In old school method or traditional technical analysis pattern which rises & are messy in nature are called “wedge”. In Elliott Wave analysis we call it “Ending diagonal or Type-2 diagonal” which ends the current trend. Both terms imply the same thing – reversal ahead or next. Index has been in uptrend since key support 17260 which was suggested as Part -B...
Hello All, Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal. ---------------------------------------------------------- Markets don't work on assumptions ---------------------------------------------------------- As a trader, never assume any...
Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle. for wave ((5)) = ((3)) at 517.9 and for, wave ((5)) = ((1)) at 514.95 Key Reversal zone - 511 Flat, a "sideways" correction is completing for wave "X". Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3 internal signature in real-time analysis...
Getting Ready for next IMPULSE WAVE Strong Support 0.8300 levels Tripple bottom in LTF (4HR) RSI Divergence
From the last idea- WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle Few Adjustments done. Wave- D has been changed to 17941 Highs as discussed over the last idea. ------------------------------------------------------------------------------- Since Morning @ 8th Oct2021 - How Index unfolded ...
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a...
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp...
CRUDE OIL: EDNIGIN DIAGONAL : MY FAVOURITE ! Go long with day low SL 67.5 $ for minimum target of : 70.85 $.
Short Term View -Sell Nifty Below 15820 strictly target 15700 Not valid above 15820. Updated in the status. Thanks
Sell Trades Only Below 15900
Sell only below 15700 & 15680 which is required as confirmation levels for the trade to be active & downside we expect 15460 as target. Thanks
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 5-7 times .
now nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell. from now we will be bullish if it crosses 15450 and below 15450 -- bearish so a good fall fall is expected in market after completion of ending diagonal. PCR is 1.24 Indian VIX is @ 19.08
Careful at the Tops!!! Target done from last idea 14900 to 15137 - Selling gets confirmed below 14884 - Target 1-14591 / Target 2- 14415 / Target 3-14151- Happy Weekend!!! --------------------------------------------------------------------------------------------------------------------------- Last idea - Can This Be A Wedge ------------
Buy with sl of 153 tgt: 168/180
A detailed Elliottwave correction is labelled. A large wave 3 impulse was followed by an expanded flat Wave 4. We may have just completed a wave v or 5 of c of C of 4- which has taken the shape of an Ending diagonal. This has also ended at the previous Wave 4 which is typical such corrections. This seems to have ended wave 4 - a large ABC expanded flat. If the...
Long 75 stop loss 67 targer 92-112 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your...
Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)