Thursday, April 30, 2020

Free 1-hour Course from Elliott Wave International

Hi,
Stuck at home with time to spare?

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Our friends at Elliott Wave International are offering a complimentary course on how to 1) spot an Elliott wave pattern on a price chart, and 2) develop a solid trading plan to take advantage of it.
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Sincerely,
Ashish Kyal, CMT
Founder
Waves Strategy Advisors

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EWI is the world's largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.

Wednesday, April 29, 2020

CNBC TV 18 – Bull’s Eye trade show won in chaotic times!

Overall Nifty 50 was moving in a lackluster manner with random gap ups and gap downs and false breakouts but still the power of stock selection using Elliott wave was the reason that I managed to win the trade show against other market veteran in last week in such a tricky market condition
Bulls Eye winner for Day 1, Day 2, Day 5 and entire week from 20th to 24th April 2020
It feels great to win the Trade show despite of such global events based volatile moves. Below are a few trades taken during the week with clear explanation
20th April 2020 trades: Stock tips – Sell: Tata power, PEL, Buy: Vmart retail, Whirlpool
Nifty had minor gap up opening and closed near important resistance near 9400 levels. So it was best to give 2 buy 2 sell as Nifty may break above its resistance or reverse. Tata power and PEL had charts almost identical to close with a bearish candle and weak Elliott wave pattern. Vmart Retail had witnessed positive close with biggest candle which confirm its direction on buy side. Whirlpool had formed a large bullish candle with a breakout of resistance hence it was given in buy.
21st April 2020 trades: Stock tips – Sell: SRT finance, JSW Steel, Century textile Buy: EID PARRY
Nifty witness a major gap down opening given the fact that it was likely to reverse from the resistance level. Since then I decided until it break decisively and sustain on highs its better to stay bearish until prices confirms. SRT finance and JSW Steel had been extremely weak and was supposed to start wave c lower. The sectors were also exhibiting negative trend. EID Parry was the counter trend and non-index stock which was unaffected with Nifty downtrend.
23rd April 2020 trades- Buy: AMARAJABAT, NIITLTD, Sell: RBL Bank, Century textile
Nifty had a positive start with a gap however the overall trend was range-bound so the strategy still remained to pick out the stocks and the sectors for buy side that are outperforming and short the underperforming stocks exhibiting wave c or wave iii lower. Like before Century Textile broke on downside post its consolidation and banking sector was negative so RBL bank was selected. NIIT ltd witnessed breakout on upside post its week long consolidation this is the reason I selected this stock.
24th April 2020 trades- Buy: GATEWAY DISTRIPARKS, LIBERTY SHOES Sell: PVR, Interglobe Aviation
Nifty continued to move in a broad range in form of a Flat corrective pattern. Selection on buy side was from midcap space as these stocks outperformed. PVR and Indigo has been falling and was about to start the wave C on downside and also time cycles were in sell.
The above strategy clearly highlights the fact that knowing the internal Elliott wave pattern of individual stocks along with Nifty direction is extremely important. Stock selection based on Moving averages, Channels, Elliott Wave, RSI indicator and much more is required.
The above simply shows power of Elliott wave, Neo wave and how one can trade successfully using these advanced concepts of Technical analysis.
Will you be interested in learning how I make it again and again?
Next Mentorship June 2020: I will be covering these important trade setups that is must in your trading plan in the upcoming Mentorship program. I will be assisting in the trades taken beyond the 3 months mentorship schedule as an on-going learning for any trader. How to enter and exit in disciplined fashion. Early bird offer ends on 10th May 2020. Know more here

