Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
jethendra jethendra GRAPHITE, M, Long ,
GRAPHITE: Graphite India - Long way to go
76 1 5
GRAPHITE, M Long
Graphite India - Long way to go

After years of consolidation, stock has given a Breakout above 115-125 levels with Huge volume. Currently wave (1) of elliott wave has started. Any dips towars 115-120 levels is a buying opportunity.

HarshShivlani HarshShivlani RECLTD, D, Long ,
RECLTD: REC Elliott
113 3 1
RECLTD, D Long
REC Elliott

Long if it goes above 225-230's for given targets around 1.618 -2.618 of wave 1. My Elliot is not very strong yet so please correct me if I'm wrong in the wave count. Thanks.

SirajHudda SirajHudda PRO NIFTY, D, Short ,
NIFTY: Nifty Potential Move
161 2 3
NIFTY, D Short
Nifty Potential Move

Nifty is potentially making an ending diagonal or moving in a channel, in either case, the movement would be down for a while and then go higher or break down completely.. Look for trendline movement if it breaks above be with up trend but if it breaks the bottom trend line then I would try to get out of my long positions. Just my analysis and not a trade ...

SANJAY_VERMA SANJAY_VERMA USOIL, D,
USOIL: CRUDE OIL
80 0 1
USOIL, D
CRUDE OIL

ELLIOT WAVE 100% SURE SHOT CALL SELL CRUDE OIL CMP WITH 20 TO 25% TARGET WITH 3.5% STOPLOSS

joel-vg joel-vg NIFTY, 15, Long ,
NIFTY: NIFTY 15 MINUTES ELLIOTT WAVE CHART
110 0 2
NIFTY, 15 Long
NIFTY 15 MINUTES ELLIOTT WAVE CHART

as per elliott wave pattern - i am long with a SL of 9600

jethendra jethendra AMBUJACEM, W, Short ,
AMBUJACEM: Ambuja - wave (e) of wave 2
34 0 4
AMBUJACEM, W Short
Ambuja - wave (e) of wave 2

Ambuja current going through a Triangular correction according to Elliott wave theory. LT - wait for 210-215 levels to accumulate

AJAYSHARMA AJAYSHARMA NIFTY, 15, Long ,
NIFTY: Almost near the end of the triple zig - zag . Long in 9550 range
210 1 6
NIFTY, 15 Long
Almost near the end of the triple zig - zag . Long in 9550 range

This is updated labelling with a change in wave 'a' of the last correction . Now we are running a wave "C" Ending Diagonal for 9540 - 50 zone . At present we are in the wave 4 of the ED . Then we should have a wave 5 the last one ending in 9540 - 50 zone . 9548 is exactly z = 1.618 y . After that we should see an very sharp reversal and the end of the ...

InsiderB InsiderB TOP NIFTY, 60,
NIFTY: Nifty : There is Alternative, Always...
548 19 24
NIFTY, 60
Nifty : There is Alternative, Always...

I hope most of points are explained in Nifty chart itself. I chose to post this bcos this is another alternative way of finding same setup which we did with harmonics for past two days. So the point to be driven home ? There is alternate methods available, Never fret over that you don't know Harmonics or Elliott's or whatever, Just make use of what you know, Even ...

perfectpips perfectpips CL1!, 240, Short ,
CL1!: CRUDE OIL ON SHORT
117 0 3
CL1!, 240 Short
CRUDE OIL ON SHORT

Hi guys dont miss this trade we can expecting fall upto $42 and than $38 -Trade with care and safe

AJAYSHARMA AJAYSHARMA NIFTY, 15, Long ,
NIFTY: A complex Flat - Might end at 9560
148 4 4
NIFTY, 15 Long
A complex Flat - Might end at 9560

Nifty is on the verge of completing a flat correction . Flat correction is 3-3-5 structure . In this case wave A is a triple zig zag . Wave b is a zig zag . Now running wave C

ms555 ms555 HDFCBANK, D, Short ,
HDFCBANK: HDFCBANK SHORT HIGH RISK REWARD RSI &ELLIOT NEGATIVE DIVERGENCE
83 0 4
HDFCBANK, D Short
HDFCBANK SHORT HIGH RISK REWARD RSI &ELLIOT NEGATIVE DIVERGENCE

HDFCBANK is showing a negative divergence at RSI & ELLIOT. RSI is at highly overbought zone . Trend Reversal Candle stick pattern has formed in INTRADAY CHARTS in almost all TF. One can short at Cmp of1680 TGT- 1620&1590 SL- 1702 Risk Reward 1:3 So its worth taking!

joel-vg joel-vg USDINR, W, Long ,
USDINR: BIG PICTURE - ELLIOTT WAVE CHART OF US DOLLAR INR
43 0 3
USDINR, W Long
BIG PICTURE - ELLIOTT WAVE CHART OF US DOLLAR INR

elliott wave patterns in US dollar - inr

joel-vg joel-vg TATAMTRDVR, 15, Long ,
TATAMTRDVR: TATAMOTORS-DVR 15 MINUTE ELLIOTT WAVE CHART
60 0 3
TATAMTRDVR, 15 Long
TATAMOTORS-DVR 15 MINUTE ELLIOTT WAVE CHART

tata motors dvr is in a complex correction

CahauhanM CahauhanM NIFTY, 15, Long ,
NIFTY: ulttra bullish nifty at trend line suport
72 0 3
NIFTY, 15 Long
ulttra bullish nifty at trend line suport

as always nifty is in bull run every third or second week market give u chance to enter, buy on deep, i informed u whenever i got some pattern, for but but sake of time ------and sake of tentative count -----i dont give u elliott wave count of diagonal triangle here, but need a few words from visitor of my idea

raca4u raca4u ONGC, D, Long ,
ONGC: ONGC Long - Elliott Wave & Fibonacci Analysis
51 0 0
ONGC, D Long
ONGC Long - Elliott Wave & Fibonacci Analysis

Elliott Wave & Fibonacci First Target 200 till resistance in first wave Second target 260 first possible end of wave 3 Buy till 62% retracement of wave. SL at 63% and above (SL=156)

joel-vg joel-vg FEDERALBNK, 15, Long ,
FEDERALBNK: FEDERAL BANK LEADING DIAGONAL PATTERN
63 0 0
FEDERALBNK, 15 Long
FEDERAL BANK LEADING DIAGONAL PATTERN

Federal bank 15 minute chart based on elliott wave

joel-vg joel-vg FEDERALBNK, 15, Long ,
FEDERALBNK: Federal bank - is it a leading diagonal pattern ?
76 1 3
FEDERALBNK, 15 Long
Federal bank - is it a leading diagonal pattern ?

Federal Bank 15 minute chart critical analysis welcome on this script !

neneram neneram NIFTY, D,
NIFTY: Nifty - view
240 1 5
NIFTY, D
Nifty - view

Hi All , Everything on chart Its just few observations from my end , Don't know Elliot or Neo wave much. Elliot and Neo wave champs please comment. Just for study purpose , Please consult your financial adviser before taking investing decision. Thanks.

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