$BTCUSDT$BTCUSDT looking for short oppurtunity as it have completed a corrected wave to the upside now looking for the downside in short term
Elliottwaveprojection
US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation level of 111.9040, One can go long in dip of wave 2, or can go long on breakout above wave 1's high, in both scenarios stop loss could be same as invalidation level 111.9040, which is nothing but low of wave 1, because as per waves principle wave 2 will never retraces 100% of wave 1.In 1 hour time frame RK's Mass psychological cloud is suggesting to go long only, Because it's above cloud, so don't go short.
possible wave counts on 1 hourly chart
possible wave counts on 4 hourly chart
possible wave counts on Daily chart
RK's Mass Psychological cloud in 4 hour
RK's Mass Psychological cloud in 1 hour
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Natural Gas Possible Elliot wave countsNatural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426
If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias.
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However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
APLAPOLLO has done flag breakout with high volumeAPLAPOLLO NSE:APLAPOLLO is uptrending stock in tyre manufacturing industry.
Considering consolidation from long period since september 21, stock has made breakout today with high volume.
RSI is also crossing level of 60 which shows bull are aggressive in buying and seller are requiring premium to sell.
looks like Stock has completed A-B-C correction and may start new impluse as per elliot wave principals.
Generally if there is followup then upside 40% is seen in this stock.
Kindly do your own analysis and follow your SL.
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Natural Gas Looking good to go longNatural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with good intensity of volume
Overall wave counts
Double positive Divergences
MACD in hourly positive and now above zero line
MACD in 4 hourly positive crossover and uptick.
RSI in hourly above 60.
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However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Naukri Info edge wave counts and much more things.Naukri (info edge)
Friends, please go through details shared below, which are making our bearish bias very strong.
All the key levels are mentioned in chart along with stop loss and Targets.
Possible wave counts on Daily time frame
RK's mass psychological cloud is also suggesting Bearishness ahead.
Bearish divergence in MACD, RSI and STOCHASTIC too.
Currently price below lower band, RSI below 40, MACD negative and below zero line, and finally DMI bearish along with ADX bearish power up.
Breakdown with good intensity of Volume on daily chart, also with further follow up in price action.
MACD in daily Negative with Down tick below zero line
MACD in weekly Down tick below zero line
MACD in Monthly Negative with Down
Price closed below 20WMA mid Bollinger band of weekly time frame.
RSI in Daily is below 40.
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However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty spot possible wave countsNifty is still looking towards south to complete very short term correction.
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However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105.
Breakout with good intensity of volume
MACD already positive and uptick and also above zero line on hourly time frame
MACD uptick and now positive crossing on daily time frame
RSI uptick on hourly time frame
RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any)
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However, If you treat trading like a business, it will pay you like a business.
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
GOLD trend now sell then buy as per Elliott wave counts Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $ 1650 and below.
possible wave counts on weekly time frame
macd in weekly is negative
possible wave counts on daily time frame
macd in daily is negative
possible wave counts on 4 hourly time frame
MACD in 4 hourly is positive but till below zero line
possible wave counts on hourly time frame
MACD in hourly down tick and can cross negative soon
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However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious.
Possible Elliot wave counts on weekly time frame
macd in weekly is negative
Possible Elliot wave counts on daily time frame
macd in daily Negative
Possible Elliot wave counts on 4 hourly time frame
macd in 4 hourly is still below zero line
Possible Elliot wave counts on hourly time frame
macd in hourly negative crossover
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Elliott Wave PatternsTried 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 price area as Wave 1
Wave 2 will develop into a zigzag, flat, or combination. Wave 2 cannot be a triangle in its entirety
Wave 4 will develop into a zigzag, flat, combination, or Triangle.
On rare occasions, Wave 5 will not move beyond the pivot of wave 3. This is known as Truncation
Ratios:-
Ratios for Wave 2
Fibonacci Rule for Wave 2:
Wave 2 is always related to Wave 1.
Common Ratios for Wave 2:
Wave 2 = either 50% of Wave 1
or 62% of Wave 1
Ratios for Wave 3
Wave 3 is related to Wave 1 by one of the following:
Wave 3 = either 1.62 x length of Wave 1
or 2.62 x length of Wave 1
or 4.25 x length of Wave 1
The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an
extended wave, then 2.62 and 4.25 ratios are more common.
