We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom,
Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns.
I have covered Three chart patterns in this article,
1) Triangles
2) Head and shoulders
3) Double Top and Bottom
1) Head and shoulders :
In addition, the two lows...
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...
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
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...
On the price chart can be draw in parallel lines. For example, prices come right in front of you. If this is accurate and if I call the channel of the true value you draw. No, see if it is contained by parallel lines.
It is a reasonable price, the price of the action counter train is contained by the action parallel mind, so if the price action is not contained...
ELLIOT 3RD WAVE SETUP
What is Wave 3 of Elliott cycle?
Image result for 3rd wave setup in algo trading
The third wave of the Elliot wave theory is the most visually standing out wave. After the consolidation of the second wave, third wave breaks out. The third wave is a 161.8% Fibonacci extension of the first wave. As it is an impulse wave it is always in the...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
WELCOME all you guys, XUANHAIMMOER come back with analysis for Bitcoin using Elliot Wave Strategy and Logical target that I have been researched.
So for encouraging me please leave a LIKE if you can get a huge value and learning from this analysis post.
Actually it is very long and long for explain detail about this one but you can zoom the chart for each...
Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels.
Bank Nifty
Second waveform can start and wave 5 for previous wave form is complete with correction of ABC. Today's last 15 min start of new likely wave of Bank Nifty is beautifully mapped on 15min Chart for your consumption.
Also if it enters...
All the gaps must be filled properly before any change of trend occurs (Final One being at 8200). Till now the waves have been respected. From next week corrective waves will start forming.
NOTE:LEARNING CHARTING FOR THE VIEWERS
PLEASE FEEL FREE TO EXPRESS YOUR OPINION
THIS CHART IDEA IS SHARED TO SHOW
MY VIEWERS HOW THE NIFTY
ACCORDING TO ME HAS PANNED OUT ON WEEKY CHARTS
WITH REFERENCE TO FIBO LEVELS AND ELLIOT WAVE WITH FRESH WAVES CONSIDERING THIS WAVE IS VISIBLE .
WAVE 1:-
INDEX MOVES FROM 6825 TO 8968 FOLLOWED BY
WAVE 2:
CORRECTION FROM...
Let’s take this labelling as a case study.
The red ABC pattern is a 3-wave pattern. It’s a correction.
Corrections happen in waves 2 and 4.
This entire correction happened in wave 2. After wave 2 comes wave 3. That sharp upward spike on the right is wave 3. Wave 3 will help price to resume its upward trend.
Now, inside that ABC correction is another correction....
Nifty has been in the parallel channel for quite some time and has completed the 5th Elliot wave.
We are likely to see a zig-zag correction where wave A is completed.
Wave B is most probably the last bull run we'll see ahead of Diwali.
The support line of the parallel channel is likely to be broken and I'm expecting a sharp correction in nifty (wave C) to 17000...
![BANKNIFTY: Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?](https://s3.tradingview.com/d/Dp8mzokW_mid.png "Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?")
