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Elliotwaveanalysis

US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3. It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105. Breakout with good intensity of volume MACD already positive and uptick and also above zero line on hourly time frame MACD uptick and now positive crossing on daily time frame RSI uptick on hourly time frame RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any) 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
7
GOLD trend now sell then buy as per Elliott wave counts Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $ 1650 and below. possible wave counts on weekly time frame macd in weekly is negative possible wave counts on daily time frame macd in daily is negative possible wave counts on 4 hourly time frame MACD in 4 hourly is positive but till below zero line possible wave counts on hourly time frame MACD in hourly down tick and can cross negative soon 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.
GShort
by RK_Chaarts
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero line Possible Elliot wave counts on hourly time frame macd in hourly negative crossover 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:SILVERShort
by RK_Chaarts
Elliott wave theory on Nifty50 (SHORT)In 15 min time frame nifty may be completed 5 wave structure for the correction of C wave (violet color). As per my analysis NSE:NIFTY may form zig-zag structure. So, it is time to be alert before any buy or CE trade. Structure looks like still bearish. Important levels are marked on chart with comments as per my analysis. Please check carefully. May be right or wrong let's see. Disclaimer- I am not SEBI registered analyst, all post for educational purposes, no claim rights reserved, please take advice from your financial advisor before Investing any trade, we are not responsible for any profit or loss.
NSE:NIFTYShort
by PRAFULSINGH
Nifty Yet to Finish Correction?Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it is mostly likely is unfolding as more complex correction. If its really is wave 2 then it usually retrace towards previous wave 4 which is near 14300!! The more non-violent case can be small low near 15183 may be 15000 :) Nifty failed to break swing 18115 and dropped sharp from 17992 in straight line and pulled back slowly upto 17726 refer 1 hr chart for dominant trend. Confirmation 1: Break below 17345 Swing Confirmation 2: Fall crosses 1.618 Fibonacci If crosses 1.618 levels in above chart then it can be considered larger fall in progress Caution: Everyone has different perspective to look at markets, Just like all five fingers of hand can't be of same length so is the view of market participant. Only give it educational angle to this analysis never take financial decision someone else analysis do your own Only doubts will be answered any needless/baseless comments will not be entertained. 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:NIFTYShort
by Niftydirection
3
Bank Nifty seems to be consolidating in a wave 4 triangleBank Nifty Future seems to be consolidating in wave 4 of a triangle after the high of 39794 made on August 19. It looks like wave (A) have completed at 37991 on August 23 and wave (B) has either completed at 39490 on August 25 or is still in progress. 39400 is 78.6% retracement of fall from the high so that should be a good area for wave (B) to end. Once wave (B) completes, we would see a wave (C), (D) and (E) before the market move to break above 39800. There are 3 main reasons why the current wave looks like a triangle 1. The fall from 39794 is a 3 wave and contained well in a parallel channel. 2. The rise from 37991 is also a 3 wave and contained well in a parallel channel. 3. The kind of volatility we are seeing is typical in a triangle. The view will be invalidated if it goes above 39794 or goes below 37991. If the market keeps moving both sides that will further strengthen the case for a triangular formation. The first alternate count is that current rally is corrective ABC where wave (B) is completed and market is ripe for fall below 38000 in wave (C). The second alternative count, least probable, would be that current rally is impulsive and market has completed wave (1) and we are in wave (2), once it is complete we would break 39794. Probably, this could be a good time for an option seller to sell far strike prices and sit tight.
