It is
amazing to identify patterns, be it advanced Elliott waves or simple patterns.
It helps to generate good returns. Below is the research which has helped our
client to make good profits in few days based on Elliott wave pattern.
Following
is a gist of the research published on 9th May 2018
Wave Analysis:
As shown on
daily chart, 50 day EMA continues to provide good resistance area and prices
are maintaining resistance near these levels; a decisive break above the same
will drive prices higher towards 24800 as long as 23500 is intact on the
downside. Currently, wave (f) is on-going of a diametric pattern. in terms of internal
counts wave (f) is going through Triangle
pattern, minor wave d completed on the upside around 24800 which will
now act as important resistance levels; and Wave b (red) of e is ongoing an
important resistance placed at 24500 levels. Post the completion of the same
next leg on upside should start!
DJIA Daily chart: :( As on 22th May
2018)
Wave Analysis:
As shown on daily
chart, post making a low in form of wave e prices witnessed an up move towards
higher level giving a decisive break above b-d trendline which confirmed that
wave (f) has completed on downside and next leg in form of wave (g) has started
on upside. As of now wave a of (g) might have completed on the upside at 25000
price levels and we are currently seeing consolidation in the form of wave b.
Post a break of this range bound action the upward movement should continue for
DJIA and we expect prices to reach higher levels of …..
In short,
trend for DJIA is positive and break above high at 24800 can drive prices
higher towards …..
The above
research shows that when you combine the various technical analyses it
increases your probability of going with the trend. To know what the next move
will be subscribe to our Global report under the name of “The Global Waves STU” which
also consist of EURUSD, Comex Gold and Comex Silver.
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