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Elliotwaveanalysis

USDJPY Vulnerable to Deep Pullback After Wave 5USDJPY has completed a full 5-wave rising structure inside a clear wedge pattern, which usually signals exhaustion. The final Wave (5) shows weakening momentum, and price is beginning to slip below the wedge support — an early sign that the trend may be reversing. This suggests the pair is likely entering a deeper corrective decline, potentially retracing toward 150 or lower in an impulsive A-B-C move. In simple terms: uptrend looks tired → wedge breakdown could trigger a strong downside correction. Stay tuned! @Money_Dictators Thank you :)
Short
by Money_Dictators
Bullish — Silver bounce expected toward ₹1,59,000 and ₹1,72,000 Silver Futures (SILVERZ2025 – 4H Chart) Technical Outlook Elliott Wave Structure & Current Setup Silver is currently trading in Wave 4, and the corrective phase appears to be complete. Silver has completed its Wave 4 correction and has started a new impulsive leg (Wave 5). A breakout above ₹1,50,000 has confirmed bullish momentum, supported by RSI and MACD signals. 📈 Upside Targets: ₹1,59,000 – first resistance / 6% upside ₹1,72,000 – extended target / 13.5% upside ⚙️ Supports: ₹1,49,000 – near breakout retest zone ₹1,44,000 – wave 4 base, invalidation below this level
MCX:SILVER1!Long
by tradetechnicalanalyst
1
XAG/USD Set for Decline After Finishing Wave YSilver has completed a clear 5-wave upward move, ending near the 51.23 zone, which likely marks the completion of Wave C of the corrective structure. Price action shows rejection from the upper trendline, signaling that buying momentum is fading. This suggests the start of a new A–B–C corrective decline, where Silver could first drop toward 48–47 levels before any temporary bounce. The overall structure remains bearish in the short term unless the price breaks above the 52.76 invalidation zone. In simple terms: rally looks complete → downside correction likely ahead. Stay tuned! @Money_Dictators Thank you :)
OANDA:XAGUSD
by Money_Dictators
7
US Dollar Weakness Likely After Final Push UpDXY has completed a complex corrective W–X–Y pattern, with the final leg (Y) recently topping near the 100.50 zone. Price has failed to break above the invalidation level, suggesting the uptrend is losing strength. This signals that the dollar may have finished its corrective phase and could now start a fresh bearish wave targeting lower zones near 97–98. The overall structure indicates that momentum is shifting from bullish to bearish. In simple terms: rally is likely over → downside move toward new lows expected next. Stay tuned! @Money_Dictators Thank you :)
TVC:DXYShort
by Money_Dictators
Silver Correction Ending: Major Drop AheadSilver (XAG/USD) has completed a 5-wave decline, marking the end of Wave (A)/(1) near the 45.53 level. Since then, price has been retracing upward in a complex W–X–Y corrective structure, which appears to be forming the final leg of Wave (B)/(2). The rise is losing strength near the upper channel, hinting that bulls may soon exhaust. Once Wave (B)/(2) finishes, the next big move is expected to be a strong bearish Wave (C)/(3) decline targeting lower zones near or below 45. In simple terms: last leg of correction nearly done → next big drop ahead. Stay tuned! @Money_Dictators Thank you :)
CAPITALCOM:SILVER
by Money_Dictators
2
Astral on the Verge: Technical Breakout & Investment Zones MappeAstral Limited : CMP: 1557.30: After studying its monthly chart structure and weekly Elliott Wave formations. Recent price action suggests a potential breakout setup, offering opportunities for both aggressive traders and patient investors. Entry for Aggressive Traders: • Aggressive traders can look for a breakout above the recent swing high near 1,579, as marked on both the monthly and weekly charts. This level has already shown strong momentum, with a notable price jump of +7.39% in the recent candle. • Targets: 1630, 1725, 1795, 1935, 2200. Use trailing stop-loss: 1500, 1625, 1710, 1790, 1900 as you move up.​ Manage risk and adjust stop-loss as per levels. Conservative Entry for Investors • Investor Entry: Investors may enter on reasonable dips towards 1,440–1,460 support zone, as this range aligns with previous resistance turned support and is less volatile. Alternatively, entry after confirmation of the breakout above 1,579 with sustained volume is also suitable. • Targets: Investors: Enter between 1,440–1,460. Targets: 1,935 and 2,200 for the medium term.​ These represent major Fibonacci retracement zones and historical resistance levels, suggesting strong probability of acting as future price objectives. Investors can use a wider stop near 1,230 based on weekly chart support. 📌 Thanks a ton for checking out my idea! Hope it sparked some value for you. 🙏 Follow for more insights 👍 Boost if you found it helpful ✍️ Drop a comment with your thoughts below!
