Most Advanced Technical analysis Training on Elliott wave, Neo wave and Hurst's Time cycles- Identifying trading opportunities with various indicators

Elliott Wave, Neo Wave and Time Cycles are one of the most advanced concepts of technical analysis.

Equity markets have continued to move in complex patterns. 2016 was a year of consolidation as Nifty settled in December 2016 where it started the year. However, during this period there were plenty of opportunities as prices moved all the way from 6825 to the highs of 8970 and back towards 7900 in December 2016. So there were huge swings that one could have capitalized provided he or she had the right tools to understand the market movement.

Trust me trading involves combination of skills across Technical analysis, Risk Management, Money management and Mental strength - Psychology. I will be sharing across my personal experiences involving pitfalls a trader should be aware of and belief in the methods or techniques that helped me to be against the crowd at important turning junctures which was responsible to pay off for all the hard work and efforts.

Many believe that keeping it simple is the key to trading success but only if markets were moving in a strong Bull or Bear trend where buying on dips or selling on rallies is the brilliant strategy. 

However, when we are witnessing huge swings but hardly any progress in either direction on net basis learning advanced methods is utmost important. It is during such phases I built up my expertise on Elliott wave, Neo wave and later timing the trade with the help of Hurst’s Time cycles.

Time is the essence for everything. It is applicable not only to our day to day life but for freely traded markets as well. A good trade setup if not timed properly can still result into a serious loss. There are very few technical analysis studies that focus on Time since most of the techniques are driven by Price alone!

The course is designed to aim at the following aspects of trading:

1. Best Trade setups to enter the market

2. How to make the most of the position by timing the exit

3. Know when not to trade – A key to trading success

4. Applying multiple techniques along with Elliott wave for high conviction trade setups

5. Time cycles – A very important element to help reduce the number of probable scenarios to nearly one!

6. How to keep the profits intact after a winning streak…

Ashish Kyal, CMT will be conducting Most Advanced Technical Analysis Training – Neo wave and Time Cycles in Mumbai on 18^th – 19^th March 2017.

About Trainer:

Ashish carries vast experience of analyzing World Equity, Currency and Commodity markets using techniques like Elliott Waves, Neo wave,Time Cycles, and momentum tools like RSI, MACD, Moving averages, customized indicators. He is a frequent speaker on business channels like ET Now, Zee Business, CNBC TV18, Bloomberg TV.

Ashish also speaks at financial seminars like Market Technicians Association (MTA - USA), Association of Technical Market Analysts (ATMA), National Institute of Bank Management (NIBM), Sydenham Management college. He is on the selection panel of GDPI for premiere B- Schools and invited by Somaiya Institute of Management Studies and Research to speak on Entrepreneurship. He has also been invited as a guest speaker at National Stock Exchange of India (NSE) for the Post Graduate Certificate Program in Financial Economics.

Training Details:

This training would cover Advanced Technical Analysis Concepts – Elliott Wave, Neo Wave and Time Cycles. Practical application of these advanced tools along with charts on Equity, Commodity, Forex and Global Markets.

Contents:

1. Overview of Elliott Wave

2. Neo Wave – Difference between Elliott wave and Neo wave

3. Methods to plot Neo waves on charts for clear wave identification

4. Combining this with Bar techniques, Indicators, Trader psychology

3. Two stage confirmations for capturing key reversals

4. 5. Newly discovered patterns – Diametric, Extracting Triangle, Neutral Triangle

7. Cycle Analysis: Time the market with accuracy using Time cycles

8. Trade setups, Application of the concepts on charts

9. Momentum Stock selection for Intraday trades with exit strategies

SCOPE

The training is ideal for those who want to analyze and understand Equity / Commodity / Forex markets in detail. Traders or investors who want to learn on how to build their investment portfolios or do trading for living. The course is designed for anyone and everyone keen to learn systematic way of trading using scientific approach. The only pre-requisite is passion for learning objective method of trading.

WHO SHOULD ATTEND?

§ Members of Equity, Commodity, Currency exchanges

§ Brokers / Traders / Dealers

§ Research analysts in Equity, Commodity and Currency markets

§ Students who aspire to pursue career in Financial Markets

§ Treasury dealers of Banks and Corporate

Where and when is the course?

The training is at Hotel Grand Sarovar Premiere, Goregoan, Mumbai. This belongs to 5 star category having chain of international hotels and the fees are including Tea / Coffee and Lunch.

