Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is currently in progress as a Flat structure and has scope to extend 1 more leg higher towards as high as 10000 before Index resumes the decline. As […]

Short Term Elliottwave structure suggests that dip to 17331.07 ended wave (4). Rally from there is unfolding as a double three where wave ((w)) ended at 17891.6 and wave ((x)) ended at 17660.87. Internal of wave ((y)) is unfolding as a zigzag where wave (a) ended at 18003 and wave (b) is proposed complete at 17915. A break […]

Short Term Elliottwave structure suggests that dip to 17331.07 ended wave (4). Rally from there is unfolding as a double three where wave ((w)) ended at 17891.6 and wave ((x)) ended at 17660.87 on 6/1. From 6/1 low, pair then continues to rally higher as a 5 waves diagonal. There’s enough number of swing to call wave (a) completed although a marginal […]

Cycle from 1/21 low remains in progress as 5 waves and dip to 17331.07 ended wave (4). Rally from there is unfolding as a double three structure where wave ((w)) ended at 17891.6 and wave ((x)) ended at 17660.87 on 6/1. Near term, cycle from 6/1 low is proposed complete as 5 waves diagonal with wave (a) […]

Cycle from 1/21 low remains in progress as 5 waves and dip to 17331.07 ended wave (4). Rally from there is unfolding as a double three structure where wave ((w)) ended at 17891.6 and wave ((x)) ended at 1660.87 on 6/1. Near term, cycle from 6/1 low is proposed complete with wave (w) at 17948.9, and the […]

In this technical blog we are going to take a look at Fundamental & Technical point of view of US steel. The steel industry continues to face a challenging economic environment due to the economic slowdown in China, volatility in financial markets, slow growth in global trade, and low prices of oil and other commodities. […]