Cycle Wave

CycleWave - Now on Discord server

2020-09-02T14:10:00.002+01:00

Hello Traders & EW Analyst,

We are happy to announce that, CycleWave launched the Discord server one month ago to share trading ideas based on Elliott wave principles. Discord is the great platform to organize every trading ideas across different segments like crypto-currencies, currency pairs, commodities, major future indices & stock markets, which is similar to what's App or telegram, but having more functionality than both having both mobile and desktop versions for easy accessment.

All the trading ideas are separated in such a way that you can access current as well as historical analyses of each instruments at any time on your electronic devices like laptop, mobile phones or desktop with ease. You will notified for every updates on your mobile phones, so that you never missed anything, which you don't want to.

Discord server is a complimentary service started by CycleWave, which provide the great all in one platform to access different stock markets at one place like US, German, Hang Seng, India, UK and many more. Users can directly interact with us on chat as well or with other users of the server to discuss or share the trading ideas, news and views. Discord is similar platform like Telegram, but having more features to mange and retrieve the data very easily.

In Discord updates, every instruments are analysed in minimum 30 min time frames on daily basis so that traders & analysts both find swing & daily trade set ups. Other than 30 min weekly and daily time frame analyses also included to pin point the major trend across any instruments. Stocks (all markets) updates once in a week, while cryptos, currency pairs, commodities and major future indices are updates on daily basis. So you can click here to find your invitation link.

Some Screen shots attached to give the sense of Discord platform, that how it works.

How many segments included in Discord ? - You can check the screen shot of Discord community server to get idea. As mentioned Cryptos, currency pairs, commodities, major future indices, stocks from US, Germany, India, Heng Seng etc & trader's point.

How many crypto currency included to Discord ? You will get daily updates on Bitcoin, Ethereum, Litecoin, Chainlink, BandTetherUS, EOSUSDT initially.

How many currency pairs included to Discord ? - All major currency pair including USDollar, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDMXN, USDCHF, JPYEUR, EURGBP & USDINR. Major of them updated on daily basis.

How many commodities included to Discord ? - All metals including Gold, Silver, Platinum, Palladium, Copper, Aluminum, Nickel, Zinc, Energy including Crude oil, Gasoline, Heating oil, Natural gas, Grains including Wheat, Corn, Soybean and Softs like Cotton, Cocoa, Coffee and Sugar, which are all updated alternatively.

How many market indices and futures added in Discord ? US , European and Asian indices and respective futures added including US sectors.

How many US stocks included in Discord ? Top 50 large cap stocks including hot stocks in up and down trend.

How many German stocks included in Discord ? Around 40 major German stocks & sectors are included for analyses.

How many Indian stocks included in Discord ? Top 100 nifty stocks by volume & nifty sectors are included for analyses.

How many Heng Seng stocks included in Discord ? Around 30 stocks & sectors are included for analyses.

How different users can interact at Trader’s point ? - Every users can interact with other users at Trader’s point to share ideas, news and views under separate pages set for different segments to make it more interesting rather than annoying. No users can allowed to post any messages under the daily updates, which makes it more attractive and clean to study.

Here is your invitation link to join CycleWave on Discord.

EW Counts - US Stocks

2020-08-01T20:47:00.001+01:00

Join CycleWave at Discord community to get more exciting trade ideas for free. Now on wards no more updates available on the blog. So click here to join Discord.

8/1/2020

Apple Inc (AAPL - NDX) - stay long for 5^th of 5^th wave up

Apple Inc (AAPL - NDX) is in 3^rd of 3^rd wave, so go long in three wave pull back in 10 min time frame for new high. The high volume will drive it easily upward, as the major trend will be in up direction.

Microsoft Corporation (MSFT - NDX) - stay long for 5^th wave cycle up

Microsoft Corporation (MSFT - NDX) is 3^rd of 5^th of 5^th wave up so, so stay long with stops below 198.98 level as the low of 2^nd subwave. The price will go higher above 216 to complete the 5^th of 5^th wave.

Amazon.com Inc (AMZN - NDX) - stay long for 5^th of 3^rd wave up

Amazon.com Inc (AMZN - NDX) is in 3^rd of 5^th of 5^th wave in 4 hr time frame. So stay long with stops below 3056 for target above 3450 or higher. It is the part of Nasdaq stocks, which is already out-performing the market.

Facebook Inc (FB - NDX) - Stay long for C (or 3^rd of 3^rd ) wave up

Facebook Inc (FB - NDX) is in 3^rd of C (or 3^rd) wave up, so wait for three wave pull back to get in to trade. The volume driven price action will easily go for one more high after first three wave pull back in 10 min time frame.

Visa Inc (V - SPX) - Will bulls take control again ?

Visa Inc (V - SPX) it is in 2^nd subwave correction of 5^th wave up, so stay long after confirmatory impulse move up in 5 min time frame as reference with stops below 187.27. In weekly time frame it is in 5^th wave and strong up trend.

Johnson & Johnson (JNJ - SPX) - stay long

Johnson & Johnson (JNJ - SPX) is in either 3^rd or C wave up in 30 min time frame, So stay long after one confirmatory impulse wave with stops below 143.99 for target zone of 156.80 or higher. It is strong stocks in weekly time frame.

Procter & Gamble Co (PG - SPX) - choppy or bullish- what’s next ?

Procter & Gamble Co (PG - SPX) is in 5^th of 3^rd of 3^rd wave up in 60 min time frame, so stay long above 129.29 in pull back (if you get). There are alternate counts possible, but stay long in every three wave pull back until its within the time range of previous wave for new high every time.

Taiwan Semiconductor Manufacturing (TSM - SPX) - stay long

Taiwan Semiconductor Manufacturing (TSM - SPX) It is in 4^th wave correction and may take more time, so wait for more time to clear it as correction. Stay long in the stock as momentum and huge volume suggest more upside there and go beyond 85 level in final move up.

Home Depot Inc (HD - SPX) - Bulls in control

Home Depot Inc (HD - SPX) is 5^th of 5^th wave up, so stay long with stops below 260.68 for target above 271 or higher. It broke the triangle in 4^th wave, so reversal will be faster down move, so this trade considered to be quick in and out type.

Verizon Communications Inc (VZ - SPX) - stay long

Verizon Communications Inc (VZ - SPX) is in 5^th of 3^rd (or C) wave up, so stay long in small pull back in 10 min time frame. Overall it is in ABC zigzag in 4 hr time frame, so this move would be impulse (C) wave up. Stay long with stops below 56.64 for target of 58 or higher.

AT&T Inc (T - SPX) - Choppy price action

AT&T Inc (T - SPX) is in C of (X) wave with in correction, so it should go higher until it holds price above 29.25 as 2^nd subwave of C wave. Let’s see how price will unfold. When (X) wave is over, stay bearish for (Y) big down.

Pfizer Inc (PFE - SPX) - stay long for 5^th up

Pfizer Inc (PFE - SPX) is in ABC zigzag correction in 4 hr time frame. It is in 4^th wave correction of C wave up, So stay long in 37.40-38 zone for target above 40 as 5^th wave of C wave. The 4^th correction is in progress, which is supposed to be flat or complex in nature as wave 2^nd was sharp correction.

Netflix Inc (NFLX - NDX) - stay long within correction

Netflix Inc (NFLX - NDX) is either in impulse sequence as 5^th wave up or within correction as abc in its last cycle in 30 min time frame. In both the cases, price is in up cycle, so go long with stops below 477.89 for target of around 520 or higher in pull back within 10 min time frame.

Chevron Corp (CVX - SPX) - Bears continue domination

Chevron Corp (CVX - SPX) is in ABC zigzag down in 2 hr time frame, where C down is in progress and 4^th of C on the way. So stay short for 5^th wave down. Here A was leading diagonal so the losses will possibly extend. Keep eye on it, because it is possible that the 1^st extended wave of C is just about to end after 5^th wave ended.

Adobe Systems Incorporated (ADBE - NDX) - stay long in 5^th wave

Adobe Systems Incorporated (ADBE - NDX) is in 5^th wave up after 4^th wave finished in triangle, so stay long with stops below 435.75 as 2^nd subwave low for 3^rd subwave up. The target zone will be above 475. The major invalidation level of the pattern is 427.13 as triangle wave E low price.

PayPal Holdings Inc (PYPL - NDX) - stay long for 5^th of 5^th wave up

PayPal Holdings Inc (PYPL - NDX) is in 5^th of 5^th wave in 4 hr time frame. So stay long in three wave pull back in 15 min time frame as flat or choppy cycle when gets finished. It is in great up trend and out-performing the market.

Abbott Laboratories (ABT - SPX) - stay long for 5^th wave up

Abbott Laboratories (ABT - SPX) is in ABC zigzag up move in 4 hr time frame. It is in 5^th subwave up of C wave, so go long in small pull back with stops below 99.11 for target above 104 or higher price. B wave spent enough time to fuel up the price.

Tesla Inc (TSLA - NDX) - Choppy price action before bulls hit again

Tesla Inc (TSLA - NDX) is in 4^th wave correction as WXY complex. So wait for it to be finished. It is in Y leg down and take little time before resuming the up trend again.

Novamax Inc (NVAX - NDX) - Bulls will be taking control after 4^th correction over

Novamax Inc (NVAX - NDX) is in 4^th wave correction in the cycle, which is progressing in WXY correction. Y wave down is in progress in 30 min time frame, so wait for it to finish around at 135 zone. Enter in long trade within that zone to trade 5^th wave up for target above 158 or higher.

Biomarin Pharmaceutical Inc (BMRN - NDX) - stay long for 5^th wave up

Biomarin Pharmaceutical Inc (BMRN - NDX) has completed 4^th wave correction in 4 hr time frame and ready to resume the up trend as 5^th wave cycle. So go long with stops below 117.77 for target of 135 or higher. Wait for confirmatory impulse wave before taking an entry in 5 min time frame.

For historical analyses of SPX and stocks click here.

Major World Indices

2020-08-01T09:39:00.001+01:00

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8/1/2020

SPX (SPX - NYSE) - it is within 3rd of 5th of 5th wave up, so stay long above 2nd wave low.

NDX (NASDAQ 100) - It is in 3rd of 5th of 3rd wave, so stay long as it is the only index outperforming most in US market.

Shanghai Composite (SHCOMP SSEC) - It is in 5th of 3rd wave up in 2 hr time frame. Stay long above the invalidation level for new high as target. It will end the 3rd wave at new high.

Singapore MSCI (SGP1!) - It has completed WXY double zigzag correction, which is qqual in distance. So next price action would be possibly choppy as ABC correction expected. Overall its weak market compared to other Asian markets. So stay bearish once it completed three wave bounce.

Taiwan Weighted (TAIEX) - It is the strongest market in the world, which made new high above previous daily high after vicious fall in Corona Pandemic. The move up is easily classified in impulse and seems completed. As its a strongest one, it can make a new high within correction.

Nifty50 (Nifty) - It is in choppy correction upside as (X) wave up, which should unfold in ABC or wxy. so stay bullish. It may possible to make a new high too.

For historical analyses of World Indices, please click here.

EW Counts - India Stocks

2020-08-01T07:20:00.000+01:00

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8/1/2020

Nifty50 (Nifty - NSE) - It is choppy in correction as WXY, where X wave up is in progress, so stay bullish and trade for small targets. It is possible to make new high within correction. The trading range for next week will be around 11100-11500.

Nifty Bank (Banknifty - NSE) - The choppy abc correction downside seems over, where 5th of 5th down might be truncated. Gap down will end that wave, so it would be considered good buy with stops below day low (if done on Monday). Possible price action will be choppy ABC, so stay slight bullish.

Nifty midcap50 (Niftymidcap50 - NSE) - It is in choppy correction and will possibly go upward in abc correction for either (X) wave or 5th subwave as extension (which considered low probability). So stay slight bullish and get in to three wave pull back after confirming a wave.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Bulls takes control

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) has completed ABC flat correction down, where C was extended cycle. It is now in ABC up cycle, where A impulse and B corrective finished. So stay long with stops below 310 for target up to 330-36 zone.

Axis Bank Ltd (Axisbank - NSE) - Choppy but slight bullish

Axis Bank Ltd (Axisbank - NSE) is in ABC correction, where B wave is in progress and c of B will probably go up, so sell near 450-65 zone for C wave down, when B wave gets finished. It is overall under-performer stock to Nifty.

Bajaj Auto Ltd (Bajajauto - NSE) - Choppy price action

Bajaj Auto Ltd (Bajajauto - NSE) is in corrective mode as ABC cycle. So it will start B wave soon. Stay bearish when it over for C wave down. It can turn into more complex correction as WXY. So wait for confirmation.

Bajaj Finance Ltd (Bajajfin - NSE) - Choppy to bullish price action

Bajaj Finance Ltd (Bajajfin - NSE) has completed ABC sequence down in 30 min time frame as W wave and now correcting up in X wave, where c wave will start soon. So it may be possible to make new high in X wave, so stay long with stops below 3183.50 for target of around 3430 or higher..

Britannia Industries Ltd (Britannia - NSE) - Choppy correction - Bulls will take control

Britannia Industries Ltd (Britannia - NSE) is in choppy ABC correction, where B wave is in progress, so wait for C to over at around 3700 level to get in for long trade for 5^th wave up move for target above 4050 - 4150 level.

Bharti Airtel Ltd (Bhartiartl - NSE) - choppy but bearish price action

Bharti Airtel Ltd (Bhartiartl - NSE) stay bearish when B over for C down in Y wave at around 565-70 with stops above 578.10 for target below 540 or even lower.

Eicher Motors Ltd (Eichermot - NSE) - Bullish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - NSE) has completed impulse wave since last low, so choppy to bearish corrective action expected. Stay short in B wave near 21200-400 with stops above 21735 for target in range of 20000 - 19700.

HDFC Bank Ltd (Hdfcbank - NSE) - Bullish but choppy price action

HDFC Bank Ltd (Hdfcbank - NSE) has completed A wave down and correcting in up move as B wave. B wave probably will unfold in abc zigzag so stay long above 1021.50 as stop loss for target zone of 1090 or higher.

Hcl Technologies Ltd (Hcltech - NSE) - stay long

Hcl Technologies Ltd (Hcltech - NSE) has extended 5^th wave, so stay long if price gaps down near 692 as 4^th subwave of 3^rd of 5^th wave, for new high as target around 725-35 zone. It sector itself is a stronger in last move and continue its gain.

Hero MotoCorp Ltd (Heromotoco - NSE) - Choppy but bullish price action

Hero MotoCorp Ltd (Heromotoco - NSE) It has completed W as abc correction and now going up to complete the X wave, so stay long in pull back after confirming the a wave in X cycle.

Housing Development Finance Corporation Ltd (HDFC - NSE) - Choppy

Housing Development Finance Corporation Ltd (HDFC - NSE) is Y wave as c down, gap down will end up the cycle or may make new low to end the cycle, after that stay long for bounce with stop loss below new low.

ICICI Bank Ltd (Icicibank - NSE) - choppy price action

ICICI Bank Ltd (Icicibank - NSE) is in X wave and will start c of X up so stay long with stop loss below b wave low 340.60 and target will be 362 or slight higher.

Indian Oil Corporation Ltd (IOC - NSE) - stay long

Indian Oil Corporation Ltd (IOC - NSE) has completed 2^nd wave of C wave within ABC zigzag, so wait for confirmatory 1^st wave of 3^rd wave cycle, then stay long with stops below 87.30 for target of 103 or higher initially. Very good set up with high volume support.

IndusInd Bank Ltd (Indusindbk - NSE) - stay short

IndusInd Bank Ltd (Indusindbk - NSE) is in WXY, where W and X waves ended, while Y is in progress. It has completed A wave down in Y wave, so wait for B to over near 540-50 to sell it with stop loss above 560.35 for target below 480 or lower.

Mahindra & Mahindra Ltd (M&M - NSE) - Bullish to choppy bias

Mahindra & Mahindra Ltd (M&M - NSE) is in choppy WXY correction, where C of X wave is in progress, so stay long for new high, then probably it will correct down for Y wave.

Reliance Industries Ltd (Reliance - NSE) - choppy or bullish - what’s next ?

Reliance Industries Ltd (Reliance - NSE) is within 4^th wave correction and b wave will go up. Wait for c to end for resuming up trend again. Trade is possible buy for b wave, sell for c wave down of 4^th wave and finally buy for 5^th wave.

To view the historical analyses of Nifty50 & stocks, click here.

EW Counts - HK stocks

2020-07-20T17:45:00.000+01:00

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7/26/2020

Tencent Holdings Ltd (700 - HSI) - Bulls in control

Tencent Holdings Ltd (700 - HSI) has completed 3^rd wave of impulse cycle and correcting down in 4^th wave, which might be complex or falt correction, so sell when X gets over and stay bullish when 4^th wave correction gets finished.

Hong Kong Exchange & Clearing Ltd (388 - HSI) - Bullish or choppy - what’s next ?

Hong Kong Exchange & Clearing Ltd (388 - HSI) is in correction of either 4^th wave or correction after impulse over as two possibility, but in both the cases the price will go down, so stay bearish in pull back. It is out-performing the HSI so that it can make a new high in pull back, so keep eye in 5 min time frame to track the price action.

AAC Technologies Holdings Inc (2018 - HSI) - Choppy or Bearish - what’s next ?

AAC Technologies Holdings Inc (2018 - HSI) is in 3^rd (or C) wave down. It has completed 2^nd wave correction, which generally expected to be dip and now in 3^rd wave down, so stay bearish with stops above 60.40 for big down as target as stock is in down trend.

Alibaba Group Holding Ltd (9988 - HSI) - Choppy or Bearish - what’s next ?

Alibaba Group Holding Ltd (9988 - HSI) is in ABC down sequence in 30 min time frame, where B wave completed in abc zigzag as expected in previous updates. Stay bearish below 255.15 for target of 220 or lower. The price is in 3^rd wave down, so enter in pull back.

Meituan Dianping (3690 - HSI) - Bulls about to attack again

Meituan Dianping (3690 - HSI) is in final up move of impulse cycle. It has completed 4^th wave in wxy complex correction. So stay bullish with stops below 180 for target of 220 or higher.

Semiconductor Manufacturing International Corp (981 - HSI) - Choppy to bearish price action

Semiconductor Manufacturing International Corp (981 - HSI) is in impulse, which is finished with double top pattern. It dropped in ABC as W wave and now will move up to complete X wave, so stay bearish when X over.

Cansino Biologics Inc (6185 - HSI) - Bearish choppy price action

Cansino Biologics Inc (6185 - HSI) is in C wave down as expected earlier. It is in 3^rd wave of C of Y down, so stay bearish with stops above 238.15 for target zone of 156 or lower.

Weimob Inc (2013 - HSI) - Bulls taking control again

Weimob Inc (2013 - HSI) is in 5^th wave of C wave cycle up in 4 hr time frame. It is in 2^nd subwave of 5^th wave, so wait for it to over and then stay long for 3^rd wave up with stops above 9.60 for target of 13.50.

Microport Scientific Corp (853 - HSI) - choppy price action

Microport Scientific Corp (853 - HSI) it seems 3^rd wave finished as truncated wave. It can either go higher to finished the truncated wave, or go down to complete 4^th wave, so primary count is corrective 4 and secondary count will be 3^rd wave subdivision.

7/19/2020

Tencent Holdings Ltd (700 - HSI) - Bulls in control

Tencent Holdings Ltd (700 - HSI) is in 5^th subwave of 3^rd wave up, so stay bullish with stops below 506.65 for target zone of 565-580. It is very strong stock in weekly time frame as impulse cycle.

Hong Kong Exchange & Clearing Ltd (388 - HSI) - Bullish or choppy - what’s next ?

Hong Kong Exchange & Clearing Ltd (388 - HSI) is in 5^th subwave of 3^rd wave up, so stay bullish with stops below 332.90 for target as new high above 375 level. In weekly it broken up the triangle, therefore price is moving sharply up.

AAC Technologies Holdings Inc (2018 - HSI) - Choppy or Bearish - what’s next ?

AAC Technologies Holdings Inc (2018 - HSI) is in 3^rd (or C) wave down. It is in 2^nd subwave of 3^rd wave, so wait for it to end to sell it down for 3^rd wave. In weekly time frame it is in C wave huge down, where 3^rd wave of C cycle is in progress.

Alibaba Group Holding Ltd (9988 - HSI) - Choppy or Bearish - what’s next ?

Alibaba Group Holding Ltd (9988 - HSI) is in ABC down sequence in 30 min time frame, where B wave is in progress. It can be either zigzag or flat abc, so wait for B to unfold and end, thereafter sell it for C wave down.

Meituan Dianping (3690 - HSI) - Bulls about to attack again

Meituan Dianping (3690 - HSI) is in 4^th wave correction in 4 hr time frame of impulse sequence. It is in ABC zigzag in daily time frame, where 4^th wave is in progress. Stay bullish when correction ends in 30 min time frame for 5^th wave cycle.

Semiconductor Manufacturing International Corp (981 - HSI) - Bulls about to take over

Semiconductor Manufacturing International Corp (981 - HSI) is in impulse cycle in weekly time frame. It is in 4^th wave in 4 hr time frame. The 4^th wave was flat correction abc, where c was five wave decline. Stay bullish now but wait for confirmatory impulse cycle up to get in with stops below 25.85 for target of new high.

Cansino Biologics Inc (6185 - HSI) - Bearish choppy price action

Cansino Biologics Inc (6185 - HSI) is in WXY correction after impulse over in daily time frame. The Y wave down in ABC zigzag probably go down. So stay bearish when B wave finished in 10 min time frame.

Weimob Inc (2013 - HSI) - Bulls taking control again

Weimob Inc (2013 - HSI) is in 5^th wave of C wave cycle up in 4 hr time frame. Stay bullish above 9.60 as stops for target above 14 or higer. In daily time frame it is in WXY correction where Y is subdividing in ABC zigzag and 5^th of C is in progress.

Microport Scientific Corp (853 - HSI) - Bulls are dominant

Microport Scientific Corp (853 - HSI) is in 5^th subwave of 3^rd wave up, so stay bullish above 35.05 as stops for target above 46-48 range. In daily time frame it is in C wave as 5^th subwave of 3^rd wave, where huge volume and high oscillator value confirms the waves.

For Historical analyses of HSI index and stocks click here.

EW counts - Germany stocks

2020-07-11T14:43:00.001+01:00

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7/26/2020

DAX (DE30 - DAX) - Bearish or chopy - what’s next ?

DAX (DE30 - Xetra) has completed 5^th wave in ending diagonal of impulse cycle started from Corona low. It is started correction thereafter, which seems complex WXY or flat ABC, so possible next price action will be choppy up abc from Monday.

SDAXI (DAX Smallcap - DAX) - Choppy to bullish bias

SDAXI (SDAXI - Xetra) is in 4^th correction of 5^th wave, which seems over and 5^th subwave will start to move higher to end the cycle. It doesn’t fit in ending diagonal structure just like DAX.

TECDAX (DAX Technology - DAX) - Choppy to bearish price action

TECDAX (DAX Technology - Xetra) is in WXY complex correction, where W and X both ended in ABC zigzag. A of Y is in progress, so stay bearish in three wave pull back up side.

Adidas AG (ADS - DAX) - Choppy to bearish price action

Adidas AG (ADS - Xetra) has completed B wave in complex WXY corrective pattern, but the drop in (C) wave is not clear wave, so wait for more price action, Stay bearish in bounce with stops above 249.40 for target zone of 215 or lower.

Allianz SE (ALV - DAX) - Will it be choppy or trendy ?

Allianz SE (ALV - Xetra) is in complex correction WXY, where Y is in progress downward. Stay bearish as it progresses in wxy as double zigzag. Wait for x to unfold to get in.

Bayer AG (BAYN - DAX) - choppy price action

Bayer AG (BAYN - Xetra) is in Y wave of (W), which might be extend its C wave, so wait for more price action to unfold. Stay bearish if three wave bounce occur as (X) wave.

Beiersdorf AG (BEI - DAX) - choppy price action

Beiersdorf AG (BEI - Xetra) is in impulse of C wave of (Y) wave. It is in 5^th subwave of 3^rd wave up of C, so wait for two consecutive minor swings to end the cycle and thereafter bearish cycle starts down.

Continental AG (CON - DAX) - Choppy to bullish price action

Continental AG (CON - Xetra) is in (X) wave as ABC zigzag, where 4^th of C is in progress. So wait for 5^th to finish the cycle for (X) wave. Stay bearish thereafter for (Y) wave down.

Deutsche Bank AG (DBK - DAX) - Bearish or choppy - what’s next ?

Deutsche Bank AG (DBK - Xetra) As mentioned in previous updates about diagonal 5^th of C wave, which already did the same as expected. Now it is in ABC zigzag down, so wait for B to unfold then short C wave down.

Deutsche Boerse AG (DB1 - DAX) - Bulls in control

Deutsche Boerse AG (DB1 - Xetra) is in 4^th wave flat or complex correction, so wait for it to over to get in to in for 5^th wave up cycle. It is exaclty moving as per plan till now.

Deutsche Post AG (DPW - DAX) - Bulls in control

Deutsche Post AG (DPW - Xetra) is about to end 3^rd subwave of 5^th wave unless it further extends. So wait for next price action to confirm the waves before reacting it. It is strong stock compared to DAX.

Deutsche Telekom AG (DTEA - DAX) - Bearish to choppy price action

Deutsche Telekom AG (DTEA - Xetra) has completed impulse sequence in 4 hr time frame. It has finished 5^th wave as ending diagonal, which indicates the sharp fall will be the next move. Wait for B wave to get in to sell trade next.

Fresenius Medical Care (FME - DAX) - Choppy to bearish price action

Fresenius Medical Care (FME - Xetra) is in WXY correction, where X wave was ABC irregular flat correction, which always surprises traders by impulse cycle both the sides to confuse them all. Stay bearish for C down cycle in Y wave when B wave gets finished.

EON SE (EON - DAX) - bearish price action

EON SE (EON - Xetra) has completed ABC zigzag up from major bottom and C wave finished with 5^th wave ending diagonal structure. Stay bearish in pull back for target zone of 9.80 or more lower. The fall in price is still not clear cycle, so wait for bounce to get into.

Henkel AG (HNK - DAX) - choppy to bearish price action

Henkel AG (HNK - Xetra) has completed B wave (or X) as the part of correction. Stay bearish from current level below 76.65 for target below 73.80 as wave A (or 1^st ). Keep eye on invalidation level to mark your stops.

Linde PLC (LIN - DAX) - Bulls in control

Linde PLC (LIN - Xetra) is in 4^th wave correction of C wave, so stay bullish as it finish the cycle. Keep eye in 5 min time frame to track the entry and stops to fine tuned the entry.

Merck KGaA (MRK - DAX) - Bearish price action

Merck KGaA (MRK - Xetra) has completed WXY cycle and completed ABC of Y wave in 4 hr time frame. It dropped in A wave, so wait for B wave to finish to get in to sell trade for target zone of 107 or lower.

SAP SE (SAP - DAX) - Choppy or bullish - what’s next ?

SAP SE (SAP - Xetra) 3^rd wave of impulse cycle is over from major bottom in 4 hr time frame. So stay bearish for 4^th wave correction. Price isn’t made any clear corrective pattern yet, so wait for A or W - which wave is formed to trade accordingly.

HelloFresh SE (HFG - DAX) - Choppy price action

HelloFresh SE (HFG - Xetra) is in corrective mode, where it dropped in ABC zigzag and now correcting in abc cycle, wait for more clear price action.

MTU Aero Engines (MTX - DAX) - Choppy or bearish - what’s next ?

MTU Aero Engines (MTX - Xetra) is in (C) wave down, but it must stay below 158.50 to confirm it. So stay bearish in pull back for 3^rd of C wave down as subdivision.

Delivery Hero AG (DHER - DAX) - Bullish or choppy - what’s next ?

Delivery Hero AG (DHER - Xetra) is in C wave down in ABC zigzag, where 4^th subwave will be about to start, so when it finishes stay bearish for one more low to end the cycle.

Deutsche Wohnen AG (DWN - DAX) - Choppy to bearish price action

Deutsche Wohnen AG (DWN - Xetra) is in C wave down in ABC correction, where B wave was complex correction. Stay bearish once 1^st wave impulse confirmed with stops above 41.65 for target zone of 38 or lower.

United Internet AG (UTDI - DAX) - Bearish price action

United Internet AG (UTDI - Xetra) has completed impulse cycle up as expected previously. Stay bearish in pull back when B (or X) over for big C wave down for target zone of 36 or lower.

TeamViewer AG (TMV- DAX) - Choppy price action

TeamViewer AG (TMV- Xetra) is in (X) wave as complex corrective pattern, so wait for it to over to sell for (Y) down cycle.

Scout24 AG (G24 - DAX) - Bearish price action

Scout24 AG (G24 - Xetra) has completed 5^th wave in ending diagonal structure as expected earlier, so stay bearish now in pull back with stops above75.80. It should go big down now. Wait for confirmation to break the diagonal lower trend line.

Siemens Healthineers AG (SHL - DAX) - Choppy to bearish price action

Siemens Healthineers AG (SHL - Xetra) has completed (B) wave and now moving down towards (C) wave. Stay bearish with stops above 45 level for target below 40.80 level.

7/18/2020

DAX (DE30 - Xetra) - Bulls or bears - who will take over ?

DAX (DE30 - Xetra) 3^rd subwave of 5^th wave up is in progress, but counts are not clear due to overlapping structure in the chart, stay bullish above 12563 level as stops to wave 5 target for 13100-300 zone. The waves are overlapping so ending diagonal formation also possible as alternate count.

SDAXI (DAX Smallcap - Xetra) - Bulls or bears - who will take over ?

SDAXI (SDAXI - Xetra) is in 3^rd subwave of 5^th wave up, so stay bullish above 11857 level. Now price should rise sharply as 3^rd subwave is in progress.

MDAXI (DAX Midcap - Xetra) - Bulls or bears - who will take over ?

MDAXI (MDAXI - Xetra) is in 3^rd subwave of 5^th wave up, which is more clear picture than DAX index. Stay bullish above 26435 level as invalidation level. Price facing previous high as resistance, which once broken out, then it will rise faster.

TECDAX (DAX Technology - Xetra) - Bulls or bears - who will take over ?

TECDAX (DAX Technology - Xetra) price is in 3^rd wave up, where it is possible that 2^nd subwave correction will start, but stay bullish as it ended. It can be either ABC or impulse cycle.

Adidas AG (ADS - Xetra) - Choppy to bearish price action

Adidas AG (ADS - Xetra) is in 2^nd internal wave of 3^rd subwave of C wave down, stay bearish below 244.30 as stops for target of 220 or lower level as now price will resume down trend for 3^rd internal wave soon.

Allianz SE (ALV - Xetra) - Will it be choppy or trendy ?

Allianz SE (ALV - Xetra) is in 2nd^rd subwave of 3^rd wave up in C wave cycle. Stay bullish above 178.85. It can give little more dip as 2^nd subwave are supposed to retrace more (than wave 4).

Bayer AG (BAYN - Xetra) - choppy price action

Bayer AG (BAYN - Xetra) it dropped in A wave and now correcting in B wave as abc, so the choppy price action expected. It is possible that it can go down from current level, but wait for B wave to occur before get in to it.

Beiersdorf AG (BEI - Xetra) - choppy price action

Beiersdorf AG (BEI - Xetra) is subdividing in impulse of C wave of (B) in ABC zigzag as expected before. So wait it for complete to trade for (C) down sequence. It is in 3^rd subwave of C wave up.

Continental AG (CON - Xetra) - Choppy price action

Continental AG (CON - Xetra) is having two alternate count, the bearish scenario is under progress below 90.85 and above that level choppy X up cycle will be in progress. Currently price is in bearish scenario, but as DAX will go up to complete the 5^th wave, it is possible that it will rise to complex X wave. So here wait for 2-3 days to have clear view of waves.

Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action

Deutsche Bank AG (DBK - Xetra) 5^th wave of C cycle, which might forming diagonal structure and one high away to end the pattern (if diagonal proven). So no trade zone for right now, once it over then it is good sell trade set up as finance sector is in down trend across Europe.

Deutsche Boerse AG (DB1 - Xetra) - Bulls in control

Deutsche Boerse AG (DB1 - Xetra) it is about to end 4^th subwave of 3^rd wave up, so wait for confirmation to get in to it. Stay bullish until price retains above 156.80.

Deutsche Post AG (DPW - Xetra) - Bulls in control

Deutsche Telekom AG (DTEA - Xetra) - Bulls in control

Deutsche Telekom AG (DTEA - Xetra) is in 3^rd internal wave of 3^rd subwave of 5^th wave up, so stay bullish above 15 level for target of above 15.80.

Fresenius Medical Care (FME - Xetra) - Choppy price action

Fresenius Medical Care (FME - Xetra) is in WXY correction, so wait for B to over as abc zigzag to sell in C wave down for Y wave. Check confirmatory impulse down move before get in to it.

EON SE (EON - Xetra) - Choppy price action

EON SE (EON - Xetra) is in WXY correction after it completed ABC in 4 hr time frame. It is in 4^th subwave of C up in X wave. So wait for 5^th to complete to trade Y wave down. It is out-performing DAX. So confirmation is needed to trade Y wave down. Alternatively it can be the part of impulse.

Henkel AG (HNK - Xetra) - choppy price action

Henkel AG (HNK - Xetra) is in 2^nd subwave of C wave up in (B) wave, so stay bullish when 2^nd subwave is over. Overall it is in choppy price action.

Linde PLC (LIN - Xetra) - Bulls in control

Linde PLC (LIN - Xetra) is in 4th subwave of 3^rd wave up in 1 hr time frame. Overall its a 3^rd wave up of C wave in daily time frame. So stay bullish when c of 4^th subwave will over with stops above 202.55 for target above 218 or higher.

Merck KGaA (MRK - Xetra) - Choppy to bullish price action

Merck KGaA (MRK - Xetra) is about to end its 5^th wave of C wave as expected earlier. So next is pull back or reversal time. Alternatively it can extend (Y) wave by making green count in effect. So wait for confirmatory move before Sell it down.

SAP SE (SAP - Xetra) - Bulls in driving seat

SAP SE (SAP - Xetra) stay bullish with stops below 131.20 for target of around 146-150 for 5^th wave target as it will start 3^rd subwave soon.

Vonovia SE (VNA - Xetra) - Bulls in control

Vonovia SE (VNA - Xetra) is in 5^th wave up, which is subdividing further. It is about to end 2^nd subwave of 5^th wave, thereafter 3^rd wave will resume up trend. Stay bullish above 52.25 for the target of new all time high above 58 or higher.

HelloFresh SE (HFG - Xetra) - Bulls in complete control

HelloFresh SE (HFG - Xetra) is in 4^th wave complex correction, which is about to end with one more low after small retracement, thereafter 5^th wave up will start.

MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?

MTU Aero Engines (MTX - Xetra) is in C wave, which is in 2^nd subwave and will start 3^rd subwave soon, so stay bullish for C wave. It is in choppy zone.

Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?

Delivery Hero AG (DHER - Xetra) is in C wave up in corrective cycle. C wave will subdivide and start its 3^rd subwave, so stay bullish with stops below 92.25 for target of around 100-102 for (B) wave. Then drop will start for (C) wave.

Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly

Deutsche Wohnen AG (DWN - Xetra) is in 3^rd wave up, where 2^nd subwave is ended, but wait for small impulse as confirmatory sign. Buy above 40.65 with stops below 39.45.

