CycleWave - Now on Discord server

Hello Traders & EW Analyst,

We are happy to announce that, CycleWave launched the Discord server one month ago to share trading ideas based on Elliott wave principles. Discord is the great platform to organize every trading ideas across different segments like crypto-currencies, currency pairs, commodities, major future indices & stock markets, which is similar to what's App or telegram, but having more functionality than both having both mobile and desktop versions for easy accessment.   

All the trading ideas are separated in such a way that you can access current as well as historical analyses of each instruments at any time on your electronic devices like laptop, mobile phones or desktop with ease. You will notified for every updates on your mobile phones, so that you never missed anything, which you don't want to. 

Discord server is a complimentary service started by CycleWave, which provide the great all in one platform to access different stock markets at one place like US, German, Hang Seng, India, UK and many more. Users can directly interact with us on chat as well or with other users of the server to discuss or share the trading ideas, news and views. Discord is similar platform like Telegram, but having more features to mange and retrieve the data very easily. 

In Discord updates, every instruments are analysed in minimum 30 min time frames on daily basis so that traders & analysts both  find swing & daily trade set ups. Other than 30 min weekly and daily time frame analyses also included to pin point the major trend across any instruments. Stocks (all markets) updates once in a week, while cryptos, currency pairs, commodities and major future indices are updates on daily basis. So you can click here to find your invitation link. 

Some Screen shots attached to give the sense of Discord platform, that how it works. 

How many segments included in Discord ? - You can check the screen shot of Discord community server to get idea. As mentioned Cryptos, currency pairs, commodities, major future indices, stocks from US, Germany, India, Heng Seng etc & trader's point. 

How many crypto currency included to Discord ? You will get daily updates on Bitcoin,  Ethereum, Litecoin, Chainlink, BandTetherUS, EOSUSDT initially. 

How many currency pairs included to Discord ? -  All major currency pair including USDollar, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDMXN, USDCHF, JPYEUR, EURGBP & USDINR.  Major of them updated on daily basis. 

How many commodities included to Discord ? - All metals including Gold, Silver, Platinum, Palladium, Copper, Aluminum, Nickel, Zinc, Energy including Crude oil, Gasoline, Heating oil, Natural gas, Grains including Wheat, Corn, Soybean and Softs like Cotton, Cocoa, Coffee and Sugar, which are all updated alternatively.  

How many market indices and futures added in Discord ? US , European and Asian indices and respective futures added including US sectors.  

How many US stocks included in Discord ? Top 50 large cap stocks including hot stocks in up and down trend. 

How many German stocks included in Discord ? Around 40 major German stocks & sectors are included for analyses.

How many Indian stocks included in Discord ? Top 100 nifty stocks by volume & nifty sectors are included for analyses.

How many Heng Seng stocks included in Discord ?  Around 30 stocks & sectors are included for analyses.

How different users can interact at Trader’s point ? -  Every users can interact with other users at Trader’s point to share ideas, news and views under separate pages set for different segments to make it more interesting rather than annoying. No users can allowed to post any messages under the daily updates, which makes it more attractive and clean to study. 

Here is your invitation link to join CycleWave on Discord.

EW Counts - US Stocks

Join CycleWave at Discord community to get more exciting trade ideas for free. Now on wards no more updates available on the blog. So click here to join Discord.  

8/1/2020

Apple Inc (AAPL - NDX) - stay long for 5^th of 5^th wave up

Apple Inc (AAPL - NDX) is in 3^rd of 3^rd wave, so go long in three wave pull back in 10 min time frame for new high. The high volume will drive it easily upward, as the major trend will be in up direction.

Microsoft Corporation (MSFT - NDX) - stay long for 5^th wave cycle up

Microsoft Corporation (MSFT - NDX) is 3^rd of 5^th of 5^th wave up so, so stay long with stops below 198.98 level as the low of 2^nd subwave. The price will go higher above 216 to complete the 5^th of 5^th wave. 

Amazon.com Inc (AMZN - NDX) - stay long for 5^th of 3^rd wave up

Amazon.com Inc (AMZN - NDX) is in 3^rd of 5^th of 5^th wave in 4 hr time frame. So stay long with stops below 3056 for target above 3450 or higher. It is the part of Nasdaq stocks, which is already out-performing the market.  

