Quite an eventful week came to an end. What with the budgets and the settlement all coming together, it was a roller coaster ride indeed!
But it looks as if the volatility has only just begun..There are several astro formations which indicate a period of disquiet has just begun.
First let us look at a larger picture of the wave counts...
Ok. That is too far out and so let us come back to the present scenario. Our wave counts say that the current upleg is either wave g or wave c of c and it could go on to form all time highs.
Faster reversal of the last upleg and break of the bdf line should serve as a notice that the trend has reversed.
A look at the cycles..
Meanwhile the smaller blue cycle has bottomed out. Now both cycles have a positive bias, till March 12/13.
We expect the current uptrend to continue.
Now, a look at the astro formations...
Net effect, Neowave and the cycles indicate a positive upmove but astro formation are advising caution in the second half of this March 2015 month.
Be careful with your positions. Roller coaster is not over yet.