United Internet AG (UTDI - Xetra) - bulls in control

United Internet AG (UTDI - Xetra) is in 5^th subwave of 5^th wave up after 4^th wave was ended in triangle. It is in 3^rd internal wave of 5^th subwave, so buy with stops below 38.50.

TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?

TeamViewer AG (TMV- Xetra) is in (X) wave as complex corrective pattern, so wait for it to over to sell for (Y) down cycle.

Scout24 AG (G24 - Xetra) - Bullish or choppy - what’s next ?

Scout24 AG (G24 - Xetra) is in 5^th wave, which is progressing in ending diagonal structure. 5^th subwave of 5^th wave is in progress. Buy with stops below 68.30.

Siemens Healthineers AG (SHL - Xetra) - Choppy to bearish price action

Siemens Healthineers AG (SHL - Xetra) is in (B) wave, which is subdivided in WXY correction. Y wave as abc zigzag up is in progress. Stay bearish when it gets over.

7/16/2020

DAX (DE30 - Xetra) - Choppy or bullish - What’s next ?

DAX (DE30 - Xetra) 3^rd subwave of 5^th wave up is in progress, but counts are not clear due to spikes in the chart, stay bullish above 12432 level as stops to wave 5 target above 13300.

MDAX

TECDAX (DAX Technology - Xetra) - Choppy or trendy - what’s next ?

TECDAX (DAX Technology - Xetra) stay bullish for 3^rd wave up cycle with stops below 3003.

Adidas AG (ADS - Xetra) - Choppy price action

Adidas AG (ADS - Xetra) is in 2^nd subwave of C wave down, stay bearish below 249.10 as stops for target of 220 level, so confirm the end of 2^nd subwave in 3 min time frame to get in to it.

Allianz SE (ALV - Xetra) - will it be choppy or trendy ?

Allianz SE (ALV - Xetra)is in 3^rd subwave of 3^rd wave up in C wave cycle. Stay bullsih above 181.84.

Bayer AG (BAYN - Xetra) - choppy price action

Bayer AG (BAYN - Xetra) it dropped in A wave and now correcting in B wave as abc, so the choppy price action expected and c of B can go higher as DAX expected to go in impulse up.

Beiersdorf AG (BEI - Xetra) - choppy price action

Beiersdorf AG (BEI - Xetra) is subdividing in impulse of C wave of (B) in ABC zigzag as expected before. So wait it for complete to trade for (C) down sequence.

Continental AG (CON - Xetra) - Choppy price action

Continental AG (CON - Xetra) is in 3^rd subwave of 3^rd wave of C wave down as primary count, So stay bearish below 87.43 for the target of around 78-76 zone.

Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action

Deutsche Bank AG (DBK - Xetra) is in 3^rd subwave of 5^th wave up in C wave as the part of ABC zigzag cycle. It must stay above 8.43 to retain the count valid.

Deutsche Boerse AG (DB1 - Xetra) - Bulls in control

Deutsche Boerse AG (DB1 - Xetra) is in 5^th subwave of 3^rd wave up in impulse cycle. Stay bullish with stops below 161.77 as invalidation level, if 4^th subwave is considered to be over as ABC. Alternatively it may be WXY, where one more low is possible before resume the price upward.

Deutsche Post AG (DPW - Xetra) - Bulls in control

Deutsche Post AG (DPW - Xetra) is one more high away to end the 3^rd wave of C wave. Thereafter 4^th wave will moving down unless if its not extending, so wait for price action to confirm the 3^rd wave over before sell in 4^th wave as DAX expected to be higher.

Deutsche Telekom AG (DTEA - Xetra) - Bulls in control

Deutsche Telekom AG (DTEA - Xetra) is in 3^rd subwave of 5^th wave up, so stay bullish above 14.73, here its not clear that 2^nd internal wave of 3^rd subwave is over or not, but if price slightly go down then it will good buy.

Henkel AG (HNK - Xetra) - choppy price action

Henkel AG (HNK - Xetra) - it is difficult to say that C wave will subdivide or not, but it is possible that C wave will go up as DAX market expected to rise for 5^th wave. So pull back of 2^nd subwave in C wave will be buy to resume price higher.

Merck (MRK - Xetra) - Choppy to bullish price action

Merck (MRK - Xetra) is almost about to end impulse cycle of C wave with one more high( unless it keeps extending). So wait for next price action to decide the next direction.

SAP SE (SAP - Xetra) - Bulls in driving seat

SAP SE (SAP - Xetra) has resumed up trend in 5^th wave up, so stay bullish with stops below 131.19 for new high above 141.

HelloFresh SE (HFG - Xetra) - Bulls in complete control

HelloFresh SE (HFG - Xetra) is in 5^th wave up, but wait for impulse wave confirmation in 3 min time frame to get in. Stay bullish as price trend is up.

MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?

MTU Aero Engines (MTX - Xetra) is in choppy wave cycle, which was 2^nd wave, stay bearish when overall correction over for down trend.

Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?

Delivery Hero AG (DHER - Xetra) it dropped in wave A impulse and now correcting up in B was as abc, so wait for it to complete to get in to sell trade.

Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly

Deutsche Wohnen AG (DWN - Xetra) is in 3^rd wave up, where 2^nd subwave is in under progress, stay bullish above 38.95 for up move.

United Internet AG (UTDI - Xetra) - bulls in control

United Internet AG (UTDI - Xetra) is in 5^th subwave of 5^th wave up after 4^th wave was ended in triangle, so stay bullish above 38.52 as stops.

TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?

TeamViewer AG (TMV- Xetra) has completed ABC zigzag wave within 4 hr time frame and now correcting down in WXY choppy corrective structure.

7/11/2020

DAX (DE30 - Xetra) - Choppy or bullish - What’s next ?

DAX (DE30 - Xetra) is within two possible counts as per EW theory. The primary count is impulse up, where 5^th wave up in progress. It is in the 3^rd subwave of 5^th wave up, which is in its final move up as 5^th internal wave. Thereafter 4^th subwave will go down to complete it, which must stay above 12432 level to retain impulse valid. Another count is choppy WXY, which is shown in red count, where C of X wave up is in progress. 5^th wave of C is in progress, thereafter price should fall down up to 11600 or lower to complete Y wave, which is secondary count and valid only below 12432 level. In weekly time frame it is in 5^th wave up. So it means the cycle in smaller time frame should reflect that as impulse or either within diagonal structure

So Stay bullish until the invalidation level broken down below 12432.

SDAXI (DAX Smallcap - Xetra) - Choppy or trendy - What’s next ?

SDAXI (SDAXI - Xetra) is in 5^th internal wave of 3^rd subwave of 5^th wave of impulse sequence as similar to DAX count. It is more clear to identify the waves here. The price must stay above 11651 to retain as an impulse count for target of new high above 12400 - 12700 zone end the impulse cycle. In weekly time frame it is in 5^th wave up.

MDAXI (DAX Midcap - Xetra) - Choppy or trendy - What’s next ?

MDAXI (MDAXI - Xetra) is in 5^th internal wave of 3^rd subwave of 5^th wave of impulse sequence as similar to DAX count. It is more clear to identify the waves here as similar to SDAXI. The price must stay above 26288 to retain as an impulse count for target of new high. In weekly time frame it is in 5^th wave up.

TECDAX (DAX Technology - Xetra) - Choppy or trendy - what’s next ?

TECDAX (DAX Technology - Xetra) is in impulse cycle up, which could be the part of new 3^rd wave impulse cycle or some complex correction. It is in 5^th wave extension in 15 min time frame, where 3^rd subwave will start moving up on Monday. If price falls below 2995, which ends the impulse cycle and calls it’s correction. Primary count is here 3^rd wave up is in progress in 4 hr time frame, where 1^st subwave is in progress in 30 min time frame. But we will know the priority of count as price progresses on chart.

Adidas AG (ADS - Xetra) - Choppy price action

Adidas AG (ADS - Xetra) is in ABC correction with 2 hr time frame, where wave C down is in progress. It is under-performing DAX index. It completed wave 1 of C down and now correcting within 2^nd wave up, which should be deeper as DAX is in up trend. It must stay below 249.05 to retain the count valid, so stay small bearish below this level as stop loss.

Allianz SE (ALV - Xetra) - will it be choppy or trendy ?

Allianz SE (ALV - Xetra) is in C wave of Y wave up within (B) wave correction in daily time frame. In 2 hr time frame, it is in 3^rd wave up of C wave after B wave ended in triangle. But it should now run faster upside and stay above 178.86 level to retain the count valid. Below 177.76 the Price turns in to complex correction of B wave as the part of Y wave up cycle. This is not very clear count, so within the range of 189.80 - 177.76 do nothing. In weekly time frame it is in correction down.

Bayer AG (BAYN - Xetra) - choppy price action

Bayer AG (BAYN - Xetra) has completed ABC cycle in 4 hr time frame. In 30 min it dropped in abc zigzag wave as primary count and now correcting up in X wave, so wait for abc zigzag of X wave will over to get entry in Y wave. Alternate count will be ABC zigzag, which both directs choppy price action.

Beiersdorf AG (BEI - Xetra) - choppy price action

Beiersdorf AG (BEI - Xetra) has completed WXY correction within 4 hr time frame in double zigzag, thereafter it made a sharp declining wave A. Wait for B wave correction to over to get entry for sell in wave C. Wait for confirmation before entry.

Continental AG (CON - Xetra) - Choppy price action

Continental AG (CON - Xetra) is within ABC correction, which might be possible ended as wave W and corrective wave X is in progress as market direction is slightly bullish. So above 90.74 the X wave confirms the WXY count, but below that count, C wave is still has a life go down as impulse shown in chart. Keep eye on the chart to get any trade set up if it confirms anything out of it.

Covestro AG (1COV - Xetra) - Choppy to bearish price action

Covestro AG (1COV - Xetra) is in ABC zigzag move down in 2 hr time frame. Where wave A impulse and B complex corrective wave as wxy were over. 1^st wave of C wave down was also over and price is in 2^nd wave correction as abc in progress. Wait for c of 2^nd wave to over to sell it down for big C wave with stop loss of 36.28 level. In weekly time frame it is in huge down trend.

Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action

Deutsche Bank AG (DBK - Xetra) is in 5^th wave up of C wave within ABC zigzag cycle in 4 hr chart. It is subdividing in 5^th wave after 4^th wave triangle was over. Stay bullish for 5^th wave up with stops below 8.44 level as invalidation level.

Deutsche Boerse AG (DB1 - Xetra) - Bulls in control

Deutsche Boerse AG (DB1 - Xetra) is in impulse up cycle in 30 min time frame. It is in 4^th wave correction which will end soon and thereafter 5^th subwave of 3^rd wave up will rise to new high. Stay bullish above 156.60 level in every three wave pull back downside. It is in 5^th wave in weekly time frame.

Deutsche Post AG (DPW - Xetra) - Bulls in control

Deutsche Post AG (DPW - Xetra) is in strong impulsive move up side in 30 min time frame. It is in 4^th internal wave of 3^rd subwave up within 5^th wave up of C wave cycle (reading this without chart is quite confusing - so look at the chart). It is good buy within 4^th internal wave for new high to end 3^rd subwave. Buy three wave pull back even after making new high to get another cycle up, which finally ends the C wave. In weekly time, it can be in a new up cycle or correction. So keep eye within 4 hr time frame to track the wave count.

Deutsche Telekom AG (DTEA - Xetra) - Bulls in control

Deutsche Telekom AG (DTEA - Xetra) is in impulse cycle up in 4 hr time frame, where 5^th wave up is in progress. In 30 min time frame the 1^st subwave leading diagonal and 2^nd subwave correction both already ended. Price is now in 3^rd subwave of 5^th wave up. Stay bullish with stops below 14.45 level for target above 15.80. Keep eye on chart in 10 min time frame to find entry and exit levels.

Fresenius Medical Care (FME - Xetra) - Choppy price action

Fresenius Medical Care (FME - Xetra) has completed impulse cycle in 4 hr time frame. It is in B wave, which is as abc flat correction and c down is in progress. 1^st wave is about to end soon, then 2^nd wave will go up, where sell entry will be possible with stop loss above 79.35 as invalidation level of c wave. The c wave target will be about 71.80 or below.

Henkel AG (HNK - Xetra) - choppy price action

Henkel AG (HNK - Xetra) has completed ABC zigzag correction up side in 4 hr time frame. It is now in ABC flat correction, where B wave as abc correction is in under progress. Wait for impulse cycle and pull back to buy it. Buy with stops below 72.60 as invalidation level for c wave up. It is very choppy price action here in this correction, so take only small position. Wave c of B should run right away without chopping around.

Merck (MRK - Xetra) - Choppy to bullish price action

Merck (MRK - Xetra) is within double zigzag WXY pattern in 4 hr time frame, where It is in ABC zigzag move of Y wave up in 60 min time frame. It is about to end 4^th subwave down soon in C wave up, thereafter buy for 5^th wave up.

SAP SE (SAP - Xetra) - Bulls in driving seat

SAP SE (SAP - Xetra) is in 4^th subwave of 3^rd wave up within impulse up cycle in 4 hr time frame. Stay bullish when 4^th subwave will over in flat kind of correction for target of 5^th subwave up with stops level below 127.70. In weekly time frame it is in 5^th wave up and out-performing stock than DAX index.

HelloFresh SE (HFG - Xetra) - Bulls in complete control

HelloFresh SE (HFG - Xetra) is within 3^rd wave in impulse cycle in 2 hr time frame. It is in 2^nd internal wave of 5^th subwave in 3^rd wave of impulse cycle, which is about to over and then 3^rd internal wave will start moving up.

MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?

MTU Aero Engines (MTX - Xetra) is in corrective 2^nd wave of C wave down in daily time frame. It is within wxy correction as the part of B wave in 60 min time frame, where y wave is start moving up side. So wait for it to complete with confirmation. Then sell for 3^rd wave major down of C down. It is under-performer stock and must stay below 188.20 level to retain count valid.

Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?

Delivery Hero AG (DHER - Xetra) has completed impulse cycle in 4 hr time frame as the part of 5^th wave of C (or 3^rd) cycle in weekly time frame. Now in 30 min time frame it started correction. It completed A wave as abc, means it will either progressing in flat or complex correction and next direction will be up. Wait for confirmation of A wave down over then only stay bullish, as it is very strong stock.

Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly

Deutsche Wohnen AG (DWN - Xetra) is in impulse sequence of 3^rd wave up in 4 hr time frame as the part of weekly 5^th wave up. So stay bullish. It is in 2^nd subwave correction of 3^rd wave up, so wait for it to complete and thereafter get in to trade for 3^rd subwave up of 3^rd wave with stops below 38.95 for target of new high till it has having high momentum.

United Internet AG (UTDI - Xetra) - bulls in control

United Internet AG (UTDI - Xetra) is in impulse cycle up in 4 hr time frame and moving up in 5^th wave up. In 30 min time frame it is in 4^th subwave of 5^th wave, which probably complex or flat correction and need little time to complete, so wait for it to buy with stops below 37.78 level to buy for new high. Again here it can be possible of diagonal structure too as secondary count, which will the next option if price dip down to invalidation level.

TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?

TeamViewer AG (TMV- Xetra) has completed ABC zigzag wave within 4 hr time frame. But wait until it confirms the impulse cycle down. In weekly time frame it has completed WXY as double zigzag correction. So next possible movement will be choppy to down. So wait for good entry to get in to trade.

For Historical analyses of DAX30 index and stocks click here.

EW counts - US stocks

2020-07-06T11:33:00.001+01:00

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7/18/2020

Apple Inc (AAPL - NASDAQ) - Bulls taking rest

Apple Inc (AAPL - NASDAQ) is in 4^th wave correction as complex WXY, where Y down in abc cycle is progressing down. So stay bearish until it over, but thereafter 5^th wave will resume the up trend. So

stay bullish thereafter.

Microsoft Corporation (MSFT - NASDAQ) - Choppy to trendy - what’s next ?

Microsoft Corporation (MSFT - NASDAQ) is in 4^th wave correction as WXY correction. It is in Y leg down of cycle, where a of y down was ended and price is in b wave, thereafter one more leg c will fall to complete the 4^th wave correction. Stay bullish when it ends to resume up trend.

Amazon.com Inc (AMZN - NASDAQ) - Bulls in control but need a small rest

Amazon.com Inc (AMZN - NASDAQ) is in 4^th subwave correction as wxy down, where y is in progress and will end soon and so as 4^th subwave, thereafter 5^th subwave will resume up trend to complete the 3^rd wave up. Stay bullish.

Alphabet Inc (GOOGL - NASDAQ) - bulls taking rest

Alphabet Inc (GOOGL - NASDAQ) is in 2^nd wave correction as abc down cycle and c is in progress. It will take a while before it completes, so wait for it to end to resume further up trend as 3^rd wave.

Facebook Inc (FB - NASDAQ) - Choppy or trendy - what’s next ?

Facebook Inc (FB - NASDAQ) is in B wave correction as wxy, where c of y is in progress as final correction,so wait for it to complete before get in to C wave up. Stay bullish for C wave up (or 3^rd wave).

Berkshire Hathway B (BRK - NYSE) - Choppy to bearish price action

Berskhire Hathway B (BRK - NYSE) has completed B wave in wxy correction in ABC zigzag down and now C wave is in progress. Sell with stops above 193.10 for C wave down.

Visa Inc (V - NYSE) - Bulls taking control slowly

Visa Inc (V - NYSE) it is in 2^nd subwave correction and one slight low away to end the correction. Thereafter resuming up trend for 5^th wave cycle, so stay bullish with stops below 187.25.

Walmart Inc (WMT - NYSE) - Choppy or Bullish - what’s next ?

Walmart Inc (WMT - NYSE) is in choppy price action and completed ABC sequence, so it will correct it down at least for 2-4 % down from current level.

Johnson & Johnson (JNJ - NYSE) - Choppy or Bullish ?

Johnson & Johnson (JNJ - NYSE) is in 5^th subwave of 3^rd (or C) wave up, which end the temporary trend and will retrace as either wave 4 or corrective cycle, so it can be sold when 5^th wave ended with divergence for small downside target.

Procter & Gamble Co (PG - NYSE) - choppy or bullish- what’s next ?

Procter & Gamble Co (PG - NYSE) is in 4^th wave correction as abc and c will end the 4^th wave soon after b is over, so wait for 4^th wave to end then again price will resume up trend.

UnitedHealth Group (UNH - NYSE) - Bulls Vs Bears - who will take control ?

UnitedHealth Group (UNH - NYSE) has completed wxy cycle within (X) wave correction and now going down to complete (Y) wave cycle. Stay bearish with stops above 311 level. The down move will be ABC zigzag expected.

Taiwan Semiconductor Manufacturing (TSM - NYSE) - Choppy or bullish - what’s next ?

Taiwan Semiconductor Manufacturing (TSM - NYSE it has just completed 3^rd wave and started correcting down in 4^th wave. Price will be remain in choppy to zone. Overall its a strong stock compared to SPX, so three wave down pull back will be used to buy for bounce around 64 level.

Home Depot Inc (HD - NYSE) - Bulls in control

Home Depot Inc (HD - NYSE) is in 5^th wave in impulse sequence after 4^th wave triangle broken out up side. Stay bullish above 248.55 as invalidation level, but below that level price will choppy or bearish.

AT&T Inc (T - NYSE) - Choppy price action

AT&T Inc (T - NYSE) is in corrective (X) wave, where internal y is in progress as the part of wxy correction, so wait till it end to sell as trade set up. Wait for confirmation before get in to trade. It is in choppy price action and under-performing the SPX.

Novamax Inc (NVAX - NASDAQ) - Bulls in driving seat

Novamax Inc (NVAX - NASDAQ) is in 3^rd subwave of impulse sequence, where log scale is used to understand the wave structure. It is in 3^rd internal wave of 3^rd subwave of impulse. Buy in three wave pull back in appropriate waves. The gap in price with huge volume driving it up crazy.

Genmab AS (GMAB - NASDAQ) - Bulls holding tight

Genmab AS (GMAB - NASDAQ) is in 4^th subwave of 5^th wave up, wait for one leg down to complete 4^th subwave to get in to trade, from where it again resumes the up cycle. The invalidation level for 33.52, the high of 1^st subwave.

Biomarin Pharmaceutical Inc (BMRN - NASDAQ) - Bulls - Bears - who will take over next ?

Biomarin Pharmaceutical Inc (BMRN - NASDAQ) has two different count, where either it already ended impulse as shown by roman letter, or its within 3^rd wave cycle as shown in green roman letter. It is in 3^rd internal wave of 5^th subwave of 3^rd wave, so stay bullish above 124.65 for the new high around 136-140 level.

(LULU - NASDAQ)

7/16/2020

Apple Inc (AAPL - NASDAQ) - Bulls in complete control

stay bullish thereafter.

Microsoft Corporation (MSFT - NASDAQ) - Choppy to trendy - what’s next ?

Microsoft Corporation (MSFT - NASDAQ) is in 4^th wave correction as WXY correction. Stay bullish when it ends to resume up trend.

Amazon.com Inc (AMZN - NASDAQ) - Bulls in control but need a small rest

Amazon.com Inc (AMZN - NASDAQ) is in 4^th subwave correction as sharp abc down, where c is one low away to end the 4^th subwave correction, thereafter 5^th subwave will resume up trend to complete the 3^rd wave up. Stay bullish.

Alphabet Inc (GOOGL - NASDAQ) - bulls taking charge

Alphabet Inc (GOOGL - NASDAQ) is in 2^nd wave correction and take a while before it completes, so wait for it to end to resume further up trend as 3^rd wave.

Facebook Inc (FB - NASDAQ) - Choppy or trendy - what’s next ?

Facebook Inc (FB - NASDAQ) is in B wave correction as wxy, so wait for it to complete before get in to C wave up. Stay bullish.

Berkshire Hathway B (BRK - NYSE) - Choppy price action

Berskhire Hathway B (BRK - NYSE) has completed B wave in wxy correction, where y is subdivided in to abc correction, so stay bearish but wait for impulse cycle down to confirm it before get in to it.

Visa Inc (V - NYSE) - Choppy or Bullish ?

Visa Inc (V - NYSE) it has completed 4^th wave in wxy correction, where y leg is running correction, so price should now run faster up side, stay bullish above 187.11 as stops for 5^th wave up cycle.

7/13/2020

Apple Inc (AAPL - NASDAQ) - Bulls in complete control

Apple Inc (AAPL - NASDAQ) is in 3^rd internal wave of 5^th subwave of 3^rd wave in impulse cycle in 4 hr time frame from major low made in Corona pandemic. To be in 3^rd internal wave after 1^st subdivided internal wave price must stay above 372.18 (otherwise that cycle considered over as major 3^rd wave). Stay bullish with stops above 379.02 as stops to trade 3^rd internal wave up and even when three wave pull back occurs above that level.

Microsoft Corporation (MSFT - NASDAQ) - Choppy to trendy - what’s next ?

Microsoft Corporation (MSFT - NASDAQ) is within corrective 4^th subwave of 3^rd wave. It may take more time before go up( unless it start extending 3^rd subwave). Stay bullish at 208-206 level for new high as 5^th subwave of 3^rd wave. It is strong stock so you can buy every three wave pull back until the impulse wave over in specific time frame, in which impulse cycle occur.

Amazon.com Inc (AMZN - NASDAQ) - Bulls in control but need a small rest

Amazon.com Inc (AMZN - NASDAQ) is in 3^rd internal wave of 3^rd subwave of 5^th wave up in 4 hr time frame (or it can be the part of extended 3^rd wave). Wait for three wave pull back to get in to trade until it resume the up trend. 3^rd internal wave may about to end soon. Wait for entry.

Alphabet Inc (GOOGL - NASDAQ) - bulls taking charge

Alphabet Inc (GOOGL - NASDAQ) is in 3^rd subwave up of 3^rd wave. Stay bullish when found small pull back in 3 min time frame.

Facebook Inc (FB - NASDAQ) - Choppy or trendy - what’s next ?

Facebook Inc (FB - NASDAQ) has completed impulse sequence in 4 hr time frame since last bottom of 19 March. It is now correcting in zigzag moves up and down. The wave A was over and now B wave as either flat or complex correction is in progress, so wait for clear confirmation of wave B over to buy for C wave up.

Alibaba Group Holdings Ltd (BABA - NYSE) - bullish or choppy - what’s next ?

Alibaba Group Holdings Ltd (BABA - NYSE) is in 3^rd wave up (or either C wave). It is in 4^th subwave and may be need more to correct before going up, so stay bullish when 4^th subwave ends with confirmation.

Berkshire Hathway B (BRK - NYSE) - Choppy price action

Berskhire Hathway B (BRK - NYSE) is in (B) wave correction as WXY complex. Y wave as abc is in progress, where c wave up is moving up for about possible target of 189.10. Sell it when it confirms the end of (B) wave for (C) wave down. It is overall bearish to choppy stock and under-performer to SPX.

Visa Inc (V - NYSE) - Choppy or Bullish ?

Visa Inc (V - NYSE) is in 3^rd subwave of 5^th wave up so stay bullish with invalidation level of 189.57 for target of new high above 206-210 in 4 hr time frame.

Johnson & Johnson (JNJ - NYSE) - Choppy or Bullish ?

Johnson & Johnson (JNJ - NYSE) is in ABC zigzag up move, where A and B waves were over and 3^rd of C up is in progress. Stay bullish with stops below 140.61 for about target of 149.-150 level. In weekly it is in 5^th wave up.

Procter & Gamble Co (PG - NYSE) - choppy or bullish- what’s next ?

Procter & Gamble Co (PG - NYSE) is about to end 3^rd subwave of 3^rd wave, thereafter 4^th subwave will start to correct. Alternatively it can extend the 3^rd subwave, so will see what happened next ?

UnitedHealth Group (UNH - NYSE) - Bulls Vs Bears - who will take control ?

UnitedHealth Group (UNH - NYSE) is in 2^nd wave correction of C down cycle in ABC zigzag, so wait for it to over to sell for 3^rd wave of C. Overall it is in corrective mode.

7/9/2020

Livongo Health Inc (LVGO - NASDAQ) - Bulls in complete control

Livongo Health Inc (LVGO - NASDAQ) is in strong up trend supported with high volume. It is in the impulse sequence in 2 hr time frame from the low of 48.11 price level made in end of May. It is in 5^th subwave of 3^rd wave up, which is within 4^th internal wave and good buy at around 92.50- 91 level for new high as target zone. 4^th internal wave should be flat or complex correction expected and go down for final wave down, so stay ready for buying opportunity. Wait for confirmation in 3 min time frame before trade. It is in either ABC or impulse sequence from major bottom in daily, but in both cases its major direction is currently up.

Hologic Inc (HOLX - NASDAQ) - Bullish or choppy - What’s next ?

Hologic Inc (HOLX - NASDAQ) is in impulse cycle in 30 min time frame, where 4^th wave abc correction is in progress and c wave down is due in correction, so wait for it to complete to buy it for 5^th wave up with stops below invalidation level 55.90. Here 3^rd wave is smaller in size, so 5^th will be smaller than 3^rd expected. This impulse wave is the part of ABC zigzag correction in 4 hr time frame, which can be either C wave or 1^st of C wave.

Shopify Inc (SHOP - NYSE) - Bulls in control

Shopify Inc (SHOP - NYSE) is in 5^th wave up in impulse sesquence within 4 hr time frame. It is in 5^th wave, which is further 5^th wave extension. It is in 3^rd internal wave of 5^th subwave of 5^th wave in 30 min time frame. Stay bullish with stops below 1003 for target above 1100-1150 as 5^th wave. Keep watching in 5 min time frame to get exact entry with small stops. The major invalidation level for the pattern is 974.65.

7/8/2020

Molson Coors Brewing Co (TAP - NYSE) - Bears on beers (brewing Co)

Molson Coors Brewing Co (TAP - NYSE) is in downtrend and within WXY correction within 4 hr time frame. It is in Y wave, which is subdividing in ABC. It is in 5^th wave down of C wave, where 1^st subwave of 5^th wave is in progress. Stay bearish if find any pull back in 5 min time frame. The target will be 31-30.80 as equal sized C wave to A.

TG Therapeutics Inc (TGTX - NASDAQ) - Bullish bias continue

TG Therapeutics Inc (TGTX - NASDAQ) is in strong bullish cycle in 2 hr time frame. It is in 5^th wave up, which is subdividing say extending just like 3^rd wave. It is in 3^rd subwave of 5^th wave up. Stay bullish on three wave pull back until the 5^th wave over. Below 19.49 the impulse cycle gets over.

Arrowhead Pharmaceuticals Inc (ARWR - NASDAQ) - Choppy to bearish price action

Arrowhead Pharmaceuticals Inc (ARWR - NASDAQ) is in ABC zigzag up move in 4 hr time frame, which is about to over as 5^th wave of C up forming ending diagonal structure. But wait for downside break out. Then only this set up confirmed. So wait until it confirms the count.

Viavi Solutions Inc (VIAV - NASDAQ) - Choppy to bearish price action

Viavi Solutions Inc (VIAV - NASDAQ) is in WXY correction after ABC zigzag move up was ended in 4 hr time frame. In 1 hr time frame, it has completed W & X as zigzag move. 2^nd wave correction of A of Y wave down is in progress, wait for it to over to get in to sell trade with stops above 13.22 for target of around 12.20. Y will be subdividing in ABC zigzag, which probably ends near 11.70

HP Inc (HPQ - NYSE) - Choppy to bearish price action

HP Inc (HPQ - NYSE) is in complex corrective structure, where different count possible. Stay bearish as per both counts are in line in bearish scenario. Sell trade in B wave up with stops above 17.60 for downside c wave as target below 15.50 as simplex WXY corrective pattern.

Nordstorm Inc (JWN - NYSE) - Bears in full control

Nordstorm Inc (JWN - NYSE) is in 5^th wave down in 15 min time frame, which is again gonna subdivide, so sell with stops above 15.90 for target below 13 as it is under-performer to SPX and in long time downtrend.

Pinduduo (PDD - NASDAQ) - choppy or trendy - what’s next ?

Pinduduo (PDD - NASDAQ) is in impulse cycle upward. It is in 4^th wave correction, which might be zigzag or complex correction. So wait for 4^th to complete then enter in buy trade for 5^th wave up. It is very strong in daily time frame.

Sunrun Inc (RUN - NASDAQ) - Bulls on solid RUN

Sunrun Inc (RUN - NASDAQ) is in impulse cycle. In daily time frame it is in C (or 3^rd) wave up. In 4 hr time frame, it is in 5^th subwave of 3^rd wave up. In 15 min time frame, it is in internal 3^rd wave, which might end soon, thereafter 4^th internal wave will start to correct and final internal wave 5 wil end the 5^th subwave of 3^rd wave. Stay bullish on three wave pull back in 10 min time frame.

Nio Inc (NIO - NYSE) - Bulls on ride

Nio Inc (NIO - NYSE) is in impulse cycle. In 4 hr time frame, it is in 5^th subwave of 3^rd wave up. In 15 min time frame, it is one more high away to end the 3^rd wave of major cycle, thereafter 4^th wave will start to correct down, which might be deeper correction as 2^nd wave was choppy. Stay bullish when 4^th wave about to over for new high for 5^th wave cycle. Again it may extend further as high volume supports the move upward. The 1st wave at bottom was leading diagonal structure, which skyrockating the price within the short time.

eBay Inc (EBAY - NASDAQ) - Bulls on fire

eBay Inc (EBAY - NASDAQ) is in solid impulse within 4 hr time frame, where 5^th wave is in progress. In 30 min time frame, it is in 3^rd subwave, where internal 3^rd wave is about to end soon. Thereafter 4^th internal wave will correct it down, which is good buying opportunity. Again it go up to complete the 3^rd subwave of 5^th wave up. Stay bullish when three wave correction occur for new high as target.

Etsy Inc (ETSY - NASDAQ) - Bulls on fire

Etsy Inc (ETSY - NASDAQ) is in 4^th subwave correction of 3^rd wave up in 2 hr time frame. It is in complex correction which will end 4^th subwave, thereafter 5^th subwave means final 3^rd wave will end at new high. So stay bullish for new high. It is in solid uptrend in weekly time frame with almot vertical rally.

7/7/2020

Gap Inc (GPS - NYSE) - Bearish price outlook

Gap Inc (GPS- NYSE) is in ABC correction in 30 min time frame after gaped up huge with huge volume and started to fade out that gap. It has completed WXY correction in 4 hr time frame from major daily low this year. In weekly time frame, it is correcting up side after ABC zigzag correction completed downside. Stay bearish with stops above invalidation level of 13.24 for the target of C wave down to gap fill of 10.23. It may possible that B wave in 15 min time frame may go once above invalidation level, then it starts go down to C wave for target. In that case wait for impulse down and pull back again to get in to the trade. The volume easily drives it to target zone even SPX is bullish or not.

Aptiv PLC (APTV - NYSE) - Choppy or bearish - what’s next ?

Aptiv PLC (APTV - NYSE) is in WXY corrective pattern in 30 min time frame, where W was over and X is forming complex correction. So stay bearish when it completes X wave by confirming downside impulse wave in 5 min time frame. Keep the high of that X wave as invalidation level to trade and once the price broke the trend line support, it will fall even more faster for Y wave. It is under-performing in last leg up of X wave to SPX, which is good for sell trade.

BorgWarner Inc (BWA - NYSE) - Choppy to bearish outlook

BorgWarner Inc (BWA - NYSE) is in ABC zigzag correction having B wave complex correction as wxy and its already over. C wave down cycle started and in today’s gap down market it may completes the 1^st wave of C down, then 2^nd wave will go up, so wait for 2^nd wave to enter in sell trade with stops above invalidation level 36.09 for target zone of 30 as C wave. It started under-performing the SPX since last move up in B wave.

Biomarin Pharmaceutical Inc (BMRN - NASDAQ) - How much bullish from here ?

Biomarin Pharmaceutical Inc (BMRN - NASDAQ) is in impulse sequence up, where final cycle of impulse in 30 min time frame is about to end, which is confirmed by divergence shown by indicators. This calls for possible pull back time. So wait for at least three wave pull back in 30 min time frame of 5-8 trading days.

PerkinElmer Inc (PKI - NYSE) - choppy price action

PerkinElmer Inc (PKI - NYSE) has completed impulse wave up in 4 hr time frame and now it correcting in complex (or flat) correction, where abc correction is in progress upside. As market bias is positive, it is easy to trade this kind of trade set up, where c wave is in up side. Stay bullish with stops below 99.35 for the target of 103.90. If it drops below 97.73, means X wave is over and Y is going down. So stay bullish above that level for c wave of X cycle.

InVitae Corp (NVTA - NYSE) - Bulls may lose the heat

InVitae Corp (NVTA - NYSE) is in ABC wave in 4 hr time frame as wave A is in leading diagonal structure with B flat time consuming correction. Wave C is impulse and 3^rd wave with huge volume defines the cycle. It is about to complete one impulse cycle, where 3 and 5^th both are extended wave and 5^th wave is about to end in five wave cycle, so now stay away from bullish side to this stock, unless it start again extending 5^th wave. Below trend channel, it is considering correction mode.

Sea Ltd (SE - NYSE) - Bulls losing heat

Sea Ltd (SE - NYSE) has completed impulse sequence in 4 hr time frame, where 3^rd wave was extended wave. Wave 5 is over (if its not gonna extended further). Stay bearish only below 102 level as 4^th wave low, that confirm the impulse over. Above that level 5^th wave might have chance to extend. Let’s see how it moves.

21Vianet Group Inc (VNET - NASDAQ) - Bears taking control ?