Facebook Inc (FB - NDX) - Stay long for C (or 3^rd of 3^rd ) wave up

Facebook Inc (FB - NDX) is in 3^rd of C (or 3^rd) wave up, so wait for three wave pull back to get in to trade. The volume driven price action will easily go for one more high after first three wave pull back in 10 min time frame.   

Visa Inc (V - SPX) - Will bulls take control again ?

Visa Inc (V - SPX) it is in 2^nd subwave correction of 5^th wave up, so stay long after confirmatory impulse move up in 5 min time frame as reference with stops below 187.27. In weekly time frame it is in 5^th wave and strong up trend.  

Johnson & Johnson (JNJ - SPX) - stay long

Johnson & Johnson (JNJ - SPX) is in either 3^rd or C wave up in 30 min time frame, So stay long after one confirmatory impulse wave with stops below 143.99 for target zone of 156.80 or higher. It is strong stocks in weekly time frame.

Procter & Gamble Co (PG - SPX) - choppy or bullish- what’s next ?

Procter & Gamble Co (PG - SPX) is in 5^th of 3^rd of 3^rd wave up in 60 min time frame, so stay long above 129.29 in pull back (if you get). There are alternate counts possible, but stay long in every three wave pull back until its within the time range of previous wave for new high every time.

Taiwan Semiconductor Manufacturing (TSM - SPX) - stay long

Taiwan Semiconductor Manufacturing (TSM - SPX) It is in 4^th wave correction and may take more time, so wait for more time to clear it as correction. Stay long in the stock as momentum and huge volume suggest more upside there and go beyond 85 level in final move up.

Home Depot Inc (HD - SPX) - Bulls in control

Home Depot Inc (HD - SPX) is 5^th of 5^th wave up, so stay long with stops below 260.68 for target above 271 or higher. It broke the triangle in 4^th wave, so reversal will be faster down move, so this trade considered to be quick in and out type.

Verizon Communications Inc (VZ - SPX) - stay long

Verizon Communications Inc (VZ - SPX) is in 5^th of 3^rd (or C) wave up, so stay long in small pull back in 10 min time frame. Overall it is in ABC zigzag in 4 hr time frame, so this move would be impulse (C) wave up. Stay long with stops below 56.64 for target of 58 or higher.

AT&T Inc (T - SPX) - Choppy price action

AT&T Inc (T - SPX) is in C of (X) wave with in correction, so it should go higher until it holds price above 29.25 as 2^nd subwave of C wave. Let’s see how price will unfold. When (X) wave is over, stay bearish for (Y) big down.

Pfizer Inc (PFE - SPX) - stay long for 5^th up

Pfizer Inc (PFE - SPX) is in ABC zigzag correction in 4 hr time frame. It is in 4^th wave correction of C wave up, So stay long in 37.40-38 zone for target above 40 as 5^th wave of C wave. The 4^th correction is in progress, which is supposed to be flat or complex in nature as wave 2^nd was sharp correction.

Netflix Inc (NFLX - NDX) - stay long within correction

Netflix Inc (NFLX - NDX) is either in impulse sequence as 5^th wave up or within correction as abc in its last cycle in 30 min time frame. In both the cases, price is in up cycle, so go long with stops below 477.89 for target of around 520 or higher in pull back within 10 min time frame. 

Chevron Corp (CVX - SPX) - Bears continue domination

Chevron Corp (CVX - SPX) is in ABC zigzag down in 2 hr time frame, where C down is in progress and 4^th of C on the way. So stay short for 5^th wave down. Here A was leading diagonal so the losses will possibly extend. Keep eye on it, because it is possible that the 1^st extended wave of C is just about to end after 5^th wave ended.

Adobe Systems Incorporated (ADBE - NDX) - stay long in 5^th wave

Adobe Systems Incorporated (ADBE - NDX) is in 5^th wave up after 4^th wave finished in triangle, so stay long with stops below 435.75 as 2^nd subwave low for 3^rd subwave up. The target zone will be above 475. The major invalidation level of the pattern is 427.13 as triangle wave E low price.

PayPal Holdings Inc (PYPL - NDX) - stay long for 5^th of 5^th wave up

PayPal Holdings Inc (PYPL - NDX) is in 5^th of 5^th wave in 4 hr time frame. So stay long in three wave pull back in 15 min time frame as flat or choppy cycle when gets finished. It is in great up trend and out-performing the market. 

