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Elliotwaveanalysis

My Elliotical Approach to EURUSD Short.Hello traders! I came up with this trading idea on January 2 2023 itself and will be attaching the link for the same as well. I was just waiting for the market to give us a better picture. As you can see on the chart, various guidelines point out the yellow zone to be a strong selling point with target levels at Wave 4 end(50% fib). We just have to wait for some price action to develop in the zone and from there on we can go short on EURUSD. Thank you for viewing! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
6
My Elliotical Approach to XAUUSD Short. Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most 3rd waves tend to go till 161% of wave 1. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDShort
by UnknownUnicorn27677748
BankNifty - The Last Move / Idea for 2022Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Wishing You All A Happy & Prosperous New Year 2023 !!! Short Video on Bank Nifty - The last move or idea for year 2022. Last Price - 43115 Trading Strategy Plan A - Important Support Zone 42900-43000 Index taking support close to this zone, we expect upside bounce 43500-43600 zone Plan B - Important Resistance Zone 43500-43600 Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone Plan C - Breaking Support Zone 42900-43000 & Holding below Index while returning back if breaks 42900-43000 then we expect 42500 downside Plan D- Critical Support Zone 42400-42500 if breached on downside Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022 --------------------------------- Last Ideas Published --------------------------------- 23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600 26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
NSE:BANKNIFTY
by WaveTalks
38
USDINR multi time frame aligned Elliott wave counts analysisUSDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly chart 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.
by RK_Chaarts
2
Sterlite Technologies LimitedThis one stock is roaring bullishly in this bearish market, the stock has been rallying since the last three sessions and there seems to be no stopping in near time. After yesterday’s 4% rally, the stock again surged 4% in the early trade, as its demand is not seeing any signs of suppression. Finally, today it has given breakout with good intensity of volumes on daily time frame. If you think that the majority of the move has been missed, then you should have a look at the daily chart of the stock, which is eye candy to the bulls. Today, the stock gave a breakout above the trendline resistance of a symmetrical triangle chart pattern, after a long contracting range. Also chart pattern like cup n handle was broken today, along with lots of indicators supporting same bias, also wave structure is suggesting bullish impulsive bias. Elliot wave structure on daily time frame Breakout from symmetrical triangle with good intensity of volume Cup n handle chart pattern Price closed above RK's Magic level and also closed inside Mass psychological cloud in daily time frame MACD positive crossover and uptick above zero line in daily time frame MACD positive crossover and uptick in weekly time frame RSI uptick and above 60 in daily time frame Price challenging upper band in daily time frame DMI ADX positive in daily Price above 50, 100, and 200 DEMA's 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:STLTECHLong
by RK_Chaarts
3
Right direction is more important than speedHello Friends, Hope you are doing well, Today I am sharing a very little and simple fact, which is very much needed to survive long life in market and to be a profitable trader in market, here we are talking about direction and speed because, when you’re heading towards right direction, every single step you take is real progress, but if you’re going in the wrong direction, every single step is pushing us in minus. Direction can be decided by analyzing charts and Speed (position sizing) is decided as per money management rules, One should always digest the initial level first, where he is, and also where he reaches next, one can only survive in market until capital is wiped out, so always remember, to save capital from losses is also gain. The journey of a thousand miles begins with one single step, make sure that first step is in the right direction. When making important decisions that have long-term implications like financial decisions, slow down and check carefully risk reward ratios and money management rules and carefully evaluate your available options before starting or executing it. This post is just for educational purpose, See you all next week. 🙂 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. 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.
NSEIX:NIFTY1!Education
by RK_Chaarts
1
IEX is about to complete it's correctionIndian energy exchange is now about to complete it's correction ,it is doing a double correction in major wave IV, fifth to the upside is still due. We can expect correction to complete near 124.85-125.85 and then final V wave target will be 407. And I'm expecting fifth to be extended because normal projection limit of wave V are 0.382 & 0.618 but as you can see these levels are already under wave III so wave V will be an extended wave.
NSE:IEXEducation
by leichtsinnig8868