Nifty Weekness Ahead

Source-www.dreamgetsystem.in

here minum requiremnet for no of sell setup bar  9 already completed
price +1/8 level is overbought level so have tendecy to fall and if cant close above +1/8 then have to come back further odd no of line up to +5/8
top reversal possibilty can be judged from Last G (gapup bar) ,market many times take u turn from 11 no of bars from last G or L
dreamget lower target is showing 5473>5373

NIFTY GEOMETRY

Source-www.dreamgetsystem.in

Nifty Behaved same -as  we have expressed our view in last Report  and followed prefered road map
now its near by on dreamget 2nd target level  5500. (target still pending ) so what  all price sturcture says?
1>usualy price get unbalaced at 2nd degree target , so near term DIP is expeted and reversal will be fast and sharp

2>  after white couting ,price is in trend exhaustion pattern - (blue -red couting that eather will end in 13 count)

3>to form range box  price need to  hit first Grey dot 5373- all long postion should be squared off if trading below  grey dot

4>hiting grey dot price will move towards 4/8 price percentage  area..(dreamget first target will be same around)

5> mazor sell patern will form when there will be bearish angulation patern ..- This will complete elliot inner five wave series


Traders are advised to sell call option of higher strike price  (this month - next month  to collect  maximum premum) on confirming reversal signal 

Crudeoil revised Wave count

In the last report we have  anticipated dn fall  some before  in aniticipaton of pattern will unfold in double corection but crude pattern unfolded in triple corection w x y x z   but our entery level did not get trigerd, as price did not hited our long traling stoploss (grey dot),very safe to act on grey dot when you r going to revrese trading

now pattern has more clear peacture..prcie is on 1.618 % area of first up swing, as price percentage wise 7/8 area 5468 is near term target,
its good to long exit in crude now and wait for confirm reversal signal , 

crude DP resistance area

source --www.dreamgetsystem.in

HIting greydot long stoploss  down momentam will complete main 4th wave ..double corection w x y  and  will start 5th dn wave .lower target 4821>4631 

Nifty Road Map

www.dreamgetsystem.in

nifty future behaved as per our  last  report http://rctrader.blogspot.in/2012/07/nifty-elliot-wave-report.html

now what??
if yesterday low 5107 not breached   then market will go in double correction .will prefer yellow road map then y up wave target will be 5325 near area later 5th dn will come
if breached yesterday low 51007  motion line will be down  will qualify in 5th dn wave possible target 4825
yellow road map is preferred road map let us say which way market move