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Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
lekha1506 lekha1506 USOIL, 15, Long ,
USOIL: Elliott wave analysis
64 0 3
USOIL, 15 Long
Elliott wave analysis

Everything is explained in the chart

lekha1506 lekha1506 BANKNIFTY, 30, Short ,
BANKNIFTY: Elliott Wave analysis
258 0 1
BANKNIFTY, 30 Short
Elliott Wave analysis

Everything is explained in the chart

lekha1506 lekha1506 NIFTY, 30, Short ,
NIFTY: Elliott Wave analysis
255 0 2
NIFTY, 30 Short
Elliott Wave analysis

Everything is explained in the chart

lekha1506 lekha1506 BANKNIFTY, 15, Long ,
BANKNIFTY: Elliott Wave analysis for 19-06-2018
401 0 3
BANKNIFTY, 15 Long
Elliott Wave analysis for 19-06-2018

Everything is explained in the chart

lekha1506 lekha1506 USOIL, 30, Long ,
USOIL: Elliott wave analysis
119 2 1
USOIL, 30 Long
Elliott wave analysis

Everything is explained in the chart

MarketNeeti MarketNeeti PFC, 240,
PFC: PFC LOOKS GOOD TO BUY
145 1 2
PFC, 240
PFC LOOKS GOOD TO BUY

We have seen very good Down trend in the formation of LL/LH from last november but now we can see buyers are coming (as per momentum) and trying to control the market also we have got our first HH so now we need a buy signal only.

fcsa fcsa TATAGLOBAL, 1D, Long ,
TATAGLOBAL: Tata Global - Potential to rise ~30 points
323 13 2
TATAGLOBAL, 1D Long
Tata Global - Potential to rise ~30 points

Tata Global seems to be starting a new up wave.

amitbnl07 amitbnl07 RCOM, 15, Long ,
RCOM: RELIANCE COMMUNICATION
133 0 1
RCOM, 15 Long
RELIANCE COMMUNICATION

Buy the breakout.

lekha1506 lekha1506 NIFTY, 15, Long ,
NIFTY: Elliott Wave analysis for 19-06-2018
169 0 2
NIFTY, 15 Long
Elliott Wave analysis for 19-06-2018

Everything is explained in the chart

lekha1506 lekha1506 BANKNIFTY, 15, Short ,
BANKNIFTY: Elliott Wave analysis for 23-05-2018
125 1 1
BANKNIFTY, 15 Short
Elliott Wave analysis for 23-05-2018

Everything is explained in the chart

alacarte alacarte UPL, 1D,
UPL: UPL Elliott Wave Analysis
90 0 0
UPL, 1D
UPL Elliott Wave Analysis

UPL in corrective wave form. Looks like forming a WXY corrective pattern - ZigZag + Triangle in Wave 4. Triangle Base at 38.2% Fib Ret Lvl. Expecting UPL to rally till 735 levels forming Wave d and then reversing upto 675 levels to form Wave e of the triangle, before brkg out. https://www.tradingview.com/x/AwGE7e1r/

lekha1506 lekha1506 NIFTY, 15, Long ,
NIFTY: Elliott Wave analysis for 05-06-2018
422 1 3
NIFTY, 15 Long
Elliott Wave analysis for 05-06-2018

Everything is explained in the chart

AbhishekHSinghCMT AbhishekHSinghCMT SBIN, 240, Short ,
SBIN: SBIN - The Master Key No-269259274 (50 Points)
670 5 13
SBIN, 240 Short
SBIN - The Master Key No-269259274 (50 Points)

A master key, which can open several locks while each lock would also open by its own unique key- I mean by individual piece of analysis. 50 points back to back which was followed on the post. 19:04 Hrs 31st May 2018 Day High@275 Last Price@270 Trading with me 21st/22nd May 2018 It all started with the idea Trading with me 21st/22nd May 2018 which coincided ...

fcsa fcsa MARUTI, 60, Long ,
MARUTI: Maruti - Start of Wave-V ?
408 25 3
MARUTI, 60 Long
Maruti - Start of Wave-V ?

It looks like Maruti is about to start Wave-V of the Elliot Wave (1hr candles) It is worth trying a long position because the SL can be just a few points below May 30th low 8572... say 8560. If it dips below that then the Wave structure visualised in the chart is not valid and has to be adjusted. Even those who trade in futures are risking only about ...

MarketNeeti MarketNeeti BHARATFORG, 1D,
BHARATFORG: BHARAT FORGE LOOKS GOOD TO SHORT
76 2 3
BHARATFORG, 1D
BHARAT FORGE LOOKS GOOD TO SHORT

Bharat forge broke the support zone in daily timeframe and sellers are controlling the market below support zone till now, We need to wait for any price action sell signal to go short, Don't take trade too early.

rajeshnihalani rajeshnihalani NIFTY, 1W, Short ,
NIFTY: Elliot wave count
520 2 5
NIFTY, 1W Short
Elliot wave count

Wave 5 will finish at approximately 12000 then wave 4 at 7000. please note that this is my idea and i may be completely wrong.

AbhishekHSinghCMT AbhishekHSinghCMT SBIN, 120, Long ,
SBIN: SBIN - 259 - I knocked Your Door!!!
1139 12 28
SBIN, 120 Long
SBIN - 259 - I knocked Your Door!!!

Hello Fellow Traders, Last price - 269.50 - 11:43 Hrs IST Good Morning! Review of last update Knock - Knock ! 259 - As suggested if holds ( no buy position below 259 ) it came close at 260 & moved twice upside to 269-270 zone. You miss me - I shall come back again Last Idea - SBIN / Auropharma - Trading with me 21st / 22nd May ...

lekha1506 lekha1506 BANKNIFTY, 15, Short ,
BANKNIFTY: Elliott Wave analysis for 28-05-2018
467 1 8
BANKNIFTY, 15 Short
Elliott Wave analysis for 28-05-2018

Everything is explained in the chart

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