Tuesday, April 28, 2020

Nifty Next Important Date as per Hurst’s TimeCycle

Hurst’s Time cycle is an important way of forecasting important lows for any index or stocks. Nifty has been following a very important Time cycle for many years that we have been using.
Look at the below daily chart of Nifty and see why we are not completely out of the wood atleast till the last week of May 2020.
Nifty daily chart (shown in monthly research report) on 8th April 2020:
technical analysis,elliott wave
Nifty Next Important Date as per Hurst’s TimeCycle
Happened:
technical analysis,elliott wave
Nifty Next Important Date as per Hurst’s TimeCycle
Hurst’s Time cycles:
Now let us understand a few concepts about Time cycles to see which are important dates based on it.
– Nifty has so far retraced mere 38.2% of the entire crash we have seen in the month of February to March 2020. This is taken from the point of completion of wave G till the low of 7511 which completed the first leg of fall.
– Post that prices have been moving in non – trending fashion but drifting higher.
– The top made at 11500 was forecasted weeks earlier that the same will not be taken out until end of May and that has paid off extremely well. This was mentioned in 1st week of March in the daily research. The basis of this is once the cycle lows are broken the top made should remain intact until the next cycle low date which is only by end of May.
– We are again entering into the cycle sell mode. However, prices are yet to confirm a negative reversal and post we break the important support levels the reversals can be very fast and quick.
– Probably it will coincide with partial opening of lockdown as we can see Nifty formed important lows post the lock down announcement and extension of the same.
– Markets tend to do things that majority do not expect and the pullback amidst all the pessimism is classic example of the same.
– As the lockdown relaxation happens many will start expecting markets to rally but we think the cycles will put pressure on prices.
In a nutshell, we are going to enter May and the famous Wallstreet Adage “Sell in May and Go Away” might become applicable again. We will turn bullish once the cycle lows are in place which kicks in only by end of May, but until then keep a close watch on support zone and if that gets broken get ready to ride the trend again!!! Any strong momentum above 9500 will indicate an alternative scenario but multiple negative divergences on RSI is not hinting any momentum buildup for now. Stay alert and not complacent as we enter into important dates of reversals!
Mentorship June 2020 – Next batch of Mentorship starts in June 2020 and I will ensure you become a disciplined trader following the important rules to make consistent profits in market. A Mentor ensures that the learning curve is reduces drastically for his mentees and they become a wonderful trader. Early bird ends on 10th May 2020. You can know more over here
Get access to daily and monthly research report and Future advisory calls which is going extremely well even in the current market scenario. Get access over here

Friday, April 24, 2020

Join for Why WTI crude turned negative, Gold and Nifty Rally

Nifty path ahead in coming week, are we nearing the turning juncture?

VIX has cooled off significantly but the market has moved up only in overlapping fashion. Are we going to resume the Bear trend - Join Live webinar today at 4 pm.

For Registration click here

For any queries contact us on +919920422202

Thursday, April 23, 2020

Nifty: Terminal Pattern and its Implication

Nifty, we are looking at the current up move as only a corrective drifting in the form of Ending Diagonal or Terminal pattern.
In Elliott wave theory, a wedge pattern is known as Ending diagonal pattern or terminal pattern and occurs either in wave C or wave 5. It is a type of formation in which trading activities are confined within converging straight lines which form a pattern. This pattern has a rising or falling slant pointing in the same direction. It differs from the triangle in the sense that both boundary lines either slope up or down.
The following is example of Ending diagonal pattern occurring in wave c (blue) Also post pattern implication suggest prices travel to the start of this pattern in 1/4th or 1/2 the time which we are seeing currently.
The below chart is picked up from daily equity research report – “The Financial Waves short term update”
Nifty hourly chart:
technical analysis,nifty
Nifty: Terminal Pattern and its Implication
Elliott Wave analysis: Following was mentioned on 23rd April 2020
Nifty is moving in lackluster fashion with prices finding support near the lower end of the Bollinger Bands and bouncing sharply from there. Index heavy weight Reliance Industries was up by more than 10% post the announcement of Facebook taking 9.99% stake in Reliance Jio for a whopping 43,574 cr. This is a huge deal and the stock prices reacted by closing more than 10% higher. This simply shows that index heavy weight can drive the entire index. Eventually the other stocks also participated. Reliance alone contributed nearly 100 points up move on Nifty itself. The overall breadth remains slightly positive during the day as the index gained steam during later part of the day.
Oil glut: Crude oil continues to remain worrisome as we can see even the May future contracts have continued to crash globally. MCX Crude is down another 30% in single day that indicates the oil glut. Majority are busy focusing on the fact that it is a storage issue but forgetting the bigger picture that there is absolute no demand across the globe. Even if economic activity starts post lock down it is going to be in phased manner which will surely not result into the demand picking up. Most interesting aspect is that the oil marketing companies like IOC, BPCL, HPCL has continued to be a major laggard despite of oil prices crashing. This simply shows there is absolutely no demand which has resulted into such a fall in global Crude prices and it is not a very promising signal. There is going to be major chaos in international markets due to Oil glut and it would not be surprising to see a possible global tension and war like situation eventually if oil prices do not pick up. It will be countries that will go bankrupt now and forget about individual companies. We saw crash in Crude in 2008 and this is again much bigger crash than that. This is the reason we have been comparing the recent fall across global market of the magnitude of 1987 and not that of 2008.
Now coming back to Nifty, we are looking at the current up move as only a corrective drifting in the form of Ending Diagonal or Terminal pattern. The fall of 21st April hinted that the same might be over but the deeper upside retracement and looking at Bank Nifty chart it seems that the Terminal pattern is still ongoing and the fall was only wave iv with wave v currently drifting prices higher. Now break below 8900 is required which will break the ii-iv trendline and indicate the down move is starting. Until that happens expect sideways action to continue within the broader range of …… levels.
In short, expect Nifty to move in a range for now and participation from broader market is going to be crucial. Keep a close watch on Crude as that will set the tone for next few months of global trend.
Isn’t it a thrilling experience to see markets moving amidst all the events exactly as per the rules and certain defined patterns? This is the power you can get when you learn about Neo wave which is advanced concepts of Elliott wave and do the forecasting yourself.
I am glad to announce the next batch of Mentorship that starts in June 2020 which cover all of the above methods in detailed. Know more here

