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Elliott Wave

Possible Elliott Waves Counts of BITCOINHello friends, today we're analyzing the Bitcoin chart based on Elliott Wave Theory. We're using a 4-hour chart, where we can clearly see that we've completed the intermediate degree 3rd, 4th, and 5th waves means the completion of the primary degree ((3)) wave marked in black. After that, we completed another primary degree ((4)) wave marked in black. Currently, we're moving upwards, which should be the primary degree ((5)) wave, containing five sub-divisions marked in blue as (1), (2), (3), (4) and (5) We've almost completed the (1) sub-division and are nearing the completion of the (2) sub-division. According to Elliott Wave Theory, if the recent low wave ((4)) at around $70,200 holds and doesn't break below, the price has the potential to reach new highs towards $110,000 to $120,000. This analysis is entirely based on Elliott Wave Theory and its structure. In this study we used Elliott Wave Theory & Structures, here we have plotted possible wave counts on daily time frame chart of DXY Dollar Index, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong. 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. Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
2
Nifty EW UpdateSo we had a good 2 days of upside. I am changing the possibilities a bit: 1. Possibility 1 (Red): We are in larger Triangle (ABCDE - Red) E done and we have made a bottom. Wave 1 of next leg up seems done, we should expect a 2 now. 2. Possibility 2 (Blue): We are in a Larger ABC (Red) and C is further an ED (ABCDE - Blue). In that case the leg up of last 2 days was an A. We should expect a B down (22200-250) and C up (22800, 23050) which will complete D. Post that, we will have a E of Red C down, mostly till 21500, 21200. Still hoping red one holds, but no one knows. :)
NSE:NIFTYLong
by pankajarora232
Is it a reversal in NIFTY?If we observe the daily chart of NIFTY, a pattern like Morning Star can be seen near the 161.8% retracement level. Also, as per our previous study, the recent fall was wave (Z). The minimum target for it is 38.2% extension (which is a failure wave (Z) because most of the time, it is seen that wave (Z) is a failure or truncated). So, we can have a risky buying opportunity here with a small stop-loss below the recent low. Or, if one wants to play safe, he may have his stop bellow 61.8% (21662) level. The near target will be the bottom of wave (Y), i.e., 22786.90 This analysis is based on the Elliott wave theory and Fibonacci. This is not any buying recommendations. This analysis is for educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
Nifty - Elliot Waves UpdateWe are in a confusing situation right now. Possibility 1 (in red): We are in an ED and E of ED got done in ABC Possibility 2 (in blue): Larger C is going on and only 3 of C3 is done - We can head till 20500 (even lower) in this case. In both cases we are either at bottom or within 5% of it. However, upside is big - at least 23500. One good thing is that we recovered after a gap down in last 2 days, especially when US markets fell quite sharply yesterday. Wait and watch time for traders. Deploy cash time for investors :)
NSE:NIFTYLong
by pankajarora232
Expanding Flat on NVIDIA: Bearish or Final Leg?NVIDIA after a recent bullish trend has formed an Expanding Flat correction. Wave (B) exceeded Wave (A)’s start, confirming this as an Expanding Flat (3-3-5) structure. Wave (C) is in progress, unfolding in a five-wave sequence. The 1.618 Fibonacci extension (~102 USD) is a key support zone, with 2.618 (~56 USD) as an extreme bearish target. A reversal could follow after Wave C completes, so these levels are crucial to watch. Key Levels to Watch: 102 USD (1.618 Fib extension - first support zone). 56 USD (2.618 Fib extension - extreme bearish case). ❓ Is this the final leg down before a bullish reversal, or more downside ahead?
NASDAQ:NVDAShort
by WaveXplorer
City Union Bank completed a Wave 4 on Weekly timeframeCity Union Bank has been in an uptrend since February 2009 and has recently completed Wave 4 in a triangle pattern. Now, it is poised to form Wave 5 in the coming weeks. A conservative approach to maximize gains from Wave 5 is to enter the market at the right moment, which is when the stock starts trading above Rs. 181, marking an entry over Wave D of the triangle. This strategy aligns with the principles of Elliott Wave Theory, where Wave 5 typically represents a final upward movement in the trend. By waiting for the stock to trade above Rs. 181, you can potentially capture the gains from this anticipated upward movement.
NSE:CUB
by rajnish_jana
Nifty 50 - Potential Deep Correction AheadAfter analyzing the current structure of the Nifty 50 index, I believe we're looking at a potential deeper correction in the market. The larger downtrend has been playing out with Wave A completing at 23,263.15. We're now in Wave C, and a deeper correction could be expected with Wave C potentially extending further down. Key points: Wave 5 might be Wave 3 and could indicate a bigger correction. Wave C could target 21,292.70, with further downside potential. The Max retracement for Wave 4 suggests a corrective rally without violating the start of Wave 1. Fibonacci extension indicates a deeper retracement, possibly extending beyond the 1.618 level. I believe there's a strong chance the market might head lower, and this could mark the start of a bigger trend reversal. Would love to hear your thoughts and if others are seeing a similar pattern! Let's see how this unfolds. Chart Details: Timeframe: 4-Hour Chart Indicators: Fibonacci retracements, wave counting Key Levels: Target for Wave C: 21,292.70 or lower Max retracement for Wave 4: 22,720.30 1.618 extension: Lower levels are anticipated.