NSE:ASTRALLong
by DrPrashantVerma
S&P 500 – Elliott Wave Breakdown & Long Setup (15-Min Chart)The S&P 500 has completed a full five-wave impulsive decline and is now progressing through a corrective A–B–C structure, offering a potential long setup on the horizon. 🔍 Wave Structure Recap: - Wave (1) began on Oct 29, 2025, from a top of 6,920.33, and ended on Oct 31 at 6,814.27. - Wave (2) retraced to the 61.8% Fib level of Wave (1), topping at 6,879.01. - Wave (3) extended to the 161.8% Fib projection of Wave (1), bottoming at 6,707.52. - Wave (4) retraced between the 23.6%–38.2% Fib zone, peaking at 6,757.64. - Wave (5) concluded near the 61.8% extension, at 6,631.45. 📈 Current Setup: - The index is now completing corrective Wave A, currently in its final sub-wave (v), targeting the 38.2% projection at 6,734.47. - We anticipate a Wave B retracement toward the 50%–61.8% zone, near 6,670, which will be our entry level to go long and ride the upcoming Wave C. 🧠 Strategy: - Wait for Wave A to complete near 6,734. - Look for bullish confirmation around 6,670 during Wave B. - Target Wave C extension with trailing stops to capture the move.
TVC:SPXLong
by Rajnish_Jana_
AUD/NZD Nearing Peak: Expect Controlled PullbackAUD/NZD has completed a clean 5-wave impulsive move to the upside, finishing Wave (1)/(A) near the recent peak. From here, the price looks ready to start a deeper correction in the form of Wave (2)/(B), which may pull back toward the lower support zone inside the rising channel. This corrective move could unfold in multiple legs before turning bullish again. Once Wave (2)/(B) completes, the chart expects a strong rally into Wave (3)/(C), aiming for new highs. In simple terms: a healthy pullback first, then a powerful upside continuation. Stay tuned! @Money_Dictators Thank you :)
by Money_Dictators
GOLD – TRIANGLE COMPRESSION ON H4 ✨ GOLD – TRIANGLE COMPRESSION ON H4, AWAITING A STRONG BREAKOUT IN WAVE 5 ✨ 💬 Gold is accumulating in a compression triangle – when silence lasts too long, the market is about to speak. Hi everyone 💖, Kristina is back with today's perspective on gold. I hope this analysis will help you – whether you're a new trader or have been trading gold for years – gain a clearer view to prepare for the upcoming breakout. 📉 Technical Analysis: Currently, gold is moving within a triangle pattern on the H4 frame, indicating that market energy is being compressed. When the price breaks out of this area, the movement range could reach several tens of points. Important support zone: 3960–3980 Strong resistance zone: 4035–4045 👉 When the price breaks one of these zones, the trend will be clearly confirmed. According to Elliott Wave, Kristina is observing two scenarios: 1️⃣ Long-term: Wave (5) could be a downward wave, heading towards 3820. 2️⃣ Medium-term: Wave (5) can still rise if the price holds the 4000 zone, targeting around 4110–4130. 💎 Trading zone according to ICT: Order Block around 4040 is a potential supply zone – a reversal signal is likely to appear. The area around 4000 is a notable support point – it can create a bounce reaction if the price retests. 🎯 Reference trading scenarios: Sell around 4040 when there is a reversal signal, SL 10 points, TP 4020–4000. Buy around 4000 after the price retests the OB, SL 10 points, TP 4110. If the price breaks 3970, wait to Sell around 3980, SL 10 points, TP 3820. 🕊️ Currently, gold is in a waiting phase – observe, don't rush, to act with the trend when the market "speaks." 🌷 The analysis reflects Kristina's personal perspective, not an investment recommendation. If you share the same viewpoint or have a different perspective, please leave a comment below 💬💕
