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Elliott Wave

Nifty - Awaiting the Fifth Wave for a BreakoutNifty recently hit a low of 21,905 , marking a key reversal point in the trend. A well-defined Head and Shoulders pattern is emerging, with the right shoulder currently forming. The ongoing pullback has retraced to the 38.2% level, but there is potential for it to extend towards the 50% mark at 22,906 . However, the upward move appears to be losing momentum, with buying interest remaining subdued. Based on the chart, the head of the pattern signifies the beginning of a new impulse wave. This appears to be the fourth wave within the larger first wave. Once Nifty completes this corrective phase, the fifth wave is expected to present a trading opportunity. If wave equality holds, Nifty could potentially rise to 24,857 .
NSE:NIFTY
by Money_Dictators
1
GOOGL - Elliott Wave Final ShowdownGOOGL has dropped over 27.28% , reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart. Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195. A new low will form if the previous low is breached. Further research will be uploaded soon.
NASDAQ:GOOGL
by Money_Dictators
Is Bitcoin on the Verge of a Massive Breakout?Bitcoin's wave ((4)) has successfully completed a W-X-Y corrective formation. If Bitcoin manages to decisively break above the key resistance level of 88,826, it could trigger a powerful impulsive rally, potentially driving prices toward the next major targets at 95,250 - 99,508 - 109,176. Additionally, the parallel channel's lower trendline is offering substantial support, preventing further downside movement. A strong breakout above this channel could significantly enhance bullish momentum, increasing the probability of Bitcoin reaching new all-time highs. We will update you soon!
BITSTAMP:BTCUSD
by Money_Dictators
1
Is gold going to be eclipsed? ------------------------- Timeframe: 240 Min ------------------------- The price action suggests a completed impulse structure originating from the 2833 low, with gold now trading at an all-time high. Based on cluster zones and Fibonacci extensions, wave (5) still has the potential to extend toward the 3150-3200 range. This zone represents a key resistance level where buying momentum may slow down, signaling an impending shift in market dynamics. Once wave (5) completes, it will mark the end of wave ((3)) of a higher degree, setting the stage for a corrective move. A retracement toward the previous wave (4) level is expected as wave ((4)) develops, aligning with historical corrective behavior after extended rallies. This phase will provide crucial insights into the market’s next major move. Stay tuned for further updates.
OANDA:XAUUSD
by Money_Dictators
2
BPCL Elliott Wave Analysis – Breakout & Final Impulse UnfoldingKey Insights: - BPCL broke out of a long-term contracting triangle (A-B-C-D-E) that had been forming since 2018. - The breakout from Wave E (end of the triangle) triggered a strong impulsive rally, confirming a bullish trend. - The primary impulse wave (Red 3) peaked, followed by a corrective Wave 4, which appears completed around the ₹256 zone (1.618 Fib). - Now, BPCL is in the **final impulsive move (Red 5), with a 5-wave structure unfolding inside it. Technical Structure & Levels: -Contracting Triangle Breakout**: The breakout signaled the start of a strong uptrend. - Wave 1 Red 5 is in progress with potential Fibonacci targets at: - ₹312 (2.618 Fib)** - ₹368 (3.618 Fib)** - ₹424 (4.618 Fib)** - Wave 4 retracement expected before final Wave 5 completion of the larger cycle. Key Levels to Watch: 🔹 Support: ₹278 (Previous Wave 4 low), ₹256 (1.618 Fib) 🔹 Resistance: ₹312 (2.618 Fib), ₹368 (3.618 Fib), ₹424 (4.618 Fib) 📢 Possible Breakout Confirmation: If BPCL clears ₹312 convincingly, it could accelerate towards ₹368 and ₹424, completing the larger impulsive structure. 🚨 **Disclaimer:** The content shared is for **educational and informational purposes only** and should **not be considered financial advice, investment recommendations, or trading signals**. I am **not a SEBI-registered analyst or advisor**. Always conduct **your own research and analysis** before making any financial decisions. Trading and investing involve significant risk, and past performance is **not indicative of future results**. I may be **completely wrong** in my analysis. Please consult a professional financial advisor before making any investment decisions.
NSE:BPCLLong
by kalpeshloke
NIFTY Elliott Wave Analysis - Long Term targetAfter taking a strong run-up from COVID swing low, Nifty corrected 18% from Oct 2021 till June 22. The correction also followed Elliott Wave principles of the 5 main waves. From June 2022, a larger Elliott Wave is in progress with Wave 3 lasting almost 1.5 years, from March 2023 till Sep 2024. Wave 5 targets can take Nifty above 30k, before we see another major correction that can bring it down to 20k levels. This timeline coincides with the famous Samuel Benner's Market Cycle theory, which states 2026 as a "year of good times, high prices and right time to sell stocks". medium.com
NSE:NIFTYLong
by anubhav_karanseth
AUDUSD - SELL - Wave 5 - Elliott wave AUD/USD (Australian Dollar/US Dollar) is a major currency pair in the Forex market, representing the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). It is influenced by factors such as: Commodity Prices: Australia is a major exporter of commodities like iron ore and gold, so AUD/USD is highly correlated with commodity price movements. Interest Rate Differentials: The Reserve Bank of Australia (RBA) and the US Federal Reserve's interest rate decisions impact the pair significantly. Market Sentiment: AUD is often seen as a risk-on currency, meaning it strengthens during times of global economic optimism and weakens during uncertainty. US Economic Data: Since USD is the world's reserve currency, US economic indicators like inflation, employment, and GDP growth influence AUD/USD. This pair is popular among traders due to its liquidity and volatility, making it a favorite for both short-term and long-term strategies. Are you currently trading AUD/USD, or just analyzing it?