21Vianet Group Inc (VNET - NASDAQ has completed impulse sequence in 4 hr time frame, where 3^rd wave was extended wave. Wave 5 is over, which after gaped up with high volume just falling down in correction. Stay bearish with high 30.21 as invalidation level when price rise to complete b wave up within abc correction down.

Twilio Inc (TWLO - NYSE) - Bulls or choppy - what next ?

Twilio Inc (TWLO - NYSE) has completed impulse sequence in 4 hr time frame, where 3^rd wave was extended wave and fifth wave is also the part of extension. 5^th wave was subdivided in further clear five wave, where 5^th subwave was doing the same. But it clearly end the impulse and now start correcting down. So stay away if you hold bullish trade. Next will be choppy three wave up and down move expected.

7/6/2020

Microsoft Corporation (MSFT - NASDAQ) - Choppy to trendy - what’s next ?

Microsoft Corporation (MSFT - NASDAQ) is about to end 5^th subwave of 3^rd wave up in impulse sequence in 4 hr time frame since major swing low. In 10 min time frame, one more high will end the 5^th wave, which is 3^rd wave major in bigger time frame. Here two cases possible, one is it may further extend and another is if its over then subwave 4 will start correcting down, which on completion, again price will rise for 5^th wave up. 4^th subwave will be flat or complex as 2^nd wave was sharp in nature. Overall bullish trend continue until it broke 187.36 level.

Apple Inc (AAPL - NASDAQ) - Choppy to bullish - what’s next ?

Apple Inc (AAPL - NASDAQ) is in extended 3^rd wave up, which is currently in 5^th subwave. It is in the 2^nd internal wave of 5^th subwave, so wait to end it before buy in 3^rd internal wave in 5 min time frame. 5^th subwave will end at around 382-390 level range as 3^rd major wave. Keep eye in 5 min time frame to get any entry if pull back occur. It is out-performing stock to NDX.

Amazon.com Inc (AMZN - NASDAQ) - Choppy to bullish - what’s next ?

Amazon.com Inc (AMZN - NASDAQ) is in 5^th internal wave as gap up of 3^rd subwave in impulse sequence in 2 hr time frame. The 5^th wave is extending with momentum. It is subdividing in 3^rd wave and internal 4^th of 3^rd wave in in progress, which will over with gap up today and end 5^th internal soon. Wait for 10 min pull back in three wave down to get in to for 5^th subwave of 3^rd wave up of 5^th wave major cycle.

Alphabet Inc (GOOGL - NASDAQ) - Choppy to trendy - what’s next ?

Alphabet Inc (GOOGL - NASDAQ) has completed impulse sequence in 4 hr time frame, which is wave 1 in daily time frame of impulse wave. In 30 min time frame, it is going up in either ABC or 1^st subwave of 3^rd wave up, which is still incomplete sequence and one more leg away, which will end with today’s gap up with SPX, thereafter pull back of B (or 2^nd ) wave will go down. Overall its in solid uptrend so keep the eye on pull back to get in to trade for next wave up as either C or 3^rd.

Visa Inc (V - NYSE) - Choppy or Bullish ?

Visa Inc (V - NYSE) it has completed 4^th wave in 4 hr time frame and make it in 5^th wave up. It is about to end 1^st subwave of 5^th wave today by gaping up today. Thereafter 2^nd subwave correction will start down. Keep eye on invalidation level of 187.11, where 5^th wave up invalidated and 4^th wave correction will go on again. Above that price stay bullish withat stops below that 187.11 level for target above 209 or even higher at 222.

UnitedHealth Group (UNH - NYSE) - Bulls Vs Bears - who will take control ?

UnitedHealth Group (UNH - NYSE) is in ABC zigzag down cycle, where Impulse A wave and zigzag B corrective wave in abc move has been completed. C wave just started moving down, but wait to confirm the down sequence by impulse 1^st wave of C in 3 min time frame and its pull back to get in to trade with invalidation level of 303 as stops for C wave. The target of the trade is 260 level. It is having good risk reward ratio trade.

Nvidia Corporation (NVDA - NASDAQ) - Bulls in complete control

Nvidia Corporation (NVDA - NASDAQ) - As mentioned in previous updates it is forming impulse wave in 4 hr time frame, where 5^th final wave is in progress. In 10 min time frame, it is about to end 1^st wave with gap up today, thereafter 2^nd wave will start correct it, which can be good buying opportunity for 3^rd wave up of impulse. Keep eye on invalidation level 356.40 as stops of this impulse cycle. Below that the impulse wave is over.

Tesla Inc (TSLA - NASDAQ) - Big bull in control

Tesla Inc (TSLA - NASDAQ) is in strong up trend as impulse wave, where it is in 3^rd wave in 4 hr time frame. It is extending 3^rd wave. It is currently in 3^rd internal wave of 5^th subwave of 3^rd wave. In 15 min time frame, it will end 3^rd wave of impulse today with gaping up, thereafter 4^th wave pull back will happen, which will again make new high to end impulse 3^rd wave in 30 min time frame. Stay bullish on every three wave dip to get a new high.

Paypal Holdings Inc (PYPL - NASDAQ) - Big bulls in full control

Paypal Holdings Inc (PYPL - NASDAQ) is in 5^th wave, which is further extending in 4 hr time frame. In 30 min time frame, the 5^th wave is subdividing in impulse cycle, where subwave 1 & 2 were over and 3^rd subwave is under progress. It is about to finish 3^rd internal wave of 3^rd subwave with today’s gap up price action. Then it will go down for 4^th internal wave and one more high will end 3^rd subwave. Stay bullish with stops below 173.50. The 5^th wave target probably will 199 level. If price falls below 164.35 then 5^th wave considered either over or ending diagonal structure may an alternate option.

Autodesk Inc (ADSK - NASDAQ) - Choppy or trendy - What’s next ?

Autodesk Inc (ADSK - NASDAQ) is in impulse cycle in 4 hr time frame, which might either over as one count or two more waves away to end the pattern. As per main count, it is the 5^th subwave of 3^rd wave up, which is about to end its 1^st internal wave and will start 2^nd wave soon. .Thereafter 3^rd internal wave will start as good buy opportunity. As price moving up with increased momentum, it is obvious that waves are not over.

Square Inc (SQ - NYSE) - Bulls in complete control

Square Inc (SQ - NYSE) is in strong impulse up move, which is extending its 5^th wave in 4 hr time frame. In 30 min time frame, it is in the 3^rd internal wave of 3^rd wave, which is one more high away to complete, thereafter 4^th internal wave will pull back in price. Keep buying in every three wave pull back until it completes the whole cycle.

Cadence Design Systems Inc (CDNS - NASDAQ) - Bulls in control

Cadence Design Systems Inc (CDNS - NASDAQ) is in 5^th wave up in 4 hr time frame. In 30 min time frame, it is in the 3^rd internal wave of 3^rd wave up, which is one more high away to complete, thereafter 4^th internal wave will pull back in correction. Stay bullish in every three wave pull back for new high as target. The 3^rd wave in 4 hr time frame is smaller than 1^st wave, means 5^th wave will be even smaller than 3^rd wave expected or whole sequence may be the part of 3^rd wave, if price crosses the boundary.

DocuSign Inc (DOCU - NASDAQ) - Bulls in complete control

DocuSign Inc (DOCU - NASDAQ) is in strong impulse wave up in 4 hr time frame and within 3^rd wave extension. In 30 min time frame, it is in 5^th subwave of 3^rd wave, in which internal 3^rd wave is away of one more high. Stay bullish with every three wave pull back in price until price is within impulse wave cycle. In weekly time frame, it is in the 3^rd wave up of C (or 3^rd) with huge momentum and volume and out-peforming the NDX.

Domo Inc (DOMO - NASDAQ) - Bulls in control

Domo Inc (DOMO - NASDAQ) is in 5^th wave up in impulse cycle in 4 hr time frame. In 15 min time frame, it is in 3^rd subwave of 3^rd wave up of 5^th wave cycle, which probably ends with gap up today. Thereafter 4^th wave correction will start. One more high after that will probably end the impulse (if further not extends).

Elastic NV (ESTC - NYSE) - choppy before bulls taking control

Elastic NV (ESTC - NYSE) is in impulse wave up in 4 hr time frame and is within 4^th wave correction as WXY, where X is in progress. Wait for Y wave down to complete for next bullish entry for final wave up. Probably it will be good buy zone 89-85. Let’s see how charts unfold.

Coupa Software Inc (COUP - NASDAQ) - Bulls in complete control

Coupa Software Inc (COUP - NASDAQ) is in impulse wave up in4 hr time frame, where 5^th wave is going to extend after 3^rd wave. In 30 min time frame, it is in 3^rd internal wave of 3^rd subwave of 5^th wave up, which is about to over with new high, if not extends further. Stay bullish when three wave corrective pull back occur in 15 min time frame until the wave is valid.

Workiva Inc (WK - NYSE) - Bullish or choppy from here ?

Workiva Inc (WK - NYSE) is in impulse wave in 4 hr time frame, which is over, unless the 5^th wav not extends. Possibly it is correcting here, even if it will extend. So not a good buying candidate until clear count.

ServiceNow Inc (NOW - NYSE) - Bulls or bears who will take control ?

ServiceNow Inc (NOW - NYSE) is in strong uptrend in weekly time frame. It has about to complete the impulse sequence in 4 hr time frame, if 5^th wave will not extend further, so wait for at least three wave pull back in 15 min time frame before buy for extension with stops below 386.48 level. Below this level, it is considered that impulse is over.

Qualys Inc (QLYS - NASDAQ) - Choppy or more bearish ?

Qualys Inc (QLYS - NASDAQ) has completed impulse wave sequence in 4 hr time frame. Thereafter it started correcting impulse in 1 hr time frame. It dropped in A wave impulse and forming B wave as flat correction, which is about to end, but wait for impulse cycle of c of B to over and 1^st impulse wave down of C to occur to sell trade set up. It is already under-performer to NDX, which is added benefit to trade.

Novamax Inc (NVAX - NASDAQ) - bulls or bears - What’s next ?

Novamax Inc (NVAX - NASDAQ) is in strong uptrend in 4 hr time frame, which is impulse and within 5^th wave extension (unless it further unfold in extension). In 30 min time frame, it has completed 5^th wave after 4^th wave triangle. Within 4^th wave triangle, E wave itself was triangle. So possible sharp decline will be expected to drop within 4^th wave zone between 60-50 zone (unless it further extends).

Biohaven Pharmaceutical Holding Co Ltd (BHVN - NYSE) - Bulls Vs Bears - who will win the battle ?

Biohaven Pharmaceutical Holding Co Ltd (BHVN - NYSE) is in impulse wave in 4 hr time frame and about to completed 4^th wave as triangle. Buy above 73.98 level only if pricec crosses above with stops below 70.50 for the target of 79.50-81.50 zone. In weekly time frame, it is in WXY double zigzag correction.

Genmab AS (GMAB - NASDAQ) - Bulls holding tight

Genmab AS (GMAB - NASDAQ) is in strong uptrend in 4 hr time frame and it is within 5^th wave extension unless it drops below invalidation level of 33.56. Stay bullish in every three wave dip in 5 min time frame for new high until the price reaches to 5^th wave target zone.

Lululemon Athletica Inc (LULU - NASDAQ) - Bulls in complete control

Lululemon Athletica Inc (LULU - NASDAQ) is in impulse wave up in 4 hr time frame, where 5^th subwave of 3^rd wave up in progress with gaping up. Stay bullish for 5^th subwave with invalidation level of 302.66. It is in 3^rd internal wave of 5^th subwave in 15 min time frame with increased volume support. It is targeted to 340 level for 3^rd wave completion.

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EW Counts - UK stocks

2020-07-05T15:41:00.001+01:00

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7/5/2020

FTSE 100 (UKX - LSE) - Choppy to bearish price action

FTSE 100 (UKX - LSE) is in ABC zigzag wave patter in 60 min time frame since last swing high. It has already completed A impulse and B wave corrective pattern in abc zigzag wave. The C wave is in 3^rd wave down, where 1^st subwave of 3^rd wave is about to over, thereafter 2^nd subwave will go up to correct it, which give an opportunity to get in to sell trade with stops above 6265 invalidation level. The price must hold the level of 6344 as invalidation level for C wave to retain the count valid. The equi-distance target of C wave will be 5780 compared wave A.

FTSE 250 (FTMC - LSE) - Choppy to bearish price action

FTSE 250 (FTMC - LSE) has completed ABC zigzag wave from from last swing low made on 19 March to 8 June high in 4 hr time frame. It is in ABC zigzag down cycle in 60 min time frame, where A & B both waves were over. It is in 3^rd wave down of C wave, but wait for 2^nd subwave pull back after 1^st subwave impulse over to get in to trade with stops above 17799 for target zone of 16050.

3I group PLC (III - LSE) - Choppy to bearish price action

3I group PLC (III - LSE) is in corrective down sequence in WXY, where Y wave down is in progress. Sell with stops above 864.60 for A wave down of Y wave, thereafter B wave will correct it which again will give trade opportunity to sell. In weekly time frame, it has completed impulse sequence and correcting it downside in complex correction.

Antofagasta PLC (ANTO - LSE) - Choppy or Bearish price action ?

Antofagasta PLC (ANTO - LSE) has completed 3^rd wave up (or C in ABC) sequence in 3 hr time frame since last major low made in March. The 5^th subwave of 3^rd (or C) wave is within ending diagonal structure, which is over now, so sell with small pull back on price with stops above 950.90 as invalidation level above high of ending diagonal for target below 890 level. In weekly time frame, it is within corrective pattern. Price should go down faster if it completed ending diagonal structure that should be keep in mind and if it consolidates then get out of trade.

Berkeley Group Holdings PLC (BKGH - LSE) - Bears taking control slowly

Berkeley Group Holdings PLC (BKGH - LSE) is in ABC wave pattern zigzag in daily time frame after impulse over in weekly time frame. In 1 hr time frame, it completed 1^st (or A) wave down and correcting in 2^nd (B) wave, which may go slight more up. Wait for confirmation that 2^nd (B) wave ended and thereafter impulse wave cycle down in 5 min time frame. Sell with stops above 2^nd wave high in pull back for 3^rd (or C) wave down. If it turns out impulse C wave, then it will go make new low below 3000 level.

BP PLC (BP - LSE) - Bears about to attack

BP PLC (BP - LSE) is in ABC zigzag down sequence in 1 hr time frame, where it has already completed impulse A and triangle B wave. The C wave is in progress, which will be confirmed when triangle broken down below 301.10 level. Sell below with invalidation level 315.70. The alternate B wave will be more complex if price crosses above 315.70 level as wxy. So wait for respective level to brake. Here the triangle pattern is not that strong, but stock itself is under-performer to UKX, so bearish trade is possible, when three wave bounce with some divergence in smaller time frame will be good opportunity to sell.

Bunzl PLC (BNZL - LSE) - Choppy or trendy - what’s next ?

Bunzl PLC (BNZL - LSE) is in impulse up cycle in 4 hr time frame, where it has completed 3^rd wave up and correcting down in 4^th irregular complex correction wxy, where y wave is in progress. Wait for y wave to complete to get in to trade for 5^th wave up. In weekly time frame, it is in 5^th wave up. It is out-performer to UKX index and good buying candidate, when price arrived in desired region. Meantime, in 5 min time frame, after confirming impulse wave down with appropriate pull back, it can be small sell trade as UKX index supposed to bearish from current level. But always keep invalidation level ready for sell trade.

For Historical analyses of FTSE100 (UKX) index and stocks click here.

EW Counts - India stocks

2020-07-05T04:58:00.001+01:00

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7/29/2020

Nifty-

Banknifty-

Niftymidcap50-

Nifty Auto-

7/25/2020

Adani Port & Special Economic Zone Ltd (Adaniport - Nifty) - Choppy price action

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) has completed impulse cycle at last swing high and now correcting down in ABC zigzag, where A impulse down is about to end as divergence already occur, so next possible move will be B wave up, which probably ends nears 330 level.

Axis Bank Ltd (Axisbank - Nifty) - Choppy to bearish price action

Axis Bank Ltd (Axisbank - NSE) is in choppy price action as WXY complex corrective pattern. It is in a subwave of Y down, which is abou to over and thereafter b wave will go up. Stay bearish when it b wave ends.

Bajaj Auto Ltd (Bajajauto - Nifty) - Choppy to bearish price action

Bajaj Auto Ltd (Bajajauto - NSE) has completed corrective double zigzag WXY upside. It is in abc flat correction. Stay bearish below 3051 for target zone of 2910.

Bajaj Finance Ltd (Bajajfin - Nifty) - Bearish to choppy price action

Bajaj Finance Ltd (Bajajfin - NSE) has completed impulse of C wave in ABC zigzag cycle and moving down in abc cycle. It is n b wave which can be flat or triangle, so stay bearish for c wave of target of 3100 or lower. The fall in a wave was supported with high volume.

Bharat Petroleum Corp Ltd (BPCL - Nifty) - Bullish price action

Bharat Petroleum Corp Ltd (BPCL - NSE) is within 4^th wave complex correction as WXY of C wave up, so stay bullish when it gets finished for the target of new high.

Bajaj Finserv Ltd (Bajajfinsv - Nifty) - choppy to bearish price action

Bajaj Finserv Ltd (Bajajfinsv - NSE) has completed 5 wave cycle as indicated in chart. It stay bearish with stop loss above 6458 and possibly price to go down below 6068 below wave 4 very easily.

Britannia Industries Ltd (Britannia - Nifty) - choppy to bearish price action

Britannia Industries Ltd (Britannia - NSE) has completed 3^rd wave cycle in impulse and started correcting down in ABC zigzag. So wait for B to over to sell for C down.

Bharti Airtel Ltd (Bhartiartl - Nifty) - choppy or trendy - what’s next ?

Bharti Airtel Ltd (Bhartiartl - NSE) is in choppy price action, where (W)(X)(Y) corrective cycle is in progress. So stay bearish when it bounces up.

Bharti Infratel Ltd (Infratel - Nifty) - choppy or bullish - what’s next ?

Bharti Infratel Ltd (Infratel - NSE) has completed WXY correction. It is now in abc correction and possible c wave will be choppy to up, but count is not very confident as it has more alternatives for both direction either up or down. So stay back until clear path.

Eicher Motors Ltd (Eichermot - Nifty) - Bullish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - Nifty) is about to end 5^th of 5^th soon, with good divergence, so stay bearish when it done. Possible gap up can end the cycle. Stay bearish for target zone of 18400 or lower.

Hcl Technologies Ltd (Hcltech - Nifty) - How much bullish from current level ?

Hcl Technologies Ltd (Hcltech - Nifty) is in extended 5^th wave, where 5^th of 5^th wave is in progress and will go more higher before end the cycle, so keep eye in 10 min time frame to track the micro waves.

Housing Development Finance Corporation Ltd (HDFC - Nifty) - Choppy or bearish - what’s next ?

Housing Development Finance Corporation Ltd (HDFC - Nifty) is complex correction WXY after ABC correction. Stay bearish with stop loss above 1911 for target of 1750 or lower.

HDFC Bank Ltd (Hdfcbank - Nifty) - choppy or trendy - what’s next ?

HDFC Bank Ltd (Hdfcbank - Nifty) is in correction after ABC zigzag finished. The correction is under progress, so stay bearish near 1130-45 zone for downside 1060 or lower as target with stop loss above 1157.

Hero MotoCorp Ltd (Heromotoco - Nifty) - Choppy or trendy - what’s next ?

Hero MotoCorp Ltd (Heromotoco - Nifty) has completed impulse of C in ABC cycle and now correcting down. It has two wave option, so below 2795 price is in ABC zigzag, but above this level it can form wxy correction. So stay bearish according to price movement.

Hindalco Industries Ltd (Hindalco - Nifty) - bearish price action

Hindalco Industries Ltd (Hindalco - Nifty) has completed impulse cycle in 2 hr time chart. It is then correcting it downside in WXY correction, where Y down is in progress as abc. Wave 2^nd of c is in progress, so stay bearish below 162.40 as stop loss for target below 145 level.

Hindustan Unilever Ltd (Hindunilvr - Nifty) - Choppy to bearish price action

Hindustan Unilever Ltd (Hindunilvr - Nifty) has completed wave A drop and correcting up in B wave as abc cycle, so stay bearish when it get finished around 2260-2300 range for C wave down of target zone 2100 or lower. Keep eye in 5 min time frame to track the micro waves for B wave.

ICICI Bank Ltd (Icicibank - Nifty) - choppy to bearish price action

ICICI Bank Ltd (Icicibank - NSE) has completed ABC zigzag, where B wave was complex WXY correction. So next will be bearish price action. Monday will be big gap as earning call. So let’s see how it moves.

Indian Oil Corporation Ltd (IOC - Nifty) - Bulls taking control

Indian Oil Corporation Ltd (IOC - Nifty) has completed 1^st wave of C cycle up in ABC zigzag mentioned in earlier updates. It is in 2^nd wave correction as abc, so can be good sell when b over for c down of 2^nd wave. Thereafter 3^rd wave will be again good buying opportunity for trade wave C.

IndusInd Bank Ltd (Indusindbk - Nifty) - Choppy price action

IndusInd Bank Ltd (Indusindbk - NSE) is in WXY, where X wave in C wave up is in progress, so stay bearish when it gets finished for Y wave down.

Infosys Ltd (Infy - Nifty) - Bulls taking control back

Infosys Ltd (Infy - Nifty) is in 4^th wave correction of impulse cycle in C wave. It is in either triangle or complex correction, so wait for it confirm the sequence. Stay bullish for 5^th wave of C wave.

Larsen & Toubro Ltd (LT - Nifty) - choppy price action

Larsen & Toubro Ltd (LT - NSE) is in C wave of Y cycle in (Y) wave. It is under performing.

Mahindra & Mahindra Ltd (M&M - Nifty) - Bulls with tight grip

Mahindra & Mahindra Ltd (M&M - NSE) has completed 5^th wave in impulse cycle. Now it is in correcting zone. Stay bearish for C down.

Reliance Industries Ltd (Reliance - Nifty) - Bulls in complete control

Reliance Industries Ltd (Reliance - NSE) is in 5^th of 3^rd wave up, which might be about to finish, thereafter 4^th wave will start correcting the move.

Vedanta Ltd (VEDL - Nifty) - Bullish or choppy - what’s next ?

Vedanta Ltd (VEDL - Nifty) has completed 5^th wave of impulse cycle. Therefore next cycle will be corrective down, which might be simple or complex. Stay bearish from current level for target zone of 104 or even lower.

Amara Raja Batteries Ltd (AMARAJABAT - Nifty) - Bulls about to lose control

Amara Raja Batteries Ltd (AMARAJABAT - NSE) is in WXY correction after impulse over since last Corona low. It has completed W and X wave and Y wave is in progress as ABC. Wave C is in progress, so stay bearish with stop loss above 716.65 for target zone of 660 or lower.

Godrej Industries Ltd (Godrejind - Nifty) Bearish price action

Godrej Industries Ltd (Godrejind - Nifty) is in WXY complex double zigzag correction after impulse cycle over as indicated in chart. So stay bearish with stop loss above 377.05 for target of 340-320 zone. Enter in trade when found pull back in 5 min chart.

Balkrishna Industries Ltd (Balkrisind - Nifty) - Bearish price action

Balkrishna Industries Ltd (Balkrisind - Nifty) is in ABC zigzag cycle as correction after impulse cycle over since Corona low. Sell it with stops above 1292 for target of C in range of 1180 or lower.

7/19/2020

Nifty50 (Nifty - NSE) - Bulls in control

Nifty50 (Nifty - NSE) is in 5^th wave of C wave up as mentioned in previous updates, so stay bullish above invalidation level as 4^th wave low.

Nifty midcap50 (Niftymidcap50 - NSE) - Bulls in control

Nifty midcap50 (Niftymidcap50 - NSE) is in 5^th wave of C wave up as mentioned in previous updates, so stay bullish above invalidation level as 4^th wave low. It is more clear count than Nifty. 2^nd subwave will probably go dip down.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Choppy price action

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) has completed impulse cycle and now correcting in WXY correction, so choppy price action expected, trade divergence both the side.

Asian Paints Ltd (Asianpaint - NSE) - Choppy or trendy - what’s next ?

Asian Paints Ltd (Asianpaint - NSE) is in 2^nd subwave of C of Y wave down. It is in c of 2^nd subwave up. This structures is overall choppy so better to trade divergence when c over to sell.

Axis Bank Ltd (Axisbank - NSE) - Choppy price action

Axis Bank Ltd (Axisbank - NSE) is in choppy price action as WXY complex corrective pattern. It is in b wave of Y down. Stay bearish when it ends.

Bajaj Auto Ltd (Bajajauto - NSE) - Choppy to bullish price action

Bajaj Auto Ltd (Bajajauto - NSE) is in corrective cycle upside in c wave as the part of abc in X wave up.

Bajaj Finance Ltd (Bajajfin - NSE) - Bullish price action

Bajaj Finance Ltd (Bajajfin - NSE) is in 5^th subwave of C wave up, stay bullish above 3104 for target above 3500 or higher, if price dips around 3190-3210.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - choppy to bullish price action

Bajaj Finserv Ltd (Bajajfinsv - NSE) has completed ABC sequence up and now correcting in WXY, where X wave up as abc cycle is in progress. Stay bullish at around 6200 level with stop loss below 6067 for target of 6600-6700 zone. Alternatively it can be 5^th wave up in 4 hr time frame.

Britannia Industries Ltd (Britannia - NSE) - Bulls in charge

Britannia Industries Ltd (Britannia - NSE) it has completed impulse cycle up and now correcting down. If gaps up then can be good sell as volume capitulates on 5^th wave candle with stop loss above 3936. Below 3690 it is choppy to bearish only. If price crosses above 3936, then it means it start extending 5^th wave, then stay bullish.

Bharti Airtel Ltd (Bhartiartl - NSE) - choppy or trendy - what’s next ?

Bharti Airtel Ltd (Bhartiartl - NSE) is in choppy price action, where (W)(X)(Y) corrective cycle is in progress. (Y) wave down is in progress as WXY where X wave correction is in progress. Stay bearish when it over.

Bharti Infratel Ltd (Infratel - NSE) - choppy or bullish - what’s next ?

Bharti Infratel Ltd (Infratel - NSE) has completed WXY cycle as expected previously, now price is in ABC up move as correction.

Eicher Motors Ltd (Eichermot - NSE) - Bullish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - NSE) is in corrective mode, where W has over of (X) cycle. X of (X) will be in progress now.

HDFC Bank Ltd (Hdfcbank - NSE) - choppy or trendy - what’s next ?

HDFC Bank Ltd (Hdfcbank - NSE) is about to end A wave, thereafter B wave down will start going down. Stay bullish when it over.

Grasim industries Ltd (Grasim - NSE) - choppy price action

Grasim industries Ltd (Grasim - NSE) has completed WXY choppy price action, wait till next waves unfold the next direction.

Hcl Technologies Ltd (Hcltech - NSE) - Bearish or bullish - what’s next price action ?

Hcl Technologies Ltd (Hcltech - NSE) has completed 5 wave up side and start correcting down side. So stay bearish with high as stop loss 652. Sell when (B) wave ends the simple abc correction.

Hero MotoCorp Ltd (Heromotoco - NSE) - Choppy or trendy - what’s next ?

Hero MotoCorp Ltd (Heromotoco - NSE) has completed 4^th wave as ABC correction and now it is in 5^th wave up, stay bullish for new high.

Housing Development Finance Corporation Ltd (HDFC - NSE) - Bullish or bearish - what’s next ?

Housing Development Finance Corporation Ltd (HDFC - NSE) is in ABC zigzag down where A wave has been ended in impulse, while B wave is in progress.

ICICI Bank Ltd (Icicibank - NSE) - choppy price action

ICICI Bank Ltd (Icicibank - NSE) is in choppy price action as abc up move after completing WXY correction.

Indian Oil Corporation Ltd (IOC - NSE) - Choppy or trendy - what’s next ?

Indian Oil Corporation Ltd (IOC - NSE) has completed (B) wave in complex correction as WXY. It is just started (C) wave up, so stay bullish with stop loss below 82.50 when it dip down for wave 2.

IndusInd Bank Ltd (Indusindbk - NSE) - Choppy price action

IndusInd Bank Ltd (Indusindbk - NSE) is in WXY, where W and X waves ended, while Y is in progress. It is in choppy price action, but flat ABC expected to be in down direction.

ITC Ltd (ITC - NSE) - choppy bearish price action

ITC Ltd (ITC - NSE) is in C wave down of Y wave, where 3^rd wave is in progress, stay bearish with stop loss above 200.10.

Larsen & Toubro Ltd (LT - NSE) - choppy price action

Larsen & Toubro Ltd (LT - NSE) has completed WXY correction and now moving up as ABC, stay bullish.

Mahindra & Mahindra Ltd (M&M - NSE) - Bulls with tight grip

Mahindra & Mahindra Ltd (M&M - NSE) is in 5^th subwave of 5^th wave up as expected in previous updates. One more high after little pull back will probably ends the impulse unless it further not extends.

Reliance Industries Ltd (Reliance - NSE) - choppy or bullish - what’s next ?

Reliance Industries Ltd (Reliance - NSE) has completed impulse cycle up side, so corrective ABC cycle is in progress.

7/12/2020

Nifty50 (Nifty - NSE) - Choppy or bullish - What’s next ?

Nifty50 (Nifty - NSE) is in 4^th internal wave of 5^th subwave of 3^rd wave, which end soon and then 5^th subwave will end with new high. The 3^rd wave is the part of C wave within ABC zigzag pattern. 5^th subwave of 3^rd will make new high at that time huge indicator divergence will be there, so it should reversed faster down to correct it again in wave 4 of C wave. Trade can b possible in both the direction.

Nifty midcap50 (Niftymidcap50 - NSE) - Choppy or bullish - What’s next ?

Nifty50 (Nifty - NSE) is within 4^th wave correction as the part of C wave in ABC zigzag up move (or it may turn out as 3^rd wave of Impulse sequence other than ABC count). 2^nd wave in C was irregular flat, so 4^th can be complex or triangle wave. Wait for it to over to get in to 5^th wave up. The possible price movement is choppy, means at new high it can be good sell as well within wave 4 of C.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Choppy or bullish - what’s next ?

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is within 4^th wave correction and take little time to end, thereafter 5^th wave will start, so stay bullish as market direction also bullish for one more high after 1-2 trading session. It has positive divergence on oscillator, so price will bounce possibly, means choppy price action for one-two days.

Asian Paints Ltd (Asianpaint - NSE) - Choppy or trendy - what’s next ?

Asian Paints Ltd (Asianpaint - NSE) is in 3^rd wave of C down as the part of Y wave down in WXY complex correction. It is under-performing the market. It is in 2^nd subwave of 3^rd wave down, which will proceed for c up to complete subwave 2. Thereafter sell for 3^rd subwave of 3^rd wave down, which probably should the sharp downfall the cycle with stop loss above 1762 for target one of 1560 level for 3^rd wave, where price can find support.

Axis Bank Ltd (Axisbank - NSE) - Choppy price action

Axis Bank Ltd (Axisbank - NSE) is in choppy price action as complex WXY correction and X wave is in progress, which probably abc flat correction and c as impulse down is in progress. It must stay below 456.80 to retain in c wave down as invalidation level. Overall choppy price action , but it is under-performer so negative divergence in any case should be good sell trade.

Bajaj Auto Ltd (Bajajauto - NSE) - Choppy to bearish price action

Bajaj Auto Ltd (Bajajauto - NSE) is in corrective down cycle after it has completed double zigzag correction upside as WXY. Stay bearish with stop loss above 2976 for c wave down within abc correction. The high volume than average can drive it either the way. So overall price is within a channel.

Bajaj Finance Ltd (Bajajfin - NSE) - Bullish price action

Bajaj Finance Ltd (Bajajfin - NSE) is in extended 5^th wave up, which is in 3^rd subwave of 5^th wave of C wave in ABC zigzag pattern supported with huge volume even recently. Stay bullish with stop loss above 3178 for target of new high above 3600-3700 for 5^th of C cycle. The oscillator confirms the trend as high momentum and no divergence.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - choppy to bullish price action

Bajaj Finserv Ltd (Bajajfinsv - NSE) is in 5^th wave extension as price continue to rise within subdivision of smaller waves. Stay bullish with stop loss below 6386 for target of new high above 6800 or higher as it is in 3^rd subwave of 5^th of C wave up in ABC zigzag move up.

Britannia Industries Ltd (Britannia - NSE) - Bulls in charge

Britannia Industries Ltd (Britannia - NSE) is in 4^th internal wave of 3^rd subwave of 3^rd wave up. Stay bullish when it over at around 3650-3600. It may possible that it will go and complete the upper wave within going down to said levels. But wait for one more three wave pull back to same zone to get in to another trade for final 5^th subwave of 3^rd wave. Overall its strong stock in weekly and current time frame, so stay bullish only.

Bharti Airtel Ltd (Bhartiartl - NSE) - Bears taking control slowly

Bharti Airtel Ltd (Bhartiartl - NSE) is in B wave correction of ABC zigzag of Y wave within WXY correction as double zigzag in 1 hr time frame. It is about to end B wave, but wait for confirmation in 5 min time frame, thereafter sell it for C wave down with stop loss above 588.90 for target zone of 540-20. It is choppy in price action since two months.

Bharti Infratel Ltd (Infratel - NSE) - Bears already attacked as expected

Bharti Infratel Ltd (Infratel - NSE) is about to finish the 5^th wave of C wave down of Y wave in WXY sequence. No more trade set up until it gets settled.

Eicher Motors Ltd (Eichermot - NSE) - Bearish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - NSE) it has complete ABC zigzag and now correcting down in abc zigzag, where a was over and b is in progress. Keep eye in 5 min time frame to track the b wave and sell for c wave, when b is over.

HDFC Bank Ltd (Hdfcbank - NSE) - Bears will take over

HDFC Bank Ltd (Hdfcbank - NSE) is in corrective mode now, which might be ABC zigzag down. It ended 5^th wave in ending diagonal in C wave with 0.78 times of wave A distance. It gaped down as price confirmation of bearishness. It is a good sell with stop loss above 1129 when have small pull back. Price should go down sharply after pull back, which normally the case when ending diagonal is present.

Grasim industries Ltd (Grasim - NSE) - Choppy price action

Grasim industries Ltd (Grasim - NSE) is in WXY correction in 2 hr time frame, where Y wave down is in progress. It has completed A down and B corrective cycle is in progress, which might end with nifty up cycle after 5-7 trading days. So good sell trade when it completes B wave up for C down.

Hcl Technologies Ltd (Hcltech - NSE) - Bulls about to lose the control

Hcl Technologies Ltd (Hcltech - NSE) is in 5^th final subwave of 5^th wave up, which can be small buy with stop loss below 572.95 for target of new high above 595-605 level. After that it will reverse as impulse wave cycle over (unless it starts extending). Sell only after confirmation of wave 5 in smaller time frame. Better bet is wait for impulse fall as confirmatory move and sell in pull back with high as stop loss.

Hero MotoCorp Ltd (Heromotoco - NSE) - Choppy or trendy - what’s next ?

Hero MotoCorp Ltd (Heromotoco - NSE) is in 4^th wave correction, which might be flat or complex, So can be sell when go up in B (or X) wave. It is a good buy too also it completes the 4^th wave for 5^th wave up of C wave in ABC zigzag move. Auto sector has the same wave pattern.

Housing Development Finance Corporation Ltd (HDFC - NSE) - Bearish or Choppy - what’s next ?