OANDA:XAUUSDLong
by Kristina_noieva
2
BAJAJ AUTOHello & welcome to this analysis The decline from September 2024 high till April 2025 low appears to be a 5 waves down impulse that I have marked as A of the corrective ABC wave. The rise from April 2025 low till September 2025 high appears to be corrective ABC in structure. If we consider the corrective as completion of B of ABC then the current decline would unfold into another 5 waves impulse down to complete C of ABC If we consider the corrective as completion of (A) of B of ABC then the decline would pause between 8400 - 8000 to attempt another leg up within the corrective. In either scenario a decline is likely coming as long as it stays below 9200 Conclusion Short term weakness, investors/buyers should wait for proper structure to unfold before attempting longs All the best
NSE:BAJAJ_AUTOShort
by Dinesh_C_Nagpal
[XAUUSD] New Week Scenario: Accumulation Awaiting Drop New Week Scenario: Accumulation Awaiting Drop - Watch for Selling at Liquidity Zone $4195 Hello traders community, The new week begins with XAUUSD (Gold) being "restrained" in a sideways structure. However, don't let this calm deceive you. Technically, this is an accumulation pattern with a clear bearish bias. The market is in "wait" mode, and patience will be the key to catching the next big wave. 📰 MACRO ANALYSIS: TUG OF WAR AHEAD OF FOMC The market is caught between two opposing streams of information: Bearish Pressure: Positive signs of a US-China trade deal are reducing the demand for safe-haven assets, putting pressure on Gold prices. Bullish Support: The weakening USD due to expectations that the Fed will continue to cut interest rates, inadvertently provides some short-term support for the precious metal. Decisive Factor: Traders are "lying low" waiting for this week's two-day monetary policy meeting (FOMC). This will be the main event, determining the medium-term trend of USD and Gold. 📊 TECHNICAL ANALYSIS: CONTINUATION OF BEARISH STRUCTURE The H1 chart shows a very clear "Sell" scenario: Price Structure: After a strong drop from the peak, the price is moving sideways in an accumulation pattern of a bearish pennant. This is a continuation structure, indicating that the Sellers are "resting" before pushing the price further down. Ideal Sell Zone: The $4195 zone is an extremely strong resistance confluence, marked as "Liquidity strong" on the chart. This is the 0.5 Fibonacci level, the "golden" retracement point of the entire previous decline. This is the old support zone now turned into new resistance. Optimal Scenario: We will wait for the price to pull back to test the $4195 liquidity zone. This is an opportunity for Sellers to enter the market with low risk and high profit potential. 🎯 TRADING PLAN (SELL SETUP) Absolute priority is to Watch for Selling (Sell) in line with the main trend. ENTRY (Sell): $4195 STOP LOSS: $4205 TAKE PROFIT: TP1: $4168-TP2: $4145-TP3: $4122-TP4: $4102 SUMMARY In the context of the market awaiting FOMC news, Gold is likely to make a final "pullback" to the $4195 zone before continuing its downtrend. Be patient and wait for signals at this ideal sell zone. Wishing traders a successful and disciplined new trading week!
