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...
In this chart, Price is making a particular range and this is the example of range trading strategy. We can take entry when price breaks the range and PRICE close above or below the Range. I will make study so Trader can use and take profit from this Strategy.
Can short with mentioned level as SL
THIS IS NOT A TRADING IDEA USE ONLY FOR EDUCATION I MAY OR MAY NOT TRADE this already gave a triangle breakout and this is forming a rounding bottom
This may give a breakout above 219 from the ascending triangle consolidation THIS IS NOT A TRADING IDEA EDUCATION ONLY I AM A LEARNER and may be TRADING AS WELL
THIS IS NOT A TRADING IDEA USE THIS ONLY FOR EDUCATION I MAY OR MAY NOT BE TRADING This chart is showing signs on growth The P/E is very attractive and one may invest in this Check the fundamentals for yourself and see if you want to go ahead
THIS IS NOT A TRADING IDEA USE THIS ONLY FOR EDUCATION I MAY OR MAY NOT BE TRADING IT Rising wedge good to short
THIS IS NOT A TRADING IDEA USE ONLY FOR EDUCATION I MAY OR MAY NOT BE TRADING IT ASHOKLEY - Shooting star suggests selling pressure but overall chart patter is good and as long as the lower trend line is not broken stay long put an alert below Nov 20 low SRTRANS - TFD BO given at 796 on ascending triangle and now sitting in positive channel check levels on...
THIS IS NOT A TRADING IDEA USE IT ONLY FOR EDUCATION I MAY OR MAY NOT BE TRADING THIS SRTRANS gave triangle breakout at 796 and is now sitting in positive channel T1 1039
I AM A LEARNER SO USE THIS ONLY AS EDUCATION DO NOT TRADE I MAY OR MAY NOT BE TRADING THIS There is a SHOOTING STAR on the TFD but the overall pattern looks good, if the chart stays within trend lines one can stay invested if it falls below the trend line then look for levels not on chart.
The Fibonacci retracement (50% ) is at in and around 217. The short term looks bearish. (1-3 months) However from a long term perspective the share can be bought on every dips.(2+ years)
USOIL has broken the higher time frame trendline, so we can expect a simple bullish move in USOIL and Crude Oil, as it is facing some resistance in smaller time frame resistance (shown above), it can break that level too. It's just a personal view, not a call.
Wave C might be unfolding here. Its tricky so have to wait and wathc