NSE:NIFTYShort
by WaveXplorer
14
Nifty 50 - Elliot Wave UpdateHere are the scenarios (ignore technical details (as I can post only one chart per post) Possibility 1: ED in E of E - 22400 should be low Possibility 2: C started in E - Can go till 22000 - 22250 Possibility 3: C1, C2 done C3 going on - This will be bad. - 21600 possible Tomorrow (Friday, Feb 28) is a crucial day for us to get the answer. Tracking Nifty 500 (currently at 20315) will give a better picture. Why? Because it was holding above the previous low, while Nifty had broken. This was giving the confidence that Nifty is divergent and forming a bottom, and we should head up after Feb expiry. So, here’s what we need to track in Nifty 500 (today’s close: 20315) ⁠ If we turn before 20130 - We'll go up till 22300-500 ⁠If we break 20130, then we'll first go down to 19300-500, and then recover to 21500-700 Best would be today’s closing becomes the bottom, and we have a +1% green day tomorrow - breaking 20550 tomorrow is important (20 month moving average). Let's see what the market has in store!
NSE:NIFTYLong
by pankajarora232
U(R) Truce on the Way – Nifty: Nervous to Nirvana! ElliottWave Life and markets share a common truth: Decisions made at crossroads define the journey ahead. Whether it's turning left or right at an intersection or navigating the ever-changing waves of financial markets, one thing remains constant—preparation is key. In trading, emotions often cloud judgment. The impulsive, last-minute decisions taken without a backup plan lead to uncertainty, just as a driver who hesitates at a crucial turn may end up lost. If you don’t prepare in advance, you will always be at the mercy of emotions rather than logic. I’ve always warned about hidden market paths, sharing insights through stocks like BHEL, ONGC, and others that signaled Nifty’s nervousness well before it unfolded. If you ignored the signs or failed to rethink, then neither I nor anyone else can help—because wisdom lies in learning before mistakes become losses. As someone once said: 👉 If you learn from your own mistakes, you’re intelligent. 👉 If you learn from others’ mistakes, you’re a genius! Now, coming back to our topic: The Ukraine-Russia Truce & Nifty’s Grand U-Turn? The war between U (Ukraine) & R (Russia) seems to be moving towards a truce, but only time will confirm its reality. However, technically, Nifty has been unfolding a wedge pattern since December 2024—a structure known for its time-consuming, overlapping movements across multiple wave degrees. On January 29, 2025, I proposed a falling wedge scenario with a key requirement: Nifty must overlap 22,537 to confirm the pattern Copyright of WaveTalks By Budget Day (February 1, 2025) Not only did Nifty hit this level, but it surged to 23,807 on February 5, adjusting the structure to an expanding wedge — a rare phenomenon . 6th Feb 2025 - Expanded Ending Diagonal Last Wave Pending Downside (One Day Before RBI Policy on 7th Feb 2025) Copyright of WaveTalks 11th Feb 2024 - What a fall in Expanded Ending Diagonal Copyright of WaveTalks What’s Next? The Big U-Turn? If this pattern completes in the current zone and starts bouncing upwards, we might witness Nifty’s journey from Nervous to Nirvana—a potential upside move towards 25,000, possibly even 26,277 for a new high! Are We Ready for the Grand Turn? Just like life, trading is about preparation. Those who anticipate the next wave will ride it effortlessly; those who hesitate will be left watching. Stay tuned as this unfolds—Catch me with another exciting idea from WaveTalks… Market Whispers! Can You Hear Them? Regards, Abhishek
NSE:NIFTY
by WaveTalks
20
#Nifty directions and levels for February 21:Good morning, Friends! 🌞 Here are the market directions and levels for February 21: Market Overview The global market has a slightly negative bias; however, the structure remains bullish (as indicated by the Dow Jones). Our local market is maintaining a moderately bearish sentiment. Today, the market may open neutral to slightly gapping down, as the Gift Nifty indicates a negative move of 50 points. In the previous session, both markets consolidated after a gap-down start. What about today? Structurally, we are still in a range, so it may continue in that manner. However, in the previous session, apart from HDFC Bank, all banking stocks performed well. If HDFC Bank supports the market today, we can expect some positive bias; conversely, if it does not support, the market may consolidate or correct. Just my opinion—let's look at the chart. Nifty Current View: The current view indicates that the Gift Nifty is suggesting a gap-down start. If the market finds support around the 78% level, or if the initial market takes a solid pullback without breaking the previous day's low, we can expect a pullback of a minimum of 38% to 78% within the range. After that, if it breaks the top of the range, we can expect a continuation of the rally, based on the structure. Alternate View: The alternate view suggests that if the gap-down has a solid structure and consolidates around the 78% to minor pullback zone, then the correction will likely continue to 22,725 to 38%.
NSE:NIFTY
by Manickamtraders
5