OANDA:XAUUSDShort
by LiamTradingFX
LiamTrading – GOLD: Risk of ABC Correction Wave..LiamTrading – GOLD: Risk of ABC Correction Wave, Short-term Sell at 4028 Hello traders, Gold has had an impressive growth week, but as prices hit new highs, the risk of correction always increases. Let's examine this week's Gold scenario based on wave analysis and market liquidity. 📊 Technical Analysis (Chart H4 – XAUUSD) Based on the H4 chart, Gold (GOLD) seems to have completed the Push Wave 5 (Elliott Wave 5) in the current uptrend cycle, reaching strong resistance around 4050–4060. Current Structure: The price is within a sustainable Uptrend Channel. The 4050–4060 range is a significant resistance where selling pressure may emerge. An ABC correction wave scenario appears after completing Wave 5. Key Liquidity Zones: Potential Resistance Zone (Sell Wave C): Around 4028–4033 (Price area to watch for the reaction of the final Wave C). Confirmed Drop Support Zone: 3972 (Critical price area confirming if selling pressure is strong enough). Attractive Buy Zone: 3976 (Temporary liquidity if price corrects, waiting for Breakout confirmation). Long-term Buy Zone (POC Buy): ~3850 (Price area with a huge Volume Profile, ideal for long-term buy orders). 🎯 New Week Trading Scenario 📉 Short-term Sell This scenario is based on the expectation of an ABC correction wave starting from the resistance zone. 📍 Entry: 4033 🛑 SL: 4040 (Very tight SL, suitable for short-term Sell strategy at the wave peak) 🎯 TP: 3976 → 3943 → POC (~3850) 📈 Long-term Buy This setup waits for a correction to lower liquidity zones to enter Buy orders with optimal R:R ratio. 📍 Entry: 3976 (Temporary liquidity buy zone) 🛑 SL: 3970 🎯 TP: 4040 → 4090 → 4150 🛑 Failure Scenario (Wait for Breakout Confirmation) If the price breaks the 4060 peak and creates a new ATH (All-Time High), the ABC wave scenario will fail. Action: Continue to prioritize Buying. The best entry is to wait for the price to retest the broken liquidity zone (Breakout Retest) around 3976. 🧭 Fundamental & Long-term Analysis Macroeconomic Sentiment: The Royal Bank of Canada (RBC) forecasts Gold to rise to $4,500 in the next two years, bolstered by long-term inflation concerns. This confirms the long-term uptrend of Gold remains intact. US Dollar Impact (USD): The traditional view is that USD rises as investors seek liquidity during market stress. However, Gold's rise alongside USD shows the market prioritizes gold as an inflation hedge rather than just a safe haven. Long-term Strategy: The buy zone at POC (~3850) according to Volume Profile is extremely suitable. Large liquidity here will help traders enter optimal orders and hold long-term, leveraging the pressure from the Seller's Liquidity to push prices up. 📌 Conclusion Gold is at a critical crossroads. Although the long-term trend is up, the short-term correction risk (ABC Wave) at the 4028–4033 zone is very high. Priority: Watch for short-term sells at the resistance zone with a tight SL. Safe strategy: Wait to Buy at liquidity support zones like 3976 or POC (~3850) to optimize risk/reward (R:R). I will continue to update Gold scenarios daily with insights from 8 years of trading experience. 👉 Follow me to not miss important updates!
OANDA:XAUUSDShort
by LiamTradingFX
CHF/JPY Builds Momentum for Next Wave HigherThe CHF/JPY 1-hour chart shows a completed wave (1) near the 191.17 level, confirming a strong bullish impulse after a previous decline. The pair is now entering a wave (2) corrective phase, which is likely to retrace toward the 188.7–189.0 support zone before resuming the next upward move. This pullback appears to be a healthy correction within the broader uptrend. Once the correction is complete, wave (3) is expected to begin, targeting levels above 193.0 . The overall market structure remains bullish, suggesting that any short-term dips could offer potential buying opportunities for traders waiting for the next impulsive rally Stay tuned @Money_Dictators Thank you.
