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Weekly Market Outlook (13th July)
Recap of last week: - As discussed - US Oil has found its bottom of wave 3 and is currently playing in Wave 4 - US 30 / 100 - Maintaining its buy on dip structure had a difficult midweek but recovered - Gold and Silver bot started the week off ok but bearishness soon kicked in with both commodities showing a sell off during the week Factors for this week: - Wave 4 is well and truly on for US Oil. I expect it to continue in Wave 4 with the coming week with the current swing high being wave A of 4 (76.08) Prices could look to reverse around 78 - 80 levels. before we see a Wave 5 beginning. Wave 4 could take some time and I do not expect it to finish in this coming week. - US30/100 - still in buy on dip mode. I see that both indices are absorbing any selling coming their way and are managing to protect important levels. If they manage to sustain at these levels we are looking at them beginning the next rally soon - possibly from the very start of next week. - Gold and Silver - Both commodities showed weakness last week but not enough to fully push them into the bearish scenario. This week holds to be important too and will determine if gold and silver are looking to create a base at these levels OR a much lower low is getting ready to form.
Stock Update: Apple
Date: 09/07 Just sharing this update on Apple. We shared a buy call on it on 23/06 and since then prices have come exactly into our buy zone and reversed. Prices are already 15% up from our buy call and following the exact structure given. Sharing charts below!
Stock Update: Apple
2 likes • 4d
Did anyone buy into apple at these levels?
1 like • 1d
@Jason King nice
Gold - Clearer Path
Date: 09/07 From our last post we had highlighted a bullish as well as bearish scenario for Gold. At the moment prices have reversed and price action is leaning in more towards our bearish scenario. So according to this scenario - where do we stand? Gold price seems to be moving down to complete its 3rd wave of wave C. This 3rd wave is to come down as an impulse - here we are currently in wave 5 with the current pullback being marked as the 4th save of this impulse. Once this 3rd wave completes we can expect another pullback - one that is possibly longer drawn in both terms of price as well as time before a final 5th wave on the larger scale coming down towards 3600 - 3400 levels depending on where our 4th wave ends. Golds strongest and biggest rally is meant to follow this correction. They won't make it easy to catch the reversal. We need to be sharp and ready with all different scenarios šŸš€šŸ’Ŗ Attaching 4H and 1H charts for clarity below
Gold - Clearer Path
3 likes • 4d
@Suresh Appayi Thanks brother! Feel free to share ur count as well if you have any changes
How’s the week?
How’s everyone’s week going so far?? Any interesting price action or trades?
2 likes • 5d
@Suresh Appayi nice. Both gold and silver have had an interesting start. Important week for commodities
1 like • 4d
@Ryan Williamson Yep. Working on it!
Weekly Market Outlook (6th July)
Recap of last week: - US Oil still drifting towards our next target of 65 as discussed. Current low sitting at 67 but still no confirmation that wave 4 has begun - US30/US100 saw some early pressure but the dips were bought more so in the US30 which gave a pretty strong weekly close. US100 still base building but ready to launch - Gold and Silver remained strong last week and have given a good rise from their swing lows Factors for this week: - Oil should soon find its bottom (of wave 3) and begin wave 4. We were expecting this last week but no signs yet to confirm that wave 4 has begun. - US30 - Going strong and will continue to rise. May have a bumpy day mid week but continue to buy on dips until 54000+ levels are here - US100 - Base building should be done. US100 seems set to rally this week as well - US dollar is almost ready to complete its corrective pullback and begin the next step of its rally - Gold and Silver are at an important juncture. This week will be very important in determining which scenario they fall into. A strong week breaking important levels could prove that the W4 corrective is over. However, if bearishness comes back in midweek and gold / silver close the week with a bearish candle, chances are we are going to see new lows in both the commodities.
1 like • 8d
@Jason King So have a tight trailing stop loss now. Wave 3 should end anywhere between 65 - 60 levels. For wave 4 I'm expecting a pretty strong price wise correction. Wave 2 only did 38% retracement. According to rule of alternation, wave 4 will be pretty strong. Best book at a comfortable level (we're already 6R +) and when a new trade surfaces post W4 we can look to re-enter again.
2 likes • 4d
Yep. We've had a great start to the week. Most things matching up. US Oil - seems to have begun its 4th wave as we were expecting. Will put in a message or another trade when we see its close to ending. Gold / Silver seem to be heading into the bearish scenario. Still early to tell. Waiting on confirmation US30 / 100 - this was the mid week bump we were expecting! Updated charts coming tomorrow for Gold as well as US30. Some important structural observations
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Abhishek Kapadia
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1,303points to level up
@abhishek-kapadia-5169
Elliott Wave analyst helping investors & traders read market structure, manage risk, and make better decisions across stocks, ETFs, FX & crypto.

Active 2h ago
Joined Aug 20, 2025
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