iCharts Discussions

[manu_5123454]

this emerging market Etf. ( MSCI EMR ETF ) is quit similiar to our nifty/sensex chart from 2009 year. but if u talking about EW analysis ---then its very clear as i mentioned in this chart

but nifty chart indicates confusing pattern in the term of EW analysis. i will be sure after the recent fall for the A wave or something also .

[manu_5123454]

i think DOW shold be in recession or dowtrend or range trend till the 2020-28 years .

or may be trading range in between 4500 levels to 15000 as i mentioned in this chart.

[manu_5123454]

after seeing longterm chart i think 4th has been finished near 2500levels and prepare for 5th wave which is last of our nifty before enter any recession. so it may be 6700 to 7000 or according to pattern.

for the long term if u see in MACD ---there is no negative divergence thatmeans we should break 6300 level soon may be max. 1 year.

so thats why i amnot prepare to invest at this stage and quite expensive in mid term.

[manu_5123454]

negative divergence as well as price line has been broken down the upward price line indicates bearish

[manu_5123454]

as we know everybody ---SGX nifty is similar our nifty index chart.

as i sent before that 5th wave has been completed previous high near 5430 but recent chart pattern indicates 5th wave should be near 5460 because recent rise pattern should be in 3 wave but its not like that as i think.

but 2 analysis r indicating only sell sell sell sell. A wave may be 4600-4700 then u may see 5700 for the B wave in 3-3-5 wave pattern

MACD indicator indicates U turn on lower side that means it should be in 3-3-5 wave pattern , not in 5-3-5 wave pattern.

lets see.


if u don't want to analyse the EW analysis , look only negative divergence ( MACD,RSI,VOLUME) . volume is not giving support with the recent rise trend pattern as i sent before in this forum.


all analysis sell sell sell sell only( from weekly 3 MA to SGX nifty )

hellow diyya , if u fallow only MA with negative divergence then it will be very helpful to take decission . or follow the NVK setup . u will gain some basic knowleadge in technical analysis. i use first ---EW then divergence ,MA

[manu_5123454]

as i said before ----dow's downtrend pattern is not completed yet

[manu_5123454]

baltic dry index -----it is a index which is indicating for export/import demand in near future.
if u see both index ( BDI and DOW ) then can see from june the BDI (baltic dry index) has been fall but in DOW is trading in rising pattern that means downward pattern is in ahead which is indicating by BDI.

and still i am in bearish mode since july 2010 in NIFTY & expecting below 4800 leves or more . which has been sent before in this forum. metal sector should avoid at this time.

so what do u think

[manu_5123454]

copper price line may trade according to my dot dot red trend line , i am not very bullish above 345-47 levels

[manu_5123454]

after breakout from channel line or ABC pattern indicates bearish in ahead. but recent 5 wave pattern indicates some pull back is there for sub ABC wave which is near 78 levels

[manu_5123454]

in MSCI EMR ETF ----after completed B wave down trend pattern has been started

[manu_5123454]

after completed B wave pattern now its prepare for uptrend near C wave pattern according to chart

[manu_5123454]

nifty fut. daily chart indicates bearish according to higher volume with downtrend pattern as well as negative in RSI-A indicator