Long
by Money_Dictators
LiamTrading – Gold: Wave 5 isn't over yet...Gold: Wave 5 isn't over yet, awaiting ABC corrective wave According to Elliott Wave perspective, gold is currently in wave 5 and no clear reversal signals have appeared. Once wave 5 is completed, a reasonable scenario would be entering the ABC corrective phase. Technical Analysis The current price range remains in an uptrend, supported by the medium-term trendline. Key resistance – support zones are identified based on Fibonacci, Volume Profile, and strong psychological levels. RSI indicates gold is approaching the overbought region, hence short-term Sell orders (scalping) around the peak area might offer an advantage. Trading Plan Reference Sell: 3840 – 3842, SL 3846. This is a strong resistance zone, prioritise scalping if the downward reaction lacks strength. Buy: 3783 – 3785, SL 3779, TP 3800 – 3818 – 3838. Large liquidity Buy: 3740, SL 3733, expecting a strong reaction from this area due to previous accumulation volume. Important Note Early in the week, there are often numerous political – economic news causing noise, which might unexpectedly push gold up. The resistance zones 3840–3850 are strong psychological levels, observe reactions before making decisions. For short-term trading, adhere closely to the plan, while flexibly adjusting when price paths change to maintain an advantage. In summary, wave 5 is still developing and trading opportunities mainly focus on key resistance – support zones. Traders need to manage risks well, patiently wait for confirmation, and remain flexible to adapt to fluctuations. The DXY index fell around 97.95 on Monday, extending the decline into the second session as the risk of a US government shutdown weakens market sentiment and investors await a series of important economic data to be released this week. Wishing you successful trading, follow me and the trading community!
OANDA:XAUUSDLong
by LiamTradingFX
LiamTrading – XAUUSD H1LiamTrading – XAUUSD H1: Adjustment structure formed, awaiting confirmation below 3685 After the surge to 375x, gold is entering a correction phase in line with the structural pattern. On H1, the price clings to the upper edge of the rising wedge, with RSI cooling off from overbought levels, indicating that supply pressure is starting to dominate. Today's plan focuses on the adjustment structure, prioritising selling upon confirmation signals. Key price zones (as per the attached chart) Sell strong resistance 3775–3785: confluence of channel top + 2.618 extension. Look for weakening reactions to initiate short/medium-term sell orders. Buy zone volume 3726–3720: a thin support area providing momentum for a rebound. Holding this zone could push the price to retest 3750–3775; conversely, losing 3720 may lead to a deeper decline. Resistance + FVG 3715–3698: as the price drops, this area turns into supply; a failed retest here is an early signal for further decline. Confirm sell 3688–3685: closing H1 below this zone confirms a short-term downtrend, targeting a lower buy zone. BuyZone 3652–3646: confluence of channel bottom + old liquidity, expecting a strong bullish reaction if revisited. Reference trading scenarios (adhering to risk management) Sell reaction at peak: 3778–3783, SL 3792, TP 3755 → 3738 → 3722. Sell on confirmation: wait for H1 to close below 3685, enter sell 3684–3682, SL 3696, TP 3673 → 3656 → 3648. Buy scalp by volume: 3726–3720, SL 3715, TP 3738 → 3750 (only short-term if the larger structure remains corrective). Buy swing at strong zone: 3652–3646, SL 3639, TP 3673 → 3698 → 3712 → 3740. Operational notes Prioritise waiting for rejection/closing signals at the mentioned zones; avoid chasing orders in between. Order volume should be allocated according to confirmation levels (confirmation zone < breakdown < failed retest). Avoid excessive leverage; adjust SL according to structure when in profit. This is a personal perspective, not an investment recommendation. If you want the quickest updates on the next XAUUSD scenarios, follow me and join my community for discussions.
OANDA:XAUUSDShort
by LiamTradingFX
LiamTrading – Long-Term Trend for XAUUSD is Taking ShapeGold continues its robust upward momentum, currently trading around 3,680 – 3,685. After a series of consecutive bullish candles, the price is showing signs of consolidation and slight adjustment, paving the way for crucial scenarios in the upcoming phase. Technical Analysis On the Daily chart, the RSI has surpassed the 70 mark, indicating an overbought condition. This is often an early warning sign for a potential correction. The price structure suggests that the FVG zone of 3,630 – 3,600 will be the first observation point if a short-term correction occurs. A stronger support zone lies at 3,510 – 3,475, coinciding with Fibonacci levels 0.5 – 0.382, and also the previous resistance area that has been broken. This is considered a potential long-term 'Buy zone'. If the correction completes, gold has the potential to return to its upward trend with a further target around 3,800 (Fibonacci extension levels 2.618 – 3.618). Trading Scenarios Short-term: Monitor the reaction at 3,630 – 3,600. If it holds, there might be a short recovery. The price area around 3552-3562 should be watched for reactions. Medium-term: Wait for the price to test the 3,500 – 3,475 zone to find more sustainable buying opportunities. Long-term: The major trend still leans towards an increase, with an expected target towards 3,800. This is my personal view on XAUUSD, and you can consider it to build your own plan. If you find it useful, follow me for the latest updates on gold's upcoming scenarios.
