Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label Sensex. Show all posts
Showing posts with label Sensex. Show all posts

Sunday, December 2, 2012

Asian Markets ASX, HSI, SET100, NIK-225, KOSPI, SENSEX

I have decided to open the Asian forums for the rest of December. Although i never actually offered a service on these markets, they were provided for members as an "add on" to full members (only full members have access). They were generally requests from members.

I tend to update them when something has either negated the idea, or if a market is nearing a suspected conclusion.

Its built up now to around 6 markets from the Asian area.

Markets included are: ASX, HSI, SET100, NIK-225, KOSPI, SENSEX

They are not updated that regularly, as mentioned i don't offer a service for updating these markets on a regular basis (there does not appear to be enough interest), they are generally for swing traders as most of my clients are from the US and European countries so i focus on those markets from the US and Europe.


But i do occasional requests on stocks or other markets if a member requests it.


Click here: http://www.wavepatterntraders.com/forum/59-asian-australian-stock-markets/

Enjoy!!

Any questions you can contact me via Twitter or email to: enquires@wavepatterntraders.com 

Thursday, September 27, 2012

Elliott Wave Analysis of Sensex

With the upside move above key resistance it appears that this market has morphed into a potential complex pattern, although confirmation of a breakdown will not come until back under 17256, with the fibbo targets now hit for a potential high, its time to be watching this market for a potential breakdown

As the advance still looks corrective, but the bulls are still currently in charge, a reversal around the 19000 area is the target zone, but this has hit the edge of the target area already, so caution is required for the bulls


Sunday, August 19, 2012

Elliott Wave Analysis of SENSEX



The SENSEX is now coming into areas of interest and i think the bulls need to be on guard as a potential reversal could be near.

We know that this market follows the AUDUSD and HG markets closely and potentially both NG and AUUSD could be close to a move lower, its something i am tracking on those 2 markets for members, although i don't track the SENSEX nor the other Indian markets, i keep an interest in other markets so see if they offer a clue


Thursday, July 26, 2012

Elliott Wave Analysis of SENSEX






Following on from my last update, the SENSEX indeed has dropped lower as i suspected it would, but now we have reached a a critical place if the decline is a 3 wave ABC move, we should be setting up for a strong reversal and potentially still inside the larger triangle idea and in wave C

If this is actually involved in a bearish 12 12, then its about to start a huge waterfall downside more in a potential 3rd of a 3rd

Or push lower for wave D of the triangle and target around 16000

Friday, July 13, 2012

Elliott Wave Analysis of SENSEX







This past week we have seen some major developments in this market, a weekly outside reversal, and a 5 wave decline


With the decline nearing the end to a suspected 5 wave decline, the stage should be setup for a move higher to correct the decline in 3 waves, and around 17400-17450 would be a good spot.

Taking that information suggests an important high is likely in place and the SENSEX should head lower

Saturday, June 16, 2012

Elliott Wave Analysis of SENSEX



I was asked to have a look at this market.

Firstly i dont have much prior experience watching this market, so i dont know how it moves, but this is an opinion based on what i see

There is 2 ways to look at this, because of the advance from the 2008 lows into the 2010 highs being a 3 wave rally if could be a large X or B wave of a triangle

Idea 1 suggests that the market needs to come back to test the 2008 crash lows and a final target to around 7000

Idea 2 suggests lower but it could be a 3 wave decline and wave C of a larger multi-year triangle. This option i suspect is the better of the 2

However both options are based on the idea of price remaining under the red line at 18451

So it seems Indian traders have some nasty price action ahead whilst price remains under 18451

It looks like the SENSEX follows HG and AUDUSD so it pays to track HG and AUDUSD if you trade Indian markets