Bull therapy 101-thread for technical analysis with the fundamentals

Midcap index…

The long wait for the bulls is nearly over…

possibility of a bullish upleg of the extreme bearish harmonic impulse
and the positions of indicators at the demand line of the up trend channel, indicates midcaps almost ready for one last upleg, the elliot wave 5 before the whole post 2016 bull run is over…

downside is as mentioned, upside is a preliminary one, a lot will depends on the impulse wave structure that will form, either the 5 waves will be up within the mentioned upside and formation of a classical double top or it might form a new high…
from the gann chart i have it seems a new high is entirely probable…

Numerous weekly charts of stocks across different sectors exhibiting oversold levels already…

H2 should be interesting… Q1 earnings if picks up should be a trigger…

meanwhile crude should soften gradually …
a technical view is mentioned on the same in this post…

on WTI crude… the same bearish formation

USDINR pair should be on a down trend after completing 5 waves…
correction should be atleast to 38.2% fibo level which is also the wave 4 region, if not may be more…

US 5 year and 10year bond yields seems to have topped out too, only a short term uptick left on the subwave 5 of the wave 3 completion…
5year yield chart provided here…


goodluck everyone, hope fundamental analysis and pf rebalancing is almost complete …

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