Abbott Laboratories (ABT - SPX) - stay long for 5^th wave up

Abbott Laboratories (ABT - SPX) is in ABC zigzag up move in 4 hr time frame. It is in 5^th subwave up of C wave, so go long in small pull back with stops below 99.11 for target above 104 or higher price. B wave spent enough time to fuel up the price.

Tesla Inc (TSLA - NDX) - Choppy price action before bulls hit again

Tesla Inc (TSLA - NDX) is in 4^th wave correction as WXY complex. So wait for it to be finished. It is in Y leg down and take little time before resuming the up trend again.

Novamax Inc (NVAX - NDX) - Bulls will be taking control after 4^th correction over

Novamax Inc (NVAX - NDX) is in 4^th wave correction in the cycle, which is progressing in WXY correction. Y wave down is in progress in 30 min time frame, so wait for it to finish around at 135 zone. Enter in long trade within that zone to trade 5^th wave up for target above 158 or higher.   

Biomarin Pharmaceutical Inc (BMRN - NDX) - stay long for 5^th wave up

Biomarin Pharmaceutical Inc (BMRN - NDX) has completed 4^th wave correction in 4 hr time frame and ready to resume the up trend as 5^th wave cycle. So go long with stops below 117.77 for target of 135 or higher. Wait for confirmatory impulse wave before taking an entry in 5 min time frame.

For historical analyses of SPX and stocks click here.

Major World Indices

Join CycleWave at Discord community to get more exciting trade ideas for free. Now on wards no more updates available on the blog. So click here to join Discord.  

8/1/2020

SPX (SPX - NYSE) - it is within 3rd of 5th of 5th wave up, so stay long above 2nd wave low.

NDX (NASDAQ 100) - It is in 3rd of 5th of 3rd wave, so stay long as it is the only index outperforming most in US market. 

Shanghai Composite (SHCOMP SSEC)  - It is in 5th of 3rd wave up in 2 hr time frame. Stay long above the invalidation level for new high as target. It will end the 3rd wave at new high. 

Singapore MSCI (SGP1!) - It has completed WXY double zigzag correction, which is qqual in distance. So next price action would be possibly choppy as ABC correction expected. Overall its weak market compared to other Asian markets. So stay bearish once it completed three wave bounce. 

Taiwan Weighted (TAIEX) - It is the strongest market in the world, which made new high above previous daily high after vicious fall in Corona Pandemic. The move up is easily classified in impulse and seems completed. As its a strongest one, it can make a new high within correction. 

Nifty50 (Nifty)  - It is in choppy correction upside as (X) wave up, which should unfold in ABC or wxy. so stay bullish. It may possible to make a new high too. 

For historical analyses of World Indices, please click here.

EW Counts - India Stocks

Join CycleWave at Discord community to get more exciting trade ideas for free. Now on wards no more updates available on the blog. So click here to join Discord.  

8/1/2020

Nifty50 (Nifty - NSE) - It is choppy in correction as WXY, where X wave up is in progress, so stay bullish and trade for small targets. It is possible to make new high within correction. The trading range for next week will be around 11100-11500. 

Nifty Bank (Banknifty - NSE) - The choppy abc correction downside seems over, where 5th of 5th down might be truncated. Gap down will end that wave, so it would be considered good buy with stops below day low (if done on Monday). Possible price action will be choppy ABC, so stay slight bullish. 

Nifty midcap50 (Niftymidcap50 - NSE) - It is in choppy correction and will possibly go upward in abc correction for either (X) wave or 5th subwave as extension (which considered low probability). So stay slight bullish and get in to three wave pull back after confirming a wave. 

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) - Bulls takes control 

Adani Port & Special Economic Zone Ltd (Adaniport - NSE) has completed ABC flat correction down, where C was extended cycle. It is now in ABC up cycle, where A impulse and B corrective finished. So stay long with stops below 310 for target up to 330-36 zone.

Axis Bank Ltd (Axisbank - NSE) - Choppy but slight bullish  

Axis Bank Ltd (Axisbank - NSE) is in ABC correction, where B wave is in progress and c of B will probably go up, so sell near 450-65 zone for C wave down, when B wave gets finished. It is overall under-performer stock to Nifty. 

