Negative divergence on RSI for wave 3 and wave 5 was indicating weakness which is confirmed when wave 2 & 4 trend line got broken in less time than wave 5 took to form.However wave 4 low's has not been taken taken out in less time than wave 5 took to form indicating current fall is correction and not major trend reversal. Question is what form will this...
Idea of using Elliott wave with Fibonacci level
seems a leading diagonal shall be formed here after the diagonal is formed , it shall retrace a bit ( marked two retracement levels i.e. 61.8 & 78 ) then the upside move towards 1200 .. so this is a watchout counter for next week that is last week of April 2021 Happy investing
METROPOLIS COMPLETED 5 IMPULSIVE WAVE ON MINOR DEGREE FOLLOWING WHICH IT IS CORRECTING RIGHT NOW.POINT IS WHERE IT WILL END AS STOCK IS IN CLEAR UPTREND AND GETTING LONG IS IDEAL TRADE ON THIS STOCK TO TAKE AS WAVE 3 OF INTERMEDIATE WILL BE STIPPER AND RAPID. PRICE ZONE OF 2227-2211 CAN ACT AS GOOD SUPPORT REASON'S ARE AS FOLLOWS 1)PREVIOUS MULTIPLE HIGH'S...
Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...
Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.
Wedge Pattern - for Right Shoulder (Complex Correction)
Last - 30350 For Educational Purpose - Jumping on parabolic move such as yesterday where BTCUSD touched highs of 34800 can be extremely risky when the moves end. Not A Trading Call
Corrective Wave b of Primary degree is likely to get complete at 550-560 if the correction is not a expanded or running flat. Wave 5 of Primary degree got completed in Feb'20 and the fall of March was possibly the wave a of the correction. Wave a while completed quickly, wave b might be taking 9 months if gets completed in Dec. Taking que from here, for most part...
Elliott wave 5 in progress.
In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF . One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
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...
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...
TVC:USOIL going under an A-B-C Correction Wave
Education Idea Axis bank Wave 2 = Regular Flat Wave4 = Ascending Triangle (triangle often occur in penultimate waves) Rule of alternation - corrective waves are of alternate type Wave 5 - Ending Diagonal (type = 33333) Trading idea/Analysis to follow on Shorter TF
For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart: The impulsive move The corrective move. Motive Cycle: The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary; It takes the form of 5+3 wave = 8 Wave patterns. It has the three waves 1, 3, 5 moving...
Not A Trading Call. Just for Educational Purpose Last Price-2010 / 11:46 Hrs / 11th Nov2020 ------------------------------------------------------------------------------------------------------------------------------ Recap Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall...