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EWT – Gail is Going To Break 2021’s High

Posted: 10 Jan 2022 05:56 AM PST

Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.

Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high.

The traders can expect the following targets 149-156-170+ for impulsive wave ((5)).

Only premium subscribers can have an invalidation point of this trade.

Wave Formations:

Wave ((1)) started to form an extreme low at 65.
– Leading diagonal

Wave ((2)) has retraced 0.618% of wave ((1)).
– Zigzag correction

Wave ((3)) has extended 2.618% of wave ((1)).
– Five wave impulse

Wave ((4)) has retraced 0.5% of wave ((3))
– Extended wave 5

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The post EWT – Gail is Going To Break 2021’s High appeared first on Moneymunch.

Nifty FUT Trade Setup For Premium Subscribers

Posted: 09 Jan 2022 06:07 PM PST

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The post Nifty FUT Trade Setup For Premium Subscribers appeared first on Moneymunch.

Is Silver(XAGUSD) Ready For Trend Change?

Posted: 09 Jan 2022 06:09 AM PST

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

Price Action Perspective:

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

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

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

Elliott Perspective:

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

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

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The post Is Silver(XAGUSD) Ready For Trend Change? appeared first on Moneymunch.

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

Posted: 09 Jan 2022 04:12 AM PST

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

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

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

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

Calculation of wave E:

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

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

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

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

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The post Will Gold (XAUUSD) Reach $2050 Before December 2022? appeared first on Moneymunch.