indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Markets > Futures & Options

Futures & Options Futures & Option Markets

DPonline
Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 05-08-2016, 07:15 PM
AbhishekHsingh AbhishekHsingh is offline
Regular
 
Join Date: Aug 2016
Posts: 26
Thanks: 0
Thanked 55 Times in 22 Posts
AbhishekHsingh is on a distinguished road
Default Elliottwave Analysis(Gold5thAug 2016) By Abhishek

1377.5 is the key level--from that top I have counted wave -1 & we are moving back to same level (current price-1367 $)...

Currently, there is sideways movement..if recent swing high@1371.5$ is taken out - Gold will travel close key level 1377$ - but make sure it should not go above 1377.5$ -otherwise its a violation of elliott wave rules...(2nd wave cannot retrace more than 1st wave)--Incase that happens --I will switch to alternate count as A?---B?(shown in blue)...Then also we will expect C? wave down once the rising trendline gets broken.

Trading Strategy 1-- Look for a push above 1371.5$ ---close to 1377.5$ but not above 1377.5$ otherwise alternate count gets active...

Trading Strategy 2-- Once Rising Trendline gets broken & Gold starts moving below 1355$---look for C-Wave Down or 3rd Wave....In both scenario--Gold will be bearish once going below 1355$....

Regards,
Abhishek H.Singh,CMT
Attached Images
File Type: png Gold(5th Aug2016).png (46.0 KB, 19 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 3 Users Say Thank You to AbhishekHsingh For This Useful Post:
  #2 (permalink)  
Old 08-08-2016, 04:23 PM
AbhishekHsingh AbhishekHsingh is offline
Regular
 
Join Date: Aug 2016
Posts: 26
Thanks: 0
Thanked 55 Times in 22 Posts
AbhishekHsingh is on a distinguished road
Default Gold--Bang On..(20$ Fall from 1355$ to 1335$)Started Melting

From Previous Update---"Gold--Looking to melt below 1355$"....Vow It crashed....Take the Baby MCX with You....Now we will look for a bounce 1340$ to the range of 1345--1350$ before falling again.


Regards,
Abhishek H.Singh,CMT
Attached Images
File Type: png Gold(4H-8th Aug 2016)--20$ Fall.png (49.6 KB, 15 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 4 Users Say Thank You to AbhishekHsingh For This Useful Post:
  #3 (permalink)  
Old 08-08-2016, 07:03 PM
saamuu's Avatar
saamuu saamuu is offline
indiTraders VIP
 
Join Date: Nov 2011
Location: india
Posts: 972
Thanks: 914
Thanked 2,173 Times in 791 Posts
saamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud ofsaamuu has much to be proud of
Default

Good Show ,Keep it up
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 2 Users Say Thank You to saamuu For This Useful Post:
  #4 (permalink)  
Old 08-08-2016, 09:20 PM
Shrees's Avatar
Shrees Shrees is offline
indiTraders VIP
 
Join Date: Mar 2009
Location: Dehradun
Posts: 5,619
Thanks: 22,476
Thanked 17,027 Times in 4,735 Posts
Shrees has a reputation beyond repute
Shrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond reputeShrees has a reputation beyond repute
Default

Love such charts.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 2 Users Say Thank You to Shrees For This Useful Post:
Reply

indiTraders - Forum for the Active Indian Trader > Markets > Futures & Options


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On


DPonline

All times are GMT +5.5. The time now is 07:21 AM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2