Bajaj Auto Ltd (Bajajauto - NSE) - Choppy price action

Bajaj Auto Ltd (Bajajauto - NSE) is in corrective mode as ABC cycle. So it will start B wave soon. Stay bearish when it over for C wave down. It can turn into more complex correction as WXY. So wait for confirmation.  

Bajaj Finance Ltd (Bajajfin - NSE) - Choppy to bullish price action

Bajaj Finance Ltd (Bajajfin - NSE) has completed ABC sequence down in 30 min time frame as W wave and now correcting up in X wave, where c wave will start soon. So it may be possible to make new high in X wave, so stay long with stops below 3183.50 for target of around 3430 or higher..   

Britannia Industries Ltd (Britannia - NSE) - Choppy correction - Bulls will take control

Britannia Industries Ltd (Britannia - NSE) is in choppy ABC correction, where B wave is in progress, so wait for C to over at around 3700 level to get in for long trade for 5^th wave up move for target above 4050 - 4150 level.

Bharti Airtel Ltd (Bhartiartl - NSE) - choppy but bearish price action

Bharti Airtel Ltd (Bhartiartl - NSE) stay bearish when B over for C down in Y wave at around 565-70 with stops above 578.10 for target below 540 or even lower.

Eicher Motors Ltd (Eichermot - NSE) - Bullish or choppy - what’s next ?

Eicher Motors Ltd (Eichermot - NSE) has completed impulse wave since last low, so choppy to bearish corrective action expected. Stay short in B wave near 21200-400 with stops above 21735 for target in range of 20000 - 19700.

HDFC Bank Ltd (Hdfcbank - NSE) - Bullish but choppy price action

HDFC Bank Ltd (Hdfcbank - NSE) has completed A wave down and correcting in up move as B wave. B wave probably will unfold in abc zigzag so stay long above 1021.50 as stop loss for target zone of 1090 or higher.

Hcl Technologies Ltd (Hcltech - NSE) - stay long  

Hcl Technologies Ltd (Hcltech - NSE) has extended 5^th wave, so stay long if price gaps down near 692 as 4^th subwave of 3^rd of 5^th wave, for new high as target around 725-35 zone. It sector itself is a stronger in last move and continue its gain.

Hero MotoCorp Ltd (Heromotoco - NSE) - Choppy but bullish price action  

Hero MotoCorp Ltd (Heromotoco - NSE) It has completed W as abc correction and now going up to complete the X wave, so stay long in pull back after confirming the a wave in X cycle.  

Housing Development Finance Corporation Ltd (HDFC - NSE) - Choppy

Housing Development Finance Corporation Ltd (HDFC - NSE) is Y wave as c down, gap down will end up the cycle or may make new low to end the cycle, after that stay long for bounce with stop loss below new low.  

ICICI Bank Ltd (Icicibank - NSE) - choppy price action

ICICI Bank Ltd (Icicibank - NSE) is in X wave and will start c of X up so stay long with stop loss below b wave low 340.60 and target will be 362 or slight higher.  

Indian Oil Corporation Ltd (IOC - NSE) - stay long

Indian Oil Corporation Ltd (IOC - NSE) has completed 2^nd wave of C wave within ABC zigzag, so wait for confirmatory 1^st wave of 3^rd wave cycle, then stay long with stops below 87.30 for target of 103 or higher initially. Very good set up with high volume support.    

IndusInd Bank Ltd (Indusindbk - NSE) - stay short

IndusInd Bank Ltd (Indusindbk - NSE) is in WXY, where W and X waves ended, while Y is in progress. It has completed A wave down in Y wave, so wait for B to over near 540-50 to sell it with stop loss above 560.35 for target below 480 or lower.

Mahindra & Mahindra Ltd (M&M - NSE) - Bullish to choppy bias

Mahindra & Mahindra Ltd (M&M - NSE) is in choppy WXY correction, where C of X wave is in progress, so stay long for new high, then probably it will correct down for Y wave.

Reliance Industries Ltd (Reliance - NSE) - choppy or bullish - what’s next ?

Reliance Industries Ltd (Reliance - NSE) is within 4^th wave correction and b wave will go up. Wait for c to end for resuming up trend again. Trade is possible buy for b wave, sell for c wave down of 4^th wave and finally buy for 5^th wave. 

To view the historical analyses of Nifty50 & stocks, click here.