OANDA:XAUUSDShort
by LiamTradingFX
XAUUSD – Medium-Term Outlook After Fed Rate CutXAUUSD – Medium-Term Outlook After Fed Rate Cut Hello fellow traders, The most anticipated event of September is now clear: the Federal Reserve has cut interest rates by 25 basis points, the first reduction this year. Market expectations also indicate the possibility of another 50 basis points cut in the upcoming meeting. In his speech, Chairman Powell highlighted the “dual risk” – inflation could rise further while employment shows signs of weakness. Technical View Gold has formed an H1 candle closing below the rising price channel, signalling a possible violation of the medium-term uptrend. The buying side failed to maintain momentum after the rate cut news, showing caution in entering at elevated price levels. Medium-term investors may consider waiting for a lower price to enter fresh longs. However, the downside is not fully confirmed, as price is still hovering around the ascending trendline → selling directly at current levels still carries certain risks. Trading Scenarios Sell Strategy Scalping: 3676 – 3678 | SL: 3683 | TP: 3666 – 3650 – 3635 – 3628 (Stop loss can be moved to breakeven if price reacts well, to hold positions longer). Sell Zone: 3697 – 3700 | SL: 3705 | TP: 3680 – 3666 – 3650 – 3635 – 3628 Buy Strategy Scalping: 3634 – 3636 | SL: 3629 | TP: 3645 – 3660 – 3672 Buy Zone: 3600 – 3598 | SL: 3590 | TP: 3633 – 3645 – 3660 – 3675 (extended) Conclusion Gold is currently in a sensitive phase after the Fed’s decision to cut rates. Traders must watch price action carefully around major support and resistance levels to confirm a clearer direction. Stay tuned to this outlook — I will continue to provide updates as the market structure evolves. Follow along to receive the fastest scenario changes as price action develops.
OANDA:XAUUSDShort
by BrianLionCapital
LiamTrading – XAUUSD OutlookSharing my personal view on the possible next move for gold. Based on the current chart structure, the wave formation suggests that XAUUSD is most likely in Wave 4. The correction started yesterday after price touched the 3,700 mark – a round resistance level which also coincides with the 1.618 Fibonacci extension. This area often attracts heavy liquidity, and the subsequent pullback further supports the view that Wave 4 has been activated. At present, the key support to watch is 3,675. If this level breaks, the corrective structure could complete around 3,656. On the H1 timeframe, the RSI has moved below the 30 level, indicating oversold conditions. In my view, while the market remains in this phase, it is still preferable to look for selling opportunities, though patience is needed until clearer confluence signals appear. Trading plan (short-term focus): Sell entry 3685–3687, SL 3693, TP 3670 – 3656 Buy entry 3656–3654, SL 3648, TP 3675 – 3690 – 3702 – 3721 – 3740 I will continue to share further updates if there are significant moves in price. Wishing everyone successful and effective trading.