Short
by KaniSivan
TATAMOTORS ONLY BENEFICIAL FOR SHORTS ???So Far in Tata Motors Only shorter's have benefitted. How long the shorter's will continue to benefit, not for very long time. Wave 4 is going to end soon and we are about to complete wave 5 of 5. Possibilities: 1) Wave 5 will get truncated and we will see the upward trend soon 2) Wave 5 will take its own time to complete it and will end around 600-605. if I have to short I will be very cautious and will go only with very strict stop loss. Disclaimer: I am not SEBI registered member. This is only for educational purposes, please do your own analysis before taking any trades.
NSE:TATAMOTORS
by Swiftstrike
NIFTY detailed countingAs discussed in the last post, NIFTY's price has crossed over 23026.85 before 21st March so we can count the current move as wave (3). We can also see that price has broken the base channel, which is an important sign of wave (3) progression. The detailed counting is given in the chart. As we can see, the price is in subordinate wave 3 of the bigger wave (3). The minimum target of Trending Impulse is 161.8% as per the rule. We can expect the price to touch that level in the upcoming session. I have marked, for now, a bigger wave (3) (in red) at 161.8% but as mentioned earlier, it is just the minimum target of it and the price may go beyond this level too. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. This analysis is for educational purposes only.
NSE:NIFTY
by theprofityogi
1
NLC buy above 275 for target of 307 plusLook at the NLC chart, you will see that the downside it will go to 214-210 to complete the C wave in which e-wave will reach 214-210 to complete the triangle. However there are chances of truncation and it might start moving up. The strategy is to let it move conclusively above 275 rs, post which it will reach 307 plus in matter of few days if you are impatient then you can purchase now, but also consider the downside before taking any decision. Disclaimer: I am not SEBI registered member and this idea is only for educational purpose, do your own analysis and then take a call.
NSE:NLCINDIA
by Swiftstrike
NIFTY: What's next?Nifty is moving as per our previous prediction posted on 5th March. After making a low of 21964.60, which is the completion of wave Z, the price is moving upwards. If this move is impulsive, the price must reach 100% level (23026.85) by 21st March. At this level, there is a cluster of Fib retracement level of 23.6% Further targets will be 127%, and 161.8% levels. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. For educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
Gold - Long Term Elliot Wave Counts - Top is near!Gold has finally started it's last leg up, 5th of 5th on Weekly. This can go another 3-5% to 90600, 9100 or so, or maybe slightly higher, however, when it ends, we are looking for a sharp fall, as an extended 5th with short retracement in 4th doesn't end well. Lot of people would be trapped, and when it starts breaking levels it will create double pressure from bears shorting and bulls covering longs. I am expecting around 75k.
MCX:GOLD1!Short
by pankajarora232
7
Dow Jones Industrial Average further correction PossibilityThe Dow Jones Industrial Average (DJIA) is currently at 41,500, and a potential bearish continuation could push it down to 38,400. If the downward momentum persists, the index could correct by approximately 7.5%, possibly due to factors such as global politics, economic slowdown, or weakening corporate earnings. A break below key support levels could accelerate selling pressure. If Weekly candle close above 42540 then possibility to have some bullishness. Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice. Stock market movements are influenced by various unpredictable factors, and past performance is not indicative of future results. Investors should conduct their own research and consult with a professional financial advisor before making any investment decisions. Neither the author nor this platform assumes any responsibility for financial losses incurred based on this analysis.
TVC:DJIShort
by kadamajinkya109
3
Elliott Waves Insights: Tesla’s Roadmap to SuccessHello friends, let's analyze Tesla's chart using theory. This is a 4-hour chart where we can clearly see that the higher degree, primary degree wave ((3)) in black has been completed. Currently, we're on the verge of completing wave ((4)) in black of the primary degree, which has three subdivisions marked in blue as (A), (B) & (C). (A) and (B) are completed, and (C) is near completion. Within (C), we have five subdivisions in red, of which 1, 2, 3, & 4 are completed, and the 5th is also more than 60% complete. Once the red fifth is complete, it will mark the end of blue (C) and primary degree wave ((4)) in black. As soon as wave ((4)) is complete, we can expect a reversal, which should be wave ((5)). Which should cross the high of wave ((3)) which is ATH, So, we're expecting wave ((5)) to start move upwards. Now, friends, what's the invalidation level for this view? It's $139.20. This is a level that wave ((4)) should not cross, as it's the low of black wave ((2)). According to theory, wave 2 cannot retrace more than 100% of wave 1, wave 3 cannot be the shortest in impulse, and wave 4 cannot enter the territory of wave 1, which is here we’re witnessing in current scenario, which is considering we’re in any diagonal or triangle of higher degree. If wave ((4)) crosses $139.20, it will invalidate our view. We might be missing some dots to join or create the picture perfectly. Currently, the price is around $222, and we might see a small bounce before making a lower low possibly around $200. If we witness a divergence there, it could lead to a reversal. Please note that this study uses theory and structures, involves multiple possibilities, and focuses on one potential scenario. There's a risk of being completely wrong. This is for educational purposes only, and users should not trade or invest solely based on this study. 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.
NASDAQ:TSLALong
by RK_Chaarts
2