Ratios for Wave 4
Wave 4 is related to Wave 3 by one of the following:
Wave 4 = either 24% of Wave 3
or 38% of Wave 3
or 50% of Wave 3
The 24% and 38% are the most common ratios for Wave 4
Ratios for Wave 5
Wave 5 has two different relationships. Both are shown below.
If Wave 3 is greater than 1.62 or extended, then Wave 5 ratios are as
follows:
Wave 5 either = Wave 1 or
= 1.62 x Wave 1 or
= 2.62 x Wave 1
Wave 5
Extended if Wave 3 is less than 1.62 X Wave One
5 = .62 X Length of 0 to 3
5 = 1 X Length of 0 to 3
5 = 1.62 X Length of 0 to 3
If Wave 3 is less than 1.62, Wave 5 ratios are as follows:
When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research,
the ratio of Wave 5 will be based on the entire length from the beginning of Wave
1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or
= length of
(beginning of Wave 1 to top of Wave 3) or
= 1.62 x length of
(beginning of Wave 1 to top of Wave 3)
Regards,
SG
Elliot Wave Analysis of Nifty 50: 15 min chartThis is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames.
The wave (a) was corrected by almost 38.2% to 17626.55 level.
The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed at this level which is approx 61.8% correction of wave (a).
In last one hour of trading hours, index went down sharply to 17487.45. It seems to be the start of wave (c) which may be expected to go down till 17178.8 that is 38.2% correction of wave iii of one higher order.
We can expect the current price movement as wave (c) as long as it doesn't go above end of wave (b) i.e. 17726.5.
Note: This is for educational purpose only, do not take it as an investment advise. Consult with your advisor before investing.
GOLD Flat correction about to Complete! New High Awaits?Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time.
Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern
Wave B retraces 90% of A and then Wave C breaks low of A.
Wave C is 5 wave impulse or diagonal structure
Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$
After low near these levels one can wait for break of 1808$ to consider move beyond 2075$
If wave C goes beyond 1600$ mark then this Analysis will be invalid.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80.
All indicators are also suggesting to go long for ride towards north.
Overall wave structure looks like this
Breakout on daily chart, with good intensity of volumes
RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout.
price challenging upper Bollinger band in daily time frame
Macd in daily positive and uptick above zero line
Macd in weekly uptick above zero line
dmi adx in daily time frame both aligned positive
RSI breakout on daily chart and now uptick above 60
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z.
As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days.
breakout with good intensity of volumes
Macd histogram breakout, along with macd positive uptick above zero line, on daily chart
Macd positive crossover in weekly chart
price closing above 20wma
price in daily chart trying to create momentum towards north
RSI uptick and crossing up 60 in daily chart
dmi adx positive strength on daily chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A.
Negative divergence in both rsi and macd on hourly time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
COFFEE possible Elliott wave countsHere are possible wave counts of coffee on higher time frame to lower time frame like, Daily time frame to 4 hourly and 4 hourly to 1 hourly.
Possible wave counts on daily time frame
Possible wave counts on 4 hourly time frame
Possible wave counts on 1 hourly time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty Wave 4 Wave 5 projectionNifty looks like 3rd Wave just ended & going in Wave 4 which can last for 2 to 3 days. resistance is near 16600 & can take support at 16275 around. Also ichimoku cloud support is nearby 16300 levels From there 5th Wave can start. Also Fed outcome is nearby
Indus Ind wave CountLooks Like Indus Ind wave 3 can end here.
So wave 4 can take it down to good support of 970 around.
From thr it can go for wave 5 to 1070 & 1160 levels..
GoldGold is showing final leg towards south zone has been started to unfold wave 5, which can probably go near $ 1660. On the way up side $ 1792 is an invalidation level.
As per RK's mass psychological cloud also, it is suggesting bearish. once it breaks below $ 1754 then more fireworks can be seen on chart.
RK's mass psychological cloud sell activated
4 hourly macd negative
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
BANDHAN BANK As per Charts Bandhan Bank may have started Wave 3.. above 284 its a good risk reward to buy with targets of 292 300 307 soon
Canara bank Ichimoku support + wave 5canara Bank has retraced from highs of 222 around. Now Can see taking support at .382 % also cloud support here..
Minimum target will be 222 that can extend to 234
Stop loss should be around 201
