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Elliotwaveanalysis

Ethereum possible Elliot wave counts Here we have shared possible Elliot wave counts of ETHUSD (for educational purpose only) which are suggesting correction for very short term and this correction can be used as good opportunity to go long for further trend which is expected post this correction, the invalidation level of further up move can be low of previous wave 1 which is pegged at 1071.50, if it breaks below this level then we can assume that our counting is missing something and we may invalidate this structure, Overall we are unfolding some impulse in which we had completed wave (1) and now possibly we are heading to unfold wave (2) and then, post correction we can start wave (3). wave (2) can unfold in three subdivisions like ABC and ABC can unfold in 5-3-5 structure or 3-3-5 structure. Lets see what happens next. 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. Overall wave structure is shared below 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. 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.
BITSTAMP:ETHUSD
by RK_Chaarts
2
USOIL CRUDE OIL possible Elliot wave countsUS OIL is looking good to go long as per Elliot wave structure with invalidation level of below $ 76.50, for target level of near $ 83.05. My ideas as just for educational purpose only 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...! Disclaimer. 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.
TVC:USOILLong
by RK_Chaarts
SUPPORT & RESISTANCE EXPLAINED IN NIFTYIn the Nifty chart, we can see that the Index was rejected multiple times along the trendline drawn and finally managed to give a breakthrough above the trendline. Now, this resistance trendline is likely to act as a support trendline. On Elliot wave analysis, the up move is currently at wave five, and we can expect a correction that will re-test the trendline. The Index should test the support zone (17650 levels) and resume its upward rally.
NSE:NIFTY
by Stock-Holmes
TVS MOTORS possible Elliot wave countsHere we have shared possible Elliot wave counts of tvs motors, just for educational purpose, on monthly, weekly, daily and hourly time frames, all aligned with each other, so here we are getting both side confirmation levels for next possible moves. 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. 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.
NSE:TVSMOTOR
by RK_Chaarts
#BANKNIFTY Weekly Overview#banknifty Triangle Formation on the lower time frame, high probability of #banknifty touching the falling trendline, before next move. #learning:- Contracting triangles are the most common type of triangle. When they’re in the fourth wave position, they predict an end to the entire trend with one more wave (fifth wave). Rules (these are “hard” rules; they cannot be broken) A triangle always subdivides into five waves. At least four waves among waves A, B, C, D, and E each subdivide into a zigzag or zigzag combination. Wave C never moves beyond the end of wave B, wave D never moves beyond the end of wave C. Wave E never moves beyond the end of wave D (sometimes the Dow reading at the end of a triangle subwave can exceed a previous subwave’s ending value by a small amount as the market approximates an equal level, as it does in ascending and descending triangles (barrier triangles)). (The result is that in the future in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.) A triangle never has more than one complex subwave, which is always a zigzag combination. Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
4
PAGEIND possible Elliot wave countsThis stock has completed wave 1 of higher degree wave cycle and now definitely we are in correction as wave 2 of same higher degree wave cycle, in which we are unfolding wave A of one degree lower wave cycle, in which possibly we are in wave iii or wave c of one more lower degree, that means possibly we are in wave iii or c of one higher degree wave A of one more higher degree wave 2, so we can unfold correction pattern as zigzag or as a flat or as an expanded flat as well. This post is not for any types of tips or advisory or any type of trading ideas, this is shared just for educational purpose only 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...! Disclaimer. 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.
NSE:PAGEIND
by RK_Chaarts
2
Banknifty Timepass as Triangle formation In progressIn Elliott Wave this is referred to as Running Triangle whose final E leg pending. E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400. Analysis will be invalid if breaks 41250 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
BANKBARODA possible Elliot wave countsThis stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts macd on hourly chart momentum negative cross done on hourly Price under and below RK's stopline in daily Price made neutral candle under and below 20DMA in daily 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. 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.
Editors' picks
NSE:BANKBARODAShort
by RK_Chaarts
23
DelhiveryThis stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover. Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90 Overall chart along with possible Elliot wave counts macd positive rsi breakout and rsi positive divergence 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. 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.
NSE:DELHIVERYLong
by RK_Chaarts
2
What's next in bitcoin after rallying for more than 40% BTC started it's upside from red wave C 1.236 projection level then started impulse movement although wave 1 was a leading diagonal triangle that's why I got the confirmation for wave 3 targets after wave 1st internal 5th crossed by straight move including multiple green candles rather than one or two big green candles. As we can see wave 3 extended to 2nd target 2.618 with 5 sub waves so we can expect a retracement to 21k-22k in wave 4 (between 0.236-0.382 retracement levels) and then we will move in final 5th wave to the upside.
Short
by leichtsinnig8868
2
Going Short on Banking Stocks? Elliotical Approach to BankNifty.Hello Traders! 1. We see a completed 3rd wave of impulse that started after Lockdown - March 2020. 2. We see a clear zigzag correction for Wave a, marked with red ABC. 3. We see a 3-wave Wave b . The count of wave C of this wave is being shared here for clarity. 4.The most expected target for BankNifty should be around 30500 . This is because we see the possibility of an expanded flat (3-3-5). There is also an important guideline of Elliot wave theory that Wave 4 of a cycle falls very close to the Wave 4 of Wave 3 of the same cycle . A figure is attached for more clarification. 5. The final 5th Wave of the impulse is expected once the C wave of this 4th wave is complete as shown on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
NSE:BANKNIFTYShort
by UnknownUnicorn27677748
1
Elliotical approach to Nifty50 Long.Hello Traders! 1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf . 2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern. 3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever suits the individual. 4. Let's talk about wave equality . In an impulse, the 3 motive waves (motive wave is just the wave that is going with the trend, i.e., wave 1, wave 3 and wave 5), tend to be in a harmonic ratio . There can be multiple scenarios aka ratios and 61.8% (the favourite of the public XD) is obviously one of them. As we can see on the chart, Wave 3 is almost 61.8% of Wave 1 . This gives us a picture that the possibility of Wave 5 being 61.8% of Wave 3 is pretty high. Of course, that may change, but too high a chance to just ignore. That sets us a target of 19200 to 19300 for Nifty50. 5. Another point that must be noted is that when we put 61.8% as a retracement level on wave 2 and use it as a Fibonacci divider , it also gives us the same target of 19200 to 19300 . This is out of the books and just an observation. 6. The triangle that we see is a questionable . Because we haven't so far seen a triangle form for wave 4 inside a diagonal. But if this works out as predicted, then that should be the most likely picture, a triangle can be there inside a diagonal. And before anybody questions, I have scoured certain books and haven't found any reference for a triangle inside a diagonal. Anybody having a better idea or picture is welcome to comment on it. 7. We also have a two bar reversal on the daily tf . Confirmation for that will be the break of high of the higher candle. 8. And, apart from everything, we work in the field that has infinite possibilities for every individual and hence itself has uncountable possibilities. We just get better at predicting the best possible outcome. So yes, even though the possibility for Nifty50 giving a breakdown , as far as I'm concerned, is very unlikely, it is still there. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
NSE:NIFTYLong
by UnknownUnicorn27677748
Elliotical Approach to USDCAD Long.Hello Traders! 1. We see an Expanding Leading Diagonal for Wave 1. 2. As per the guidelines, the most common level for retracement of a leading diagonal is 78.6% . That is exactly what happened here. We also have a support on the same level. 3. We have a clear invalidation level at the start of Wave 1 . 4. The most expected target for Wave 3 would be 161.8% of Wave 1 as per the guidelines . The target could differ as per more development in price action. 5. There is a bit of a change when concerning the original idea. It has been attached. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Long
by UnknownUnicorn27677748