Tuesday, April 21, 2020

Nifty Path Ahead, WTI negative, Time to be Alert Again

Year 2020 started with unprecedented movement across financial markets and everything is linked with ongoing Corona Virus pandemic. You will acknowledge the fact that the ongoing scenario is never seen anytime in the past.
WTI Crude Futures for May contract turned negative for the first time ever and touched nearly $-38, Yes it turned negative which means that someone taking delivery for WTI Crude will also get paid to the extend of $-38 per barrel. Astonished!
Collapse in WTI Crude prices clearly indicates Oil glut and the vulnerability of the global economic scenario. If the lock down is continued for a month or more there will be more people who will die due to economic depression than due to Coronavirus. We are in a precarious situation and there is nothing right or wrong in this scenario. It has to be weighed against the risk of what will be more fatal – economic downturn or CoroconaVirus.
Let us look at Nifty and path ahead based on what we have been showing in our daily research report – The Financial Waves Monthly update on 8th April 2020
Nifty daily chart as shown on 8th April 2020
technical analysis,nifty
Nifty Path Ahead, WTI negative, Time to be Alert Again
Nifty daily chart: Happened
technical analysis,trading
Nifty Path Ahead, WTI negative, Time to be Alert Again
Following was mentioned in the monthly research on 9th April 2020:
Nifty can move in a broad range and non trending fashion. On upside 9480 will be the key resistance and crossing of the same is required for any further short term positivity whereas move below …….. might challenge the ………. levels again. We are not out of the woods and we continue to dwell in Bear market territory much bigger than 2008! Move below ………. will start next round of selling towards …….. Until then enjoy the grinding in sideways trend… BANG ON!
Now see what was mentioned in the daily research report – The Financial Waves short term update on 8th April 2020
Nifty was trading near 8775 levels when following was mentioned – On the hourly chart we can see formation of an inverted head and shoulder pattern in progress, we have marked its neckline with a dotted red rising trend line. As per the wave perspective minor degree wave b within wave x completed near 8000 levels and price is now moving higher in the form of wave c on the upside. As wave b retraced more than 61.8% of wave a and also took more time to form than wave a, it confirms that a flat correction is unfolding as per advanced Elliott wave. We have shown 76.4% and 100% projection of wave a form the bottom of wave b which lie at 9067 and 9382 respectively which can be considered conservative targets on the upside for wave c as this zone also coincides with the upper channel line. BANG ON!
Happened: Nifty has moved in lock step fashion both as per the monthly research report and daily research update. We have been able to capture each of the swings so accurately. Nifty touched the high of 9390 on upside and reversed on downside in today’s session.
I am myself thrilled to see such precise movement during the eventful period and everyone is just too focussed on the news rather than Elliott wave patterns.
“The Financial Waves Monthly update” giving medium to long term outlook and “The Financial Waves short term update” giving overall outlook on short term trend which will give entire pattern as per Elliott wave. You cannot miss next big opportunity which looks to be just starting. Get your access now over here.
We had amazing session on Master of Waves and prices have behaved as per Terminal pattern discussed on 18-19th April 2020. With MOTA and MOW was welcome with great receptivity, I am glad to announce the next batch of Mentorship that starts in June 2020. Get ready for the excitement to see the path of markets before it happens. Know more here

Thursday, April 16, 2020

2 Days to See Trade Setup in Bear market

I have been talking about different methods to trade this ongoing Bear market.

The best has been so far is still Elliott wave, Neo waves. In my decades of experience I have come across many technical tools and still use them but unless there is confirmation from the wave pattern I just do not know how to trade.