Housing Development Finance Corporation Ltd (HDFC - NSE) has completed WXY complex correction, where Y was ended in ABC. New cycle has started moving down, which can be abc or impulse as A, so will see as it progresses. Stay bearish when pull back occurs, with high as invalidation level for c or (3^rd wave) down.

ICICI Bank Ltd (Icicibank - NSE) - Bearish price action

ICICI Bank Ltd (Icicibank - NSE) is in 3^rd wave down of c with gap, which confirms the bearishness, so stay bearish with stop loss above 372.35. The c wave is the part of abc flat down of Y wave within WXY complex correction of (B) wave.

7/8/2020

Nifty50 futures (IND50 Nifty_F) - Bullish or choppy - what’s next ?

Nifty50 futures (IND50 Nifty_F) has completed impulse cycle of C wave up in ABC zizgag correction of (Y) wave up within 2 hour time frame. The impulse end will confirm, when price is broken below 10658 level, means below that level bearish trade set up is advisable for the target zone of 10200-300 level with stops above 10850.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Bulls in complete control

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) has completed 3^rd wave and now correcting down in 4^th wave, where A wave is about to over and B wave will rise thereafter.

Asian Paints Ltd (Asianpaint - NSE) - Choppy or trendy - what’s next ?

Asian Paints Ltd (Asianpaint - NSE) has completed 2^nd wave of (C) down and moving now in 3^rd wave, which should be extended move. So wait for pull back to get in to trade in 5 min time frame with stops above 1762 and stay in trade. The (C) wave will going to be impulse, so the target will be huge. The high volume in 1st wave down will drive the price faster than expected.

Axis Bank Ltd (Axisbank - NSE) - Choppy to bearish price action

Axis Bank Ltd (Axisbank - NSE) is about to end B corrective wave, so wait for impulse wave down to confirm the B wave ended and then enter in sell trade in pull back with stops above B wave high. It is under-performer to Nifty so better sell trade.

Bajaj Auto Ltd (Bajajauto - NSE) - Choppy to bearish price action

Bajaj Auto Ltd (Bajajauto - NSE) is in choppy price action after WXY correction within 2 hr time frame. It dropped in either wave A or 1. so sell within wave 2 or B up move in 5 min time frame for C or 3^rd wave down. It has made double top pattern so bearish more when broke 2817 level.

Bajaj Finance Ltd (Bajajfin - NSE) - Choppy to bearish price action

Bajaj Finance Ltd (Bajajfin - NSE) It has completed C wave at 1.618 times of wave A and 5^th wave was in leading diagonal structure, which resulting in sharp reversal. So stay bearish in small pull back within 3 min time frame with stops above 3419 for target of 3000 level as ABC correction. The volume capitulation will drive the trend down.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - Choppy to bearish price action

Bajaj Finserv Ltd (Bajajfinsv - NSE) is in similar wave count with Bajajfinance, where C wave has over. So stay bearish but wait for 1^st impulse wave down and get in to it with three wave pull back with stops above 6680 level for target of 6200-5900 zone.

Bharat Petroleum Corp Ltd (BPCL - NSE) - Choppy to bearish price action

Bharat Petroleum Corp Ltd (BPCL - NSE) has completed B wave within ABC flat corrective pattern after Impulse C wave cycle over. Sell around at 388-392 level with stops above 397 for target zone of 370-60 level.

Britannia Industries Ltd (Britannia - NSE) - Bulls in charge

Britannia Industries Ltd (Britannia - NSE) is within the impulse of small subwaves and going as per expectations, so stay bullish in every three wave dip for next new high as waves drawn on the chart. Stay with the trend.

Bharti Airtel Ltd (Bhartiartl - NSE) - Bears take the lead

Bharti Airtel Ltd (Bhartiartl - NSE) is within WXY correction in 2 hr time frame, where Y down is in the progress. A wave impulse cycle of Y down is about to end then B wave up will start moving up in three wave up, which is good entry to sell trade with stops above 589 for target of 530 level. Stay bearish only in this trade, as it is good under-performer to Nifty.

Bharti Infratel Ltd (Infratel - NSE) - Bears taking lead

Bharti Infratel Ltd (Infratel - NSE) is within WXY correction, where Y is in progress within 2 hr time frame. It has completed A and B wave as the part of correction and moving down in C wave. It is about to end 1^st wave of C and will rise in 2^nd wave, which is good entry to sell for C wave down targeted to 200 or below level with stops above 228.60. It is good risk reward ratio set up for the trade.

Eicher Motors Ltd (Eichermot - NSE) - Bearish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - NSE) has completed ABC zigzag as mentioned in previous updates. It started correcting the up move. So stay bearish for ABC move down. Wait for impulse A to confirm the move and take entry in B wave with high of A as stops to trade C wave.

HDFC Bank Ltd (Hdfcbank - NSE) - Bears will take over

HDFC Bank Ltd (Hdfcbank - NSE) has completed ABC zigzag pattern, where 5^th wave of C cycle is ended in ending diagonal structure, means reversal expected to be so sharp. Stay bearish with high as stops 1125, which is easily go down to 1050- 30 level. Wait for wedge to broken down.

Hero MotoCorp Ltd (Heromotoco - NSE) - Choppy price action

Hero MotoCorp Ltd (Heromotoco - NSE) has completed 3^rd wave of C wave up as mentioned in previous updates. It is now within 4^th wave correction which should be flat or complex correction as wave 2 was sharp. So wait for correction to over for 5^th wave up buying. Can be sold when three wave bounce seen.

Hindalco Industries Ltd (Hindalco - NSE) - bearish price action

Hindalco Industries Ltd (Hindalco - NSE) has completed B wave within Y wave down cycle as the part of complex correction mentioned earlier. It is within 1^st wave down, so wait for 2^nd wave rise to get in to trade with stops above 158.15 for the target below 138 as Y wave within WXY correction.

ICICI Bank Ltd (Icicibank - NSE) - Bearish price action

ICICI Bank Ltd (Icicibank - NSE) has completed B wave in flat ABC correction. It is within 1^st wave down of C wave, wait to its over and then 2^nd wave will rise tomorrow to get in to trade for C wave down with stops above invalidation level of 379 for target of 330.

7/7/2020

Amara Raja Batteries Ltd (AMARAJABAT - NSE) - Bulls about to lose control

Amara Raja Batteries Ltd (AMARAJABAT - NSE) is in impulse wave up in 4 hr time frame, which is about to end with one more high in 5 min time frame (unless further extends). Thereafter at least ABC correction downside expected, which will take time. So it can be small sell trade with high as stops made by 5^th wave, but only after impulse wave down confirmation in 5 min time frame after 5^th wave over.

Ashok Leyland Ltd (ASHOKLEY - NSE) - Bearish outlook

Ashok Leyland Ltd (ASHOKLEY - NSE) is in correction mode, where in 4 hr time frame, from last bottom it has completed WXY correction and now correcting down side in wxy correction in 30 min time frame. It is big under-performer to Nifty and so as good selling candidate. Wait for impulse drop in 5 min time frame to confirm the x wave over and y wave start. Then sell with high as stops for down side target of 42-40.

Exide Industries Ltd (EXIDEIND - NSE) - Bearish outlook

Exide Industries Ltd (EXIDEIND - NSE) is in ABC zigzag down cycle in 1 hr time frame. Wave A was impulse and B is complex correction as wxy where y is in abc, which is about to over. But wait for impulse wave 1 of C down to confirm the end of B wave, then enter in 2^nd wave pull back with stops above B high for target zone below 130 level. The sell strategy is based on the fact that B wave can unfold in abc flat correction having c in impulse cycle, where 4and 5^th subwave of c will go up to complete the B wave, which is accounted here to stay safe in trading. It is big under-performer to Nifty and so as good selling candidate.

Interglobe Aviation Ltd (INDIGO - NSE) - Bearish outlook

Interglobe Aviation Ltd (INDIGO - NSE) is in ABC zigzag down cycle, where A impulse and B corrective was over. The C wave down is in progress, where 1^st subwave impulse ended and 2^nd subwave is in correction, so sell at around 1050- 1080 zone with stops above 1107 for target of 850 level. It is big under-performer to Nifty and so as good selling candidate.

Bank of Baroda Ltd (BANKBARODA - NSE) - Bearish outlook

Bank of Baroda Ltd (BANKBARODA - NSE) is in ABC zigzag down cycle, where A impulse and B corrective was over. The C wave down is in progress, so stay bearish in small pull back in 3^rd subwave in 5 min time frame, to get trade entry. It will go up to 46.35 level to end the C wave as equi-distance to wave A. It is big under-performer to Nifty and so as good selling candidate.

Federal Bank Ltd (FEDERALBNK - NSE) - Bearish outlook

Federal Bank Ltd (FEDERALBNK - NSE) is in ABC zigzag down cycle, where A impulse and B corrective was over. The C wave down is in progress and it is in 1^st wave down, wait for 2^nd wave pull back, which will probably dip. Sell in 2^nd wave with stops above invalidation level of 54.70 for the target of 48 level. B wave was complex correction. It is big under-performer to Nifty and so as good selling candidate.

7/4/2020

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Bulls in complete control

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is moving as expected in previous updates as strong uptrend. It is in 5^th subwave of 3^rd wave. Stay bullish as it approaches the target zone. It is one more high away to end the 3^rd wave.

Asian Paints Ltd (Asianpaint - NSE) - Choppy or trendy - what’s next ?

Asian Paints Ltd (Asianpaint - NSE) is in choppy zone in 2 hr time frame, forming either triangle or complex WXY correction pattern, but in both case C wave will go down in 30 min time frame, from last swing high of 1812.50 with minimum target zone 1550 or lower. In 15 min time frame, the last fall was A wave and B wave was ended with flat correction abc (or c may subdivide, will know as price progresses). C down wave is in progress now, but keep eye on invalidation level of 1720 as stops to sell from here. It should start dropping soon in impulse sequence if C wave confirmed. Alternate count must be keep in mind that c of B wave up will subdivide, so if time taken but price doesn’t fall, then second option is in progress. The major invalidation level of pattern is 1812.50.

Axis Bank Ltd (Axisbank - NSE) - Choppy price action

Axis Bank Ltd (Axisbank - NSE) is in corrective mode. It completed ABC sequence up as predicted in last updates. Now it starts correcting either ABC move, or C wave can extended as two options available in wave counts. As price is under-performer to Nifty, the first option is looks obvious on chart. It is going down in c wave in abc zigzag down of X wave, so can be good sell with stops of 441 as invalidation level for target zone of 395-90.

Bajaj Auto Ltd (Bajajauto - NSE) - Bulls in full control

Bajaj Auto Ltd (Bajajauto - NSE) is in 5^th subwave of 3^rd wave up in C wave cycle. It must hold the level of 2800 to retain the wave count. Stay bullish for new high above 3000 level. This is the part of ABC zigzag correction cycle up.

Bajaj Finance Ltd (Bajajfin - NSE) - Choppy price action

Bajaj Finance Ltd (Bajajfin - NSE) As mentioned in previous updates, ABC zigzag correction was over, but 5^th wave of C was truncated, which was generally not expected. Now it is correting in abc flat correction, where price is within 3^rd subwave down, so stay bearish with invalidation level of 3016 for target of 2725 level for quick trade. Overall its within corrective mode.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - Choppy price action

Bajaj Finserv Ltd (Bajajfinsv - NSE) it has completed ABC zigzag up move and correcting it down in WXY. It completed W & X wave in double zigzag correction. Y wave down is in progress, which also go down in abc move. The invalidation level for trade set up and pattern is 6261 level for target zone around 5580.

Bharat Petroleum Corp Ltd (BPCL - NSE) - Choppy price action

Bharat Petroleum Corp Ltd (BPCL - NSE) has completed ABC zigzag pattern, where C wave failed to make new high above its internal 3^rd wave, called truncated 5^th wave. It is now correcting down in abc correction, where c down is in progress. From current point of price, it should be range bound to slight bearish expected for next week.

Britannia Industries Ltd (Britannia - NSE) - Bulls in charge

Britannia Industries Ltd (Britannia - NSE) is in 5^th subwave of 3^rd wave up as mentioned in previous updates in uptrend. It is started subdividing the 5^th subwave, which is within 3^rd internal wave, which is one swing high away to complete in 15 min time frame. Stay bullish above level 3384 for new high above 3750- 3850 level as 3^rd wave in 2 hr time frame.

Bharti Airtel Ltd (Bhartiartl - NSE) - Bulls or bears - who will win the battle ?

Bharti Airtel Ltd (Bhartiartl - NSE) has completed impulse wave up as C in 4 hr time frame and now it is correcting down side. Here two counts possible, where one is either WXY complex correction, where Y wave down is in progress as in wxy in which y wave will start moving down. Alternatively triangle possible, which is about to break upside, where invalidation level of 588.10 is crucial, because above that level stay bullish only for new high and big upmove. But below that level stay bearish for down cycle, which probably ends near 520-30 level.

Bharti Infratel Ltd (Infratel - NSE) - Bears waiting to attack

Bharti Infratel Ltd (Infratel - NSE) has completed WXY correction in 2 hr time frame from major bottom and correcting it with another wxy correction. Wave y down is in progress, where internal b wave is about to end with one minor high in 5 min time frame, thereafter c wave down will start. So stay bearish with stops above 237.55 level for target of 200 or below.

Cipla Ltd (Cipla - NSE) - Choppy price action

Cipla Ltd (Cipla - NSE) is in correction after it has completed ABC zigzag pattern in 4 hr time frame. It is within complex corrective pattern, where flat and zigzag structures are unfolding. Next wave should be flat in 15 min time frame expected.

Eicher Motors Ltd (Eichermot - NSE) - Bulls riding the trend

Eicher Motors Ltd (Eichermot - NSE) As mentioned in previous updates it is moving towards the target of C wave up in its 5^th wave of target zone 20500 as equal size to wave A. Below level 18015 the sequence will consider as ended if price falls below. Stay small bullish as in pull back as price is within wave 5 of C. The truncated 5^th wave low at major bottom in 3 hr time frame confirms the sharp rise in price with huge volume support.

HDFC Bank Ltd (Hdfcbank - NSE) - Choppy or trendy - what’s next ?

HDFC Bank Ltd (Hdfcbank - NSE) is in correction after ABC over or 1^st wave of C over, so wait for next correction move to get idea about next big cycle. The overall trend is up with invalidation level of 932.40. stay bullish when price pull backs down in three waves.

Hero MotoCorp Ltd (Heromotoco - NSE) - Bulls still strong

Hero MotoCorp Ltd (Heromotoco - NSE) As mentioned in previous updates that price is within 3^rd wave of C up and gone up exactly as expected. It is within 3^rd internal of 5^th subwave up of 3^rd wave, which is about to end in 10 min time frame, stay bullish in pull back for one more high to end the 3^rd wave. Thereafter big down cycle of 4^th wave will occur, which will be an opportunity to buy for final 5^th wave of C cycle.

Hindalco Industries Ltd (Hindalco - NSE) - Choppy price action

Hindalco Industries Ltd (Hindalco - NSE) has completed ABC wave zigzag pattern from last bottom in 3 hr time frame. It then started WXY correction, where Y down cycle is in progress. Y is subdividing in abc correction and c down is under progress after b wave ended in triangle, stay bearish with invalidation level of 149.40 as stops for target zone of 136-34.

ICICI Bank Ltd (Icicibank - NSE) - Choppy before bulls coming

ICICI Bank Ltd (Icicibank - NSE) is within ABC correction, where B wave is within WXY complex correction and Y is in progress as c wave down. It must hold invalidation level of 370.80 to retain the count valid. The target zone of B wave will be 325-20, so stay bearish until it reached. Thereafter C wave up will start moving up.

Indian Oil Corporation Ltd (IOC - NSE) - choppy price action

Indian Oil Corporation Ltd (IOC - NSE) is within ABC zigzag move up, where B wave is in progress as WXY complex correction and Y final wave is on the way to end B wave. Wait for b wave within Y to complete for c down, which is flat correction. Wait for confirmation of b to end then stay bearish for target zone to 80-82 with stops above 91 level.

IndusInd Bank Ltd (Indusindbk - NSE) - Choppy price action

IndusInd Bank Ltd (Indusindbk - NSE) is in WXY corrective sequence where Y wave is under progress downside. Y is made up of ABC correction and C is moving down where it is about to end its 1^st wave thereafter 2^nd wave will start going up, which will be good entry to sell it with stops above 507.90 as invalidation level for bearish trade. It is within choppy price action and under-performer to Nifty index.

ITC Ltd (ITC - NSE) - choppy bearish price action

ITC Ltd (ITC - NSE) has complex ABC zigzag up move, thereafter it is correcting within WXY correction, where Y wave is in progress. Wave b of Y wave down is about to end soon, but wait for clear impulse down 1^st wave as confirmation of c wave and its pull back as 2^nd wave to get in to trade with stops above 209 level as invalidation of c wave for target zone of 180-175.

Larsen & Toubro Ltd (LT - NSE) - choppy price action

Larsen & Toubro Ltd (LT - NSE) is now within wxy complex corrective cycle, wait for clear confirmation of x wave formation to end for bearish trade set up.

Mahindra & Mahindra Ltd (M&M - NSE) - Bulls with tight grip

Mahindra & Mahindra Ltd (M&M - NSE) As mentioned in previous updates, for 5^th wave of impulse cycle, it is moving up. It completed 1^st subwave and correcting down in 2^nd subwave, which take little price down before going up in 3^rd subwave up in 5^th wave. The invalidation level for subwave is 495 level and target zone will be 595-600 level. Stay bullish in pull back and keey eye in 10 min time frame.

Nestle India Ltd (Nestleind - NSE) - Choppy to bearish price action

Nestle India Ltd (Nestleind - NSE) is in complex correction WXY after impulse wave over in 2 hr time frame. In 30 min time frame, it is in ABC zigzag down move of Y wave, where B wave has been ended and C wave down is in progress. 3^rd wave down is in progress, so stay bearish with stops above 17300 as invalidation level for target zone of 15600.

Reliance Industries Ltd (Reliance - NSE) - Bulls in complete control

Reliance Industries Ltd (Reliance - NSE) is in impulse wave up, where 3^rd wave is under progress. It completed 1^st and 2^nd subwave of 3^rd wave up. Now its going up in 3^rd subwave, so stay bullish with stops below 1695 for target above 2000. It is the most out-performing member of Nifty index.

For Historical analyses of Nifty50 index and stocks click here.

EW Counts - France stocks

2020-07-01T17:55:00.000+01:00

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7/3/2020

CAC40 (FCHI - France) - choppy to bearish - what’s next?

CAC40 (FCHI - France) has completed B wave in complex correction as wxy within ABC zigzag down cycle in 1 hr time frame. The C wave down has just begun, but wait for 2^nd wave pull back to get in to trade with invalidation level of 5074. The target zone will be 4550 level. In weekly time frame It has completed (A)(B)(C) flat wave from high made in 2018. The high made in 2020 was irregular (B) wave. It is moving within corrective cycles, which is little hard to predict with ease.

CAC Large 60 (CACLG - France) - choppy to bearish - what’s next?

CAC Large 60 (CACLG - France) has completed B wave in complex correction in wxy as the part of ABC zigzag down cycle in 1 hr time frame. The C wave down has just begun, but wait for 2^nd wave pull back to get in to trade with invalidation level of 5596. The target zone will be 5012 level. In weekly time frame, it is more clearer than CAC40 index, as it was in impulse from 2009 low and in 2018 it has completed that impulse. After that it made ABC flat irregular correction, which ended recently. Then new up cycle started, which seems corrective as of now.

CAC Small (CACS - France) - choppy to bearish - what’s next?

CAC Small (CACS - France) is in 2^nd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. The 1^st wave was leading diagonal structure and 2^nd wave is moving up in abc correction, which will take little time to complete. Thereafter 3^rd wave will start dropping down towards the target of C wave. It is also under-performer to CAC40 index in 1 hr chart since last swing high. In weekly time frame again it resembles CAC Mid 60 index as it completed impulse in 2018, but after that in 2020 it just given flat B wave, which was most under-performer at that time and shown market weakness in terms of small cap stocks.

Safran SA (SAF - France) - Bears waiting for opportunity to take over

Safran SA (SAF - France) is in ABC correction down in 60 min time frame (or impulse wave (C) wave down in 4 hr time frame). It has completed 1^st wave of C down in leading diagonal structure and correcting in 2^nd wave up in abc wave and b is in progress, so wait for its completion with invalidation level of 98.10. Thereafter 3^rd wave of C wave start falling down. In weekly time frame, it is in abc correction downside from all time high. Let’s see how chart unfolds next.

AXA SA (AXA - France) - Bulls or Bears- who will take over ?

AXA SA (AXA - France) has completed B wave in complex correction as wxy. It just started C wave down, which must confirmed before getting in to trade, so wait for impulse wave down in 5 min time frame and then pull back with invalidation level to get in. In weekly time frame, it is very choppy and moving within a range.

Essilor Luxottica SA (ESLX - France) - choppy or trendy - what's next big move ?

Essilor Luxottica SA (ESLX - France) is in ABC correction, where B wave is within complex correction as wxy and under progress of c of y subwave of B wave as final wave, which will end soon, but wait for impulse down as confirmation of wave B ended and C down start to get in to trade. In weekly time frame, it has completed impulse wave up from 1992 bottom and now within correction wxy, which will take a while to complete. So it is expected to be choppy for some weeks.

Accor SA (ACC - France) - choppy or trendy - what's next ?

Accor SA (ACC - France) has completed B wave down in ABC wave correction pattern, where C wave is started moving up. Wave 1^st of C already over and 2^nd wave correction is on the way, so wait for it’s completion to get in to trade. But keep eye on invalidation level of 22.59 as stops, which is the low of wave 1 to invalidate the C wave In 4 hr chart it completed C wave downside and now its correction as new cycle is under progress. In weekly time frame, it is on complex correction and will extend it once it the upper new cycle will over as shown in chart.

Hermes International SCA (HRMS - France) - Bulls are taking control

Hermes International SCA (HRMS - France) is in 5^th wave up in 2 hr time frame from last swing major low. It is in 2^nd subwave of 5^th wave up, which may go down more for correct the 1^st subwave, but invalidation level of 731.30 must hold to validate the count. Alternate ABC 4^th wave correction is possible, which confirmed when 731.30 level broke and price go down, but that 4^th wave correction will not go below 698, otherwise the impulse pattern is invalidate. So trade according to invalidation level. It is in 5^th wave in weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 index.

Credit Agricole SA (CAGR - France) - Bears waiting to take over

Credit Agricole SA (CAGR - France) is in ABC zigzag down move in daily time frame, which is in C wave after B wave over as double zigzag move. In 1 hr time frame, It is in 2^nd wave abc correction, where c wave is under progress. Wait for one more swing high in 10 min time frame to complete the c wave up of 2^nd wave. The invalidation level 9.53 must hold to confirm the bigger 3^rd wave of C down. In weekly time frame, it is choppy and under performing the CAC40 index, so as good candidate to short sell.

BNP Paribas SA (BNPP - France) - Bears waiting to take over

BNP Paribas SA (BNPP - France) is in 2^nd wave correction as wxy correction of down impulse cycle of C wave. Wait for 5^th wave completion of c wave up of y wave in 2^nd wave correction. . Keep eye on invalidation level of 40.66 as Impulse wave invalidation level. In 4 hr time frame, it is in ABC zigzag down move, where C wave down is in progress, which must be in impulse move down. In weekly time frame, it is choppy, so hard to predict major move for either the direction.

Capgemini SE (CAP - France) - Bears in control before big bulls coming.

Capgemini SE (CAP - France) has completed 1^st wave of (C) up within (A)(B)(C) zigzag up move (or the part of impulse wave) in 2 hr time frame. In 30 min time frame, it is within 2^nd wave correction of (C) up, which take c wave down to complete, thereafter quick 3^rd wave start moving up and bulls will be in control as the 1^st wave was leading contracting diagonal structure. It can be good sell with stops above 102.70 for c wave down for 2^nd wave.

Engie SA (ENGIE - France) - Choppy or Bearish ?

Engie SA (ENGIE - France) is in 3^rd wave down of either C or 3^rd wave in 4 hr time frame. In 30 min time frame, it just completed 2^nd or b wave within abc or impulse wave down. But wait for confirmation of impulse wave down in 5 min time frame and its pull back to get in to trade with invalidation level of 11.52. In weekly time frame it is in huge downtrend, so that C wave can extend in full impulse.

Societe Generale SA (SOGN - France) - Choppy or Bearish ?

Societe Generale SA (SOGN - France) is in ABC correction in 1 hr time frame as similar to CAC index, where B wave is over within wxy complex correction. Wait for impulse down to confirm the C wave down in 5 min time frame and its pull back to get in to trade with stops above invalidation level 15.76. In weekly time frame it is in downtrend, which may extend further.

Michelin SCA (MICP - France) - Choppy or Bearish ?

Michelin SCA (MICP - France) is in ABC zigzag move down in 1 hr time frame. It has completed B wave in complex wxy correction, thereafter C wave started dropping down. Wave 1^st is about to over and 2^nd wave pullback is waiting due to correct it, which will good entry point for trade with stops above invalidation level 94.83. In weekly time frame, its within corrective mode.

Dassault Systemes SE (DAST - France) - choppy before Bulls take control

Dassault Systemes SE (DAST - France) is in 4^th wave wxy correction, where y wave is under progress. Which probably go down for more than about 6-8 % from current point to complete the 4^th wave cycle of major 3^rd or C wave up as indicated in 2 hour time frame chart. To sell invalidation level of 155.97 must hold as stops. Overall it strong, better wait for buy rather than small sell position here. In weekly time frame, it is in 5^th wave of C wave up.

Thales (TCFP - France) - Bears waiting for control

Thales (TCFP - France) is in WXY corrective cycle in downward direction, where X is under progress as complex correction wxy in 1 hr time frame. The c of y wave up in progress as final wave up, which will end the X wave. But wait for confirmation of impulse down cycle in 5 min time frame to get in to trade. In daily it is choppy price action.

Peugeot SA (PEUP - France) - Bears in control

Peugeot SA (PEUP - France) is in ABC zigzag down cycle, where C wave is in progress in 1 hr time frame. Wave 2^nd wave completed in complex wxy correction, thereafter 3^rd wave down started. Wait for clear impulse wave as 1^st subwave of 3^rd wave over and 2^nd subwave pull back will occur to get in to trade with stops above 15.10. In weekly time frame, it is in choppy, but under-performer to CAC index.

Renault SA (RENA - France) - Bears waiting to take over

Renault SA (RENA - France) is in ABC zigzag down cycle, where B wave as complex correction is under progress, wait for B to over with confirmation of impulse down move of C wave. In daily time frame it is in downtrend.

Schneider Electric SA (SCHN - France) - Bulls losing grip

Schneider Electric SA (SCHN - France) is in ABC zigzag move up, which is about to end with 5^th wave ending diagonal formation in C wave. Wait for last cycle to over in 15 min time frame, thereafter sharp down fall expected. Wait for confirmation.

Edenred SA (EDEN - France) - Choppy to down cycle

Edenred SA (EDEN - France) is in choppy corrective cycle. In 30 min time frame, it is in WXY correction, where X wave is under progress. The next big cycle is Y wave down, but wait for X wave to complete with some confirmation before jumping in to it.

7/2/2020

CAC40 (FCHI - France) - choppy to bearish - what’s next?

CAC40 (FCHI - France) is in 2^nd subwave of 3^rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2^nd subwave of 3^rd wave down, thereafter 3^rd of 3^rd wave will start moving down. In weekly time frame It has completed (A)(B)(C) flat wave from high made in 2018. The high made in 2020 was irregular (B) wave. It is moving within corrective cycles, which is little hard to predict with ease.

CAC Large 60 (CACLG - France) - choppy to bearish - what’s next?

CAC Large 60 (CACLG - France) is in 2^nd subwave of 3^rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2^nd subwave of 3^rd wave down, thereafter 3^rd of 3^rd wave will start moving down. In weekly time frame, it is more clearer than CAC40 index, as it was in impulse from 2009 low and in 2018 it has completed that impulse. After that it made ABC flat irregular correction, which ended recently. Then new up cycle started, which seems corrective as of now.

CAC Small (CACS - France) - choppy to bearish - what’s next?

CAC Small (CACS - France) is in 2^nd subwave of 3^rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2^nd subwave of 3^rd wave down, thereafter 3^rd of 3^rd wave will start moving down. It is also under-performer to CAC40 index in 1 hr chart since last swing high. In weekly time frame again it resembles CAC Mid 60 index as it completed impulse in 2018, but after that in 2020 it just given flat B wave, which was most under-performer at that time and shown market weakness in terms of small cap stocks.

Credit Agricole SA (CAGR - France) - Impulse wave pattern

Credit Agricole SA (CAGR - France) is in ABC zigzag down move in daily time frame, which is in C wave after B wave over as double zigzag move. It has just completed 2^nd subwave of C wave down and starts moving down in 3^rd subwave within 1 hr time frame. But wait for clear impulse down in 5 min time frame to confirm the move down. The invalidation level 8.57 must hold to confirm the 3^rd subwave down. In weekly time frame, it is choppy and under performing the CAC40 index, so as good candidate to short sell.

Safran SA (SAF - France) - ABC wave pattern

Safran SA (SAF - France) is in ABC correction down (or impulse wave (C) down), where it is in B wave complex correction as wxy. The y wave up will complete the B (or 2^nd) wave, but will take some time. In weekly time frame, it is in abc correction downside from all time high. Let’s see how chart unfolds next.

AXA SA (AXA - France) - ABC wave pattern

AXA SA (AXA - France) is in ABC correction from last swing high in 2 hr time frame. The C wave down is in progress, where it is in 3^rd wave. 2^nd subwave of 3^rd wave down is about to end and thereafter 3^rd subwave will start to fall. In weekly time frame, it is very choppy and moving within a range.

Essilor Luxottica SA (ESLX - France) - ABC wave pattern

Essilor Luxottica SA (ESLX - France) is in ABC correction, where B wave is within correction as either triangle or it may be over, but wait for confirmation to get in to trade. Below 113 level as wave d internal of triangle, it is confirmed that B wave is over, so can be traded for C wave down. In weekly time frame, it has completed impulse wave up from 1992 bottom and now within correction wxy, which will take a while to complete. So it is expected to be choppy for some weeks.

Hermes International SCA (HRMS - France) - Impulse wave pattern

Hermes International SCA (HRMS - France) is about to end 4^th subwave of 3^rd wave up within impulse wave up in 4 hr time frame, which is forming triangle, so above the level 748.50 it confirms the break out of triangle and 5^th subwave started to end the 3^rd wave up with invalidation level of 719.40. The invalidation level of 697 will confirm the move was not impulse if price drops below that level. It is in 5^th wave in weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 index.

BNP Paribas SA (BNPP - France) - Impulse wave pattern

BNP Paribas SA (BNPP - France) is in ABC or impulse wave down sequence in 30 min time frame. It has already completed A & B wave and now moving down in C wave, where 2^nd wave was over and moving down in 3^rd wave down. Keep eye on invalidation levelof 36.95 as C wave invalidation level. In 4 hr time frame, it is in ABC zigzag down move, where C wave down is in progress, which must be in impulse move down. In weekly time frame, it is choppy, so hard to predict major move for either the direction.

Capgemini SE (CAP - France) - Impulse wave pattern

Capgemini SE (CAP - France) has completed 1^st wave of (C) up within (A)(B)(C) zigzag up move (or the part of impulse wave) in 2 hr time frame. It is now within 2^nd wave correction of (C) up, which take c wave down to complete, thereafter quick 3^rd wave start moving up and bulls will be in control as the 1^st wave was leading contracting diagonal structure. In weekly time frame this up movement can be (C) wave, which is impulse in nature, means in 2 hr time frame, it can be impulse from bottom instead of ABC. But chart will reveal it later as progresses.

For Historical analyses of CAC40 index and stocks click here.

EW Counts - Italy stocks

2020-06-27T06:12:00.003+01:00

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6/27/2020

IT40 Index (FTSE MIB - Italy) - Updated EW count

IT40 Index (FTSE MIB - Italy) has completed B wave within ABC zigzag down cycle, which is zigzag with smaller c subwave, which resulted in sharp drop. It is within C wave down, where 3^rd subwave of C is in progress. Price must stay below 19548 level to validate the count. In weekly time frame, it is choppy after ABC correction ends at last low and new cycle WXY correcting now, where X wave down is under progress. IT40 is weaker index within European market as well as global indices.

FTITSC (FTSE Italia Small Cap - Italy) - Updated EW count

FTITSC (FTSE Italia Small Cap) is within C wave down from last top and 3^rd wave down is in progress. The B wave was triangle, which resulted in sharp drop for C wave. In weekly time frame, it has completed downside WXY cycle, thereafter correcting within new wxy cycle upside, which remain choppy. It just started little under-performance than IT40 in last drop in 30 min time frame.

FTITMC (FTSE Italia Mid Cap - Italy) - Updated EW count

FTITMC (FTSE Italia Mid Cap) is within C wave down from last top and 3^rd wave down is in progress. The B wave is zigzag abc, where c wave is within running correction, which resulted in sharp drop for C wave. In weekly time frame, it has completed downside ABC cycle downside, thereafter correcting within new wxy cycle upside, which remain choppy.

DiaSorin SpA ( DIAS - Italy) - Updated EW count

DiaSorin SpA ( DIAS - Italy) has completed impulse cycle within 2 hr time frame. In 30 min time frame, it is now correcting the impulse cycle in WXY correction, where wave W was zigzag abc and X wave was complex wxy correction. Y wave down has just started dropping down in ABC correction, where wave 3^rd will start from Monday. It must hold the invalidation level to retain the count valid. In weekly time frame it is in 5^th wave, which might over or may extend further. If price falls below 96.80, then it is clear that 5^th wave is over, within weekly time frame.

Ferrari NV (RACE - Italy) - ABC wave pattern

Ferrari NV (RACE - Italy) is within ABC wave pattern in 30 min time frame. It is within 3^rd wave down, after completing 1^st and 2^nd wave of C wave. The A wave was diagonal down after B wave dip correction. In weekly time frame, it has completed impulse wave up and now correcting down in WXY correction, where Y wave is under progress until price remains below 157.85 level.

Exor NV (EXOR - Italy) - Updated EW count
Exor NV (EXOR - Italy) has completed 2^nd wave of (C) down in (A)(B)(C) wave zigzag down move in 4 hr time frame. In 30 min time frame, it is within 3^rd subwave of 3^rd wave down, which must remain below 50.54 level to validate the count. In 4 hr time frame, it dropped in impulse (A) wave and corrected in (B) wave as ABC zigzag move up. In weekly time frame, it has completed 5 wave up and now correcting down in ABC down sequence.

Recordati (RECI - Italy) - Updated EW count

Recordati (RECI - Italy) is within ending diagonal structure in 4 hr time frame and about to end soon, when finished c of 5^th wave up. It is very hard to say that c of 5^th wave is due for completion. Below 4^th wave low 39 level, it will be in major reversal mode. So wait for confirmation to the pattern. In weekly time frame, It is in 5^th of C wave up. Will see how it unfolds next.

Banca Generali (BGN - Italy) - Updated EW count

Banca Generali (BGN - Italy) is within (C) wave major down in 4 hr time frame, but wait for confirmation. It has completed (B) wave as WXY pattern as double zigzag correction, which was over at last minor swing high. It starts dropping down, but impulse not confirmed. In weekly time frame, It is within correction ABC for Y down and moving in choppy range since last five years.

