Trend continuation happened after undergoing a triangle correction wave. I'm just a beginner trying to learn Elliot waves.
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...
We see: 0-1 Impulsive wave 1-2 Triangle correction wave 2-3 Impulsive wave 3-4 Correction 4-5 Ending Diagonal wave And the immediate fall
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...
The rules of elliot wave theory are strict, any break of the rule may lead into wrong analysis, always keep rules on your mind while labelling the waves. If you're a beginner, write down the rules in a sheet of paper, read it before labelling the waves. How to improve yourself? Practice! The more you practice, better the results. Regards
Disclaimer ----------------------------- 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...
Airtel 15 min chart forming Elliott wave?
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...
In the Five-Wave pattern, 3 of the waves are in the Directional Movement they are 1,3 and 5. The remaining 2 waves are Countertrend interruption they are 2 and 4. Waves 2 and 4 are necessary for the directional movement to happen. 3 Rules of Wave Pattern >Wave 2 can never overlap wave 1 >Wave 3 can never be the shortest >Wave 4 never enters the wave 1 Waves...
I have described the complete market cycle of elliott on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I've reviewed all types of waves, I can summarize their labels as showed in the nifty chart. If you have any query regarding to my chart or mistake in it, let me know throughout the comment. thank you.
AS PER MY ANALYSIS I THINK GAIL HAS COMPLETED ITS ABC CORRECTIVE WAVE AND NOW IT WILL GO UP
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: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...
This is called Market Geometry. Reliance in correction mode. B retraces 50% of A and usually A=C or C is bigger than A by 161.8%. 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 judgment while investing/Trading decisions. Past...
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...
Very soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take...
only for study according Elliott's wave theory it has completed its 1st cycle perfectly. -------------------------------------------------------------------------------------- and have a look at its bar ..... aporox 144 bar are there ____________________________________________________________ ____________________________________________________________ So lets...
Om Namah Shivay Trying the counting of EW for Bharat Forge from last bottom level. I Assume a Double Three. It could be at making of 4 if levels are respected. Om Namah Shivay