target

January 11, 2022, 12:34 pmJuly 11, 2023 2 42956

Before:

AUDJPY is forming a contracting triangle of corrective wave E.

Wave D was near to accomplish, and the price had bearish sentiments, where it was a beginning phase of wave E.

I had written in clear words, “Wave (E) can complete between 0.618 to .786 Fibonacci levels. That’s why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E. If you want to trade wave (E), then you should have a trailing stop due to the high volatility of wave (E)”.

Click here to read previous research report.

After:

Price has made a high at 84.302.

5 January 2022, the price made reached the first target of 83.44

10 January 2022, the price reached the second target of 82.50. Price had made a recent low of 82.32.

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Is Silver(XAGUSD) Ready For Trend Change?

January 9, 2022, 7:39 pmJuly 1, 2023 2 39301

Silver(XAGUSD) has formed a downtrend channel for more than 48 weeks. Price has made a high of 30.03, and sellers entered the market.

Price Action Perspective:

Price has made a series of Lower Highs and Lower Lows, and the control line gives nine touches.

According to Dow theory, if the price breaks the previous LL, it will make a new LL. The upper band & lower band has provided strong reversals to the price.

After breaking the LL, if the price gives a breakout of the downtrend channel, it indicates the worst fundamentals. And if the price gets reversed to create the lower band of the downtrend channel, the price will march to the upper band touch.

Elliott Perspective:

Price has constituted a corrective structure, where price has completed double zigzag(w-x-y).

It will create the last leg wave Z in order to complete the Triple correction. After making the last leg Z, silver will start a five-wave impulsive wave.

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Will Gold (XAUUSD) Reach $2050 Before December 2022?

January 9, 2022, 5:42 pmJuly 1, 2023 12 190143

XAUUSD is forming a triangle on the wave ((4)).

This correction has taken more than 17 months, but the triangle is not over yet. Price has completed wave D of the 4th wave triangle, and wave E of wave A is in progress.

After completing the wave sub-wave A, the price will start wave B & then wave C.

The ending point of wave E is the starting point of the impulsive cycle.

Calculation of wave E:

Wave E can end 100% of wave sub-wave A at 1726.

Wave E can end near previous sub-wave B at 1719

Wave E can end at 100% of wave D at 1704.

Traders can wait for the breakout of the B-D trend line. Note that if the price doesn’t break the B-D channel, sideways will be continued.

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NEWLY PUBLISHED COMMENTS: READ WHAT THEY’RE TALKING ABOUT...

Vishwanathan S said on Nov 26 2024
ABB perfect winner trade.. 👏👏👏
Madhu Baikar said on Nov 19 2024
Your consistency in breaking down complex market movements is truly remarkable. Always look forward to your posts.
Pratishthatrading said on Nov 19 2024
Excellent job!
Dr. Vipul Jain said on Nov 19 2024
Great analysis! The detailed breakdown of the Elliott Wave pattern on NSE Nifty is very insightful
Namratavyas said on Nov 19 2024
Is Wave B likely to follow after Wave A's full correction?
Naishu Kakadiya said on Nov 14 2024
Your calls have been on point! Interested in more updates like this for clients who want to stay ahead in the market.
suraj415 said on Nov 14 2024
Great breakdown of REC LTD! I’ve been seeing great results with your recommendations.