Azimut Holding SpA (AZMT - Italy) - ABC wave pattern

Azimut Holding SpA (AZMT - Italy) is within ABC zigzag wave pattern in 30 min time frame from last swing high. The A wave was impulse drop followed by B wave as triangle, resulting in sharp decline for C wave. It is in 3^rd subwave of C down until price retains below 15.44 level. The equal sized target for C wave will be 12.65 level. In weekly time frame its quite choppy and within corrective cycle, which no need to even count.

FinecoBank SpA, Banca Fineco (FBK - Italy) - Updated EW count

FinecoBank SpA (FBK - Italy) has completed 3^rd wave (or C) up and now correcting down in 4^th wave, which is complex WXY correction. In weekly time frame, it is in C wave up as primary count, but alternate count suggest the Y of WXY correction of (B) wave down. Next price movement is crucial for next big move either up or down. Keep eye on price chart to bet on the side.

Poste Italiane SpA (PST - Italy) - Impulse wave down

Poste Italiane SpA (PST - Italy) is within 3^rd wave down of C wave as in ABC zigzag move down in 4 hr time frame. In 30 min time frame, it is in 2^nd subwave of 3^rd wave down, but wait for confirmation to over it and keep eye on invalidation level of 8.66, because if price crosses above this then impulse count invalidates. In weekly time frame, It completed ABC wave and now correcting down in abc move. C wave was ending diagonal in weekly.

Unicredit SpA (CRDI - Italy) - ABC wave pattern

Unicredit SpA (CRDI - Italy) is ABC zigzag down, where it is in 3^rd wave of C down. It must remain below 8.18 level to stay count alive. In weekly time frame, it was in ending diagonal structure, which might be over, or get extended.

Digital Bros (DIB - Italy) - Updated EW count

Digital Bros (DIB - Italy) is within corrective structure in 15 min time frame after completing impulse wave over in 2 hr time frame as truncated 5^th wave. In weekly time frame it in 5^th wave impulse wave up having almost no divergence in indicator, which suggest for further extension. Will see how it unfolds next.

Brunello Cucinelli (BCU - Italy) - Updated EW count

Brunello Cucinelli (BCU - Italy) is within ABC zigzag down cycle of (Y) wave down in 4 hr time frame. It is about to complete 1^st subwave down of C wave, thereafter 2^nd subwave will rise up, which will given an opportunity to get in. In weekly time frame, it is within WXY correction after ABC ended at all time high.

ERG (ERG - Italy) - ABC wave pattern

ERG (ERG - Italy) is within 3^rd subwave of 3^rd wave. Here different counts are possible, so until price broke the level of 17.65 downside, it considered in uptrend. In weekly it may be within 5^th wave up or corrective. The price movement will reveal what count will be unfolding. Keep eye on invalidation level, which decides the big move up or down.

De Longhi SpA (DLG - Italy) - Impulse wave pattern

De Longhi SpA (DLG - Italy) is within 4^th subwave of 3^rd (or C wave) up, which is in its Y wave down. Thereafter it will rise for 5^th subwave o 3^rd (or C) wave. In weekly time frame, it is in C wave up.

For Historical analyses of Italy index and stocks click here.

EW counts - Australian Stocks

2020-06-22T14:42:00.000+01:00

Requesting viewers to like, subscribe & share the blog, if you like the EW analyses. You can post your views/suggestions by commenting below. Thanks - Wave Cyclist.

6/22/2020

Commonwealth Bank of Australia (CBA - XJO) - ABC wave pattern

Commonwealth Bank of Australia (CBA - XJO) is in corrective wave (B), which is subdividing in ABC. The C subwave of (B) is in progress and may take a day or two to complete. If it broke down the invalidation level, then the (C) down wave will confirmed. CBA has around 7.5 % holding value in XJO & from financial sector. So it can drag down the XJO too, which is even in the similar wave count in 30 min time frame. In weekly time frame It is in (Y) wave down, but that is very aggressive count. Despite the bigger count, in 60 min time frame, it is within corrective structure and under-performing XJO index.

Westpac Banking Corp (WBC - XJO) - ABC wave pattern

Westpac Banking Corp (WBC - XJO) is in ABC correction downside from last top indicated as in chart. It is possible to count it as WXY too, but XJO and other banking stocks are in impulse fall, that’s the reason to consider it as ABC correction. B is under progress, so wait for confirmation of B to over, then only get in to trade. In weekly time frame, it is hard to specify that next big move up or down. But it is in downtrend and under-performing the XJO. Until it starts out-performing, it is good sell when XJO has expected to be down. WBC has around 4.0 % holding value in XJO & from financial sector.

National Australia Bank Ltd (NAB - XJO) - WXY wave pattern

National Australia Bank Ltd (NAB - XJO) is in (X) wave correction of (W)(X)(Y) correction pattern moving downside. Subwave Y of (X) wave as in ABC correction is under progress as indicated in chart. So after one more high (X) will probably gets over and (Y) wave will start falling downside. Wait for price to reverse with impulse in smaller time frame say 3 min. NAB has around 3.3 % holding value in XJO & from financial sector.

ANZ Banking Group (ANZ - XJO) - WXY wave pattern

ANZ Banking Group (ANZ - XJO) is in (X) wave within (W)(X)(Y) complex correction pattern moving downside. Subwave Y of (X) wave as ABC correction is under progress, which will end with new high. So after one more high (X) will probably gets over and (Y) wave will start falling downside. ANZ has around 3.3 % holding value in XJO & from financial sector. In weekly time frame, it seems ABC zigzag correction over after impulse wave over. But different alternate count is possible so hard to say about exact direction.

Macquarie Group Ltd (MQG - XJO) - WXY wave pattern

Macquarie Group Ltd (MQG - XJO) is within (X) wave and out-performing the XJO index. It is within B wave of (X) wave up, thereafter wave C will go upward to end (X) wave. Wait for impulse down to confirm the (Y) wave until get in to trade. MQG has around 3.2 % holding value in XJO & from financial sector. Other stocks are better than this one for short trade, as it is the most out-performing one. In weekly time frame, it is having two wave counts, which is not giving very clear direction for swing trade.

CSL Ltd (CSL - XJO) - complex wave pattern

CSL Ltd (CSL - XJO) is in choppy movement within 60 min time frame. It is the strongest stock of XJO having around 9.0 % holding value in XJO & from Healthcare sector. In monthly time frame, it is in 4^th subwave of 5^th wave up, which may be within triangle or complex correction. In 2 hr time frame, this is very complex. So wait until have valid good count.

Wesfarmers Ltd (WES - XJO) - WXY wave pattern

Wesfarmers Ltd (WES - XJO) has completed ABC zigzag wave pattern from bottom. It is correcting in WXY in 30 min time frame. C of X up wave is in progress and probably make new high. Thereafter Y wave will start moving down. WES has around 2.6 % holding value in XJO & from Consumer discretionary sector. In weekly time frame, at last stop it completed (Y) wave with C within expanding diagonal. Now correcting down in ABC flat like correction.

Cryptocurrency

2020-06-04T06:38:00.002+01:00

7/31/2020

Bitcoin (BTCUSD)

Ethereum (ETHUSD)

Chainlink (LINKUSD) -

Litecoin (LTCUSD)

7/30/2020

Bitcoin (BTCUSD)

Ethereum (ETHUSD)

Chainlink (LINKUSD)

Litecoin (LTCUSD)

7/29/2020

Bitcoin (BTCUSD) -

Ethereum (ETHUSD) -

Chainlink (LINKUSD) -

Litecoin (LTCUSD) -

7/28/2020

Bitcoin (BTCUSD) - Bulls in complete control

Bitcoin (BTCUSD) - It is in 5^th of 5^th of 5^th of 3^rd wave up, means the 3^rd wave is extending the momentum and subdividing the move, so stay bullish if price drop to 108650-735 level for new high above 11600 or higher. The momentum is increasing, which indicates the strong 3^rd. Stay bullish in every three wave pull back.

Ethereum (ETHUSD) - Bulls are boss :) but little choppy

Ethereum (ETHUSD) is in 4^th wave correction, so wait for dip up to 311-303 to get in again. It is under-performer to BTC, so BTC is good option to buy it now rather than ETH.

Litecoin (LTCUSD) - bullish price action

Litecoin (LTCUSD) is in 5^th of 3^rd wave up. Stay bullish unless price broken down the level of 52.60, so below that level 4^th wave correction will probably start and take more time to settle. Above 52.62, stay bullish for higher high as momentum is huge with tremendous volume.

LINKUSD

7/27/2020

Bitcoin (BTCUSD) - Bullish but little choppy

Bitcoin (BTCUSD) - It has completed 3^rd subwave of 3^rd wave in the sequence and Y of 4^th subwave down is in progress, which probably finishes around 9800-9700, so stay bullish again in that zone for final push up of 3^rd wave up.

Ethereum (ETHUSD) - Bulls are boss :) but will go little choppy

Ethereum (ETHUSD) has about to complete 3^rd wave up as extended wave. The repeated divergence indicates the wave is about to end. So wait for pull back up to range of 312-297 range for next rally point.

Litecoin (LTC/USD) - bullish price action

Litecoin (LTC/USD) is 4^th subwave correction of 3^rd wave up. It is in Y wave down of 4^th subwave correction, so stay bullish around at 47-46 zone for next buying zone for price resume up trend.

LINK/USD

7/24/2020

Bitcoin (BTCUSD) - Bulls taken control back

Bitcoin is in 4^th subwave of impulse sequence, which probably been flat or complex as 2^nd subwave was sharp abc correction, so wait for it finish to get in to buy trade. Around 9510-9440 will be good area to buy again for more upside.

Ethereum (ETHUSD) - Bulls taken control back

Ethereum (ETHUSD) is in 5^th of 3^rd of 3^rd wave up and will make new high to finish it. Thereafter 4^th of 3^rd wave will go down to correction. It is now in up trend so buy every three wave pull back.

LINKUSD

7/23/2020

Bitcoin (BTCUSD) - Bulls taken control back

Bitcoin (BTCUSD) - Finally price has revealed the right wave count as triangle (B) has finished and (C) wave up resumed the up trend for target of 14500-15500 zone. It is in 5^th of 3^rd of 3^rd wave up which is one more high away to end. So any three wave pull back will be now good buying option to get in to trend.

Ethereum (ETHUSD) - Bulls back in full control

Ethereum (ETHUSD) has completed triangle as correction and price is ready to resume the more upside. It is in 3^rd of 3^rd wave up, which will end with new high, so stay bullish in three wave pull back for 5^th of 3^rd wave up.

7/22/2020

Bitcoin (BTCUSD) - Bullish or Bearish - what’s the big move ahead ?

Bitcoin (BTCUSD) - The price looks broken the triangle, but it doesn't confirm by breaking out the level of 9498. The volume was not too high. So its not a buy trade yet confirmed. Talking about wave count, then both bullish and bearish set up are still alive. the red mark shows price completed (X) wave as triangle and now can go down in (Y) towards 8600. But if price broken out 9498 level (in Bitfinex chart - because different BTC chart has slight different price, like in Coinbase and bitstamp data its around 9475) - In short - no clear direction so as no trade zone

7/20/2020

Bitcoin (BTCUSD) - Bullish or Bearish - what’s the big move ahead ?

Bitcoin (BTCUSD) is in complex correction, which has two alternate EW counts. One count (red one) suggest it to go down after B wave as wxy correction when ended as C wave down of Y of (Y) wave, which is the main count in prior updates. Second EW count (yellow one) suggest the triangle in progress and looks over, so next big move is up as (C) wave in 4 hr time frame as (A)(B)(C) zigzag move.

So what’s next ? that’s the question for trading.

The answer is, until price remains between 9025 - 9498 - no trade zone (both counts valid).

If price go above 9498 then triangle option is in play and (C) wave up in progress, so stay long with stops below 9112 for the target of 14500-15500 level.

If price go down below 9025 th en stay short for target of 8500-8600 zone with stops above 9350 (or respective swing high).

7/17/2020

Bitcoin (BTCUSD) - Bears in driving seat

Bitcoin (BTCUSD) is in 5^th internal wave of 3^rd subwave of 3^rd wave down, so stay bearish with stops above 9176 for target below 8960.

Ethereum (ETHUSD) - Bears in driving seat

Ethereum (ETHUSD) is in 5^th internal wave of 3^rd subwave of 3^rd wave down, so stay bearish with stops above 234.55 for target below 221.

Litecoin (LTC/USD) - Bears in driving seat

Litecoin (LTC/USD) is in 5^th internal wave of 3^rd subwave of 3^rd wave down, so stay bearish with stops above 42.22 for target below 41.

7/16/2020

Bitcoin (BTCUSD) - Bears taking control slowly

Bitcoin (BTCUSD) is in 2^nd wave as complex correction wxy, where y up is in progress, which will end at the high of w wave, so stay bearish at that level around 9250-9310 with stops above 9355 for down side big movement.

Ethereum (ETHUSD) - Bears taking control slowly

Ethereum (ETHUSD) is in either 2^nd correction as wxy or it may possible of 1-2 1-2 type 3^rd wave progress, which is hard to identify at this early stage, so sell at 241-42.50 level if price bounce, or say bearish at new low below 237 level for 3^rd wave down movement.

Litecoin (LTC/USD) - - Bears taking control slowly

Litecoin (LTC/USD) is in 2^nd wave correction as abc, where c wave up is in progress, so stay bearish when it over for 3^rd wave down of C wave.

7/15/2020

Bitcoin (BTCUSD) - Bears taking control slowly

Bitcoin (BTCUSD) is in 2^nd wave of C wave down, which is about to end soon, so stay bearish with stops above 9355 for down side big movement.

Ethereum (ETHUSD) - Bears taking control slowly

Ethereum (ETHUSD) is in 2^nd wave zone where it can be sold for 3^rd wave down of C wave with stops above 245.50. The big down movement is under progress.

7/14/2020

Bitcoin (BTCUSD) - Bears taking control slowly

Bitcoin (BTCUSD) as mentioned in previous updates about B wave as wxy correction, which was over exactly at 9350 zone and gone down as expected. But it’s not confirmed the impulse yet, so wait for it confirm the move. If it confirm the impulse then only sell in pull back in range of 9250-9310, with stops above 9355 level.

Ethereum (ETHUSD) - Bears taking control slowly

Ethereum (ETHUSD) as mentioned in previous updates about B wave, which was turned abc flat rather than wxy, but ended in mentioned zone. C wave is now in the progress, but wait for its to confirm the 1^st wave as impulse down then only sell on pull back at around 241-43 zone, with stops above 245.45 for C wave down.

7/13/2020

Bitcoin (BTCUSD) - Choppy to bearish trade set up

Bitcoin (BTCUSD) as mentioned in previous updates about B wave as wxy correction is under progress, where w and x is over and y as abc wave is on the way to completion. Wait for b and c to over at about 9330-9380 range. Watch it closely in 3 min time frame to track the end of wave c in five wave, which will end y wave of B. Thereafter C wave down will start towards 8600 level, so wait for impulse drop in 3 min time frame to have confirmation with smaller stops to get in. The next major direction is down. So stay bearish.

Trade set up sell near 9350 level stop loss above 9475 target zone will 8600.

Ethereum (ETHUSD) - Choppy or trendy - what’s next ?

Ethereum (ETHUSD) is in B wave correction as complex correction mentioned in earlier updates, where w & x ended and y is in progress as abc. Wave a of y is in progress and need one more minor wave up to complete a wave, thereafter b and c will need to end before start of bigger C wave down. C wave will probably ends in the zone of 213-08. Keep eye on 3 min chart to track the end of B wave to get in to. Stay bearish with stops above 249.10 or B wave high if you waited for impulse down as confirmation after start of C wave.

7/11/2020

Bitcoin (BTCUSD) - Choppy to bearish trade set up

Bitcoin (BTCUSD) As mentioned in previous updates about to wave counts, it is progressing within ABC zigzag (shown by red lines ) type correction for Y wave down within bigger (Y) wave of complex correction. In 30 min time frame, the last fall was impulse as wave A was over. It is correcting in wave B, which looks abc zigzag and c is on its way to completion. It is wave 4 internal of c wave up, which must hold above 9259 and make a new minor high as indicated in chart labeling to complete wave c. But if it broken down 9259 level, without completing count, then it must be complex correction within wave B as initial flat (shown by yellow lines) wave B or wxy and take more time to complete and will fall next week then. The zone of 9300-9360 will be probable end zone of wave B. Stay bearish within this zone with stops above invalidation level of 9475.

Trade set up sell near 9350 level stop loss above 9475 target zone will 8600.

7/10/2020

Bitcoin (BTCUSD - Bitfinex) - Choppy or bearish - what’s next ?

Bitcoin (BTCUSD - Bitfinex) As mentioned in previous updates about to wave counts, it turn out to be bearish set up as price broken down below 9208 level. Now it is in Y of (Y) down was as ABC correction. But A wave is 3 wave so it may be flat correction or if turns out to be five wave by making one more low after small correction up of 4^th one, then it could be ABC zigzag correction. So wait for A wave to confirm the set up as flat or zigzag, then only enter the trade when B wave will be over with stops above 9498 level.

Ethereum (ETHUSD - Bitfinex) - Choppy or trendy - what’s next ?

Ethereum (ETHUSD - Bitfinex) is within choppy range and didn’t breakout any level up or down to confirm the major trend direction. So wait for it to confirm the direction. If it makes a five wave down as wave A, then it is very easy setup for trade within B wave correction for C down. But wait for it to confirm the direction. Based on BTC, it looks major direction down to complete the correction.

7/9/2020

Bitcoin (BTCUSD - Bitfinex) - Choppy or trendy - what’s next ?

Bitcoin (BTCUSD - Bitfinex) it is within the complex wave structure of X wave of (Y) down, which was unfolding in wxy in double zigzag correction and finally over unless the c of y of X not further extends, which will confirmed only when price broke the level below 9208 as the start of wave c. So wait for impulse move down to broke that level as a token of confirmation then enter in sell trade with three wave pull back with appropriate stop loss. Until this no trade zone. The huge volume may drive the price sharply down. But let’s see how it unfolds. Another possibility within triangle was triple zigzag as WXYXZ was over on 27 June and now price goes up in next wave C impulse, which is in its early stage of 3^rd wave up. So if price crosses yesterday’s high taking support of down trending trendline and gone up over 9702, then it confirms the 3^rd of C wave up in 4 hr time frame. So price rang between 9208-9702 its considered choppy with no clear sign of direction, above 9702 - the huge C wave up targeting towards 14000-15000 level up and down below 9208 it will go down to 8600 -8500 level.

Ethereum (ETHUSD - Bitfinex) - Choppy or trendy - what’s next ?

Ethereum (ETHUSD - Bitfinex) is in X wave of WXY as mentioned previously and alternatively it can be the part of up trending (C) wave in 4 hr time frame, which is huge up trend. It is out-performing than BTC. So wait for clear count to unfold. Until than no trade zone.

7/8/2020

Bitcoin (BTCUSD - Bitfinex) - who will drive the trend - Bulls or bears ?

Bitcoin (BTCUSD - Bitfinex) is within A wave down of ABC zigzag correction of Y wave down. It is about to end 2^nd wave abc correction with one more swing high in 3 min time frame, which is best risk reward entry if the pattern unfold as expected with stops above invalidation level of 9390 level. Wait for c of 2^nd to complete and an impulse fall to confirm the thesis and then get in to it in small pull back in 3 min time frame. Stay bearish below 9390 level.

Ethereum (ETHUSD - Bitfinex) - who will drive the trend - Bulls or bears ?

Ethereum (ETHUSD - Bitfinex) is within A wave down of ABC zigzag correction of Y wave down. It has ended 2^nd wave as wxy complex correction in 3 min time frame, so stay bearish here,which is best risk reward entry if the pattern unfold as expected with stops above invalidation level of 244.10 level. Wait for an impulse fall to confirm the thesis in 3 min time frame then get in to it with small pull back. Stay bearish below 244.10 level.

7/7/2020

Bitcoin (BTCUSD - Bitfinex) - who will drive the trend - Bulls or bears ?

Bitcoin (BTCUSD - Bitfinex) After yesterday’s EW count invalidation, today I come up with updates, where it is in (Y) wave down,where W and X down is already completed. The price rally seen yesterday was the C wave of X as ABC zigzag move, where B was complex correction. The Y wave down is just started, but wait for confirmation as impulse wave down in 5 min time frame and its pull back to get in to trade with stops above 9390 as invalidation level. That level was rejected by down trend line connected with two previous major swing highs.

Ethereum (ETHUSD - Bitfinex) - who will drive the trend - Bulls or bears ?

Ethereum (ETHUSD - Bitfinex) It has similar type of correction like BTC. In 4 hr time frame it is in (W)(X)(Y) correction, where (Y) wave is under progress in further WXY correction. In (Y) wave, W & X wave both over. X wave in 1 hr time frame, just ended with sharp rise of C wave as ABC correction, where A wave was diagonal, B was complex correction & C was impulse sharp wave up. Y wave within (Y) down wave just started moving down, but wait for confirmation as impulse wave down in 5 min time frame and its pull back to get in to trade with stops above 244.10 as invalidation level.

7/6/2020

Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?

Bitcoin (BTCUSD - Bitfinex) it is about to end 2^nd wave of C down of Y wave of (Y) major cycle in complex correction. It must hold 9204 level to retain the count as C wave impulse cycle down. So it is good sell with that stops for target of 8600 as mentioned in earlier updates.

Ethereum (ETHUSD - Bitfinex) - Bears in control now or remain choppy ?

Ethereum (ETHUSD - Bitfinex) it is about to end 2^nd wave of C down of Y wave of (Y) major cycle in complex correction. It must hold 231 level to retain the count as C wave impulse cycle down. So it is good sell with that stops for target of 207-10 as mentioned in earlier updates.

7/3/2020

Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?

Bitcoin (BTCUSD - Bitfinex) - As mentioned in previous updates, it is moving down to complete (Y) wave, which is within Y wave as ABC. Wave A is impulse and falling down in 5^th wave of A. Thereafter wave B will go up to correct it, which might complex correction. The invalidation level of impulse A wave is 9228, so keep eye on it.

Ethereum (ETHUSD - Bitfinex) - Bears in control now or remain choppy ?

Ethereum (ETHUSD - Bitfinex) As mentioned in previous updates, it exactly falling down in (Y) wave in Y subwave, which further subdividing in ABC zigzag move. Wave A will be impulse and it is in progress just like BTC. The count is here little tricky, so I put alternate count, in both count, the major direction remains down, so wait for B wave to complete to further get in to trade. The invalidation level of 233.25 will be considered stops for C wave down trade with target zone 210-05.

7/2/2020

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) It has completed X wave within WXY of (Y) wave down sequence at level of 233, which mentioned in yesterday update. Now it just started Y down in ABC zigzag. Wave 2^nd is over and 3^rd wave starts moving down. The target zone for Y wave will be around 210-05 level. It is in good risk reward ratio to get in, but keep eye of invalidation level as 233.25 as stops.

Bitcoin (BTCUSD - Bitfinex) - Bears in control now or remain choppy ?

Bitcoin (BTCUSD - Bitfinex) has complex X wave within WXY complex correction in (Y) wave sequence. The Y wave down is started moving down in ABC zigzag. The invalidation level of 9299 must hold to retain the EW count valid, so as a good risk reward ratio for sell trade. The target for Y wave will be 8600 to 8580 level expected to complete the whole bearish corrective sequence after impulse in 4 hr time frame.

7/1/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) is progressing within (X) wave as mentioned in earlier updates. It is subdividing in WXY correction and now the C wave of Y is moving up to complete the sequence. If pric fall below 9075, then (Y) down sequence confirmed to be started down. The probable target for (X) wave will be 9354 expected to reach, if the invalidation level holds. It may another probability of triangle too there, which will be vanished if price crosses above wave A high of Y wave above 9195 level.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is in (X) wave correction within WXY subwaves. It is in final Y subwave up, which further dividing in ABC and B is in progress, which is about to end and thereafter C will start moving up, which only confirmed above 227.05 level for target zone 232-34 level. Another alternate count is possible here, which is Y wave as triangle, so if pricfe broken down below 223.20, then it confirms the (X) wave over and (Y) continue for the target below 210 level.

6/30/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) is within X wave correction in WXY correction down. It is in (x) wave of (w)(x)(y) correction of X wave. Which is about to end, thereafter (y) wave up will go up to complete the pattern. Then only Y wave big fall start dropping which will go below 8500 level.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is within X wave as more complex correction as the part of WXY correction. It is in (w)(x)(y) correction, where (y) is within wxy double zigzag correction and x is under progress, thereafter one abc zigzag of y wave will rise to end the X wave. Only thereafter the big Y down correction starts which might test or go down below 200 level.

6/29/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed X wave of WXY down cycle of (Y) wave in complex correction after Impulse wave over in 4 hr time frame. Im 30 min time frame, it completed A & B wave of Y down and dropping down in C wave, which must stay below 9192 level to confirm the count as Y of (Y) down. Stay bearish below that level for target of 8665 level.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed X complex correction within wxy as double zigzag. It is now dropping down in Y wave of WXY cycle as (Y) wave in 4 hr time frame. It completed a and b wave of Y down and going for in c wave. It must stay down below 228 level to confirm the count as Y of (Y) down.

6/26/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) is moving within X wave up in ABC zigzag up, where B wave within complex correction wxy is in progress. It has completed W wave in wxy double zigzag correction as the part of WXY complex correction of (Y) wave down. It is within y wave of B correction of X wave up, which take down to 9180-9150 level to complete thereafter C wave up will start to complete the correction.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed W wave of (Y) major down cycle in ABC zigzag move. It is within X wave up and completed A impulse followed by B flat correction. It is in 2^nd wave of C wave up move, which is final of X wave and will be about to start 3^rd wave up if retains above 231. level, with target of 239-43 zone, where X wave about to end probably. Then only Y of (Y) will start down.

6/25/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has dropped in W wave as ABC down after (X) wave over as C - truncation. Now X wave up will go in ABC where C wave is under progress and will be impulse up, till must remain above 9252 as invalidation level, if it broke then it will count as B wave continue, which can go and test previous low of 9222 as flat ABC correction. Let’s see how charts moves.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has dropped in ABC sigzag as W wave down. Now correcting up in X wave as ABC, which can be flat or zigzag. This WXY cycle is the part of (Y) wave in 2 hr time frame, which is correcting up move.

6/24/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed ABC zigzag cycle, but 5^th wave of C was truncated, which confirmed with ETH case. It dropped in ABC zigzag as wave W and now correcting up in X wave. Wait for complete the X wave to get in to Y wave down.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex)has completed ABC sequence which mentioned in the previous updates 6 hrs ago. Now the drop is 5 wave sequence as wave A of down cycle. Wait for B wav to go up for ABC corrective cycle. C wave will be good trade entry. It is exactly touched the target of 248 as mentioned in previous updates.

Updates 7 Hrs ago.

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed 4^th wave and going up in the 5^th wave up. It is in the 3^rd wave up. The invalidation level must hold to retain the count. Another alternate count is 4^th wave is forming triangle, which also gonna hold the invalidation level and thrust will complete the 5^th wave up. In both cases, 5^th will about to make new high above 9800, as expected earlier.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed 4^th wave and going up in the 5^th wave up. Which is as per expectation mentioned in earlier updates. It is now under no trade zone until it over. The next count is (Y) wave down, but wait for impulse down to confirm the move as well as some invalidation level to define the stops.

6/23/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed 3^rd wave of (C) up and correcting in 4^th wave down in ABC zigzag correction or it may be complex or triangle correction, but possibly it would take around 8-10 hours for 4th wave correction from now. Thereafter going up for 5^th final wave to complete the (C) wave in equal sized target of 9850 level. Wait for confirmation to end the 4^th wave to get in to.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed 3^rd wave of (C) up and correcting in 4^th wave down in WXY complex correction or it may form a triangle , but possibly it would take around 8-10 hours for 4th wave correction from now. Thereafter going up for 5^th final wave to complete the (C) wave to the target zone of 247.7 level which is more than equal sized. Wait for confirmation to end the 4^th wave to get in to.

6/22/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.618 retracement of (A) wave. Now it is in wave (C) up, where it has completed 1^st and 2^nd wave. The 3^rd wave up is under progress and equal sized target for (C) wave is 9850 level, which is good target zone if entry taken in 3 min time frame in some good pull back level.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.618 retracement of (A) wave. (B) wave was really very choppy and time consuming. But now it started (C) wave up and completed its 1^st and 2^nd wave. 3^rd wave up is on the way to upward movement, which crossed the (B) wave channel and confirmed the uptrend. The equal leg size target of (C) wave is 243. Wait for 4^th wave correction to get in to for final move up.

6/19/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.5 of A times distance. Wait for confirmation in 2 min time frame as impulse move up of C wave starts, until no trade zone. C wave looks started moving up, but until have confirmed impulse move up, just wait.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed (B) wave in more complex correction in WXY and takes 0.5 of A times distance. Wait for confirmation in 2 min time frame as impulse move up of C wave starts, until no trade zone. C wave looks started moving up, but until have confirmed impulse move up, just wait. Both the charts resemblance to each other for this particular pattern.

6/18/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed B wave in complex WXY correction as expected earlier and now moving up in C wave. 1^st wave of C already completed and 2^nd wave is on the way to correct it, wait for more deeper correction to get in to for 3^rd wave swift movement for C wave. The equal sized target for C wave will be 9940 level. Will see how it moves next.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed B wave in complex WXY correction as expected and now moving up in C wave, which is around 246 level target zone to complete as equal sized with wave A. wave 1 already over and 2^nd wave is under progress, which probably go deeper more. Thereafter swift 3^rd wave will start moving up.

6/17/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed wave A impulse as mentioned in previous update and now correcting down in B wave in complex correction wxy and y wave is subdividing in abc, which probably ends within level 9360-9250. Thereafter wave C will start moving up.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed wave A impulse as mentioned in previous update and now correcting down in B wave in flat correction abc, where c down is in progress. Wave c may extend or will be further convert in wxy correction. Thereafter wave C will start moving up. Let’s see how it unfolds. BTC and ETH moves along for C wave.

6/16/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. It is about to over A five wave up move from last bottom with one more minor high in 3 min time frame, thereafter B wave correction will start moving down. The fall in B wave will be good entry for wave C wave. Keep eye on invalidation level to retain the count.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. Initially it looks ABC wave pattern, but wait to confirm the five wave A wave, then B correction to buy for C wave up. The market direction of SPX is up for about 2 days. Bitcoin is in five wave up move.

6/15/2020

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is extending its C wave in impulse down. It is now moving down in wave 3, which should be sharp down and works faster without invalidating the level of 2^nd wave high as stops. The BTC structure is not clear but it is also directing downward movement.

6/12/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed WXY complex correction. As mentioned in yesterday update, it completed sharp abc zigzag downside to complete Y wave. Now moving up in abc up cycle. This may be the part of extended Y wave, which is under progress or a new up cycle, but we know as chart progresses.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) has completed ABC flat correction and now price moving up in ABC zigzag move, which is either new wave as up cycle. It may further extend C wave loss too, but that will know as chart progresses.

6/11/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) had extended X wave correction further, which was over and now moving down for (Y) wave correction. It had made triangle in B corrective wave of a Y wave, which reversed immidiately after completing Y wave through C wave. Now price is going down for (Y) wave correction, which should be again ABC structure. Invalidation level must hold to retain the count.

6/10/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed wave 2 in complex WXY correction and now moving down in 3^rd wave for wave A of ABC correction of Y down. Wait for impulse fall in 5 min time frame to get in to trade.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is extending 2^nd wave in complex correction in WXY and Y wave is under progress. It can take more time. So it is better to enter in the 3^rd wave down after price broke the X wave low below 241 with stops above Y high. The next direction is down as mentioned in the chart.

6/9/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) is about to complete 2^nd wave of A down for ABC sequence of Y wave down. Thereafter it will start 3^rd wave, but wait for confirmation to end of 2^nd wave as price crossed down below 9677 as a token.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is about to complete 2^nd subwave of C down with one more minor high and after that it will go down for 3^rd subwave sharp. If it crossed down below 242.28, it means 3^rd wave down is already started, so keep watching that level.

6/9/2020

Bitcoin (BTCUSD - Bitfinex) - Updated EW count

Bitcoin (BTCUSD - Bitfinex) has completed its ABC zigzag pattern for Y wave in (X), which is the end of (X) wave and now it already started (Y) wave down with sharp fall, which is the wave 1 of wave A of ABC pattern of (Y) wave down. Overall Bitcoin has completed impulse cycle up side from last major bottom and now correcting it in B wave downside in 2 hr time frame.

Ethereum (ETHUSD - Bitfinex) - Updated EW count

Ethereum (ETHUSD - Bitfinex) is in flat correction of ABC, where B wave is complex correction and over with WXY pattern. Now wave C started moving down with sharp drop as wave 1 and correcting in wave 2. Thereafter 3^rd wave drop will start. It must follow the invalidation point to hold the count, which is inline with Bitcoin.

6/8/2020

Bitcoin (BTCUSD - Bitfinex) - ABC wave pattern

Bitcoin (BTCUSD - Bitfinex) is in A wave up in ABC zigzag correction as Y wave up shown in chart as corrective WXY wave. The (X) is made up of WXY and will end corrective up cycle with this C wave up and thereafter start (Y) wave down. Overall Bitcoin has completed impulse cycle up side from last major bottom and now correcting it in B wave downside in 2 hr time frame.

Ethereum (ETHUSD - Bitfinex) - ABC wave pattern

Ethereum (ETHUSD - Bitfinex) is in B wave down of X cycle in WXY complex corrective pattern moving in up direction. WXY is the part of (X) wave in (W)(X)(Y) complex pattern moving down. After B wave over again price moving up for C up to completed Y wave of (X). thereafter (Y) down will start.

6/5/2020

Ethereum (ETHUSD - Bitfinex) - WXY wave pattern - early mornig analysis

Ethereum (ETHUSD - Bitfinex) is in X wave triangle of WXY complex corrective pattern moving in up direction. WXY is the part of (X) wave in (W)(X)(Y) complex pattern moving down. After triangle breakout the price moving up in ABC zigzag move to complete Y wave of (X). thereafter (Y) down will start.

Bitcoin (BTCUSD - Bitfinex) - ABC wave pattern - early morning update

Bitcoin (BTCUSD - Bitfinex) is in B wave triangle and about to break out it and complete ABC zigzag correction as Y wave shown in chart as corrective WXY wave. The (X) is made up of WXY and will end corrective up cycle with this C wave up and thereafter start (Y) wave down.

6/4/2020

Bitcoin (BTCUSD - Bitfinex) - WXY wave pattern

Bitcoin (BTCUSD - Bitfinex) has completed impulse five wave sequence from bottom shown in 60 min chart. Now it is correcting it WXY down cycle and moving up in X wave, which is about to over and will start moving down in Y wave.

Major World Indices

2020-06-03T03:18:00.004+01:00

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7/31/2020

SPX (US500 - NYSE) -5th of 5th wave is in progress - stay long above 3204 for 3350-70 as target

7/18/2020

SPX (US500 - NYSE) - bullish price action

SPX (US500 - NYSE) is in 5^th wave of impulse cycle started from major low of Corona crash. It is in 2^nd internal wave of 3^rd subwave up in 30 min time frame. It will form c down in 2^nd internal wave before again resuming the up trend.

NDX (NASDAQ 100) - bullish price action

NDX (NASDAQ 100) is in impulse and most out-performing index in the world. But since last week it is in 4^th wave complex correction where one more down cycle will end it. 4^th wave can be a triangle too, but let’s see how it works.

