BN - Bullish Shark - 30 Sept 15

MCX Crude Oil Analysis - 23 Sept 15

MCX Crude Oil Analysis

Dow Jones - Triangle Breakdown

Dow Jones:
In below chart, we can observe triangle pattern which might broke down, if prices sustains below 16430s for 30 mins.

Nifty Bullish Wolfe Wave - 14Sept15

Nifty Update:

Nifty is about trigger bullish wolfe wave with the day close above 7866

EW counts in 2 Min Chart - 14 Sept 15

Zinc Bullish Gartley Pattern - 14 Spet 15

Zinc Pattern:

MCX Lead Analysis - 14 Sept 15

Lead Analysis

MCX Crude Oil Analysis - 9 Sept 2015

 MCX Crude Oil Analysis:
If we observe MCX Crude oil's month chart, 5 waves are completed at 2577 from 7784. There is positive divergence in RSI and Stoch while making 5th wave along with bullish hammer in month time frame.
Prices may now look for reversal and in coming moths/years may make new high (above 7784) or just may correct this fall.
As per fibo retracement, prices may retrace at least 3806 (23.6%) to 4565 (38.2%) for the fall from 7784 to 2577 (as per chart below)

Now, if we observe weekly chart, prices were falling from 7784 to 2577 in channel and made bullish engulfing candlestick pattern in week time frame along with positive divergence in MACD, RSI & Stoch.

Prices may now test this channel resistance at 3260 (already tested and corrected for the rise from 2577-3260) and at 3423.

In Hour chart, prices made 5 waves from 2577 to 3260. Now as per EW and fibo rettracement, 2 possibilities have been marked in hour chart below. 

Option 1 - Correction for the rise 2577 to 3260 is completed at 2931 and 3rd wave started unfolding.

Option 2 - Complex correction is going on wherein wave (c) of b of 2 is unfolding.

In both scenarios, immediate direction of prices is up holding 2973.