Dates: 18^th and 19^th March 2017

Training Duration: 16 hours (8 hours per day)

Registration Fee:

The charges for the Training are Rs. 23000 + 15% Service tax. Register before 31^st January 2017 to avail Early Bird Offer – Discounted price along with access to Free research for limited time, Elliott wave crash course videos before the training itself. Confirm your seat today!

If registered after 31^st January 2017 charges would be Rs. 26000 +15% Service tax

Limited seats, Registration is on first come first basis.

Refer a friend and get 10% discount

After the course :

1. One Month of free Nifty Neo wave research report to understand the practical application on realtime basis

2. Instant interaction on Discussion Forum at www.wavesstrategy.com

3. All participants will be entitled for 20% Discount on any of our research products after the course for 1 month subscription

4. Training Certificate on Elliott wave, Neo wave and Time cycles

How to Enroll?

To register for the training using either Credit Card or Netbanking visit http://www.wavesstrategy.com/Payment.aspx  and mention Product as “Neo wave Training” and period as “1”

For any other details call us on +91 22 28831358 / +91 9920422202 or write to us at helpdesk@wavesstrategy.com      

Testimonials    

• I was the last candidate getting into Mr. Ashish Kyal webinar and I was very lucky to have boarded to me as his classes were how my first teacher taught me a b c d he was clear precise and ensured that even a layman like me understood every minute thing about being technical and about the wave patterns. He covered what could be termed at school a dry subject with so much of passion and created an auto instinct in students like me to be glued to what was an absolute transformation of how we look at charts. In fact I have become a fan of my guru and will be part of his journey here on ... Continue your good work. You are very genuine in what you are doing in this world of fake people My name is Subramanian Mahalingam My qualification is I am BCOM, ACA Grad, CWA and Masters in Oracle Financials I am CFO of an Infra company and group with topline of 1000 cr.

       - Subramanian Mahalingam, Telengana

• The simplification of complex subject of "Elliot Waves" and combination of Elliot Waves with Classical Technical Tools are not only Awesome, but Unique too. I've thoroughly enjoyed Mr. Kyal's Seminar at Sarovar Premier Hotel, Bombay during 13th & 14th October, 2013 because of his Flawless, Plain (Jargon free) and Lucid Language. Best of all I liked his virtue to teach what he really performs in his real professional life.And last, but not least, Mr. Kyal's Seminar was the Best of All Seminars I've ever attended

       - Kiran Banjara, KB Investment Avenues, Ahmadabad-GJ 

• Myself Sameer. Just want to share my feedback. From last 7 years, I am doing full-time trading in F&O segment (Nifty & Bank Nifty) using my technical study and Elliot wave counting. I attended 2 days Neo Wave seminar on 1st March at Goregaon. The session and teaching by Mr. Ashish Kyal was excellent. The topics covered in session e.g. new Neo wave patterns, new Elliott rules, 2 stage confirmation and Time Cycles were very useful. Today I applied these techniques on Nifty and Bank Nifty (Daily & 60 Min charts) and its working perfectly fine. I am very much satisfied with the course. Just want to say Thank You for sharing such valuable knowledge. I have also subscribed for your daily mail service on Nifty EOD and Elliott view. From last 3 months, I am reading these mails daily. I always verify my own analysis with your mails, before taking any entry in market. The accuracy and success ratio of your mails (analysis) is more than 98%, which is excellent. Thanks again.

      - Sameer Dharaskar,Mumbai

Bank Nifty: Time cycles working precisely for many years! Will it work again?

Time cycles are important concept that we combine along with Elliott wave / Neo wave to get high conviction trade setups which help us to be against the crowd at major turning juncture.

Year 2015 has not been good for Indian Equity markets and especially for Banking stocks that have drastically underperformed. This year will be marked as the year of correction.

The fall on Nifty has been similar to that of the fall of 2011 which was mentioned in previous article along with detailed research given in previous week’s daily research report.

Bank Nifty daily chart with Time cycles:

The above daily chart of Bank Nifty shows that prices have been moving in downward correction since January 2015. This index topped out before Nifty and both indices continued to move lower. However, recently Nifty came very close to its low made on September 2015 near 7545 whereas Bank Nifty has continued to stay at much higher levels compared to its low made in September 2015. This indicates outperformance of Banking index which has been providing leading indications.

Time Cycles: have been working very accurately for past many years on Bank Nifty. This important cycle is now again due and given the outperformance of Banking index there is high likelihood we are close to the important lows.