Dow Jones Industrial Average (DJI - NYSE) - bulls in control

Dow Jones Industrial Average (DJI - NYSE) is in 2^nd subwave correction, so stay bullish when it over to get ride in 3^rd subwave of 5^th wave up in impulse cycle. Keep eye in 5 min time frame to track the smaller cycles to get in to trade. It has a very clear count as triangle wave 4 and 5^th wave is in progress within impulse cycle.

GDX

SOX

XLB

XLF

XLV

XLY

7/16/2020

Nifty50 (Nifty - NSE) - choppy but bullish price action

Nifty50 (Nifty - NSE) is within 4^th subwave of 5^th wave up of C wave cycle. So stay bullish above 10330 as level of invalidation level.

7/15/2020

SPX (US500 - NYSE) - bullish price action

SPX (US500 - NYSE) is in impulse cycle in 4 hr time frame from last major swing made due to Corona pandemic and lock down situation. It is now within 3^rd subwave of 5^th wave up and should stay above 3128 level as invalidation.

NDX (NASDAQ 100) - bullish price action

NDX (NASDAQ 100) is in impulse and most out-performing index in the world. It is in the irregular flat kind of 4^th subwave correction of 3^rd wave up. It is not clear that price is in 5^th subwave up or 4^th subwave, but if it makes new low below 10370, then its a good buying level for new high as 5^th subwave. Stay bullish.

COMPQ (nasdaq composite)

SOX - (Semiconductor Philadelphia)

Dow Jones Industrial Average (DJI - NYSE) - bulls in control

Shanghai Composite Index (SHCOMP) - Bulls in tight control

Shanghai Composite Index (SHCOMP) as mentioned in previous updates, it will just start moving up in 5^th internal wave of 3^rd subwave of 3^rd wave up in C cycle. Stay bullish for new high, which will occur within two days.

7/6/2020

Shanghai Composite Index (SHCOMP) - Bulls in tight control

Shanghai Composite Index (SHCOMP) is in strong trend in 30 min time frame as impulse move up as almost vertical rally. In daily time frame, it is in ABC move up side, where C wave up is running strongly up after 1^st wave of C was leading diagonal structure. 3^rd is currently in 3^th internal wave of 3^rd subwave of 3^rd wave, which might end soon. Keep buying three wave decline flat kind of correction for new high. Equal sized C wave target will be 3480 level, which is above 7 % up from current price.

7/1/2020

SPX (US500 - NYSE) - Will bears take control again ?

SPX (US500 - NYSE) is about to over 2^nd wave of C wave down, within ABC zigzag down sequence. 2^nd wave was abc expanded flat correction, which looks ended with impulse c wave yesterday. The C wave invalidation level (3156) is now too close to have good risk reward ratio for possible trade set up. It should drop right away from open, if it has to go down. If it remain choppy for say 1-3 hours, then its not gonna work like I thought. So stay bearish from here.

6/28/2020

Nifty50 (Nifty - NSE) - Updated EW count

Nifty50 (Nifty - NSE) has completed WXY complex corrective pattern in 4 hr time frame from last major bottom of 7513 to 10553 level. In 15 min time frame, it start correcting down in wxy, where w was double zigzag as abc, x was complex correction. Wave y down is in progress, which on Monday completed its a wav as gap down thereafter correcting in b wave, within abc zigzag for y wave down. In weekly time frame, its not clear that it has completed subwave 4 or not, so wait for more confirmation.

6/25/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) is within ABC zigzag movement and C wave down. It completed 1^st wave down and is correcting up in 2^nd wave. Thereafter wave 3 will start falling down. Equal sized C wave will targeted around 2886 level.

Dow Jones Industrial Average (DJI - NYSE) - Updated EW count

Dow Jones Industrial Average (DJI - NYSE) is within ABC zigzag movement and C wave down. It completed 1^st wave down and is correcting up in 2^nd wave. Thereafter wave 3 will start falling down. The B wave was ended with c subwave truncation, which cause in sharp fall of C wave down and may elongated beyond equal sized with A wave.

US smallcap 2000 (RUT - NYSE) - Updated EW count

US smallcap 2000 (RUT - NYSE) is within ABC zigzag movement and C wave down. 1^st wave down is about to end with new low then 2^nd wave will correct upside. B wave was completed with truncated c subwave, which caused sharp fall in C wave may extend it beyond equal sized A wave.

Nasdaq 100 (NDX - NASDAQ) - Updated EW count

Nasdaq 100 (NDX - NASDAQ) has completed five wave up cycle from bottom in 2 hr time frame. The 5^th wave was in ending diagonal, which already completed. Now the drop should be very sharp if it actually the case. The drop was either A or 1^st wave, so wait to complete the 2^nd wave up to get in to it.

DAX (DE30 - Xetra) - Updated EW count

DAX (DE30 - Xetra) is within ABC zigzag movement and C wave down. 1^st wave down is about to end with new low then 2^nd wave will correct upside. B wave was completed as abc zigzag move. C wave may go down faster than wave A. Wait confirmation to end of 2^nd wave. Let’s see how it moves.

CAC40 (FCHI - Paris) - Updated EW count

CAC40 (FCHI - Paris) is within ABC zigzag from last top and going down C wave. 1^st wave down is about to end then 2^nd wave will correct it upside. Wait for confirmation of 2^nd completion to get in to for 3^rd wav down. Let’s see how it moves.

FTSE100 (UKX - LSE) - Updated EW count

FTSE100 (UKX) is within ABC zigzag from last top and going down C wave. 1^st wave down is already ended and now 2^nd wave is correcting it upside. Wait for confirmation of 2^nd completion to get in to for 3^rd wave down. Let’s see how it moves.

6/24/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) is finally within C wave down in ABC zigzag pattern in 60 min time frame, where it is within 1^st wave and may be it end soon, thereafter wave 2 will rise upward as a good chance to get in to for C wave down move.

6/22/2020

ASX200 (XJO - Sydney) - Updated EW count

ASX200 (XJO - Sydney) has completed B wave of (B) up move within correction. B was complex wxy correction or it may be triangle (as alternate count). It is moving up in C wave up and 1^st of C has about to over, wait for 2^nd wave correction to get in to. It must hold the invalidation level to retain the wave count. After C over, means (B) wave over the (C) major wave will start moving down again in impulse sequence to complete (A)(B)(C) zigzag correction.

6/20/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) has completed B wave of (B) wave correction upward. (B) wave is subdividing in ABC wave up, where B wave is over in flat correction as abc. Now wave C up will start to complete (B) wave cycle. Another alternate wave count is also possible where (B) wave is over and (C) down has started moving down, which taken as possibility. If on Monday/Tuesday trading session price is moving as expected count then alternate count will take in action.

Dow Jones Industrial Average (DJI - NYSE) - Updated EW count

Dow Jones Industrial Average (DJI - NYSE) has completed wave B wave of ABC up sequence of (B) wave. It started moving up in C of (B). To retain the count it must remain above red dotted line. But if it broke the line, means C wave is under extension. Will see how it works on Monday. The next two trading session will decide the whole picture.

6/13/2020

SPX & Sector Overview:

Conclusion of SPX - at current point - Bounce of 2 - 3 % expected from here.

Bullish bias - 20 % as 5th of C wave up

Bearish bias - 50 % as Y (or (C) down)

Choppy bias - 30 % as triangle or complex correction

XLB, XLP, DJT, XLE are good sell on bounce as they are in down cycle, while XLV, SOX, XLY good among buying option to bounce up from Monday.

SPX - Updated EW count - (All minor counts not included)

Bullish scenario : If price retain above 2981 level (wave 1 high), then bullish count valid and target will be above previous high as C wave.

Bearish scenario : If price broken down below 2980 level, then the whole up move will be categorized in double zigzag (WXY - pink label), which again in goes in two possibility - either triangle formation (choppy) or Y major wave down as complex correction towards new low below 2200.

DJI - Updated EW count - (All minor counts not included)

Bullish scenario : If price retain above 24688 level (wave 1 high of C), then bullish count valid and target will be above previous high as C wave.

Bearish scenario : If price broken down below 24688 level, then the whole up move will be categorized in double zigzag (WXY - pink label), which again in goes in two possibility - either triangle formation (choppy) or (Y) major wave down as complex correction towards new low below 18000.

RUT - Updated EW count - (All minor counts not included)

Bullish scenario : If price sustain above 1336, then C up wave continue.

Bearish scenario : If price broken below 1336, then (Y) wave down will continue going for new low below 960 or it may be choppy correction for more time without clear directional view or triangle.

NDX - Updated EW count - (All minor counts not included)

Bullish scenario : If price retain above 9500 level (subwave 1 high of 3^rd wave), then bullish count valid and price further extend to new high as wave progresses.

Bearish scenario : If price broken down below 9500 then impulse count invalidated and count should be reevaluated for possible alternate scenario.

SOX - Updated EW count - (All minor counts not included)

Bullish scenario : If price retain above 1851 level, then bullish count valid and price further extend to new high.

Bearish scenario : If price broken down below 1851 then the up move will be categorized as WXY, which is end the wave (X) and (Y) wave will be targeted for new low below 1240 or some bigger triangle can be possible as alternative.

XLV - Updated EW count - (All minor counts not included)

Bullish scenario : It is in ABC zigzag up move. B is complex correction and under progress. Once it over, C wave will start moving up.

Bearish scenario : No sign of clear bearish sign observed. But if it continue dropping down, then it re-evaluate afterward.

XLY - Updated EW count - (All minor counts not included)

Bullish scenario : If price retain above 121.38 level (wave 1 high), then bullish count valid and target will be above previous high as 5^th wave of C up.

Bearish scenario : If price broken down below 121.38 level, then the whole up move will be categorized in triple zigzag (WXYXZ). Next move will decide, new labeling as it progresses.

XLF - Updated EW count - (All minor counts not included)

Bullish scenario : If price is retains above 20.11, the C wave of Y cycle is on the way. It is a corrective WXY pattern from bottom and under-performing SPX.

Bearish scenario : If price broken below 20.11, then complex corrective pattern (Y) will go down.

XLB - Updated EW count - (All minor counts not included)

Bearish scenario : Price action confirmed bearish count on the way. It completed W down, wait for X wave up to get into for bearish Y cycle. So bounce can be used to sell.

XLE - Updated EW count - (All minor counts not included)

Bearish scenario : Price action confirmed bearish count on the way after completing double zigzag WXY. It has completed A wave down, So bounce can be used to sell for C wave.

DJT - Updated EW count - (All minor counts not included)

Bearish scenario : Price action confirmed bearish count on the way after completing double zigzag WXY. It has completed W wave down, So bounce can be used to sell for Y wave.

XLP - Updated EW count - (All minor counts not included)

Bearish scenario : Price action confirmed bearish cycle on the way after completing simple ABC in (X) wave. It started moving down in (Y) wave, So bounce can be used to sell for Y wave. If it dropped in 5 wave (after making new low on Monday, then wave A(or 1^st) confirmed then sell for C down, otherwise double zigzag WXY down expected.

6/11/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) is moving within correction of 4^th subwave of 3^rd wave up and is in wxy complex correction. After FOMC event, it dropped to complete the Y wave down, which is under progress and might complete today as futures is about to complete that move. Thereafter 5^th subwave of 3^rd wave will rise to new high. But wait for confirmation to get in.

Dow Jones Industrial Average (DJI - NYSE) - Updated EW count

Dow Jones Industrial Average (DJI - NYSE) is moving within 4^th subwave as complex correction of 3^rd wave up, which probably about to ends in internal 4^th wave territory. Thereafter it start moving up for 5^th subwave of 3^rd wave up.

US smallcap 2000 (Russell2000 - NYSE) - Updated EW count

US smallcap 2000 (US2000 - NYSE) is in 4^th wave complex correction as WXY wave pattern and Y down will be at open. Ideally 4^th wave ends within previous internal 4^th wave correction, which is the case here. But wait for confirmation of end of wave 4 to get in.

DAX (DE30 - Xetra) - Updated EW count

DAX (DE30 - Xetra) is moving within 4^th subwave as ABC zigzag correction of 3^rd wave up, which is about to end with impulse C wave down with one more low. Thereafter 5^th up subwave will start, but wait for confirmation to get in.

CAC40 (FCHI - Paris) - Updated EW count

CAC40 (FCHI - Paris) is in 4^th subwave as complex WXY correction. Y wave is moving down in c wave, which is about to end with one more low. Thereafter 5^th subwave will start, but wait for impulse up as confirmation to get in.

Nikkei 225 (JP225 - Tokyo) - Impulse wave pattern

Nikkei 225 (JP225 - Tokyo) is in impulse wave pattern in C wave from bottom in ABC zigzag up in 2 hr time frame. It is in 4^th wave correction of C wave up, which is complex correction and subdivided in in simple abc zigzag wave and about to end. Thereafter new up cycle will start moving up. But wait for confirmation to get in. In weekly time frame, it started new up cycle from last bottom.

6/10/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) is moving within correction of 4^th subwave of 3^rd wave up and its gonna be a flat correction as mentioned in previous udates. Today is the FOMC statement, when probably the 4^th subwave will end and market will start moving up for final subwave up to end 3^rd wave by making new high.

Dow Jones Industrial Average (DJI - NYSE) - Updated EW count

Dow Jones Industrial Average (DJI - NYSE) is moving within 4^th subwave correction of 3^rd wave up, which probably ends at FOMC statement event and run for new high to complete 3^rd wave, which is highly likely.

US smallcap 2000 (US2000 Russell2000 - NYSE) - Updated EW count

US smallcap 2000 (US2000 - NYSE) is moving within 4^th subwave correction of 3^rd wave up, which probably ends at FOMC statement event and run for new high to complete 3^rd wave, which is highly likely. But keep eye on invalidation level, which should not be breach.

DAX (DE30 - Xetra) - Updated EW count

DAX (DE30 - Xetra) is moving within 4^th subwave as double zigzag wxy correction of 3^rd wave up, which probably starts moving up from tomorrow after FOMC statement event today after DAX market closing.

CAC40 (FCHI - Paris) - Updated EW count

CAC40 (FCHI - Paris) is moving within 4^th subwave as double zigzag wxy correction of 3^rd wave up, which probably starts moving up from tomorrow after FOMC statement event today after DAX market closing.

6/9/2020

SPX (US500 - NYSE) - Updated EW count

SPX (US500 - NYSE) has completed 3^rd subwave of 3^rd of C (or 3^rd wave impulse) now 4^thsubwave will be moving down in complex flat or triangle correction. Price should dip below 3185 to confirm the 4^th subwave correction, because above that level, it may extend further.

Dow Jones Industrial Average (DJI - NYSE) - Updated EW count

Dow Jones Industrial Average (DJI - NYSE) has completed 3^rd subwave of 3^rd wave of C and now moving down in 4^th subwave correction, which will be complex, flat or triangle. The possibility of irregular correction is too high as 2^nd subwave was sharp correction.

US smallcap 2000 (US2000 - NYSE) - Updated EW count

US smallcap 2000 (US2000 - NYSE) has completed 3^rd subwave of 3^rd up and now will go down for 4^th subwave. Watch the invalidation level carefully to retain the count valid.

DAX (DE30 - Xetra) - Updated EW count

DAX (DE30 - Xetra) has completed 3^rd subwave of 3^rd wave up and moving down in 4^th subwave down, which will take day or two.

CAC40 (FCHI - Paris) - Updated EW count

CAC40 (FCHI - Paris) has completed 3^rd subwave of C (or may be impulse). 4^th subwave down is now moving down and take one more day to complete. Let’s see how charts unfold.

6/3/2020

SPX (US500 - NYSE) - ABC wave pattern

SPX (US500 - NYSE) is in ABC zigzag move up from last major bottom dated 23 March. It is moving up in 3^rd wave up of C cycle and under extension. In weekly time frame it is in 5^th wave up as impulse cycle. So in smaller time frame, say 2 hour chart it should in impulse subdivision. In 2 Hr chart it may be in ABC (as ending diagonal) or as impulse cycle (shown by yellow big counts).

Dow Jones Industrial Average (DJI - NYSE) - ABC wave pattern

Dow Jones Industrial Average (DJI - NYSE) is in ABC zigzag move from last low dated 24 March. It is moving up in 5^th wave of C wave in ABC pattern (or 3^rd wave as impulse). In weekly time frame it is in 5^th wave up as impulse cycle, which means in 2 hour time frame, it must be impulse or diagonal structure in up direction.

DAX (DE30 - Xetra) - ABC wave pattern

DAX (DE30 - Xetra) is in ABC zigzag move up and 5^th of C wave is about to end (if not extended). In weekly time frame, it is in up trend and impulse wave sequence from 1988 cycle. It we talking last cycle, then it’s in wave 5 up, which may impulse or ending diagonal. So its better to count ABC along with impulse until get any confirmation in 2 hour time frame. In 60 min time frame, the C wave is 0.618 times of wave A, which shows either C wave over, or 1^st wave of 3^rd up may over. But without guess anything, let’s chart reveal what’s going on.

EW Counts - Germany Stocks

2020-05-27T07:14:00.000+01:00

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6/18/2020

MTU Aero Engines (MTX - Xetra) - Impulse wave pattern

MTU Aero Engines (MTX - Xetra) is in B (or 2^nd wave of (C) down) which is under progress and will be abc zigzag in nature. It can take one or two days to over, thereafter C wave down will start. It is in (A)(B)(C) wave pattern from major top in 4 hour time frame. It dropped in (A) wave in five wave sequence from major top in 2 hour time frame and corrected up in abc flat correction as (B) with c in five wave as shown in 60 min chart and (C) wave down is in progress.

Delivery Hero AG (DHER - Xetra) - Impulse wave pattern

Delivery Hero AG (DHER - Xetra) is in impulse pattern in 2 hr time frame, which is the part of its 5^th wave of C in weekly time frame (or 3^rd wave). It in 5^th subwave of 5^th wave, which is actually not a good risk reward entry for trading. But if it extends then can be a good trading opportunity. No trade entry set up for this pattern.

6/17/2020

Adidas AG (ADS - Xetra) - Updated EW count

Adidas AG (ADS - Xetra) is in B corrective wave down after A impulse wave up over in 15 min time frame. The ABC sequence is the part of wave (B) corrective up. It is moving in (A)(B)(C) zigzag down, but wave (B) is in progress and can take 1 or 2 days to complete. The down cycle (A)(B)(C) is the part of (Y) wave down. In weekly time frame, it has completed impulse sequence and now correcting down in WXY in daily time frame, which is already mentioned in earlier updates. (Y) wave will go down below 160 level.

Bayer AG (BAY - Xetra) - ABC wave pattern

Bayer AG (BAY - Xetra) has completed 3^rd subwave of wave C up in ABC zigzag pattern in 2 hr time frame. It is now in 4^th subwave, which should be flat or triangle or complex as 2^nd wave was sharp zigzag. Wait for 4^th subwave to over for next 5^th final wave up of C.

Beiersdorf AG (BEI - Xetra) - ABC wave pattern

Beiersdorf AG (BEI - Xetra) is in final wave 5 of C wave of Y wave up. One more high will end the 5^th wave of C (unless it further extend). The WXY in double zigzag pattern is about to over from major bottom in 2 hr time frame. There is no trade here right now, but previously it was suggested for 5^th wave up.

Fresenius SE (FRES - Xetra) - ABC wave pattern

Fresenius SE (FRES - Xetra) is in 3^rd wave of C wave up. Subwave 2^nd will start now of wave 3 of C up, so wait to complete it before get in to it. It must hold invalidation level to retain the count. In weekly time frame it dropped in impulse sequence from major top and moving up in correction.

Henkel AG (HNK - Xetra) - ABC wave pattern

Henkel AG (HNK - Xetra) is in final wave of C up in ABC zigzag up. It is in the 5^th subwave of 5^th wave of C wave. After that it will correct down unless it further extends.

Deutsche Bank AG (DBK - Xetra) - ABC wave pattern

Deutsche Bank AG (DBK - Xetra) is in B wave up in abc zigzag correction, where internal b wave is in progress and about to end soon. The drop from top was impulse wave A. It has completed WXY at last top in 2 hr time frame.

E.ON SE (EON - Xetra) - ABC wave pattern

E.ON SE (EON - Xetra) is in B wave correction in 10 min time frame. It is in ABC (or it may impulse C wave in 2 hr time frame). B wave is in zigzag abc move, where internal b wave is in progress. So, wait to complete B wave to get in to trade for C wave down. It must hold the invalidation level to retain the count valid. In both the cases corrective or impulse it will go down for C or 3^rd wave down as minimal target.

SAP SE (SAP - Xetra) - ABC wave pattern

SAP SE (SAP - Xetra) is in 5^th wave of C wave up final wave in ABC zigzag move up. Overall the stock is in strong up trend and in weekly it may in 5^th wave, which means the up move in 60 min will be impulse or diagonal move. It is now too late to get in to trade now. But next correction will be used for next cycle to trade.

Vonovia SE (VNA - Xetra) - impulse up wave

Vonovia SE (VNA - Xetra) is in 5^th wave up of impulse sequence. It was within subwave 1 of wave 5 up, which was over and now moving down in 2^nd subwave. It can be good buy with stops below 4^th wave, if it drops little more. As per alternate count it may be the part of 4^th wave complex correction, so focus on out-performance to DAX, when enter in trade.

6/3/2020

DAX (DE30 - Xetra) - C wave up

DAX (DE30 - Xetra) is 3^rd internal of 3^rd of C wave up (or 3^rd wave up, if it turns out impulse) in 60 min time frame. It is moving exactly as expected earlier. In weekly time frame, it may be in 5^th wave up of C wave as shown in chart. Progress of C ( or 3^rdwave) will show us if it’s an impulse. (Refer chart update - 5/26/2020)

SDAX (DAX Smallcap - Xetra) - Impulse up

SDAX (SDAX - Xetra) is in internal 3^rd of 3^rd wave up as extended wave in 60 min time frame. It is also out-performer to DAX. In weekly time, it is in 5^th wave up move after 4^th wave flat correction. SDAX is also out-performing the DAX in last up move in 60 min time frame. (Refer chart update - 5/26/2020)

MDAX (DAX Midcap - Xetra) - Impulse up

MDAX (MDAX - Xetra) is in internal 3^rd of 3^rd wave up as extended wave in 60 min time frame. It is also out-performer to DAX if compared. In weekly time frame it aligns with DAX and SDAX for 5^th wave up after flat like 4^th wave correction. (Refer chart update - 5/26/2020)

TECDAX (DAX Technology - Xetra) - Impulse up

TECDAX (DAX Technology - Xetra) is in 3^rd of 3^rd wave up of major 5^th wave impulse sequence up in 60 min and extension seen in the 3^rd wave as equal sized waves moving upward direction. It is also huge out-performer than DAX and other indices. (Refer chart update - 5/26/2020)

Adidas AG (ADS - Xetra) - WXY wave pattern

Adidas AG (ADS - Xetra) is in 3^rd wave of C of Y wave up as internal ABC zigzag correction. In weekly time frame impulse sequence is already over and WXY correction is under progress in which X wave up going on as shown in chart. (Refer chart update - 5/26/2020)

Bayer AG (BAY - Xetra) - ABC wave pattern

Bayer AG (BAY - Xetra) is in ABC zigzag wave pattern as shown in 60 min time frame, in which price is moving up in 3^rd of C wave. Watch invalidation level for pattern formation. In weekly time frame it has dropped in impulse pattern and now correcting up. (Refer chart update - 5/26/2020)

Beiersdorf AG (BEI - Xetra) - ABC wave pattern

Beiersdorf AG (BEI - Xetra) is in 3^rd wave of C up in ABC wave sequence as the part of WXY corrective up cycle. In weekly time frame it completed impulse sequence at major high as shown in weekly chart and dropped in W and now correcting in X wave up. Thereafter Y wave will move down again to completed the cycle.

Bayerische Motoren Werke AG (BMW - Xetra) - ABC wave pattern

Bayerische Motoren Werke AG (BMW - Xetra) is in 3^rd wave of C wave up, which is about to end soon in ABC zigzag wave pattern in 60 min time frame. In weekly time frame it completed WXY wave pattern and now correcting in upside in ABC correction. (Refer chart update - 5/26/2020)

Deutsche Post AG (DPW - Xetra) - WXY wave pattern

Deutsche Post AG (DPW - Xetra) is in 3^rd of C as ABC zigzag in Y wave upside. In weekly time frame it completed correction after an impulse up move. (Refer chart update - 5/26/2020)

Fresenius SE (FRES - Xetra) - ABC wave pattern

Fresenius SE (FRES - Xetra) is in 3^rd wave of C wave up of ABC zigzag wave pattern in 60 min time frame and out-performer to DAX index. In weekly time frame it dropped in impulse sequence from major top and moving up in correction. (Refer chart update - 5/26/2020)

Henkel AG (HNK - Xetra) - ABC wave pattern

Henkel AG (HNK - Xetra) is in 3^rd internal of 3^rd of C wave up in ABC zigzag wave pattern in 60 min time frame. In weekly time frame it corrected in WXY complex correction after ABC up move. (Refer chart update - 5/26/2020)

SAP SE (SAP - Xetra) - ABC wave pattern

SAP SE (SAP - Xetra) is in 3^rd wave of C wave up as extended wave in ABC zigzag move up. Overall the stock is in strong up trend and in weekly it may in 5^th wave, which means the up move in 60 min will be impulse. (Refer chart update - 5/26/2020)

Continental AG (CON - Xetra) - WXY wave pattern

Continental AG (CON - Xetra) is in 5^th wave of A up of Y cycle, which is about to end soon and B wave down correction will start. In weekly time frame it completed downside WXY complex, which was after impulse sequence. (Refer chart update - 5/26/2020)

Vonovia SE (VNA - Xetra) - impulse up wave

Vonovia SE (VNA - Xetra) is in 5^th wave of 3^rd up, which is about to end and 4^th wave correction will start down. In weekly time frame it is moving up within channel. (Refer chart update - 5/26/2020)

MTU Aero Engines (MTX - Xetra) - Impulse wave pattern

MTU Aero Engines (MTX - Xetra) is in ABC wave pattern from top in 2 hour time frame. It dropped in A wave in five wave sequence from major top in 2 hour time frame and corrected up in abc flat correction with c in five wave as shown in 60 min chart. Now C wave down will start, but wait till confirmation to get in to.

Deutsche Wohnen AG (DWN - Xetra) - Impulse up wave

Deutsche Wohnen AG (DWN - Xetra) is in 5^th of 5^th wave up in 60 min time frame, which is about to end with one more high. Either this is big wave 1 or extended wave is unfolding, because in weekly time frame the 5^th wave up is in progress, which means it has to move higher so much to complete the count in weekly. (Refer chart update - 5/26/2020)

United Internet AG (UTDI - Xetra) - Impulse up wave

United Internet AG (UTDI - Xetra) is in 4^th internal wave of 5^th up as primary count in 60 min time frame. The price is in within channel and waves are continuously moving up, which is hard to identify clearly . In weekly time frame it goes up in ABC correction or bigger C wave up. (Refer chart update - 5/26/2020)

Puma SE (PUM - Xetra) - ABC wave pattern

Puma SE (PUM - Xetra) is in ABC zigzag wave pattern and in 5^th final wave of C up in Y wave in 60 min time frame. In weekly time frame it completed impulse sequence at top and now correcting down in ABC sequence. (Refer chart update - 5/26/2020)

Evonik Industries AG (EVK - Xetra) - ABC wave pattern

Evonik Industries AG (EVK - Xetra) is in ABC zigzag wave in 60 min and moving up in 3^rd internal of 3^rd wave of C up. In daily time frame it completed WXY correction downside from major top and now going up in ABC initially. (Refer chart update - 5/26/2020)

Porsche Automobil Holding SE (PSHG - Xetra) - ABC wave pattern

Porsche Automobil Holding SE (PSHG - Xetra) is about to complete its 3^rd wave of C up in 60 min time frame. In weekly time frame it completed downside WXY complex correction and now started new cycle upside which might be ABC or impulse. (Refer chart update - 5/26/2020)

5/27/2020

Porsche Automobil Holding SE (PSHG - Xetra) - ABC wave pattern

Porsche Automobil Holding SE (PSHG - Xetra) is in ABC zigzag wave pattern in 60 min time frame. It is now in 3^rd wave of C wave up. In weekly time frame it completed downside WXY complex correction and now started new cycle upside which might be ABC or impulse.

Shop Apotheke Europe (SAE - Xetra) - Impulse wave pattern

Shop Apotheke Europe (SAE - Xetra) is in 3^rd of 5^th wave in 60 min time frame. It is strong and out-performing to DAX index. In daily time frame it is in ABC pattern and 3^rd of C wave is in progress, after one more correction sharp and then 5^th wave up expected.

Prosiebensat 1 Media AG (PSM - Xetra) - ABC wave pattern

Prosiebensat 1 Media AG (PSM - Xetra) is in ABC zigzag wave pattern in 60 min time frame. It is now in 3^rd wave of C wave up. In weekly time frame it dropped in ABC (or either 1-2-3) and now corrected up in ABC. It is out-performing in 60 min time frame than DAX index.

Evonik Industries AG (EVK - Xetra) - ABC wave pattern

Evonik Industries AG (EVK - Xetra) is in ABC zigzag wave in 60 min. It is now in 3^rd wave up of C wave after B wave corrected in abc zigzag pattern. In daily time frame it completed WXY correction downside from major top and now going up in ABC initially.

Puma SE (PUM - Xetra) - ABC wave pattern

Puma SE (PUM - Xetra) is in ABC zigzag wave pattern, where B wave is complex and its in last stage of c wave up of Y wave of WXY internal wave of B as shown in chart of 60 min time frame. In weekly time frame it completed impulse sequence at top and now correcting down in ABC sequence which shown in 60 min time frame. Wait for impulse drop to confirm the down trend.

Sartorius AG (SATG -Xetra) - Impulse up wave

Sartorius AG (SATG -Xetra) is in its 3^rd wave up in 60 min time frame. Internal 3^rd of 3^rd wave is about to end when make one more high as shown in chart. In monthly time frame its in its 5^th wave up and strongest stock in DAX market. 2^nd wave was choppy both the time in 60 min, so 4^th wave will be sharp decline expected, which will be good entry point.

Siemens Healthineers AG (SHLG - Xetra) - Impulse wave pattern

Siemens Healthineers AG (SHLG - Xetra) is about to end its impulse sequence from first look by identifying its waves up. In daily time frame it is in C wave as ABC bigger flat correction. But till it out-performing DAX market and in 60 min time frame its price action within channel, we are too early to say impulse is over. It may possible to extend the move up by making new and new high at equal up moves.

United Internet AG (UTDI - Xetra) - Impulse up wave

United Internet AG (UTDI - Xetra) is in 3^rd internal wave of 5^th wave up as primary count in 60 min time frame. The price is in within channel and waves are continously moving up with small equal distance, so its a possible extension, which is sometimes hard to identify, when ends or how much extends. In weekly time frame it goes up in ABC correction or bigger C wave up. In 60 min time frame one more dip of internal 4^th wave of 5^th up will be good entry as its out-performing the DAX.

Deutsche Wohnen AG (DWN - Xetra) - Impulse up wave

Deutsche Wohnen AG (DWN - Xetra) is in 5^th of 5^th wave up in 60 min time frame. Either this is big wave 1 or extended wave is unfolding, because in weekly time frame the 5^th wave up is in progress, which means it has to move higher so much to complete the count in weekly. It means in weekly either its wave 1 or extended wave. Keep watch on invalidation level after every rise it found extended wave.

5/26/2020

DAX (DE30 - Xetra) - C wave up

DAX (DE30 - Xetra) is in C wave up (or 3^rd wave up, if it turns out impulse) in 60 min time frame. It in 3^rd wave of C wave up after impulse A wave up followed by zigzag B wave shallow correction. In weekly time frame, it may be in 5^th wave up of C wave as shown in chart. Progress of C ( or 3^rdwave) will show us if it’s an impulse. Let’s see another sector/ indices to confirm the thesis. Also price is reversing in V shape bottom from Corona Pandemic, which is the sign of impulse wave.

SDAX (DAX Smallcap - Xetra) - Impulse up

SDAX (SDAX - Xetra) is in internal 3^rd of 3^rd wave up in 60 min time frame. In weekly time, it is in 5^th wave up move after 4^th wave flat correction. In 60 min time frame now it’s going up for 3^rd wave as the part of 5^th wave weekly up. SDAX is also out-performing the DAX in last up move in 60 min time frame.

MDAX (DAX Midcap - Xetra) - Impulse up

MDAX (MDAX - Xetra) is in internal 3^rd of 3^rd wave up in 60 min time frame. It is also out-performer to DAX if compared. In weekly time frame it aligns with DAX and SDAX for 5^th wave up after flat like 4^th wave correction. The price movement is steadily up like an impulse. Price is reversing in V shape bottom from Corona Pandemic, which is the sign of impulse wave.

TECDAX (DAX Technology - Xetra) - Impulse up

TECDAX (DAX Technology - Xetra) is in 3^rd of 3^rd wave up of major 5^th wave impulse sequence up in 60 min. It is also huge out-performer than DAX and other indices. In weekly time frame, like other indices it is also in 5^th wave up of C wave up, which almost recovered in V shape from major bottom.

SAP SE (SAP - Xetra) - ABC wave pattern

SAP SE (SAP - Xetra) is in ABC zigzag up move in 60 min time frame. Currently price is in 3^rd wave of C wave up. Overall the stock is in strong up trend and in weekly it may in 5^th wave, which means the up move in 60 min will be impulse. Next movement will decide what will gonna be impulse or ABC.

Bayer AG (BAY - Xetra) - ABC wave pattern

Bayer AG (BAY - Xetra) is in ABC zigzag wave pattern as shown in 60 min time frame. In weekly time frame it has dropped in impulse pattern and now correcting up. In 60 min time frame it is in 3^rd wave of C wave up, which should be very sharp up. Overall its market perform stock and mainly do what market is going to do, without any news behind.

Adidas AG (ADS - Xetra) - WXY wave pattern

Adidas AG (ADS - Xetra) is in WXY wave pattern in 60 min time frame. Currently price is in C wave of Y wave up as ABC zigzag correction. In weekly time frame impulse sequence is already over and WXY correction is under progress in which X wave up going on as shown in chart.

BASF SE (BASF - Xetra) - WXY wave pattern

BASF SE (BASF - Xetra) is in WXY wave pattern in 60 min time frame. Currently price is in C wave of Y wave up as ABC zigzag correction. In weekly time frame it completed one down cycle of WXY and now correcting upside but it’s bounce is poor. Even though C wave up can be sharp.

Bayerische Motoren Werke AG (BMW - Xetra) - ABC wave pattern

Bayerische Motoren Werke AG (BMW - Xetra) is in ABC zigzag wave pattern in 60 min time frame. It is now in 3^rd wave up of C up. In weekly time frame it completed WXY wave pattern and now correcting in upside in ABC correction.

Continental AG (CON - Xetra) - WXY wave pattern

Continental AG (CON - Xetra) is in WXY corrective up movement and currently moving up in C wave of Y wave up in its 3^rd wave, which confirmed by gap today. In weekly time frame it completed downside WXY complex, which was after impulse sequence.

Deutsche Post AG (DPW - Xetra) - WXY wave pattern

Deutsche Post AG (DPW - Xetra) is in WXY wave pattern in 60 min time frame. It is in 3^rd of C of Y wave. In weekly time frame it completed correction after an impulse up move.

Fresenius SE (FRES - Xetra) - ABC wave pattern

Fresenius SE (FRES - Xetra) is in ABC zigzag wave pattern in 60 min time frame and moving in 2nd wave of C wave up as out-performer to DAX index, after which 3^rd wave will start soon. In weekly time frame it dropped in impulse sequence from major top and moving up in correction.

