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Elliotwaveanalysis

Nifty - Elliot Wave Analysis - Short Opportunity!We have had a good run-up from April lows. Today's buying seems like the last leg up which should end 5th up. Now there are two possibilities: 1. Bullish Scenario: Nifty has completed correction in April first week and we have done Wave 1 in an impulse of 5 waves up. In this case we should retrace 38-50% of the move from April lows. So, expect 500-1000 points in Wave 2. 2. Bearish Scenario: The entire move up from April lows was corrective and part of larger X. X is formed by ABC where C is 5 waves up - i.e. the move from April first week lows. If this is the case, then we head to new low in Y. 21500 or lower. In both cases this is the time to initiate shorts and ride at least 500 points the move down. All the best!
NSE:NIFTYShort
by pankajarora232
3
GBP/USD at a Turning Point – Correction Pattern in PlayIt appears that the corrective Wave A in the GBP/USD pair is nearing completion, and the formation of Wave B may be underway. The Wave 1 to 5 structure seems to have been completed, indicating the beginning of an A-B-C corrective phase. If the correction unfolds as expected, potential upside targets are 1.32918 and 1.33555. However, if the market faces rejection below the trendline, the stop-loss level would be  1.32021.
by Money_Dictators
1
#Nifty Investors who missed post covid Rally - Time is Now !!!Nifty set for a massive rally as per wave theory. Chartical representation of my morning market view. It formed triple correction pattern, W,XY,Z As index failed to close above 23800 (Wave X) in last rise started from 21964 levels, wave z is last phase of correction. Watchout for trend change on daily charts in coming days which would leqd to a strong counter trend rally equal to the intensity of this fall. 🤞🤞🤞
NSE:NIFTYLong
by chinmaypatnaikk
EUR/NZD Wave Structure Shift: 4th Wave Correction in ProgressThe 3rd wave in EUR/NZD appears to have been completed, and the market seems to be entering the 4th wave. There is a possibility that the 4th wave could take support near the Fibonacci 0.5 level (1.19164). After that, the 5th wave of the impulse phase may move upward. If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907 .
by Money_Dictators
Godrej Properties is About to Start UptrendElliot Wave analysis of the stock shows following important things: 1. We are currently at the end of Wave 4 (Correction Wave) 2. Wave 2 was sideways and not deep. Thus as per the rule of alternation, the wave 4 was going to be sharp (zigzag) and deep. It has turned out to be so. It retraced as much as 78% of the Fibonacci levels. 3. Wave 4 - ABC had following waves - - A - 3 Waves - B - 3 Waves - C - 5 Waves Thus, the 3-3-5 Waves pattern has been established and verified. What is current situation? Currently, if analysis is correct, it is in the beginning of 5th Wave. It is ahead of Nifty 50 which is yet to start the 5th wave. If it is not in beginning of 5th Wave, it still doesn't have much room anyway left to fall before it begins to reach into 1st Wave territory at 1769 Levels. That is extremely unlikely event. If it happens so, then the wave count will change and entire 1st and 3rd wave will become 1st Wave. This is my understanding. Open for the community views. note: Personal Views only. No buy/sell recommendation.
NSE:GODREJPROPLong
by fvs99
2
XAU/USD: 5th Wave Rally After CorrectionOn the 1-hour timeframe, XAU/USD has formed an Elliott Wave corrective structure. This is an expanded flat correction, typically seen in the 4th wave. The correction seems to have been completed at 3,054, suggesting that the 5th wave may be in progress. For bullish traders, a potential long position can be considered around the 0.236 retracement level as a pullback entry point. The 5th wave has the potential to reach the following upside targets: 3,110, 3,145, 3,165 However, this bullish outlook remains valid only if the low of Wave IV holds. A breakdown below this level would invalidate the bullish scenario.
OANDA:XAUUSD
by Money_Dictators
GBP/USD Technical Outlook: Elliott Wave Mapping the Next MoveThis GBP/USD 4H chart presents an Elliott Wave analysis. Wave (1) and (2): The market had an impulsive bullish movement in Wave 1, followed by a corrective Wave 2. Wave (3): A strong bullish move with momentum. Wave (4): A corrective phase, forming a triangle pattern (a-b-c-d-e), which suggests the market is preparing for another impulsive leg. Entry Confirmation: A breakout above the triangle pattern. First Target: 1.31457 (Fibonacci 0.382) Second Target: 1.32105 (Fibonacci 0.5)
by Money_Dictators
3
Nifty - Awaiting the Fifth Wave for a BreakoutNifty recently hit a low of 21,905 , marking a key reversal point in the trend. A well-defined Head and Shoulders pattern is emerging, with the right shoulder currently forming. The ongoing pullback has retraced to the 38.2% level, but there is potential for it to extend towards the 50% mark at 22,906 . However, the upward move appears to be losing momentum, with buying interest remaining subdued. Based on the chart, the head of the pattern signifies the beginning of a new impulse wave. This appears to be the fourth wave within the larger first wave. Once Nifty completes this corrective phase, the fifth wave is expected to present a trading opportunity. If wave equality holds, Nifty could potentially rise to 24,857 .