Neo wave:  Diametric pattern is one of the most important patterns described as per advanced Elliott wave concept – Neo wave and the entire correction since the high of January 2015 might have formed a Diametric pattern. For accurately timing it is prudent to look at the internal structure of this pattern along with key resistance levels that should be broken for strong positive confirmation.

As this is free article section we will not be able to indulge into detailed Elliott / Neowave counts and key levels that will confirm strong positive reversal.

To get insight into why we are now near very important juncture and slowly steadily what is the outperformance of Banking index indicating subscribe NOW to “The Financial Waves short term update” and to build your long term portfolio of stocks get access to the Monthly research report providing a complete tool for anyone to be able to capture the areas of key reversal for trading or investment perspective!

Attend the most Advanced Training on Time cycles and Neo wave for trading to creating long term investment portfolios. For more details Contact Us

Visit Pricing page for subscription and avail 30% discount on annual payment.

Nifty: Head & Shoulder pattern breakdown with Elliott wave, Global carnage – A BEAR TREND!

Below charts of Nifty clearly shows why we have been constantly warning about the ongoing distribution pattern and downside breakdown!

In “The Financial Waves short term update” we published the following on the morning of 21^st August 2015 - “Nifty has been moving exactly as expected and decisively broke the first support at 8425. Now move below 8338 will result into faster retracement of last rising segment thereby providing 2^nd stage negative confirmation that medium term downtrend has resumed. Avoid catching a low as the trend can be sharp and volatility can be high!” BANG ON!

Below charts of Nifty clearly shows why we have been constantly warning about the ongoing distribution pattern and downside breakdown!

Nifty 60 mins chart: Anticipated on 21^st August

Nifty 60 mins chart: Anticipated on 22^nd August

Happened: as of today at 12.30 pm

Following is a gist of update mentioned in today’s morning research report following was mentioned:

“Nifty moved exactly as expected. Prices had a strong Gap down opening on Friday’s trading session and broke the level of 8338 decisively in the first hour itself. At one point of time Nifty was down by more than 140 points however there was minor pullback which was in sync with our expectations as shown on Nifty hourly chart. A breakout from the pattern usually results into retest of neckline which we can see in the above charts. Majority of sectors except the defensive space closed negative and the pressure was seen in Midcap and Smallcap indices as well.

On a weekly basis, prices have taken out the low of prior 6 bars and formed strong bearish bar.  So now as long as we do not see close above prior week’s high which is at 8530 medium term trend will remain negative.

… US –DJIA has shown strong selling pressure after months long of distribution. If the trend in Global markets is indeed reversing then we will start seeing synchronization across the asset classes. Evencurrency – INR has started depreciating sharply against other major currency pairs. The commodity crisis looks to be finally spreading across the world equity markets. We mentioned months before how sharp fall in commodities over short period of time is not good even for country like India as it results into protectionism by commodity producing countries indirectly impacting other Emerging markets.

As shown on hourly chart, the distribution pattern looks like Head & Shoulder at the top with neckline near 8338 stands broken. The downside target as per this pattern is at 8010 which is also near the range of 1.618 * wave a. So the zone of 8010 to 8050 looks crucial. (prices have decisively breached below this level as well and made a low near 7940)

Existing short positions should continue to follow trailing stop method and lower it towards............. In short, ………”

Following was mentioned on 20^th August morning research report “In a nutshell, a trending move is now due to emerge. Time cycles and various techniques are suggesting towards downside breakout. However, price confirmation will be only on close below 8425 followed by 8338. Stay alert as Nifty can come out of Hibernation very soon!”

Nifty fell drastically with a huge Gap down opening… We have prudently mentioned in our daily research report few days back that break of 8425 followed by 8338 will reverse the medium term trend on downside. Prices have now corrected by more than 400 points in just 2 days of time!

This is not the time to simply relish the unrealized gains but to ensure and follow the action very closely to get the most out of the trend… It is therefore important to understand the Elliott wave structure along with other tools like Time cycles to find out how big this trend can emerge into?

Subscribe NOW to the “The Financial Waves short term update” and get scientific & objective ways of looking at market. Avoid following the news that is lagging the market movement. These are interesting times and fall of such magnitude was previously seen only in 2008!

We are offering you this subscription so that you also enjoy the ride and alerts for 30 days before the markets starts and even before the crowd starts reacting. To know what is next - Subscribe by visiting www.wavesstrategy.com or Pricing page. For more details Contact US

Power of Time cycles to predict Neo wave pattern along with Channels!

The below research highlights the power of Time cycles applied along with important concepts of Neo wave – Elliott wave and Channels.