Henkel AG (HNK - Xetra) - ABC wave pattern

Henkel AG (HNK - Xetra) is in ABC zigzag wave pattern in 60 min time frame and moving in 2nd wave of C wave up, after which 3^rd wave will start. In weekly time frame it corrected in WXY complex correction after ABC up move.

Vonovia SE (VNA - Xetra) - impulse up wave

Vonovia SE (VNA - Xetra) is in impulse up move in 60 min, in which it is about to complete 3^rd wave up. In weekly time frame it is moving up within channel, which indicates a strong trend and last sharp drop would be probably 4^th wave of any cycle, which is really hard to count or you get many counts for this uptrend. Anyway in 60 min it is also out-performing the DAX index, so better to count as impulse.

HelloFresh SE (HFG - Xetra) - Impulse up wave

HelloFresh SE (HFG - Xetra) is in 5^th wave of 3^rd up in 60 min time frame. In daily time frame the current price action is the part of 5^th internal of 3^rd wave up. It is all time high stock and huge out-performer to DAX. It should hold invalidation level to go up.

Delivery Hero AG (DHER - Xetra) - Impulse up wave

Delivery Hero AG (DHER - Xetra) has completed its impulse wave within 60 min time frame unless there will be further extension comes. In weekly time frame it completed ABC wave pattern. Now watch closely in 60 min time frame for next move, which will decide the next direction. Red line as invalidation point of wave 1 top is most important level.

EW counts - Japan stocks

2020-05-12T06:07:00.001+01:00

6/8/2020

Panasonic Corp (6752 - Tokyo) - Impulse wave pattern

Panasonic Corp (6752 - Tokyo) is in 5^th subwave of 3^rd of 3^rd wave up in the cycle, which is further subdividing. In weekly time frame, from 2013 it has completed A impulse and B complex wave correction down side. Now probably C (or new corrective cycle) wave started moving up, which is at least 3 wave up move from here.

6/6/2020

JP225 (Nikkei - Tokyo) - Impulse wave pattern

JP225 (Nikkei - Tokyo) is in impulse wave C up in ABC zigzag pattern from major low. It is moving up in 5^th internal of 3 minor wave of 3^rd , which is about to finish (if further not extend). If price fall below internal wave 4 low, means that wave is over and call for next correction of minor degree. In weekly time frame, the current price action has two scenario, one is wave C up and another is corrective X wave up, which will require further price action to confirm. So it is better to trade only ABC wave within smaller time frame.

Hitachi Ltd (6501 - Tokyo) - Updated EW count

Hitachi Ltd (6501 - Tokyo) is in 5^th internal of 3^rd minor of C wave up, which is about to end (if not extended further). Thereafter 4^th wave correction will start, which will give opportunity for small trading. Alternatively it can be major 3^rd of C wave, but next correction size will reveal the count. As per previous update, it is in uptrend either corrective or impulse. (Refer update dated 5/25/2020)

Shiseido Co Ltd (4911 - Tokyo) - Impulse wave pattern

Shiseido Co Ltd (4911 - Tokyo) is in C (or 3^rd wave up) in 60 min time frame. A wave was leading diagonal followed by B zigzag wave. The up move belongs to C wave, which is subdividing in equal sized move with overlapping structure, possibly like extended move, but must be hold the invalidation level as confirmation. In weekly time frame, its a 5^th wave up of C cycle.

Daiichi Sankyo Co Ltd (4568 - Tokyo) - Impulse wave pattern

Daiichi Sankyo Co Ltd (4568 - Tokyo) is in 3^rd wave up and its 4^th internal wave as ABC correction is under progress, which may take a day or two to complete. Thereafter 5^th wave will proceed. This is all time high and huge out-performer to Nikkei.

5/25/2020

Hitachi Ltd (6501 - Tokyo) - C wave up

Hitachi Ltd (6501 - Tokyo) is in Technology stock in Japan, which in WXY pattern in Weekly time frame from 2010 low and currently in Y wave up in ABC sequence. Price is in C wave up, which confirmed when it completes five wave sequence in smaller time frame say 60 min. In 30 min time frame it made A wave up followed by complex B wave. Now C wave up is in progress with 3 wave set up. Within this week the earning will be release after 4 days. 3293 is the level which is currently acting as resistance and once it will broke, price will be rallied so fast towards C up.

5/23/2020

Mitsubishi UFJ Financial Group (8306 - Tokyo) - Updated EW count

Mitsubishi UFJ Financial Group was in 4^th wave triangle, which was over. It is in now 5^th wave down which is only confirmed when triangle will broken down. This 5^th wave is the part of C wave major down in daily time frame as ABC correction down. The better odd for this set up is that it’s under-performer to Nikkei index.

SojitzCorp (2768 - Tokyo) - Updated EW count

SojitzCorp (2768 - Tokyo) is 5^th wave ending diagonal structure and progressing in overlapping wave sequence. It is better for pattern that it under-performed to Nikkei index. It is the part of C wave down in weekly time frame, which probably ends the bigger down trend.

EW counts - HK stocks

2020-05-12T05:59:00.002+01:00

6/19/2020

Tencent Holdings Ltd (700 - HK) - updated EW count

Tencent Holdings Ltd (700 - HK) is in 3^rd subwave of 3^rd wave, which is either about to end or it may further extend, but will know as correction proceeds. If the 3^rd subwave ended then 4^th subwave correction should not entered in to the territory of subwave 1. It is exactly moving up as expected in previous updates. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) has completed wave 4 in WXY complex correction and over all it traded with high volume. It is now moving up in 5^th wave in which 3^rd subwave is start moving upside. It is exactly moving up as expected in previous updates. Once it crossed the resistance line of high of 3^rd wave, it will go further faster. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter.

Hang Seng Bank (11 - HK) - Reversal bullish cycle

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. New up cycle can’t be classified clearly as impulse, but the upmove was supported by huge volume, which suggest the temporary trend change. Until the clear count, no more updates now for this stock.

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) has completed wave 1 of (C) up in (A)(B)(C) zigzag cycle. 2^nd wave correction is under progress, so wait to complete it first because thereafter 3^rd wave up will start moving up.

Hengan Intl Group Ltd (1044 - HK) - updated EW count

Hengan Intl Group Ltd (1044 - HK) has completed WXY complex correction as double zigzag has completed. It now in ABC move, wait for next update until it confirms the new trend or trend down as continuation. In weekly time frame it is choppy. After B over, it will again move up for massive C wave.

6/9/2020

HSI (HK50 - HK) - updated EW count

HSI (HK50 - Tokyo) is about to end the 3^rd wave of C move up in ABC wave pattern zigzag in 60 min time frame. Wave A was leading diagonal structure means C wave may move farther. So it may possible that extension will be on the way to C cycle.

FTSE China 50 Index (FTXIN25 - HK) - updated EW count

FTSE China 50 Index (FTXIN25 - Tokyo) is in 4^th wave correction of C wave up. In 60 min the ABC zigzag in progress having A wave as leading expanding diagonal, B flat correction and C is in progress. Let’s see how far it goes along with other major world indices.

HSI Finance (HSNF - HK) - updated EW count

HSI Finance (HSNF - Tokyo) is in 3^rd or C wave up in which price is now in 2^nd wave correction. But its overall under-performer and in corrective up cycle.

HSI Commercial & Industrial (HSNC - HK) - updated EW count

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag from last bottom and its clear out-performer to HSI index. The C wave up is moving up and about to end its 1^st wave now.

Tencent Holdings Ltd (700 - HK) - updated EW count

Tencent Holdings Ltd (700 - HK) is in correction of wave 2 since last update. It may possible it to start wave 3, but HSI is now moving in wave 4, so better to wait or enter above high of 1^st wave. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) has completed its 3^rd wave up and now correcting in 4^th wave, which is supported by high volume. It is also aligning with HSI index wave count, which is after correction will make one more high like HKEX. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter.

Hang Seng Bank (11 - HK) - Reversal bullish cycle

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. As expected it starts new up cycle which is confirmed by price movement and tremendously high volume. I spotted the right point of reversal. It also crossed the wave 4 triangle, which is another confirmation of temporary trend change. But wait for clear 5 wave and its pull back to get in to it.

Swire Pacific A (19 - HK) - Reversal bullish cycle

Swire Pacific A (19 - HK) has completed the 5^th wave down as ending diagonal structure. The 5 wave is the part of C wave of ABC of WXY weekly time frame. Now it starts moving up as new cycle, but wait to confirm with some impulse structure, which crosses wave 4 high as a token. No more sell trades now. The high volume confirms the reversal, which comes after low over.

CLP Holding (2 - HK) - updated EW count

CLP Holding (2 - HK) has started moving up in 3^rd wave of C up. It may take time to progress as now HSI will go down to complete for 4^th subwave. So invalidation level will be watching carefully to retain the wave count.

Sunny Optical Technology Group Co Ltd (2382 - HK) - updated EW count

Sunny Optical Technology Group Co Ltd (2382 - HK) is in B wave correction as flat abc and c wave up is in progress. The ABC pattern is the part of Y wave corrective down. Wait for 5^th wave of c to complete to start the major C wave down.

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) has started moving up in 3^rd wave as expected previously. Subwave 3^rd of 3^rd wave of C is in progress. Let’s see how it progresses. It has completed correction in weekly time frame downside and started new up cycle.

Hengan Intl Group Ltd (1044 - HK) - updated EW count

Hengan Intl Group Ltd (1044 - HK) is in 3^rd wave of C down in ABC zigzag down movement, which is actually the part of (B) down sequence after (A) wave leading diagonal. In weekly time frame it is choppy. After B over, it will again move up for massive C wave.

Galaxy Entertainment Group Ltd (27 - HK) - updated EW count

Galaxy Entertainment Group Ltd (27 - HK) is 2^nd wave correction of C wave up in ABC zigzag move. 2^nd will take more time as HSI will start correcting now in 4^th subwave. So wait for good entry to get in.

AAC Technologies Holdings Inc (2018 - HK) - updated EW count

AAC Technologies Holdings Inc (2018 - HK) is in ABC up move of Y wave of WXY correction of 2^nd wave up. It is moving up weekly as HSI going up to complete its 2^nd wave up. In weekly time frame the next move will be C, which should be more and swift down.

Meituan Dianping (3690 - HK) - updated EW count

Meituan Dianping (3690 - HK) has completed its 3^rd subwave of 5^th wave up. Here 5^th wave is extended. It is now moving in 4^th subwav correction and about to end soon, thereafter 5^th subwave will start and run for new high. This is in solid uptrend, but temporarily under-performing HSI. Wait for confirmation to get in.

Microport Scientific Corp (853 - HK) - updated EW count

Microport Scientific Corp (853 - HK) is in 5^th wave in 60 min time frame. It is now subwave 3^rd of 5^th wave with relative high volume. Again it is start subdividing so internal waves should count to get proper wave cycle. It in 3^rd wave in weekly time frame, so best buy opportunity.

Weimob Inc (2013 - HK) - Impulse wave pattern

Weimob Inc (2013 - HK) is in 4^th internal of 3^rd subwave of 3^rd wave, which may take 1-2 days to complete as in ABC wave. Thereafter it will rise in 5^th internal wave of 3^rd subwave. In weekly time frame it is in ABC zigzag move up and moving up in C impulse wave. If we consider upmove in 60 min time frame as ABC pattern even the price action is going up. The high volume suggest the strong move, which is also out-performing HSI.

6/2/2020

Semiconductor Manufacturing International Corp (981 - HK) - ABC down

Semiconductor Manufacturing International Corp (981 - HK) is in ABC zigzag down wave and now moving down in C wave, after impulse A wave as leading diagonal and B wave as sharp correction as consequence of diagonal structure. It completed impulse sequence at top in 60 min time frame. In weekly time frame it has completed 3^rd (or C wave) at top and out-performing on weekly basis to HSI index.

AAC Technologies Holdings Inc (2018 - HK) - Impulse wave pattern

AAC Technologies Holdings Inc (2018 - HK) is in 2^nd wave correction of C wave (or 3^rd wave) down. The 5^th internal wave of C wave will rise then it will start moving down. In weekly time frame it dropped in five wave impulse A wave and corrected in B wave. Now dropping in C wave, in which 3^rd wave down is in progress, which should be very sharp down and big fall. In a conservative approach this may be the part of double zigzag correction. In both cases the direction will be down.

Hengan Intl Group Ltd (1044 - HK) - ABC wave pattern

Hengan Intl Group Ltd (1044 - HK) is in ABC zigzag down movement, which is actually the part of (B) down sequence after (A) wave leading diagonal. It is now in 3^rd wave down of C wave of (B), which is invalidate if it crosses the invalidation level. In weekly time frame it is choppy.

Tencent Holdings Ltd (700 - HK) - ABC wave pattern

Tencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1^st wave of C, which is about to end soon and 2^nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

6/1/2020

HSI (HK50 - HK) - updated EW count

HSI (HK50 - Tokyo) is in ABC wave pattern zigzag in 60 min time frame. It is in 3^rd wave of C wave up and exactly moving up as expected. It completed A wave was in leading diagonal, B wave in complex wxy correction, which is over. (Refer chart update - 5/25/2020)

FTSE China 50 Index (FTXIN25 - HK) - updated EW count

FTSE China 50 Index (FTXIN25 - Tokyo) is in ABC zigzag correction in 60 min time frame, which is in its 3^rd wave of C wave. It is on the resistance level of previous three highs, which should be broken easily as its a 3^rd wave. (Refer chart update - 5/25/2020)

HSI Finance (HSNF - HK) - updated EW count

HSI Finance (HSNF - Tokyo) is in 3^rd or C wave up in which price is now in 2^nd wave correction. But its overall under-performer and in corrective up cycle. (Refer chart update - 5/25/2020)

HSI Commercial & Industrial (HSNC - HK) - updated EW count

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag wave pattern and moving up in 1^st wave of C wave up. To be in C wave impulse it must hold the invalidation level. (Refer chart update - 5/25/2020)

Meituan Dianping (3690 - HK) - updated EW count

Meituan Dianping (3690 - HK) is now in 3^rd internal wave of 5^th wave up in 60 min, which is the part of daily wave 5 up. As expected previously by slope and volume of price movement, it is going to subdividing the 5^th wave as extended wave. (Refer chart update - 5/25/2020)

Wuxi Biologics Cayman Inc (2269 - HK) - updated EW count

Wuxi Biologics Cayman Inc (2269 - HK) has completed impulse sequence as whole in 60 min time frame and now its under correction. In weekly time frame it has completed C wave from bottom as shown in previous weekly chart. - NO MORE UPDATES NOW. (Refer chart update - 5/25/2020)

Microport Scientific Corp (853 - HK) - updated EW count

Microport Scientific Corp (853 - HK) is in 5^th wave up in 60 min time frame, which is under 2^nd wave internal correction and must hold the 4^th wave low to go up. (Refer chart update - 5/25/2020)

CLP Holding (2 - HK) - updated EW count

CLP Holding (2 - HK) is in ABC zigzag wave pattern in 60 min time frame and in C wave up with relative high volume. It is moving in 1^st wave which is about to end and start 2^nd wave correction, which is good entry point with stops below invalidation level and high reward to risk ratio. (Refer chart update - 5/25/2020)

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) is in ABC zigzag wave pattern in 60 min time frame and completed B wave flat, but wait for five wave impulse in smaller time frame to confirm the start of C wave up. (Refer chart update - 5/25/2020)

Galaxy Entertainment Group Ltd (27 - HK) - updated EW count

Galaxy Entertainment Group Ltd (27 - HK) is in 3^rd wave up of C of ABC zigzag pattern in 60 min frame. It is moving up with gap, which is the common character of wave 3^rdand holds it till it ends. (Refer chart update - 5/25/2020)

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) is in 5^th wave in impulse sequence, which may extend as it is fueled with high volume and high slope. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. (Refer chart update - 5/25/2020)

Swire Pacific A (19 - HK) - updated EW count

Swire Pacific A (19 - HK) is in 5^th wave of C wave down and moving in 4^th internal wave of 5^th wave down. The ABC sequence is the part of weekly time frame, down cycle as Y wave of complex correction WXY. (Refer chart update - 5/25/2020)

Hang Seng Bank (11 - HK) - updated EW count

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. Now possible sharp reversal expected as the consequence of triangle.But until it crosses reversal point no more updates needed to this instrument. (Refer chart update - 5/25/2020)

5/26/2020

HSI (HK50 - HK) - ABC wave pattern

HSI (HK50 - Tokyo) is in ABC wave pattern zigzag in 60 min time frame. It completed A wave in leading diagonal, B wave in complex wxy correction, which is over. Wave C is started moving up with gap today. Till it holds the gap, possibly equal sized C wave expected to move up from here. In weekly time frame it has completed WXY complex down correction as shown in chart. So this will be new upside sequence which can be corrective or impulse, but let charts speak to us.

FTSE China 50 Index (FTXIN25 - HK) - ABC wave pattern

FTSE China 50 Index (FTXIN25 - Tokyo) is in ABC zigzag correction in 60 min time frame, which is out-performing the HSI index, as here B wave was not deeper correction like HSI. B wave here was flat correction and C wave up started today with gap up price movement. In weekly time frame it resembles the HSI index rather than last up move from 60 min low.

HSI Finance (HSNF - HK) - ABC flat wave pattern

HSI Finance (HSNF - Tokyo) is in flat ABC wave in 60 min time frame. It is one of the most under-performing sector in HSI. It has completed A & B three wave move in flat correction and started in moving C up (or Y wave alternatively).

HSI Commercial & Industrial (HSNC - HK) - ABC wave pattern

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag wave pattern, where B wave was flat correction and price is out-performing compared to HSI index. It is also out-performed to HSI in weekly time frame within last rise.

Meituan Dianping (3690 - HK) - Impulse wave pattern

Meituan Dianping (3690 - HK) is now in 3^rd internal wave of 5^th wave up in 60 min, which is the part of daily wave 5 up. It is further expected that this is the part of extension as volume and slope of price movement both are increasing. As in my yesterday trade list, it was the bottom where given as buy call with stops below 116 level. Let’s see now what happened next.

Wuxi Biologics Cayman Inc (2269 - HK) - 5^th wave up

Wuxi Biologics Cayman Inc (2269 - HK) is in 5^th wave up of major 5^th wave of C wave up in daily time frame. It is now in 5^th wave up after sharp 4^th wave ended just above wave 1 territory. It also be possible that extension is on the way. But conservatively it is now in 5^th wave progress with small invalidation level between. It is also in strong uptrend and out-performing HSI.

Microport Scientific Corp (853 - HK) - 5^th wave up

Microport Scientific Corp (853 - HK) is in 4^th wave correction, which possibly little deeper as 2^nd wave was complex in 60 min time frame. It is out-performing the HSI and at all time high in daily as in 3^rd wave (or C wave) up in daily.

CLP Holding (2 - HK) - ABC wave pattern

CLP Holding (2 - HK) is in ABC zigzag wave pattern in 60 min time frame. It has completed A five wave sequence followed by zigzag B wave. Now price is in C wave up with relative high volume. It is out-performing stock compared HSI index. In weekly time frame it has already completed down side correction and now in upside move.

CK Asset Holding Ltd (1113 - HK) - ABC wave pattern

CK Asset Holding Ltd (1113 - HK) is in ABC zigzag wave pattern in 60 min time frame. It made B flat correction, which is about to end soon. But wait for five wave impulse in smaller time frame to confirm the start of C wave up. In weekly time frame it made huge WXY complex correction from the date of inception. Also it should start out-performing HSI to go up for C wave.

Galaxy Entertainment Group Ltd (27 - HK) - ABC wave pattern

Galaxy Entertainment Group Ltd (27 - HK) is in ABC zigzag pattern in 60 min as well as out-performing HSI index. It has completed A five wave sequence followed by B zigzag wave correction and now moving in C wave up. In weekly time frame it completed WXY downside complex correction with overall strong outlook.

Hong Kong Exchange & Clearing Ltd (388 - HK) - ABC wave pattern

Hong Kong Exchange & Clearing Ltd (388 - HK) is in ABC wave pattern in 60 min time frame, which might be over, but if it extends as impulse after C wave over as wave 3, then it will further go for one more wave as C wave up. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. But right now no trade set up until it confirm the five wave move.

Swire Pacific A (19 - HK) - 5^th of C wave

Swire Pacific A (19 - HK) is in 5^th wave of C wave down. Currently price is in 3^rd internal wave of 5^th wave down. The ABC sequence is the part of weekly time frame, down cycle as Y wave of complex correction WXY. In internal wave 3^rd the volume was huge, which possibly drive it down as expected. The under-performance is the best character of it go further down as expected.

Hang Seng Bank (11 - HK) - 5^th of C wave

Hang Seng Bank (11 - HK) is in 4^th wave of 5^th wave major down of C wave in ABC sequence, which started from last major top in daily. 4^th wave in 60 min will possibly flat or triangle, as 2^nd wave was sharp correction. This wave was often not advisable to trade actually, because next will be the up cycle, which might be sharp too. In weekly time frame, this ABC move is correcting impulse up cycle.

Alibaba Group Holding Ltd (9988 - HK) - ABC flat wave pattern

Alibaba Group Holding Ltd (9988 - HK) is in ABC flat wave pattern in 60 min as the part of X wave down in bigger WXY wave pattern. Wave 2^nd is much sharp, which might give one more leg up before go down to 3^rd wave down of C wave. Overall market outlook is now positive, so wave 2 can be much deeper.

Xiaomi Corp (1810 - HK) - ABC wave pattern

Xiaomi Corp (1810 - HK) is in ABC corrective down wave cycle in 60 min, which is the part of X wave in bigger WXY corrective up sequence. As the HSI is now in up cycle, possibly B wave will give much deeper correction. So wait for confirmation in smaller time frame for C wave down. In weekly time frame its within correction of WXY up move.

Sunny Optical Technology Group Co Ltd (2382 - HK) - ABC wave pattern

Sunny Optical Technology Group Co Ltd (2382 - HK) is in ABC wave correction as the part of Y wave down. It already made A five wave sequence down and B wave up is now under progress. In weekly time frame it has completed impulse up move and then within bigger complex correction. This trade set up is not with high odds because of possible of alternate bullish count just like bearish, but only can done when expect market HSI to go down for any correction.

5/25/2020

Meituan Dianping (3690 - HK) - Impulse wave pattern

Meituan Dianping (3690 - HK) is a Retail stock from Services sector in Hong Kong, which is out-performing and at all time high. From the major bottom shown in Daily chart it made an impulse five wave up sequence, in which it is in it’s 5^th wave up. In 30 min time frame, price is in 4^th wave correction and sharp as alternating with wave 2^nd was choppy. Today is its earning day, so if it retains 116 level then it will go for new high above 145 level. Let’s see how chart unfolds.

5/22/2020

Swire Pacific A ( 0019 - HK) - Updated Elliott wave count

Swire Pacific A ( 0019 - HK) is in 3^rd of 5^th wave down having huge volume, which is driving it towards new low as shown in chart.

Hang Seng Bank (0011 - HK) - Updated Elliott wave count

Hang Seng Bank (0011 - HK) is in 3^rd wave of 5^th wave major down with huge volume, which is driving stock to furhter down to new low towards target as shown in chart.

Sands China Ltd (1928 - HK) - Updated Elliott wave count

Sands China Ltd (1928 - HK) is in 3^rd wave down of C down in Y wave as shown in chart. It is also under-performing the market.

5/14/2020

Swire Pacific A ( 0019 - HK) - Updated EW count

Swire Pacific A ( 0019 - HK) is in 3^rd of 5^th wave down having huge volume, which taken support at 47.50, if this level will break then fast down fall can be seen to new low as shown in chart.

Hang Seng Bank (0011 - HK) - Updated EW count

Hang Seng Bank (0011 - HK) is internal 2^nd wave of 3^rd of wave C down. It is the part of Head & Shoulder pattern too, which drives it down to new low.

Sands China Ltd (1928 - HK) - Updated EW count

Sands China Ltd (1928 - HK) is in 3^rd wave down of C or alternatively w wave of Y if there is triangle, but in both the cases price action should be bearish. If there is triangle then price should fall faster as it already broken triangle.

5/12/2020

Swire Pacific A ( 0019 - HK) - Updated EW count

Swire Pacific A ( 0019 - HK) is in 3^rd of 5^th wave down having huge volume, which should easily drive it downward for new low.

Hang Seng Bank (0011 - HK) - Updated EW count

Hang Seng Bank (0011 - HK) is going down in 3^rd wave of 5^th wave.

Sands China Ltd (1928 - HK) - Updated EW count

Sands China Ltd (1928 - HK) is in 3^rd wave down of wave C internal of wave Y major.

EW Counts - LSE Stocks (UK)

2020-05-05T17:01:00.000+01:00

5/14/2020

3I group (III - London) - Updated EW count

3I group (III - London) is in 2^nd wave which will about to end after 5^th of c of Y up ends. But in down trending market, it’s not going down and that’s not good for this stock. Again as per EW count it is valid count un till the price triggered invalidation level.

Anglo American PLC (AAL - LSE) - Updated EW count

Anglo American PLC (AAL - LSE) is in 3^rd of 3^rd wave of 5^th impulse down sequence and moving towards the new low as shown in chart.

Barclays PLC (BARC - LSE) - Updated EW count

Barclays PLC (BARC - LSE) is in 3^rd wave of wave A down. The stock is in WXY pattern and price is in A wave of Y down.

EasyJet PLC (EZJ - LSE) - Updated EW count

EasyJet PLC (EZJ - LSE) is in 3^rd wave of C down. The stock is in ABC zigzag pattern and moving fast down as it broken down the triangle of wave B. The 2^nd was irregular flat means 4^th will be sharp up.

Informa PLC (INF - LSE) - Updated EW count

Informa PLC (INF - LSE) is in 3^rd wave of C wave down of Y major degree.

Legal & General Group PLC (LGEN - LSE) - Updated EW count

Legal & General Group PLC (LGEN - LSE) is in 3^rd wave of A down. The Y wave will be made up of ABC correction means one more wave down expected after wave A down.

Royal Bank of Scotland Group (RBS - LSE) - Updated EW count

Royal Bank of Scotland Group (RBS - LSE) is in 3^rd wave of 5^th wave down. It already made new low below wave 3 and broken down triangle of 4 wave.

Persimmon PLC (PSN - LSE) - Updated EW count

Persimmon PLC (PSN - LSE) is in ABC of Y wave down. It is in 3^rd wave of A down.

Lloyds Banking Group PLC (LLOY - LSE) - Updated EW count

Lloyds Banking Group PLC (LLOY - LSE) is in 3^rd wave down of 5^th wave as a part of impulse sequence down as shown in chart.

St. James’s Place PLC (STJ - LSE) - Updated EW count

St. James’s Place PLC (STJ - LSE) is in C wave of w internal wave of Y wave as shown in chart.

Berkeley Group Holdings PLC (BKGH - LSE) - Updated EW count

Berkeley Group Holdings PLC (BKGH - LSE) is in 3^rd wave of C wave down. C wave is the part of w internal wave of major Y wave down cycle.

Compass Group PLC (CPG - LSE) - Updated EW count

Compass Group PLC (CPG - LSE) is in 3^rd of 5^th wave down of C wave down.

Intercontinental Hotels Group (IHG - LSE) - Updated EW count

Intercontinental Hotels Group (IHG - LSE) is achieved its minimum c wave target as shown in chart. For next movment the price action is now watched closely.

WPP PLC (WPP - LSE) - Updated EW count

WPP PLC (WPP - LSE) is now making 3^rd wave down as shown in chart of major 5^th wave.

Prudential PLC (PRU - LSE) - Updated EW count

Prudential PLC (PRU - LSE) is 3^rd of 3^rd wave of C down.

5/13/2020

Prudential PLC (PRU - LSE) - ABC wave pattern

Prudential PLC (PRU - LSE) is in ABC flat correction with small target. 3^rd of C wave down is already started and may be slide down to equal length of A or little more.

5/11/2020

Berkeley Group Holdings PLC (BKGH - LSE) - WXY wave pattern - Updated EW count

Berkeley Group Holdings PLC (BKGH - LSE) is making C wave down of internal W wave of major Y down as shown in chart. It should be start moving down faster if the the move confirms the count made.

Compass Group PLC (CPG - LSE) - ABC wave pattern - Updated EW count

Compass Group PLC (CPG - LSE) is now in 3^rd wave down of major 5^th wave of impulse pattern.

Intercontinental Hotels Group (IHG - LSE) - WXY wave pattern - Updated EW count

Intercontinental Hotels Group (IHG - LSE) is in C wave down of X wave. This trade will work for small target only.

WPP PLC (WPP - LSE) - Impulse wave down - Updated EW count

WPP PLC (WPP - LSE) is now making 3^rd wave down as shown in chart of major 5^th wave.

3I group (III - London) - ABC wave pattern - Updated EW count

3I group (III - London) is in 3^rd wave of C down after wave B complex correction over. It is under-performer to FTSE100 index. Now price should be dropping faster.

Anglo American PLC (AAL - LSE) - Impulse wave - Updated EW count

Anglo American PLC (AAL - LSE) is moving down in impulse wave. 3^rd of wave 5 was already started moving down with relative higher volume. Wave 4 was triangle which fueled price to dip down faster.

Barclays PLC (BARC - LSE) - Updated EW count

Barclays PLC (BARC - LSE) is moving down in ABC zigzag after wave X was over. Price should now move down faster as wave 3^rd down of wave A.

EasyJet PLC (EZJ - LSE) - ABC pattern - Updated EW count

EasyJet PLC (EZJ - LSE) is moving down in ABC zigzag pattern. B wave is in triangle and has completed. Wave 2 was over and 3^rd wave down already stated moving down. It is very under-performer stock of LSE.

Informa PLC (INF - LSE) WXY pattern - Y down - Updated EW count

Informa PLC (INF - LSE) is in WXY pattern down. Wave C of wave Y down is in progress.

Legal & General Group PLC (LGEN - LSE) WXY down - X triangle - Updated EW count

Legal & General Group PLC (LGEN - LSE) is in WXY down cycle, where X wave is in triangle. Y wave down started and 3^rd wave was started moving down of A of Y major wave.

Royal Bank of Scotland Group (RBS - LSE) 5^th wave down - Updated EW count

Royal Bank of Scotland Group (RBS - LSE) is going down in impulse sequence. Wave 3^rd of 5^th down started, but wait to break trend line support to confirm the move.

Persimmon PLC (PSN - LSE) WXY down - Updated EW count

Persimmon PLC (PSN - LSE) is in WXY pattern. Wave 3^rd down of A of Y now already started moving down.

Lloyds Banking Group PLC (LLOY - LSE) 5^th wave down - Updated EW count

Lloyds Banking Group PLC (LLOY - LSE) is in impulse down sequence. 3^rd wave of wave 5 major down now under progress.

St. James’s Place PLC (STJ - LSE) - WXY down - Updated EW count

St. James’s Place PLC (STJ - LSE) is now making 3^rd wave down of wave A of Y major wave as shown in chart.

5/8/2020

Berkeley Group Holdings PLC (BKGH - LSE) - WXY wave pattern

Berkeley Group Holdings PLC (BKGH - LSE) is in WXY complex correction pattern. W is elongated zigzag followed by X wave as double three correction, which is over. Y wave down is in progress which dropped with large volume. Wave B is about to over.

Compass Group PLC (CPG - LSE) - ABC wave pattern

Compass Group PLC (CPG - LSE) is in ABC elongated wave pattern. C wave is in progress. 2^nd wave is about to end and after that it should running down faster in 3^rd wave. It is also under-performer to FTSE 100 index.

Intercontinental Hotels Group (IHG - LSE) - WXY wave pattern

Intercontinental Hotels Group (IHG - LSE) is in WXY complex correction pattern from last bottom upside. Wave W is over having internal B wave as triangle, which resulted in quick reversal after it ended. X wave will made of ABC. B will end soon and starts C down for X wave.

WPP PLC (WPP - LSE) - Impulse wave down

WPP PLC (WPP - LSE) is in 5^th wave of C down in Daily time frame. 4^th wave was complex, which was already over and 5^th down started with high volume. Wave 1 was taken support on trend line & horizontal support line. Once it broken, the price will down faster, which is confirmation of this trade. It is also under-performer to the FTSE 100 index.

5/5/2020

St. James’s Place PLC (STJ - LSE) - WXY down

St. James’s Place PLC (STJ - LSE) is in WXY pattern. It completed X wave as complex correction in wxy wave cycle and already started Y wave down. Y wave started with A wave down as impulse and B wave as its corrective cycle. B wave will be about to end anytime now. Y wave can be divided in simple ABC or complex wxy.

Updated EW count - 5/7/2020 before market open

EW Counts - Australia Stocks

2020-05-05T06:21:00.000+01:00

5/20/2020

Ansell Limited (ANN - Sydney) - ABC wave pattern

Ansell Limited (ANN - Sydney) is in ABC wave pattern from major bottom and then shown a V shape rally from that point. Currently price is within 3^rd of wave C as indicated in chart. XJO index itself is in C wave up, which drives it even easily up towards C wave.

5/14/2020

Sydney Airport Holdings Ltd (SYD - Sydney) - Updated EW wave count

Sydney Airport Holdings Ltd (SYD - Sydney) is in ABC correction of Y wave. Wave 2 is about to end soon and then wave 3 will start for C wave down.

James Hardie Industries PLC (JHX - Sydney) - Updated EW wave count

James Hardie Industries PLC (JHX - Sydney) is in 3^rd of 3^rd wave down of C wave of ABX zigzag pattern.

Fortescue Metals Group Ltd (FMG - Sydney) - Updated EW count

Fortescue Metals Group Ltd (FMG - Sydney) is in 3^rd wave of C of w internal wave as shown in chart. Here ABC wave is in irregular flat correction, so that wave C should be progressing faster down.

5/13/2020

Commonwealth Bank of Australia (CBA - Sydney) - Updated EW count

Commonwealth Bank of Australia (CBA - Sydney) is expected to breaking the territory of triangle of wave B to move in wave C now. The invalidation level (red line) should be given honor If it goes down for new low. Let’s see what will happened next tomorrow.

5/12/2020

Sonic Healthcare Ltd (SHL - Sydney) - Updated EW wave count

Sonic Healthcare Ltd (SHL - Sydney) is in Y wave down.

James Hardie Industries PLC (JHX - Sydney) - Updated EW wave count

James Hardie Industries PLC (JHX - Sydney) is in 3^rd wave down of C wave.

Sydney Airport Holdings Ltd (SYD - Sydney) - Updated EW wave count

Sydney Airport Holdings Ltd (SYD - Sydney) is in ABC correction of Y wave. If wave A can be ending diagonal then C wave will go much down.

Commonwealth Bank of Australia (CBA - Sydney) - Updated EW count

Commonwealth Bank of Australia (CBA - Sydney) is moving down in 3^rd wave of C wave down as shown in chart. After triangle broken it should fall much faster.

5/6/2020

James Hardie Industries PLC (JHX - Sydney) ABC zigzag wave pattern
James Hardie Industries PLC (JHX - Sydney) is moving down in ABC zigzag pattern, where B wave was complex wave. Wave C is started going down with relative higher volume and will form five wave sequence down. It is already completed 2^nd wave and going down as 3^rd wave with gap on chart.

Sonic Healthcare Ltd (SHL - Sydney) - WXY wave pattern

Sonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.

