Gold weekly: the Stan Weinstein rule π₯
A true trend develops only after the resolution of a 30 WMA base.
2020β23: sideways around a flat 30 WMA until the 2024 breakout.
Now: the 30 WMA is flattening again, with price below it. Until it resolves, it's a range.
Not investment advice.
#Gold #XAUUSD #StanWeinstein #StDan
Weekly Rant Ep. 2 is live ποΈ
More than half the Nifty 500 is below its 200 DMA. Breadth is ~46%; a sustainable trend usually needs 65β70%.
This market is healing, not trending. Not buying this rally yet.
https://t.co/dojBISCC4m
Not investment advice.
#NiftyFifty #ElliottWaveTheory #MarketBreadth
Nifty 500 β My Tape Read π
Small green close, but breadth stays weak. 46% above the 200 DMA, just 29% above the 50 DMA.
50 DMA breadth has made lower highs since May. A bounce without participation is just a bounce.
Watching the support zone.
Not investment advice.
#NiftyFifty #MarketBreadth #StanWeinstein
Nifty 500 β My Tape Read π
The pullback has turned complex, as anticipated. Rejected at the resistance band / 200 DMA, closed below both the 50 and 200 DMA.
Breadth slipped from 51% to 46%. Participation thinning, not building.
Watching the support zones for a floor.
Not investment advice.
#NiftyFifty #MarketBreadth #StanWeinstein
Nifty 500 β My Tape Read π
Continuing to track this leading diagonal. Still yet to spot our impulse + 3-wave pullback.
Breadth just ticking at 51% β not enough to be confident yet. Need 65-70% for a real trend.
Not investment advice.
#NiftyFifty#ElliottWaveTheory #StanWeinstein
Nifty 500 β My Tape Read πNo clean impulse off the low β the resistance band above is acting like a lid.Breadth still below 50%. One more low is very much on the table, and this pullback could turn complex.Watching the support zones. No predictions.#NiftyFifty#ElliottWaveTheory #StanWeinstein
Nifty 500 β Market Breadth π
A sustained rally needs strong breadth. Only ~50% of Nifty 500 stocks are above their 200 DMA right now.
My historical read: 65-70% breadth is typically needed for a strong, sustainable trend. Below that, the market's still healing.
Not investment advice.
#NiftyFifty #MarketBreadth #StanWeinstein
Gold/Silver Ratio β the chart most people skip.
Down sharply from its recent peak. Elevated zone = Silver tends to outperform. Lower zone = Gold tends to lead.
Now coming off a low on the ratio β favors Gold starting to outperform Silver from here.
Not investment advice.
#Gold #Silver #GoldSilverRatio
Nifty 500 β My Tape Read π
Good follow-through candle yesterday with expanded volume. But we're tracking a 5-wave micro advance + 3-wave pullback for confirmation β not spotted yet.
Price closed right into resistance. Patiently watching what it does next.
Not investment advice.
#NiftyFifty #ElliottWaveTheory #StanWeinstein
This correction is not over till the fat lady sings.
Nifty 500 has been building a Stage 3 transition base for 2 years β not a fresh markup. Everyone's calling a bottom. I'm not buying it yet.
Full breakdown π https://t.co/V2kdQ6cRnv
#Nifty500#ElliottWave#StageAnalysis
Nifty 500 β My Tape Read π
Positive reaction from our pullback levels β but that doesn't mean we're done.
Price hitting an area of value with momentum often signals extension. Tracking a key resistance β how price reacts there gives the next clue.
β Confirmation: a genuine 5-wave micro impulse off the low, followed by a clean 3-wave pullback that holds.
Not investment advice.
#NiftyFifty #ElliottWaveTheory #StanWeinstein
Nifty 500 β A Tape Read π
Marubozu candle printed yesterday, rejecting off the 200 DMA and pushing hard into the retracement zones we've been watching. Momentum like this usually signals an extension.
Not predicting where it stops β just reading the tape: Price, Pattern, Wave, Volume.
Not investment advice.
#NiftyFifty #ElliottWaveTheory #StanWeinstein
Nifty 500 Update π
Tracking wave (2) as a full ABC, with (C) unfolding as its own 1-2-3-4-5 β currently around wave 4.
Corrective waves aren't done till every leg plays out.
β Confirmation: a genuine 5-wave micro impulse off the low, followed by a clean 3-wave pullback that holds. Anything less is just noise.
Not investment advice.
#NiftyFifty #ElliottWaveTheory #StanWeinstein
Gold β Sunday check-in π₯
ABC correction wrapped up, with C carrying a 5-wave internal (WXYXZ, Z as a triangle) β a strong tell the correction was done.
Followed by a clean 5-wave impulse, now in a 3-wave pullback.
π 50/200 DMA flattening = Positional Base forming
β‘ Volume elevated, no decisive expansion yet
Not done till we get a breakout. Watching, not acting.
Not investment advice.
#Gold #XAUUSD #ElliottWaveTheory #StanWeinstein
Why I never post a wave count alone:
π Wave = the story
π Trend = the stage (Weinstein)
β‘ Momentum = the fuel (O'Neil)
One framework = a guess. Three = a checkpoint. π―
Not investment advice.
#ElliottWaveTheory#StockMarketIndia
Nifty 500 β Leading Diagonal forming off the recent swing low. Overlapping waves, wedge shape. π
Should see a fast wave (2) β unfolding now, reaching toward wave 4 / the gap zone.
Confirms on next impulsive leg. If not, reassessing.
#Nifty500#ElliottWave