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Crude Oil Analysis Decoded, A Learning JourneyHello Friends Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity. Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis. In the realm of wave analysis, we've identified an exciting prospect in the Crude Oil market. Let's break it down: We've recently completed "wave 4," a significant corrective wave. Now, it appears we're at the beginning of "wave 5," the final leg of the sequence. The Potential So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99. Risk-Reward Analysis Now, let's talk about risk and reward. Here's where it gets interesting: Risk We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track. Reward If wave 5 plays out as expected, it has the potential to lead to significant price gains. Characteristics of Wave 5 What makes wave 5 special? It's typically marked by strong momentum, often accompanied by increased trading volumes. Traders often find this phase exhilarating, as it can lead to substantial profits. Risk-Reward Ratios When considering this opportunity, the risk-reward ratio is a critical factor. The risk, as mentioned, is if the price falls below $87, which is our invalidation point. The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile. Conclusion In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial 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_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.
TVC:USOILLong
by RK_Chaarts
3
NIKKIE completing (4) of larger circle 5.NIKKIE has a case where a long-term impulse started in Nov-12. We are in (4th of) 5th wave of a larger 3rd wave. This is in sync with most global markets that are completing some degree of complex correction. Wave 1: Completed in 2015 SPREADEX:NIKKEI Wave 2: Completed in 2016 Wave 3: Ongoing Wave i: Jan 2018 Wave ii: Apr 2020 Wave iii: Feb 2021 Wave iv: Jane 2023 Wave v: Ongoing Wave 1: Completed in Mar 2023 Wave 2: Completed in Mar 2023 Wave 3: Completed in Jun 2023 Wave 4: Ongoing – likely to complete very soon Forming a WXYXZ complex correction pattern. Ending in a final ABC pattern. Bias: Positive for overall equity markets over the next. Chart 1: Long-term wave count: Chart 2:
OSE:NK2251!Long
by hellrider8083
2
Price Action and Elliott Wave Harmony Case Study Hello Friends, Here is a technical case study of RANE HOLDINGS LTD. Possible Elliott wave structure Price journey is like a story told in waves. Imagine it like a roller coaster ride. It started from a small point around 40 and climbed all the way up to a super high point at 2799. This upward journey is what we call "Wave (1)." It's like the thrilling part of the ride when you're going up. After that exciting climb, the stock took a break and dipped down to 280. We call this the "Wave (2)." It's like when the roller coaster slows down for a bit before it goes up again. What's Happening Now Right now, it looks like the stock is starting another exciting climb, which we might call "Wave (3)." In roller coaster terms, this is like the part where it goes even higher and faster. It's often the most thrilling part of the ride. Inside this "Wave (3)," there can be smaller ups and downs, like little bumps in the roller coaster track. We call these "subdivisions." They can give us more details about what's happening in the ride. Historical Correction and MACD Bullish Divergence RANE HOLDINGS LTD has a remarkable history. It reached its all-time high of 2799 in March 2018 but then experienced a significant correction, plummeting to a low of 280 in March 2020. This correction marked a staggering decline of almost 90% from its peak. Such corrections often provide an opportunity for a potential turnaround. During this challenging period, the stock exhibited a promising sign with a MACD Bullish Divergence. A MACD Bullish Divergence occurs when the stock's price makes lower lows, but the MACD indicator forms higher lows. This is a potential reversal signal, indicating that the selling pressure may have weakened, and bullish momentum could be building. Current Trading at 1200 recovered from 280 As of now, RANE HOLDINGS LTD is trading at 1200. The presence of a MACD Bullish Divergence and the stock's recovery from the lower levels indicate a shift in sentiment and a potential bullish outlook. Recent Breakouts and Support Levels In addition to the historical correction and bullish divergence, the stock has shown recent positive price action. It has successfully broken out of a horizontal resistance level on the weekly timeframe. What's even more significant is that the stock retested this same level, suggesting that the previous resistance has now transformed into support. This is often considered a strong technical signal. Also the breakout was accompanied by a good intensity of volume, indicating significant market participation and conviction among traders and investors. This increase in volume reinforces the significance of the breakout. MACD Positive Crossover In conjunction with the breakout and support transformation, the Moving Average Convergence Divergence (MACD) indicator also exhibited a positive crossover in the weekly timeframe. This crossover reinforces the bullish sentiment, aligning with the price action. Key Takeaways Elliott wave structure suggesting impulsive move towards north may be reach new all time highs with invalidation level of 280, for Long term period. The stock experienced a substantial correction, falling almost 90% from its all-time high. A MACD Bullish Divergence formed during the correction, suggesting a potential reversal in the downtrend. The stock is currently trading at 1200, indicating a recovery and possible bullish momentum. Recent breakouts and support transformation, along with strong volume, suggest further upside potential. The question is will it touch again previous all time highs ? 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_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.
NSE:RANEHOLDINLong
by RK_Chaarts
3
zigzag correction in BANKNIFTY ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave . Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place. T1=44439 T2= 44586 T3=44957 T4=45274-45615 For View 2 stop loss will be 43600. For wave 1 there will be no stop loss. i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
8
Correction in KOTAKBANK. FLAT (or) TRIANGLE Wave.Elliott Wave Analysis:- Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky. View1:- triangle pattern. B wave was formed. Once C,D wave was formed then we can enter into the trade. until that we watch the wave formation. 1631 as stop loss we enter into the trade. once the breakout was completed in upper side we trail our stop accordingly in between waves. View2:- Flat correction. Once it break 1631 then flat correction is confirmed . Almost B wave was seems to be over. it may reach 1570,1436, 1267, 1051 will be the support level. Wait and watch until there is a clear wave formation. I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:KOTAKBANK
by n0m0ret0ss
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello Friends Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions, In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found. On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on "Wave (3)," which tends to bring about significant market changes. Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics. Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v). But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario. In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2). As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential. 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. Thanks RK💕 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 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_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
1
An impulse wave over and simple correction happen in REDINGTONELLIOTT WAVE ANALYSIS An impulse took place and a cycle has completed the 1) wave and the correction of 2) is in the end . In 2) wave a simple flat correction took place. But my view is that we may expectation is that we may expect a complex correction . It may raise to 180-190. If the up move was slow and too long then we can expect a correction wave. correction wave pattern was already posted and it was linked below, you people can view that chart for more clarification. it an alternative view.
NSE:REDINGTON
by n0m0ret0ss
1