OANDA:XAUUSDShort
by LiamTradingFX
Elliott Wave Analysis & Technical Cross-VerificationsHello Friends, Welcome to RK_Chaarts, Today, we're going to learn how to validate our Elliott Wave analysis by identifying additional factors that support our directional bias. Once we've plotted our Elliott Wave counts and identified a direction, we want to confirm whether other technical indicators and patterns align with our analysis. This helps strengthen our conviction in our directional bias and provides additional confidence in our trading decisions. Today, we'll explore some key points, including Elliott Wave theory, Exponential moving averages, Trend line breakouts, and Invalidation levels, as well as projected targets. And please note that this post is shared solely for educational purposes. It is not a trading idea, tip, or advisory. This is purely an Educational post. Elliott Wave Theory structure & wave Counts Here chart we are using Nifty India Defence sector, which is an index chart. We are analyzing it using Elliott Wave theory. It's very clear that from the March 2025 bottom, we've identified a clear Wave (1) Wave (2) Wave (3) and Wave (4) and now we've started Wave (5) of Intermediate degree in Blue. Projections of wave (5) According to the theory, the projected target for Wave (5) is typically between 123% to 161.8% of the length of Wave (4). So, we can at least assume that the price will reach 123% of Wave (4)’s length, and the price will move higher from here. Trendline Breakout The trend line breakout also confirms this. Since Wave (4) moved downwards, Wave (5) should move upwards, indicating a potential upward movement in price. This is a positive signal and a possibility. Dow Theory confirmation of Trend changed Additionally, we can see that in the daily time frame, the price has recently completed Wave (4) and formed a higher high, followed by a higher low, and then another higher high, along with a trend line breakout, which we've marked with a rounded ellipse on candle on the chart. According to Dow theory, this formation of higher highs and higher lows, along with the trend line breakout, indicates that the index has the strength to break through resistance. These two factors strongly support our Elliott Wave projection, which suggests that the price will move upwards. The chart is looking bullish, indicating that a swing has been activated upwards from here. Exponential Moving Averages Furthermore, we can see that the price is trading above the 50-day exponential moving average (EMA) in the daily time frame, as well as above the 100-day EMA and the 200-day EMA. These three EMAs are major indicators, and the price is sustaining above all of them. This is also a very good positive sign that supports our view and this scenario. Supporting Indicators MACD RSI Some Hurdles to cross yet Finally, we can see that the Zero B trend line, which is coming down from the top, has not been crossed by the price yet, and there has been no breakout. Additionally, we have drawn a trend line connecting the high of the third wave and the low of the fourth wave, which initially acted as resistance and later as support. This trend line is also approaching the same level as the Zero B trend line. So, we have two resistances converging at the same point, which the price has yet to break out of. This could potentially be a hurdle, and it's possible that according to the Elliott Wave count, Wave (5) will arrive with five sub-divisions, which could lead to a retest of the previous trend line or a Retracement before moving further upwards. Invalidation Level According to Elliott Wave theory, the nearest invalidation level is the low of Wave (4), which is currently at 7368, and this level should not be breached. If it is, it will lead to a lower low, which would be an invalidation of the Elliott Wave count. Overall, the chart of this index looks very promising and bullish. As we all know, the market can be unpredictable, but if this invalidation level is not triggered and the price doesn't break down, then the chart may move upwards with strength. This entire analysis that we discussed is for the Nifty India Defense index chart. Please note that this is not a trading tip or advice, but rather an educational perspective that we shared. Also, keep in mind that the Nifty Defense index is not tradable, but it does provide insight into the market's direction. This post is shared purely for educational purpose & it’s Not a trading advice. 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. 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...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts 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_Chaarts 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.
NSE:NIFTY_IND_DEFENCEEducation
by RK_Chaarts
4
Bitcoin – Trend Update Ahead of PPIBitcoin – Trend Update Ahead of PPI Hello Traders, The current scenario for Bitcoin is unfolding in line with expectations, with the uptrend continuing to develop strongly. Price waves are moving with solid volume, and the overall structure is progressing exactly as anticipated. Key Levels Price has broken through the 113k zone, confirming that the bullish trend is intact. This move increases the likelihood of completing the final wave of the inverse head-and-shoulders pattern. The next level to watch is around 116k, where a mild reaction or pullback may occur before the trend resumes higher towards the 121k region. Special attention should be given to the 117k level, as this marks the potential completion of the inverse head-and-shoulders structure. At this point, price may consolidate before establishing a new primary trend. Trading View For now, it remains important to follow the prevailing uptrend. Any shift in price structure will require re-evaluation, and updated strategies should be applied only after clear confirmation. This is my latest outlook on Bitcoin ahead of the PPI release. I hope this perspective proves useful in shaping your trading approach.
BINANCE:BTCUSDLong
by BrianLionCapital