The headline might look complicated with many advanced studies of technical analysis combined together but at times when market is moving in complex patterns it is necessary to take a step forward and understand these techniques. Nifty and Sensex moved down by nearly 2% so far in today’s trading session which might be now logically attributed to the cracking Shanghai – Chinese index and Greek debt crisis. However, it cannot be mere coincidence that the reversal in Nifty has happened exactly near the channel resistance, post 49 days of topping Time cycle and expected Neo wave pattern outcome. Irrespective of the news these techniques warned about the maturity of recent up move…

Now look at the below chart to see what I mean by the above technical tools:

Nifty daily chart:

Over past few days we have been mentioning the following in our daily research report “The Financial Waves short term update” –

China stock index - Shanghai Composite has been in news given very sharp down move in last week which indicates that an important short term top for few months is formed in that market. However, over long run the rise before this fall in Shanghai composite has been impulsive in nature which suggest that the long term trend for China is on upside and we are witnessing only a correction to the up move from 2000 to 5200 levels. We are not looking a bust of a bubble but just a rhythmic correction of the impulsive rise which is part of any economic cycle. However, over short term the correction can spread across to the neighboring countries as well.

As shown in daily chart, after witnessing the 8 days of up move from 7940 to 8420, prices are consolidating from last 3 trading sessions. The current zone is intersection of two channels along with 200 days Moving average with 49 days Time cycle. This is an inflexion point and a decisive break below 8250 will reverse the trend back towards sub ………… mark.

Given the series of resistances at current levels and failure of prices to cross above 8470 so far indicates that the up move is in matured stage and one should not be surprised to see reversal from this key area.

In short, there can be a Gap down opening today which will happen from the 49 days Time cycle along with series of channel intersection that we have been highlighting over past few days. A sustainable Gap down move will resume downtrend towards sub …….. levels! Such Gapping action is the reason why we have stayed cautious during the current uptrend which is without any accumulation or base formation. The euphoria that many have been talking about for move above 9500++ levels will now subside equally fast!

Here is your chance to learn each of the above mentioned techniques and trade using scientific and systematic methods. Trading is all about probability and there are only a few number of times when majority of technical indicators are aligned together pointing at the same direction. Attend the two days of Training Seminar on “Neo wave – Advanced Elliott wave along with Time cycles – Best trade setups” to be held on 11^th and 12^th of July. This can be one of the best investments you can make during such challenging market environment. To register for this event contact us at +91 22 28831358 / +91 9920422202 or write to us at helpdesk@wavesstrategy.com Along with this get one month of Neo wave research report absolutely FREE to see how we are practically applying the techniques learned. Also get after training support by posting your queries and charts directly on our Discussion Forum to gain expertise.

Nifty path ahead: Time cycles & Neo wave

Bottom Line: Nifty continued to move in trendless fashion with no clear direction. Positive move expected today after strong up close on DJIA!

Nifty daily chart:

Nifty 60 mins chart: 

 

 

Wave Analysis:

In previous update we mentioned that “In short, one should trade cautiously during non – trending market environment and the current scenario looks more prone to selling on rallies and buying on dips rather than selling on break of support levels.”

Nifty traded in red territory for most part of the day within a range of 8747 and 8664 levels. Prices failed to show a close above the hourly Bollinger Bands which we cited as important for resumption of uptrend. Also so far the level of 8750 is also protected which is the short term trendline resistance. A strong Gap up opening above this level which is sustained for an hour will indicate positivity.

54 days Time cycle: This time cycle is different than the 49 days topping time cycle that we use to identify important tops whereas 54 days cycle shown on daily chart is a bottoming cycle. This cycle is in close approximation to Hurst Nominal cycle of 56 days and we can see important lows near this cycle. This cycle is in its 48 days and a low should be formed within 4 to 6 days, which means that we can see an up push up for 2 to 3 days but then a down move near cycle low before the uptrend resumes as shown on daily chart.

Identifying pattern using cycles:We combine cycles in a different way to help us identify Neo wave patterns. As per cycle theory we should start wave g of diametric pattern after f is complete which will last for around 4 days. This wave g can also be in sideways correction which is currently ongoing and prices will not cross 8850. From basic Elliott wave perspective we are currently in second standard correction which looks complete and now another x wave can form on upside.