This conviction is very important if you want to leverage with proper risk management ofcourse.

I am going to discuss each of these methods on 18-19 April and you will see its importance for yourself. 2 days to go.

I am excited to share my decades of experience – Are you in yet? Register here

For any query contact us on +919920422202

When will the Bear market End?

Hi there,

Join for Nifty - When will the Bear market End? by Ashish Kyal Trading Gurukul, live tomorrow 17th April at 4 pm, IST, Keep your queries ready! Limited participants will be allowed.

Register in advance for this meeting:
https://zoom.us/meeting/register/tJMqduiurj4qEtxpBd0GVtWmBFDL8dDtwq8m

After registering, you will receive a confirmation email containing information about joining the meeting.

For any query contact us on +919920422202


Wednesday, April 15, 2020

Nifty path ahead: Why Knowing Neowave is Must

Nifty has been rising since past two days which is against majority of expectations.
With the extension of lockdown announced everyone expected markets to start the downtrend but it continued to rise. From the lows of 7511 Nifty rose more than 1700 points despite that the news flow only got worst. This clearly highlights the fact that trading on basis of news can be disastrous. See yourself how by knowing Advanced Elliott wave – Neo wave one could have been able to capitalize the rise.
Look at the below chart of Nifty. The below research was published on 9th April 2020 in the morning daily research report – The Financial Waves short term update
Nifty hourly chart: (Anticipated as on 8th April 2020 morning before markets opened)
elliott wave,technical analysis
Nifty path ahead: Why Knowing Neowave is Must
Nifty hourly chart: (Happened as of now)
elliott wave,technical analysis
Nifty path ahead: Why Knowing Neowave is Must
Wave analysis:
On the hourly chart we can see formation of an inverted head and shoulder pattern in progress, we have marked its neckline with a dotted red rising trend line. As per the wave perspective minor degree wave b within wave x completed near 8000 levels and price is now moving higher in the form of wave c on the upside. As wave b retraced more than 61.8% of wave a and also took more time to form than wave a, it confirms that a flat correction is unfolding as per advanced Elliott wave. We have shown 76.4% and 100% projection of wave a form the bottom of wave b which lie at 9067 and 9382 respectively which can be considered conservative targets on the upside for wave c as this zone also coincides with the upper channel line.
In a nutshell, Nifty showed strong recovery to the upside in the previous session with broader participation. The short term trend is bullish. Use dips as buying opportunities for a move towards 9070 followed by 9380 as long as 8500 holds on the downside. BANG ON!
Happened: Nifty moved precisely as expected and crossed above the first target level of 9070 levels. It was at 8775 levels when we projected for more than 600 points of up move despite of all the pessimistic news flow. This shows the power of knowing advanced Elliott wave – Neo wave.
“The Financial Waves short term update” is published daily showing the way Nifty should move along with various stocks and clear Elliott wave pattern. Get access now
3 days to go – Learn the power of Neo wave and various advanced indicators and equip yourself with patterns in Online Master of Elliott Waves, Neo wave with Time cycles (MOW) happening on 18th and 19th April 2020. Hurry up! Only few seats left. 
To register Contact us here or call on +919920422202

Thursday, April 9, 2020

DivisLab Momentum and Multibagger stocks to Buy in Bear Market!

Nifty has been moving anywhere between 300 to 400 points on daily basis.

After touching lifetime highs of 12430 there was a collapse towards 7511 and now equally fast reversals are seen. During such times you might keep wondering that Corona Virus issue is only getting heated up but why so much of rally despite of all pessimism around. What everyone is forgetting the fact that markets are discounting the future and one is trying to analyse it looking at the current economic scenario.

The only way you can measure the sentiments objectively for forming trading or investment decision is by using Elliott wave patterns.

We generated buy call on Divis Lab on 7th April 2020 and it gave a return of more than 16% in just two days of time. This was under the Momentum services.

See below what did the chart suggests:
Divis LabMomentum call given on 7th April 2020


Happened on 9th April 2020


Elliott wave analysis:

We did not show this short term chart in the research but the overall medium term trend and the rationale for a buy above 2065 levels. Following was given

Buy Price – Buy above 2065

Investment – 5% of capital

Target price –2400

Partial Profit: 2170

Stop loss–1845

From the wave perspective wave (4) (blue) completed near 1600 levels just below the rising trend line. As price bounced from the trend line and consolidated in a range for few days, we only need confirmation that wave (5) had begun on the upside. A close above the 65 EMA in the previous session provided that confirmation hence we initiated a buy call on the stock.