5/5/2020

Fortescue Metals Group Ltd (FMG - Sydney) - WXY wave pattern

Fortescue Metals Group Ltd (FMG - Sydney) is moving down in WXY complex correction cycle from major top. It has completed X complex wave in triple three correction. Y wave is already started moving down, which will further progress in wxy wave. A sharp drop indicates A wave drop of w internal wave. Wait for B wave pull back to get into trade for C down.

EW counts - India Stocks

2020-05-03T15:53:00.001+01:00

6/24/2020

Britannia Industries Ltd (Britannia - NSE) - Updated EW count

Britannia Industries Ltd (Britannia - NSE) is in 5^th subwave of 3^rd wave up after 4^th subwave ended in ABC zigzag correction in 2 hr time frame. 3^rd internal wave is under progress for 5^th subwave in 15 min time frame. It should hold the invalidation level to retain the count. In daily time frame it is in 5^th wave.

Eicher Motors Ltd (Eichermot - NSE) - Updated EW count

Eicher Motors Ltd (Eichermot - NSE) has completed (B) wave and now going up in (C) in zigzag pattern from major low, which was actually a truncated low of down sequence as mentioned in previous updates. It is in 3^rd wave up for (C) wave, which is quite sharp as reversal will be faster as predicted before, anyway now wait for wave 4 pull back to get in to trade. Equal size target is 20500.

HDFC Bank Ltd (Hdfcbank - NSE) - Updated EW count

HDFC Bank Ltd (Hdfcbank - NSE) is in subwave 3^rd of 3^rd wave major in ABC zigzag up move. (alternatively it can be end of WXY corrective up pattern, which is having low probability). The 4^th subwave pull back will be scalping opportunity for trade in the trade setup . Next correction of wave 2 will be deciding factor for next big cycle.

Hero MotoCorp Ltd (Heromotoco - NSE) - Impulse wave pattern

Hero MotoCorp Ltd (Heromotoco - NSE) is in 3^rd wave up of ABC zigzag wave pattern in2 hr time frame. It started 3^rd subwave of 3^rd wave up, which is supported by high volume, which will end only after small pull back and new high in 5 min time frame as indicated by red count. Stay in the cycle up until it invalidate the important level.

Hindalco Industries Ltd (Hindalco - NSE) - Updated EW count

Hindalco Industries Ltd (Hindalco - NSE) is in 3^rd wave up of C wave. It is within 3^rd subwave of 3^rd wave up, which should be watched closely in 3 min time frame. Here C wave is getting extended as mentioned in earlier updates.

ICICI Bank Ltd (Icicibank - NSE) - Updated EW count

ICICI Bank Ltd (Icicibank - NSE) has completed 3^rd of C up in ABC zigzag up move and it is correcting in 4^th wave correction, which probably takes a day or two to complete. Thereafter 5^th wave up will start to complete the cycle in C wave as WXY pattern.

Indian Oil Corporation Ltd (IOC - NSE) - Updated EW count

Indian Oil Corporation Ltd (IOC - NSE) has completed A wave up side and B wave correction is under progress, which is ABC zigzag in nature as mentioned in previous updates. It just completed a subwave and b subwave, wait to complete c subwave to end B wave. It completed major cycle down ABC in daily time frame and now correcting upside. The high volume in wave A will easily push up for C wave.

ITC Ltd (ITC - NSE) - Impulse wave pattern

ITC Ltd (ITC - NSE) has completed ABC zigzag downside as wave W in WXY down sequence and it is in the X wave up correction structure as ABC zigzag, where 4^th subwave of C wave up is in progress. One more high will end the C and thereof X wave, so next cycle will be down Y wave. Wait for confirmation in 3 min time frame before get in to.

Larsen & Toubro Ltd (LT - NSE) - ABC wave pattern

Larsen & Toubro Ltd (LT - NSE) is in 4^th wave of C wave up, so one more high will end the C wave of bigger WXY cycle in 2 hr time frame. Thereafter corrective down cycle will start. Wait for confirmation to get into.

Mahindra & Mahindra Ltd (M&M - NSE) - ABC wave pattern

Mahindra & Mahindra Ltd (M&M - NSE) has completed 3^rd (or C wave) upside as indicated in chart and previous updates. It is now in 4^th wave correction (or downside correction), which is ABC flat, so C wave will be good sell as it has so much divergence in indicator and new high with average volume for downside target of 5-8 % or higher.

Maruti Suzuki India Ltd (Maruti - NSE) - Impulse wave up

Maruti Suzuki India Ltd (Maruti - NSE) is in 5^th wave up of C wave as indicated in chart. It is about to end the 5^th wave as 4^th subwave is in progress, which will end soon thereafter one more high will end the sequence. It may go up to 6200 level in that wave. Wait for clear count in 5 min time frame to get a new selling position.

Reliance Industries Ltd (Reliance - NSE) - Impulse wave pattern

Reliance Industries Ltd (Reliance - NSE) is in the 3^rd wave up and near all time high. It is in the 5^th subwave of 3^rd wave, which will over with new high. Thereafter 4^th down correction will start, which will give again buying opportunity for new 5^th wave cycle.

6/23/2020

Nifty50 (Nifty - NSE) - Updated EW count

Nifty50 (Nifty - NSE) is in 4^th wave correction of C wave of Y wave in WXY cycle up. The 4^th wave can take one day to complete, so probably it ends tomorrow and start moving up again for 5^th of C wave, which ends the uptrending correction.

Banknifty (Niftybank - NSE) - Updated EW count

Banknifty (Niftybank - NSE) is in 4^th wave of C wave in Y wave, which is the part of WXY major correction. 4^th wave will take a one day correction time to end, thereafter 5^th wave will start. This is simple ABC zigzag within Y wave.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Updated EW count

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is within 5^th subwave of 3^rd wave up within diagonal structure or it may be within bigger extended wave 3 (if price crosses above 368). It is exactly moving as expected in earlier updates. It is the time to see that how the next move will be, because 4^th wave will be good buy if the case. Until no trade zone.

Axis Bank Ltd (Axisbank - NSE) - Updated EW count

Axis Bank Ltd (Axisbank - NSE) is in C wave up in ABC zigzag correction after B wave flat was ended. As expected in earlier updates that C wave up will be moving next, which is actually more stronger upmove. It is in 3^rd wave up, which is about to end then 4^th wave correction will start, which probably flat or triangle type correction as 3^rd wave is very strong. Let’s see how chart moves next.

Bajaj Auto Ltd (Bajajauto - NSE) - Updated EW count

Bajaj Auto Ltd (Bajajauto - NSE) is in 3^rd wave up of C wave in ABC zigzag up move in 2 hr time frame. It is in 3^rd subwave of 3^rd wave up in 30 min time frame. Stay bullish if you hold the position from previous update, until it hold the subwave 2 low of 2650.

Bajaj Finance Ltd (Bajajfin - NSE) - Updated EW count

Bajaj Finance Ltd (Bajajfin - NSE) is in 3^rd wave of C wave up after it completed down sequence in 4 hr time frame. It is supported by huge volume as mentioned in previous updates and anybody followed previous update can gain about 20-30 % gain in the wealth with one trading week time. Anyway it is about to end the 3^rd wave and then go down for 4^th wave correction, thereafter again it will rise for one more high to complete the C wave.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - Updated EW count

Bajaj Finserv Ltd (Bajajfinsv - NSE) is in 3^rd wave of C wave up in ABC zigzag up move in 60 min time frame after massive drop. It is in the 3^rd wave up, which will end soon and corrected down for 4^th wave. Thereafter it will rise again to complete the C wave up. If anybody followed previous update and take aggressive entry then it will up about 20- 25 % up. It supported by huge volume, which is the main reason to rise faster.

Bharat Petroleum Corp Ltd (BPCL - NSE) - Updated EW count

Bharat Petroleum Corp Ltd (BPCL - NSE) is in 5^th wave up of C wave, which is the part of ABC zigzag wave in 2 hr time frame. In 60 min time frame, it is going up in 5^th wave, where it completed subwave 1 and going down for 2^nd subwave, which will be good entry for new high to complete the C wave, but it must hold the invalidation level of 4^th wave low 357 to retain the count.

6/17/2020

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Updated EW count

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is moving up in 5^th internal wave of subwave 3^rd of 3^rd wave as indicated in chart. As mentioned in previous updates it is going up in impulse and unless it retains above invalidation level, it is good buying candidate. In weekly time frame it is in 5^th wave up.

Axis Bank Ltd (Axisbank - NSE) - Updated EW count

Axis Bank Ltd (Axisbank - NSE) is in C wave up as moving up in ABC zigzag pattern, Overall it is under-performer to Nifty index. Until it crossed down the B wave invalidation zone, it is a buy for C wave up. B wave was irregular extended flat correction, which probably should result in sharp C wave up. Once it crossed above reversal zone, it will be within strong buying cycle. Let’s see how it moves next.

Bajaj Auto Ltd (Bajajauto - NSE) - Updated EW count

Bajaj Auto Ltd (Bajajauto - NSE) is in 3^rd wave of C up after 2^nd wave was over. The 2^nd wave low should hold to be in 3^rd wave, wait for upper trend line as resistance to cross upside as confirmation of up trend to get in to.

Bajaj Finance Ltd (Bajajfin - NSE) - Updated EW count

Bajaj Finance Ltd (Bajajfin - NSE) is in B wave zigzag correction after impulse wave A up was over from last major bottom. B wave can take a day or two to complete and thereafter C wave up will start. In weekly time frame it completed impulse up wave at top and now correcting in ABC cycle up. A relative high volume is good supporter to price moving up, which came after major low.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - Updated EW count

Bajaj Finserv Ltd (Bajajfinsv - NSE) is in B corrective wave, which is turnout to be sharp zigzag as mentioned in previous update after price rise in impulse wave A. It completed bigger impulse (A) wave down and now correcting the drop in (B) wave, which possibly complex correction. A relative high volume is good supporter to price moving up, which came after major low.

Bharat Petroleum Corp Ltd (BPCL - NSE) - Updated EW count

Bharat Petroleum Corp Ltd (BPCL - NSE) is within 4^th wave ABC correction after wave count updates. One more high will complete (A)(B)(C) zigzag pattern from last major bottom in 2 hr time frame. The C wave of 4^th wave was diagonal structure, which indicates the sharp 5^th wave rise is on the way till it holds above the low of C wave of 4^th wave.

Bharti Airtel Ltd (Bhartiartl - NSE) - Updated EW count

Bharti Airtel Ltd (Bhartiartl - NSE) is in B wave of (Y) wave cycle as expected in earlier updates. The internal c wave of B wave in flat correction is under progress, which once over thereafter C wave will start moving down to complete the (Y) wave down. It may turn out to be impulse pattern too. As previously mentioned it in under bearish cycle. Let’s see how it moves next.

Britannia Industries Ltd (Britannia - NSE) - Updated EW count

Britannia Industries Ltd (Britannia - NSE) is in 5^th subwave of 3^rd wave up after 4^th subwave ended in ABC zigzag correction. One more high will complete the 3^rd wave. It should hold the invalidation level to retain the count. In daily time frame it is in 5^th wave.

Cipla Ltd (Cipla - NSE) - Updated EW count

Cipla Ltd (Cipla - NSE) is in completed correction pattern WXY, in which wave Y is under progress. In 2 hr time frame, it is in ABC zigzag pattern up. The C wave may be over or it may extend further. From daily time frame, it is clear that it may extend the C wave, so after Y wave ends in 15 min time frame, it is possible to go higher in wave 3 of C. Will analyze later as price progresses.

Eicher Motors Ltd (Eichermot - NSE) - Updated EW count

Eicher Motors Ltd (Eichermot - NSE) is in 2^nd wave of C wave up in ABC zigzag pattern after 5^th wave of (C) ended down in truncation as mentioned in previous updates. The 2^nd wav will go down for c internal wave completion, thereafter 3^rd wave will move up. Equal size C wave will end around 20500 level. So good risk reward ratio trade set up. Wait the turn out point after 2^nd wave over to confirm the uptrend.

Gail Ltd (Gail - NSE) - Updated EW count

Gail Ltd (Gail - NSE) has completed ABC zigzag correction and now correcting in WXY correction in double zigzag. In weekly time frame it complete downside WXY wave. Now its started new up cycle. No more updates on Gail until it converts in to next trend.

HDFC Bank Ltd (Hdfcbank - NSE) - Updated EW count

HDFC Bank Ltd (Hdfcbank - NSE) is in 2^nd wave of C (or 3^rd wave) up. 2^nd wave unfolding in wxy complex correction, thereafter 3^rd wave will start up. Wave x is moving up which may end soon to start y wave down for 2^nd wave. In weekly time frame it is in 5^th wave (or 4^th wave correction).

Hindalco Industries Ltd (Hindalco - NSE) - Updated EW count

Hindalco Industries Ltd (Hindalco - NSE) is in 3^rd wave up of C wave. It has completed 2^nd wave in zigzag move. The 2^nd subwave of 3^rd wave up is under progress, which ends soon and 3^rd subwave will again rise upward as indicated in chart.

ICICI Bank Ltd (Icicibank - NSE) - Updated EW count

ICICI Bank Ltd (Icicibank - NSE) is B wave, which is complex correction wxy and x wave is under progress. Wait to complete y wave of B wave to get in for wave C up. The overall cycle is in WXY correction.

Indian Oil Corporation Ltd (IOC - NSE) - Updated EW count

Indian Oil Corporation Ltd (IOC - NSE) has completed A wave up side and B wave correction is under progress, which is ABC zigzag in nature as mentioned in previous updates. It just completed a subwave and b subwave is in progress, wait to complete c subwave to complete B wave. It completed major cycle down ABC in daily time frame and now correcting upside. The high volume in wave A will easily push up for C wave.

Mahindra & Mahindra Ltd (M&M - NSE) - ABC wave pattern

Mahindra & Mahindra Ltd (M&M - NSE) has completed ABC zigzag from major bottom in 2 hr time frame as expected in previous updates. It may possible that whole move up will be impulse. So wait for next correction quality to turns out to be impulse or corrective. Wave 2^nd was flat, so 4^th wave will possibly triangle or complex, if it has to be completed within subwave 4^th of 3^rd wave. Let’s see what happened next. If it completes in the top part of 3^rd wave, then it will be good buy. The high volume may easily take it up for new high.

6/10/2020

Nifty50 (NSEI - NSE) - Updated EW count

Nifty50 (NSEI - NSE) is in 4^th wave of wave A in ABC move up for Y wave, which will possibly sharp down as 2^nd wave was irregular correction. In weekly time frame from 2009 low, price going up in impulse wave and currently wave 5 is in progress. In 60 time frame the up move is corrective, said zigzag kind of move, which suggest the ending diagonal move will be on the way to 5^th wave.

Banknifty (NSEBANK - NSE) - Updated EW count

Banknifty (NSEBANK - NSE) is in new up cycle from last higher low dated 22 May as mentioned in last updates. It completed wave A (or 1) and now correcting down in B (or 2) wave down in flat correction. In weekly time frame from 2009 major low, it is in ABC up cycle and price has completed its 4^th wave correction down of C wave up, means next wave will be 5^th up, which may be started, which confirm when price is moving above previous 4^th wave of C wave down as line of reversal and moving up in impulse.

Nifty Midcap 50 (NIMDCP50 - NSE) - ABC wave pattern

Nifty Midcap 50 (NIMDCP50 - NSE) is in 4^th wave correction of wave C up in ABC zigzag pattern. This index is having clear count than Nifty as wave A was five wave clear pattern. 4^th wave is moving down more to complete it and thereafter 5^th wave up will start may be tomorrow as other indices have to complete their waves. In weekly time frame, it is in corrective move up as indicated in chart. This is new up cycle from last low.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Updated EW count

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is extending its 3^rd wave and within 4^th subwave of 3^rd wave as indicated in chart as expected in previous updates. It will go for C wave down to complete 4^th subwave, thereafter make a new high. In weekly time frame it is in 5^th wave up.

Axis Bank Ltd (Axisbank - NSE) - Updated EW count

Axis Bank Ltd (Axisbank - NSE) is now in wave C up from truncated bottom, where it completed previous wave. It is in 2^nd wave down of C and can take more time, alteratively it may be wave B correction as Nifty is within wave 4. Once it crossed above reversal zone, it will be within strong buying cycle.

Bajaj Auto Ltd (Bajajauto - NSE) - Updated EW count

Bajaj Auto Ltd (Bajajauto - NSE) is in C wave up and 2^nd wave is in progress as flag pattern. It may take a while to complete, thereafter wave 3 will start moving up.

Bajaj Finance Ltd (Bajajfin - NSE) - Updated EW count

Bajaj Finance Ltd (Bajajfin - NSE) has completed wave A from bottom in impulse sequence and crossed above reversal zone, which indicated its down cycle was over. Wait for B wave to complete in zigzag to start new C wave up cycle. In weekly time frame it completed impulse up wave at top and now correcting in ABC cycle up.

Bajaj Finserv Ltd (Bajajfinsv - NSE) - ABC wave pattern

Bajaj Finserv Ltd (Bajajfinsv - NSE) is in B corrective wave after price rise in impulse wave A. It completed bigger impulse (A) wave down and now correcting the drop. Wait for B wave to complete in sharp correction.

Bharat Petroleum Corp Ltd (BPCL - NSE) - Updated EW count

Bharat Petroleum Corp Ltd (BPCL - NSE) has completed 3 subwave of 3^rd of C wave up and correcting down in 4^th subwave in sharp correction. Thereafter will go for final move of 3^rd wave. This ABC is the part of correction in bigger time frame.

Bharti Airtel Ltd (Bhartiartl - NSE) - Updated EW count

Bharti Airtel Ltd (Bhartiartl - NSE) it has completed X wave as expected in earlier updates. Now it is moving down in wave A and 3^rd wave is under progress down. It will be moving down in WXY wave and Y wave down in ABC is under progress. As previously mentioned it in under bearish cycle.

Britannia Industries Ltd (Britannia - NSE) - Updated EW count

Britannia Industries Ltd (Britannia - NSE) is in 4^th subwave of 3^rd wave up in impulse sequence as earlier mentioned in updates, which is actually overall 5^th wave up in daily time frame. One more high will complete the 3^rd wave.

Cipla Ltd (Cipla - NSE) - Updated EW count

Cipla Ltd (Cipla - NSE) is in ABC zigzag wave pattern in 60 min time frame. It is in 2^nd wave sharp correction after impulse 1^st wave over of C cycle. 2^nd is taking time of one or two to complete and afterward headed up for 3^rd wave. In weekly time frame, it completed down side WXY correction after impulse up over.

Eicher Motors Ltd (Eichermot - NSE) - Updated EW count

Eicher Motors Ltd (Eichermot - NSE) is in corrective B wave of up cycle move, which might take more time to complete. Thereafter wave C up will start. It has completed down sequence in truncation of 5^th wave of C wave. So up move might be sharper upside.

Gail Ltd (Gail - NSE) - Updated EW count

Gail Ltd (Gail - NSE) is in 4^th wave of C wave up, which is about to over and 5^th wave will start soon. The volume is very high, which indicates the one more high will be highly probable. In weekly time frame it complete downside WXY wave. Now its started new up cycle.

HDFC Bank Ltd (Hdfcbank - NSE) - Updated EW count

HDFC Bank Ltd (Hdfcbank - NSE) is in 2^nd wave of C (or 3^rd wave) up. 2^nd wave might take more time to complete, but after that 3^rd wave will start up, which should move sharply up as it has high volume support. In weekly time frame it is in 5^th wave (or 4^th wave correction).

Hindalco Industries Ltd (Hindalco - NSE) - Updated EW count

Hindalco Industries Ltd (Hindalco - NSE) is in 2^nd wave of C wave up and take up more time to complete. 3^rd wave will start once 2^nd over. It is in ABC zigzag move up.

ICICI Bank Ltd (Icicibank - NSE) - Updated EW count

ICICI Bank Ltd (Icicibank - NSE) is B wave, which again in flat abc correction. The c of B is impulse and complete when five wave over, thereafter C wave up will start moving up in Y wave. The overall cycle is in WXY correction.

Indian Oil Corporation Ltd (IOC - NSE) - Updated EW count

Indian Oil Corporation Ltd (IOC - NSE) has completed A wave up side and B wave correction is under progress, which highly likely sharp in nature. It completed major cycle down ABC in daily time frame and now correcting upside. The high volume in wave A will easily push up for C wave.

ITC Ltd (ITC - NSE) - Updated EW count

ITC Ltd (ITC - NSE) is in 2^nd wave correction of wave C up, which take about 2 days to complete in flat correction. In weekly time frame it is in 5^th wave up, which is either impulse or diagonal structure. So if we consider it in impulse then in 60 min time frame, it is in 3^rd wave, where internal 1^st wave is over and correcting down for 2^nd wave. But if we consider the diagonal structure then 1^st wave as ABC over and 2^nd wave is in progress. In both scenario, price will go further up after correction. So watch the quality of correction to have clear idea about to next move up.

Nestle India Ltd (Nestleind - NSE) - Updated EW count

Nestle India Ltd (Nestleind - NSE) is in strong uptrend in all time frame as well as out-performer to Nifty index. It is about to end 2^nd wave correction and will start 3^rd wave up. The invalidation level must hold to confirm the thesis.

Mahindra & Mahindra Ltd (M&M - NSE) - ABC wave pattern

Mahindra & Mahindra Ltd (M&M - NSE) is in ABC zigzag from bottom and correcting in 4^th wave of C wave up (or 3^rd wave). In weekly time frame, it has completed downside complex correction and going up in either new corrective cycle or impulse 5^th wave. Let’s see what happened next.

Maruti Suzuki India Ltd (Maruti - NSE) - Impulse wave up

Maruti Suzuki India Ltd (Maruti - NSE) is in 4^th subwave comp;ex correction of 3^rd wave up (or C wave). The high volume supports the up move. In weekly time frame, it completed downside 4^th wave correction and now moving up in 5^th wave up or new corrective cycle.

6/3/2020

Nestle India Ltd (Nestleind - NSE) - Impulse wave pattern

Nestle India Ltd (Nestleind - NSE) is in strong uptrend in all time frame as well as out-performer to Nifty index. It is now moving up in 3^rd internal of 3^rd wave up with relative high volume. In weekly time frame it in the 5^th internal of 3^rd wave of C cycle up. The invalidation level must hold to confirm the thesis.

ITC Ltd (ITC - NSE) - Impulse wave pattern

ITC Ltd (ITC - NSE) is ABC zigzag wave pattern in 60 min time frame. 5^th wave of C is completed so correction is under play. In weekly time frame it is in 5^th wave up, which is either impulse or diagonal structure. So if we consider it in impulse then in 60 min time frame, it is in 3^rd wave, where internal 1^st wave is over and correcting down for 2^nd wave. But if we consider the diagonal structure then 1^st wave as ABC over and 2^nd wave is in progress. In both scenario, price will go further up after correction. So watch the quality of correction to have clear idea about to next move up.

6/2/2020

Nifty50 (NSEI - NSE) - ABC wave pattern

Nifty50 (NSEI - NSE) is in 3^rd wave of C wave up, which is about to end soon. Wave A is the part of ABC pattern of Y wave up as shown in chart. In weekly time frame from 2009 low, price going up in impulse wave and currently wave 5 is in progress. In 60 time frame the up move is corrective, said zigzag kind of move, which suggest the ending diagonal move will be on the way to 5^th wave.

Banknifty (NSEBANK - NSE) - ABC wave pattern

Banknifty (NSEBANK - NSE) is in new up cycle from last higher low dated 22 May. The price has made impulse move up as A wave, which is about to end soon and then wave B correction will start moving down. In weekly time frame from 2009 major low, it is in ABC up cycle and price has completed its 4^th wave correction down of C wave up, means next wave will be 5^th up, which may be started, which confirm when price is moving above previous 4^th wave of C wave down as line of reversal.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Impulse wave pattern

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is extended 3^rd wave up from bottom in 60 min time frame. The price action is within up trending channel with overlapping swings, so it is hard to pinpoint the clear waves, so it is better to know invalidation point of impulse character instead wave count. In weekly time frame it is in 5^th wave up. (Refer chart update - 5/28/2020)

Axis Bank Ltd (Axisbank - NSE) - Updated EW count

Axis Bank Ltd (Axisbank - NSE) has completed 5^th wave of C at last higher bottom as truncationm, which only confirmed when price once moving up the reversal zone. In weekly time frame it completed impulse up move and now correction ABC down cycle is about to over then new up cycle will start, which might be ABC or impulse. (Refer chart update - 5/28/2020)

Bajaj Auto Ltd (Bajajauto - NSE) - ABC wave pattern

Bajaj Auto Ltd (Bajajauto - NSE) is in ABC zigzag wave pattern in 60 min time frame. Price is within B wave corrective was triangle. 1^st wave of C up started moving up and about to end soon, thereafter wave 2^nd will come down. (Refer chart update - 5/28/2020)

Bajaj Finance Ltd (Bajajfin - NSE) - New up cycle

Bajaj Finance Ltd (Bajajfin - NSE) has completed ABC down cycle and moved up above reversal zone, means new up cycle now started with relative high volume. It may be in 3^rd wave, but until the wave will be clear giving sign of what happened next, no trading opportunity there. In weekly time frame it completed impulse up wave at top and now correcting in WXY cycle. (Refer chart update - 5/28/2020)

Bharat Petroleum Corp Ltd (BPCL - NSE) - ABC wave pattern
Bharat Petroleum Corp Ltd (BPCL - NSE) is in ABC zigzag wave pattern and price is now in 3^rd internal of 3^rd of C wave up as shown in chart. It is extending move by subdividing in to smaller waves. This ABC is the part of correction in bigger time frame.(Refer chart update - 5/28/2020)

Bharti Airtel Ltd (Bhartiartl - NSE) - ABC wave pattern
Bharti Airtel Ltd (Bhartiartl - NSE) has completed ABC zigzag down correction as the part of WXY down side correction after completed its up cycle. It is now moving up in X wave as ABC wave pattern. It is now in down cycle, so bearish outlook continue on stock. (Refer chart update - 5/28/2020)

Britannia Industries Ltd (Britannia - NSE) - Impulse wave up

Britannia Industries Ltd (Britannia - NSE) is in 3^rd wave up of impulse in 60 min time frame, which is actually overall 5^th wave up in daily time frame. It is in 3^rd internal of 3^rd wave up. (Refer chart update - 5/28/2020)

Cipla Ltd (Cipla - NSE) - ABC wave pattern

Cipla Ltd (Cipla - NSE) is in ABC zigzag wave pattern in 60 min time frame, in which price is moving up in wave C as 3^rd wave up as subdivision. The move up is supported by huge volume. In weekly time frame, it completed down side WXY correction after impulse up over. (Refer chart update - 5/28/2020)

Eicher Motors Ltd (Eichermot - NSE) - Impulse wave pattern
Eicher Motors Ltd (Eichermot - NSE) is completed down impulse as C wave of daily time frame as truncated 5^th wave as shown in chart. After that it crosses up above reversal zone and confirmed new cycle started up, which is about to end with new high as impulse wave. (Refer chart update - 5/28/2020)

Gail Ltd (Gail - NSE) - ABC zigzag wave pattern

Gail Ltd (Gail - NSE) is in ABC zigzag and moving up in 3^rd wave of C up, which is zigzag and within channel and hard to exactly pin point the smaller wave, so wait till bigger correction, but its moving up as expected with larger volume. In weekly time frame it complete downside WXY wave. Now its started new up cycle. (Refer chart update - 5/28/2020)

HDFC Bank Ltd (Hdfcbank - NSE) - ABC flat wave pattern

HDFC Bank Ltd (Hdfcbank - NSE) is in ABC flat wave pattern and moving up in 3^rd wave of C, which is about to end if not further extends. (Refer chart update - 5/28/2020)

Hindalco Industries Ltd (Hindalco - NSE) - ABC zigzag wave pattern

Hindalco Industries Ltd (Hindalco - NSE) is in ABC zigzag wave pattern in 60 min time frame from major low and it is now in 1^st of C wave up with relative high volume, which is about to end with one more high. Wave 2^nd will be good entry for C up. (Refer chart update - 5/28/2020)

ICICI Bank Ltd (Icicibank - NSE) - WXY wave pattern

ICICI Bank Ltd (Icicibank - NSE) is in WXY pattern from low made in mid march in 60 min time frame. It is now in ABC sharp zigzag wave up as Y wave. A is about to end and B wave dip will be coming as good entry for C wave up. (Refer chart update - 5/28/2020)

5/28/2020

Infosys Ltd (Infy - NSE) - WXY wave pattern

Infosys Ltd (Infy - NSE) is in WXY complex corrective pattern moving in up in 60 min time frame. It is now in B wave down of Y degree as ABC wave. After B wave completion C wave will go upward. I thas completed flat down sequence in daily time frame as A wave in weekly and now moving up in B wave. Here Y in 60 min time frame may be divided in further wxy as double complex correction because W & X are simple ABC correction.

Indian Oil Corporation Ltd (IOC - NSE) - Impulse over

Indian Oil Corporation Ltd (IOC - NSE) has completed C wave down as impulse as shown in 60 min chart as the part of ABC sequence of Y wave in Daily time frame. In 60 min 5^th wave of C down was completed and price reversed and moving up now. But wait for confirmation as level of invalidation to cross above the level of 89.50, which is the part of new up trending cycle of intermediate degree.

5/27/2020

ICICI Bank Ltd (Icicibank - NSE) - WXY wave pattern

ICICI Bank Ltd (Icicibank - NSE) is in WXY pattern from low made in mid march in 60 min time frame. It has completed wave X in ABC sharp zigzag wave and now moving in Y wave up. Wait for clear wave structure to get in to trade. A huge volume added in X wave down, which can fueling the Y wave up. In weekly time frame it has completed impulse up and now correcting in ABC wave pattern.

Hindalco Industries Ltd (Hindalco - NSE) - ABC zigzag wave pattern

Hindalco Industries Ltd (Hindalco - NSE) is in ABC zigzag wave pattern in 60 min time frame from major low and it is now in 1^st of C wave up, which is about to end. In weekly time frame it in in choppy WXY wave pattern and completed downside correction. Wave 2^nd will be good entry for C up.

HDFC Bank Ltd (Hdfcbank - NSE) - ABC flat wave pattern

HDFC Bank Ltd (Hdfcbank - NSE) is in ABC flat wave pattern and moving up in 3^rd wave of C. In weekly time frame it looks in strong uptrend and outperforming Nifty. It may possible that it start new impulse from bottom in 60 min time frame but its early to say anything until we have any confirmation so better to mark as ABC up

Gail Ltd (Gail - NSE) - ABC zigzag wave pattern

Gail Ltd (Gail - NSE) is in ABC zigzag wave pattern in 60 min time frame from last bottom. Wave A was in leading diagonal, which means wave C will be going much higher. Wave B has completed in sharp and wave C is already moved up, which is in 2^nd wave and will over any time soon. In weekly time frame it complete downside WXY wave. Now its started new up cycle.

Eicher Motors Ltd (Eichermot - NSE) - Impulse wave pattern

Eicher Motors Ltd (Eichermot - NSE) is completed down impulse as C wave of daily time frame as short 5^th wave as shown in chart. In weekly time frame it has completed down ABC cycle correction after monthly impulse over two years ago. Now price is in up cycle against ABC down move. Wait for clear wave to decide what will happened next.

Cipla Ltd (Cipla - NSE) - ABC wave pattern

Cipla Ltd (Cipla - NSE) is in ABCzigzag wave pattern in 60 min time frame, in which price is moving up in wave C as 2^nd wave correction, which is about to over with one more dip. After 3^rd wave up of C will start. The move up is supported by huge volume. In weekly time frame, it completed down side WXY correction after impulse up over. It may possible to go up in another Impulse, but in early stage it is better to count ABC rather than impulse.

Britannia Industries Ltd (Britannia - NSE) - Impulse wave up

Britannia Industries Ltd (Britannia - NSE) is in 3^rd wave up of impulse 5^th wave up in daily time frame. It just started moving up in 3^rd of 3^rd wave up in 60 min time frame. In weekly time frame its a strong stock, which is most out-performer to Nifty and its price action upside was supported with huge volume. It should just stay above invalidation level.

Bharti Airtel Ltd (Bhartiartl - NSE) - ABC wave pattern

Bharti Airtel Ltd (Bhartiartl - NSE) is in ABC wave pattern as zigzag moving downside after completing c of y wave upside in daily time frame. It is in 4^th wave of c down in 30 min time frame with life time bigger volume, which indicates the end of temporary trend upside and in the C wave down it will probably fill the downside gap which created by 5^th wave. In weekly time frame its choppy and no need to count the waves.

Bharat Petroleum Corp Ltd (BPCL - NSE) - ABC wave pattern

Bharat Petroleum Corp Ltd (BPCL - NSE) is in ABC zigzag wave pattern and price is now in 3^rd internal of 3^rd of C wave up as shown in chart. This ABC is the part of correction in bigger time frame. In weekly time frame it completed Y wave on top of chart and now correcting in down sequence as WXY complex correction and price now in Y wave down as internal wxy.

Bajaj Finance Ltd (Bajajfin - NSE) - ABC wave pattern

Bajaj Finance Ltd (Bajajfin - NSE) is in ABC wave pattern from last top shown in chart. Wave B was triangle and c is going to form ending diagonal, which means next upmove will be sharp up. This ABC is the part of bigger WXY cycle,where W ends and X up wave will starts. In weekly time frame it completed impulse up wave at top and now correcting in WXY cycle.

Bajaj Auto Ltd (Bajajauto - NSE) - ABC wave pattern

Bajaj Auto Ltd (Bajajauto - NSE) is in ABC zigzag wave pattern in 60 min time frame. Price is within B wave corrective as triangle till it holds invalidation level. C wave once will be confirmed when triangle broken out upside. In weekly time frame, it was choppy in up move, but in down cycle it was ABC flat correction, which was over.

Axis Bank Ltd (Axisbank - NSE) - Impulse wave pattern

Axis Bank Ltd (Axisbank - NSE) is in C wave down in daily time frame and in 60 min time frame it is going down to 5^th wave of C. It is now in 4^th wave correction of 5^th of C, which is about to over with minor new high in 10 min time frame. In weekly time frame it completed impulse up move and now correction ABC down cycle is about to over then new up cycle will start, which might be ABC or impulse.

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Impulse wave pattern
Adani Port & Special Economic Zone Ltd (Adaniport - NSE) is in 4^th of 3^rd wave up from bottom in 60 min time frame. C leg down will start soon for 4^th wave after which it will again go up for final wave in 3^rd up. In weekly time frame it is in 5^th wave up. It is also out-performing Nifty index as a plus point to bullish side. The price action is within up trending channel with overlapping swings, so it is hard to pinpoint the clear waves, so it is better to know invalidation point of impulse character instead wave count.

5/22/2020

Cipla Ltd (CIPLA - India) - Updated EW count

Cipla Ltd (CIPLA - India) is in 5^th wave of 1^st wave of C up as shown in chart. After completing wave 1, wave 2 correction will be deeper.

ICICI Bank (ICBK - India) - Updated EW count
ICICI Bank (ICBK - India) is 5^th of 5^th wave which will be three wave in nature as the part of ending diagonal structure, which will strong change in trend as indicator.

5/19/2020

Cipla Ltd (CIPLA - India) - ABC zigzag pattern

Cipla Ltd (CIPLA - India) is in ABC from major bottom as shown chart. After strong A wave, price just giving B wave flat within upper 24% area. Now wave C is started with relative high volume & also break the resistant trend line, which go for next new high with high possibility, until invalidation area should not be breached.

CIPLA Weekly time frame shown in Log scale.