On one bigger degree, as shown on daily chart, prices have shown contracting behavior and is now moving in expanding pattern. This is again a 7 legged Diametric pattern with currently f leg under formation. Post completion of f leg a final g leg on upside should come that will retrace nearly 80% of the recent fall from 9119. Again, Diametric is 7 legged pattern with each legs corrective in nature. This pattern is therefore difficult to trade as there is lack of momentum even after breakdown of crucial supports or resistance.

In short, we can expect Nifty to move as per the path shown on the daily chart by combination of Time cycles and Advanced Elliott – Neo wave patterns. It will be crucial to observe if a Gap up opening is sustained by closing. We are now monitoring the short term structure very closely in case there is any deviation from the path!

For research reports subscription on Nifty and stocks using Elliott wave, Time Cycles and various technical indicators visit www.wavesstrategy.com. Receive these daily research reports on email or access it directly from website. Contact us at helpdesk@wavesstrategy.com or on +91 22 28831358 / +91 9920422202 for more information. 

Nifty continue to trade in sideways action but near important channel and Bollinger Bands ®

Bottom Line: Prices continue to trade near the cluster of channel trendlines and important Time cycles. We are entering in third week of November!

The below research was published today morning in "The Financial Waves short term update" by Waves Strategy Advisors. For subscription options visit http://www.wavesstrategy.com/index.php/store.html

Nifty daily chart:

 

Announcements:

“The Financial Waves Monthly Update” is now published. The current research focuses on Understanding the Global phenomenon: The month of October witnessed huge volatility across the Global markets. It becomes important to look at the Global charts from across the continents to understand how each of these equity markets has fared. Bank Nifty outlook, CRB Index forecast, Sintex Industries Long Term Forecast and Outlook on USDJPY and JPYINR

Subscribe monthly research report “The Financial Waves Monthly update” by visiting http://wavesstrategy.com/index.php/store.html and see yourself the long term forecasts and world markets at a glance.

Nifty 60 mins chart:                                                    

Elliott Wave Analysis:

In previous update we mentioned that “In short, one should trade as per the Bollinger Bands unless a clear trending move emerges. The support as per this band is near 8310 and resistance is near 8415 levels. Decisive close above or below these levels will be required for meaningful trend.”

It has been 8 trading days in sideways action for Nifty even during the result season. Prices have been constantly failing to cross above the 8420 level and at the same time protected the important short term support near 8290.

Applying Basic technical analysis: Channels are the most basic and important concept of technical analysis and we have seen in past how well it tends to work most of the times. On daily chart, we are showing a very clearly visible black channel that is connecting the lows of 5118 made in August 2013 and 5920 made in February 2014. Both of these lows are very crucial that were made just prior to the start of strong uptrend. Projecting a parallel line and connecting the recent highs with high of July 2013 we get the important resistance zone. Since the trendline is upward sloping the resistance is drifting higher with each passing day and is now placed near 8490 levels.

Breakout above this channel with a very strong momentum will be an indication of increase in slope of the trend. However, this is usually the property of an impulse wave. Over here we are dealing with corrective legs on upside as there are no clear internal impulse counts. This when combined with momentum indicator is suggesting loss of strength rather than increase on upside. Further combination of Time cycles – a complete independent study is also suggesting that the medium term trend is in matured stage. Nevertheless, price confirmation is most important and unless we see a strong selloff below 8290 followed by 8200 the above points will only remain as a warning signal.

On Weekly basis, the high and low of previous week is at 8415 and 8305. So a close below 8305 by end of the week will be first sign of weakness. Unless that happens, the weekly trend will remain positive and move above 8415 will resume it higher.

Time cycles: Many of the Time cycles are entering into the negative mode in third week of November which should eventually put pressure on prices. So this week is going to be very crucial and if prices indeed shrug off all the warning signals from supporting indicator we will be forced to adopt alternative scenario.

In a nutshell, the short term trend so far is positive as there is no negative price confirmation. However, one should be aware that the secondary indicators are sending warning signals. If there is strong pick up in momentum and Nifty decisively closes above upper trendline resistance currently near 8490 the current rally will extend further. On the other side, negative weekly close below previous week’s low near 8305-8290 will be first negative price confirmation. Stay alert rather than complacent and wait for prices confirm the direction of breakout! Avoid catching a top unless crucial support level breaks on closing basis!!!

To know why it is time to be alert and prudent to be back from short vacation during correction subscribe to “The Financial Waves short term update” along with the long term forecasts in our Monthly update. Offer: http://www.wavesstrategy.com/payment/ the short term update for 3 months and get the Monthly research report FREE. It is time to act as we do not reach such junctures very often!!!