Hello Friends,
Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves.
Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas.
Principles and Guidelines of Zigzag...
Confluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry
The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both
The 3rd wave could some times be BAT pattern or DEEP CRAB...
Hello Friends, here we had shared just an observation on correlation between NIFTY and DXY which are clearly showing opposite directional runs from last couple of months, also we are assuming the wave counts on both, which are suggesting same patterns ahead along with good support by this correlation, this increases good chances of winning probabilities of our...
Tried to capture Elliott Wave Theory Patterns:-
Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948).
3 Cardinal Rules of the Elliott Wave Theory
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same...
Asian paints had corrected more than 16% in just a month .
After 101 days, the price is back to the strong support zone.
Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price.
Wave principle is also giving a similar explanation.
There are three confirmations to find the ending point of wave four.
1. Price...
It looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5).
Wave (4) is occurring in double three corrections.
A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern
on the opposite side, which is...
Elliott Wave background
In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of...
6th / 7th Oct2021
The index topped at 17882 this morning was a perfect behavior for the last leg downside in an irregular triangle updated in TradingView Author status / Last idea (add on comment).
6th Oct2021 – WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 )
Irregular structures are those which is surpassed in the next leg as it happened for...
Most common found pattern. Its temporary pause to extended rally.
Key to identify this pattern is rejection after breaking wave A start.
Always look for very smaller margin rise above start of wave A.
C wave is sharp fall to reach 0.382 Fibonacci retracement of rally.
All other details explained in chart. Comment your doubts.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of...
GRAPHITE has retraced 61.8% retracement level, then continued rally and today it has given a breakout as well, 330 or 360 could be next stop if it is extended impulsive wave it can go upto 360 level. 5th wave may end up around 400 level. it has already given box breakout target levels.
A possible projection of Elliot Wave for Eicher Motor stock.
Stock is making impulse wave expecting it to break all time high.
Just for educational purpose.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of...
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Traditional Chart Pattern- Ascending Triangle Discussed along with trading strategies in Hindi & English both. Thanks for watching the video
Active Currently - Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for...
Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Wave Analysis
Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300...
Disclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong.
Reliance gives classic examples where it shows similar targets with help price action and Elliot waves.
Inverse Head and shoulders breakout target seems to reached
As 3rd Elliot wave is extended 5th Wave should be normal (not extended)
During Run up it...
![ITC: Part [A] Basic of Wave Principle](https://s3.tradingview.com/t/tQEg0Nuu_mid.png "Part [A] Basic of Wave Principle")