NSE:NIFTY
by Money_Dictators
1
NIFTY Elliott Wave Analysis - Long Term targetAfter taking a strong run-up from COVID swing low, Nifty corrected 18% from Oct 2021 till June 22. The correction also followed Elliott Wave principles of the 5 main waves. From June 2022, a larger Elliott Wave is in progress with Wave 3 lasting almost 1.5 years, from March 2023 till Sep 2024. Wave 5 targets can take Nifty above 30k, before we see another major correction that can bring it down to 20k levels. This timeline coincides with the famous Samuel Benner's Market Cycle theory, which states 2026 as a "year of good times, high prices and right time to sell stocks". medium.com
NSE:NIFTYLong
by anubhav_karanseth
AUDUSD - SELL - Wave 5 - Elliott wave AUD/USD (Australian Dollar/US Dollar) is a major currency pair in the Forex market, representing the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). It is influenced by factors such as: Commodity Prices: Australia is a major exporter of commodities like iron ore and gold, so AUD/USD is highly correlated with commodity price movements. Interest Rate Differentials: The Reserve Bank of Australia (RBA) and the US Federal Reserve's interest rate decisions impact the pair significantly. Market Sentiment: AUD is often seen as a risk-on currency, meaning it strengthens during times of global economic optimism and weakens during uncertainty. US Economic Data: Since USD is the world's reserve currency, US economic indicators like inflation, employment, and GDP growth influence AUD/USD. This pair is popular among traders due to its liquidity and volatility, making it a favorite for both short-term and long-term strategies. Are you currently trading AUD/USD, or just analyzing it?
Short
by KaniSivan
NIFTY detailed countingAs discussed in the last post, NIFTY's price has crossed over 23026.85 before 21st March so we can count the current move as wave (3). We can also see that price has broken the base channel, which is an important sign of wave (3) progression. The detailed counting is given in the chart. As we can see, the price is in subordinate wave 3 of the bigger wave (3). The minimum target of Trending Impulse is 161.8% as per the rule. We can expect the price to touch that level in the upcoming session. I have marked, for now, a bigger wave (3) (in red) at 161.8% but as mentioned earlier, it is just the minimum target of it and the price may go beyond this level too. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. This analysis is for educational purposes only.
NSE:NIFTY
by theprofityogi
1
NIFTY: What's next?Nifty is moving as per our previous prediction posted on 5th March. After making a low of 21964.60, which is the completion of wave Z, the price is moving upwards. If this move is impulsive, the price must reach 100% level (23026.85) by 21st March. At this level, there is a cluster of Fib retracement level of 23.6% Further targets will be 127%, and 161.8% levels. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. For educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
Kirloskar Electric : Great time coming ??Hello friends. Lets analyze the Wave structure of Kirloskar Electric in weekly time frame. From the extreme low the price changed its trend through a beautiful wave structure called leading diagonal, where waves may overlap but maintaining the basic Dow Theoretic structure of HH and HL. Then the journey of W-3 and W-5 ended at precise Fib Zone and the price is undergoing correction for an ABC correction for the primary W-2 correction. The best buying Zone is 60-65 as per the character of the corrective ABC wave. The charcter showing us that it may not hold the 61.8% retracement standing at 102. Now if we analyze the ongoing correction in daily time frame we can see the correction is in its final leg which should terminate near 83-90.
BSE:KECLLong
by debabratamath
Possible Elliott Waves Counts of BITCOINHello friends, today we're analyzing the Bitcoin chart based on Elliott Wave Theory. We're using a 4-hour chart, where we can clearly see that we've completed the intermediate degree 3rd, 4th, and 5th waves means the completion of the primary degree ((3)) wave marked in black. After that, we completed another primary degree ((4)) wave marked in black. Currently, we're moving upwards, which should be the primary degree ((5)) wave, containing five sub-divisions marked in blue as (1), (2), (3), (4) and (5) We've almost completed the (1) sub-division and are nearing the completion of the (2) sub-division. According to Elliott Wave Theory, if the recent low wave ((4)) at around $70,200 holds and doesn't break below, the price has the potential to reach new highs towards $110,000 to $120,000. This analysis is entirely based on Elliott Wave Theory and its structure. In this study we used Elliott Wave Theory & Structures, here we have plotted possible wave counts on daily time frame chart of DXY Dollar Index, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong. 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. Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ 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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
2
Is it a reversal in NIFTY?If we observe the daily chart of NIFTY, a pattern like Morning Star can be seen near the 161.8% retracement level. Also, as per our previous study, the recent fall was wave (Z). The minimum target for it is 38.2% extension (which is a failure wave (Z) because most of the time, it is seen that wave (Z) is a failure or truncated). So, we can have a risky buying opportunity here with a small stop-loss below the recent low. Or, if one wants to play safe, he may have his stop bellow 61.8% (21662) level. The near target will be the bottom of wave (Y), i.e., 22786.90 This analysis is based on the Elliott wave theory and Fibonacci. This is not any buying recommendations. This analysis is for educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January. We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart. The top made on 6th February is marked as wave (W) because it has 3 moves in it. The fall after that was sharp and fast. This is the characteristic of wave (X). Now, according to my analysis price is standing on wave (B) of wave (Y). and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension. This not any buying or selling recommendation. This analysis is based on Elliott Wave theory and Fibonacci. For educational purpose only.
NSE:BANKNIFTY
by theprofityogi
5