NSE:BANKNIFTY
by invest_shares
Elliott Wave PatternsTried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 Wave 2 will develop into a zigzag, flat, or combination. Wave 2 cannot be a triangle in its entirety Wave 4 will develop into a zigzag, flat, combination, or Triangle. On rare occasions, Wave 5 will not move beyond the pivot of wave 3. This is known as Truncation Ratios:- Ratios for Wave 2 Fibonacci Rule for Wave 2: Wave 2 is always related to Wave 1. Common Ratios for Wave 2: Wave 2 = either 50% of Wave 1 or 62% of Wave 1 Ratios for Wave 3 Wave 3 is related to Wave 1 by one of the following: Wave 3 = either 1.62 x length of Wave 1 or 2.62 x length of Wave 1 or 4.25 x length of Wave 1 The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common. Ratios for Wave 4 Wave 4 is related to Wave 3 by one of the following: Wave 4 = either 24% of Wave 3 or 38% of Wave 3 or 50% of Wave 3 The 24% and 38% are the most common ratios for Wave 4 Ratios for Wave 5 Wave 5 has two different relationships. Both are shown below. If Wave 3 is greater than 1.62 or extended, then Wave 5 ratios are as follows: Wave 5 either = Wave 1 or = 1.62 x Wave 1 or = 2.62 x Wave 1 Wave 5 Extended if Wave 3 is less than 1.62 X Wave One 5 = .62 X Length of 0 to 3 5 = 1 X Length of 0 to 3 5 = 1.62 X Length of 0 to 3 If Wave 3 is less than 1.62, Wave 5 ratios are as follows: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Extended Wave 5 = either 0.62 x length (beginning of Wave 1 to top of Wave 3) or = length of (beginning of Wave 1 to top of Wave 3) or = 1.62 x length of (beginning of Wave 1 to top of Wave 3) Regards, SG
Editors' picks
NSEIX:NIFTY1!Education
by subhagghosh
29
Elliot Wave Analysis of Nifty 50: 15 min chartThis is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames. The wave (a) was corrected by almost 38.2% to 17626.55 level. The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed at this level which is approx 61.8% correction of wave (a). In last one hour of trading hours, index went down sharply to 17487.45. It seems to be the start of wave (c) which may be expected to go down till 17178.8 that is 38.2% correction of wave iii of one higher order. We can expect the current price movement as wave (c) as long as it doesn't go above end of wave (b) i.e. 17726.5. Note: This is for educational purpose only, do not take it as an investment advise. Consult with your advisor before investing.
NSE:NIFTYShort
by Epic_Elliot
2
GOLD Flat correction about to Complete! New High Awaits?Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$ After low near these levels one can wait for break of 1808$ to consider move beyond 2075$ If wave C goes beyond 1600$ mark then this Analysis will be invalid. 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)))))-------------------------------
TVC:GOLD
by Niftydirection
ES emini wave analysis from 3693 lowThis whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far. Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension. The 3/C wave ended with wave 5 as an ending diagonal. Now, the fall from the absolute high of 4327 has been impulsive so far with a series of 1-2-i-ii. The first target post a completion of 5 waves up is the range of the 4th wave of lower degree. This comes at 4113-4080. This level also coincides with the 0.382 retracement of the entire rise from 3723. Given that the entire move from the top is impulsive, we can expect a minimum of a 5-3-5 correction. After that is done, we can evaluate if it evolves into a further decline, or pushes towards a new high. Summary: Target - 4080. Further decline to be evaluated based on the evolving structure after that. -ansible/entropy
CME_MINI:ES1!Short
by no_aha
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal. Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure. After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80. All indicators are also suggesting to go long for ride towards north. Overall wave structure looks like this Breakout on daily chart, with good intensity of volumes RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout. price challenging upper Bollinger band in daily time frame Macd in daily positive and uptick above zero line Macd in weekly uptick above zero line dmi adx in daily time frame both aligned positive RSI breakout on daily chart and now uptick above 60 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:BELLong
by RK_Chaarts
4
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z. As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days. breakout with good intensity of volumes Macd histogram breakout, along with macd positive uptick above zero line, on daily chart Macd positive crossover in weekly chart price closing above 20wma price in daily chart trying to create momentum towards north RSI uptick and crossing up 60 in daily chart dmi adx positive strength on daily 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.
NSE:BHARATFORGLong
by RK_Chaarts
7
NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A. Negative divergence in both rsi and macd on hourly time frame 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.
RUS:NG1!Short
by RK_Chaarts
5
Nifty wave counts from 15183This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the initial moves prior to wave C was a clean Wave A i.e. a 3 wave move contained withing parallel lines, whose subwaves tended to equality. A bull case could be made that - no it was a 1-2-i-ii and not an a-b-c within Wave A, but generally in 1-2-i-ii, the lower degree 1 is shorter than the length of the higher degree 1. Here, both waves tended to equality. Hence an argument for it being a wave A is stronger. Now we will have to see how price behaves at prior wave 4s of lower degree. Immediate supports are offered in the range of 17150-17450, which is the range of the Wave 4 of lower degree. A corrective rise from there will confirm that we are going further lower. Will revisit this developing idea once we are at 17150-200. -ansible/entropy
NSEIX:NIFTY1!Short
by no_aha
COFFEE possible Elliott wave countsHere are possible wave counts of coffee on higher time frame to lower time frame like, Daily time frame to 4 hourly and 4 hourly to 1 hourly. Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame Possible wave counts on 1 hourly time frame 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.
PEPPERSTONE:COFFEEShort
by RK_Chaarts