In short, Divislab is moving in an impulsive rise with the Pharma index already supporting the rally. The long term targets are even higher but over the short term as per the internal wave counts 2400 is a target with a stop loss of 1845 which is a crucial support level.

Happened: The stock rallied by more than 16% in just two days . It simply shows power of Elliott wave patterns that we use for most of our research.

The above research clearly shows how one can capitalize the study of Elliott wave and ride the trend. We have been accurate to capture strong up moves in momentum stocks like JSW Steel, IBULLHSGFIN, and LICHSGFIN etc. All of those showed strong gains in short period of time. To know more about our next pick and to ride the trend in momentum stocks you can get access to our report “The Financial Waves Momentum Update”- Get access here

Equip yourself with the necessary tools required to ride this Bear market by learning about Elliott wave, Neo wave theory Online for the first time Ever, Register for this Most Advanced Technical Analysis Training now. Contact Us here or whatsapp at +919920422202

Wednesday, April 8, 2020

Nifty: Know Accurate target levels with Fibonacci Projection

Nifty has been moving amazingly well as per Neo wave (Advanced Elliott wave pattern). Also with the help of Fibonacci projection we were able to predict the levels and ride the up move.

Look at the below chart of Nifty. The below was shown in the morning daily research report – The Financial Waves short term update

Nifty hourly chart: (anticipated in morning on 08th April 2020)


Happened: (in morning on 08th April 2020 at 10 am)


Following was mentioned in the morning equity research report before markets opened

On the hourly chart we can see formation of an inverted head and shoulder pattern in progress, we have marked its neckline with a dotted red rising trend line. As per the wave perspective minor degree wave b within wave x completed near 8000 levels and price is now moving higher in the form of wave c on the upside. As wave b retraced more than 61.8% of wave a and also took more time to form than wave a, it confirms that a flat correction is unfolding as per advanced Elliott wave. We have shown 76.4% and 100% projection of wave a form the bottom of wave b which lie at 9067 and 9382 respectively which can be considered conservative targets on the upside for wave c as this zone also coincides with the upper channel line.
In a nutshell, Nifty showed strong recovery to the upside in the previous session with broader participation. The short term trend is bullish. Use dips as buying opportunities for a move towards 9070 followed by …… as long as 8500 holds on the downside. BANG ON

Happened: Nifty moved precisely as expected and moved sharply higher and achieved the target of 9070 in the second hour of the session itself. The intraday high made is at 9131.7 levels.

This is the power of Advanced Elliott wave. It is simply thrilling to see how precisely the entire trend is spanning out when majority is just focusing on news to derive their trades rather than charts when it is working with utmost precision as per the path shown in first chart.

“The Financial Waves short term update” is published daily showing the way Nifty should move. Get access now

Specific stocks have started showing upside momentum. During this market evaluating sector with individual structure is utmost important. We gave buy call on Divis Lab and booked the partial profits of more than 5%. Do not miss out such amazing trading opportunity. Subscribe to our Momentum service

Learn the power of Neo wave and various advanced indicators and equip yourself with patterns in Online Master of Elliott Waves, Neo wave with Time cycles (MOW). I will ensure you stop following the news and start trading the charts because this is what is required to be successful. Know more here

Tuesday, April 7, 2020

Nifty Important Reversal Dates with Elliott Wave, Is Low in Place!

Nifty has been on a roller coaster ride with sharp movement on either direction. We can see a sharp decline in second half of last week is only followed by equally fast reversals on upside.
Such moves for advanced Elliott wave or Neo wave practitioner is not a surprise but rather it gives amazing opportunity to trade if only he or she knows when the reversal is going to happen.
Now look at the below chart of Nifty that mentions important reversal dates. By combining these time reversal areas along with studies of Neo wave and Ichimoku Cloud you can probably make some amazing returns. But always understand trading is more of a mind game and is always associated with risk. If one is aware about managing risk than there is high probability to make above average returns. Anyone who claims to be 100% sure is definitely going to be 100% wrong. So understand this is game of probability and one should pull the trigger when the odds are in favour.
Let us see at Nifty chart with a few reversal dates
Nifty 15 minutes chart:

Important Dates for Nifty:
Look at the important dates marked on the chart for Nifty. Each of these dates have marked a positive move on upside. Those are not randomly selected at the lows. Infact, if you observe closely the date of 25th March was a higher low.
If one is aware of such dates it gives amazing insight into the trading paradigm. Everyone is too occupied looking at the news or events and deriving their viewpoint on markets. I wish if only market moved on basis of news or events everyone would be easily making a killing.
But trust me it takes a lot more for trading the markets. It does not move randomly but in cyclical pattern and formation.
So what is next from here? We are approaching another such date what to expect from here on?
Get access to the daily morning equity research “The Financial Waves short term update” and see it yourself. Do not want to spend time on understanding the cycles directly subscribe for Nifty / Bank Nifty calls/ stock advisory or momentum calls over here
Learn yourself the art of stock selection from momentum trading to investment and trade with the volatility in your favour. For the first time ever Online class on Advanced Elliott wave, Neo wave and Time cycles scheduled on 18th – 19th April 2020. Only limited registrations allowed as we have received overwhelming response. Contact Neha on +919920422202 or simply Register here

Friday, April 3, 2020

Trading Markets and Spirituality See why it is important to have a meditative mind for trading effectively.





#Trade markets with a #Meditative mind. In this webinar see a simple practice that can increase your #trading accuracy drastically.
Register for
#Elliottwave, #Neowave, Hurst's #TimeCycles (Online). Early bird ends on 5th April. Register here - https://www.wavesstrategy.com/technic...

or Contact on +919920422202


Wednesday, April 1, 2020

Nifty Trading using Hurst’s Time Cycles and Options

Nifty and broader market have collapsed in the month of March. Prices formed a strong bearish monthly candle having a high near 11433 and low at 7511.
In March, Nifty collapsed by 3922 points. This is a huge fall of more than 34% and biggest decline in terms of price point Nifty has historically seen. It clearly indicates that the bigger cycles have turned negative that resulted into such sharp declines.
We combine Hurst’s Time cycles along with advanced Elliott wave – Neo wave methods to understand the trend of markets and deriving trades and investment decisions.
Now look at the below chart which was published in the monthly research report that showed well in advance that the entire market has topped out and the level of 11400 will not be taken out until the next cycle low is in place.
Now with this information you can form some amazing strategy on Options. Everyone is too busy learning Option strategies but without understanding how markets are going to behave the entire learning is a complete waste. The only tools that can give you such forecasting ability is Elliott wave and Time cycles.
Nifty daily chart showed on 11 th March in monthly research report
trading,nifty,elliott wave
Nifty Trading using Hurst’s Time Cycles and Options
Nifty daily chart – Happened
trading,nifty,technical analysis
Nifty Trading using Hurst’s Time Cycles and Options
Following was mentioned on 11 th March in monthly research report – The Financial Waves Monthly update –
Bear markets are associated with equally fast reversals and dramatic short squeeze. Do not be surprised to see that happening but as of now there is no price confirmation. Infact, we have not seen a close above the prior day’s high for consecutive 12 days. Only a close above prior high will indicate a pause in the downtrend and we will hint it in the short term research report.
In a nutshell, we are witnessing collapse in global equity markets followed by Crude which was very typical to that of 2008. Also the magnitude of selloff is similar to how it started during that period of time. Media will keep sensationalizing about Corona Virus because that is what everyone wants to hear about even when more deaths are witnessed due to other respiratory disease which is way beyond being witnessed through Corona virus. And for major Government and Central banks it is the easiest way to escape from taking responsibility of the financial bomb created over a decade with easy liquidity and Quantitative easing. Everything is only imploding now and it will continue eventually. Short term pullbacks are not ruled out which will be again attributed to receding fear of Corona virus but when the 3rd leg of correction starts without any events majority will come to the point of recognition that global financial and economic markets are indeed headed for the worst’s times seen in over a decade! Be prepared to embrace the crash and equally sharp reversals but that will be only temporary retracements in a BIG BEAR market which has only started!!!
Happened: It takes guts and courage to come out so bold and strong about the Bear market. We published an interim update after that as well citing the magnitude of fall with downside targets for this Bear market. All of this is possible only by knowing Elliott wave, Neo wave and Time cycles.
Option Trading: With this information an Option writer would have known that 11500 was the level to be protected for months and so can safely write the Call options of the prudent strike price. Also they knew writing Put options will be disastrous but to use pullbacks to rather buy Puts even though it was expensive and write Calls as well.
You can get access to “The Financial Waves Monthly update” over here
Attend the Most Advanced Training on Elliott wave, Neo wave and Hurst’s Time cycles which are must tool that anyone trading in Options should know. Any strategy will be applicable only if market forecasting ability is strong. It is Online for the first time ever on 18 th – 19 th April 2020. Early Bird ends in 4 days on 5 th April. Act now and joyfully trade the market – Know more here