HDFC Elliott Wave Analysis - Weekly AnalysisHello Fellow Traders,
I started learning Elliott Wave Analysis with online free tutorials.
I could able to draw based on rules I learned and wanted to put in public to correct and learn my mistakes.
Last leg of irregular ABC is in progress and it will be end before 2618 and I feel next WAVE will be fast.
Search in ideas for "ELLIOT"
BALUSDT can bounce on Elliot wave CBALUSDT can bounce on Elliot wave C or on 4hr orderblock BINANCE:BALUSDT.P
JK Paper: In Elliot Collective WaveWe are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib.
Here are our observations:
We are actually in the corrective A,B,C phase of wave formation.
The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C.
The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of Fin retracement (which is around 300).
CRUID OIL ELLIOTT WAVE ANALYSIS 22.2.21BUY 58 TO 56.589
TARGET 71
Reason For Buying This Script :
In weekly frame it is forming the Elliott wave it is having good potential to move upward. so we can go for buy.
Now it is in correction mode . Use this opportunity and buy at this levels 58 to 56.589.
once it cross 71 and close above 71 in weekly time frame means next target up to 87 .
Note :
Above given levels are based on weekly time frame . It will take some days to achieve the target, So be patience.
Above given target are in USD .
All the best ...
SBI in a flat correction - Elliott Wave TheoryI have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave.
There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level of 61.8% , C will be at/nearby 195 . These levels are target prices for the day traders.
MCX Silver's Next Target 65200 by the Elliott WaveHere, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels:
Intraday Targets: 62100 - 63300
Positional Targets: 64260 - 65200
At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.
BITCOIN ElliottWave for Y2025The current market phase appears to be in the final stages of a significant uptrend, with Bitcoin reaching a potential peak near $108,000. This aligns with the completion of the 5th wave in Elliott Wave theory. After this peak, a corrective phase is anticipated, which could result in a retracement of 50% or more from the top.
Key levels to watch during the correction are marked by Fibonacci retracements:
86k (23.6% retracement): Initial support zone.
72k (38.2% retracement): A critical level where a bounce could occur.
61k (50% retracement): A psychologically significant level.
51k (61.8% retracement): A deeper correction target.
The market may form a reversal pattern during this corrective phase, with potential sideways or downward consolidation lasting through 2025. Traders should remain cautious and watch for confirmation of trend reversals at these levels.
#BTCUUSD #bitcoin
Dominion Energy (D) – Elliott Wave Analysis and Trading PlanHere's a draft for a blog post on your Dominion Energy analysis:
# Dominion Energy (D) – Elliott Wave Analysis and Trading Plan
In this post, I’ll share my Elliott Wave analysis for Dominion Energy, Inc. (ticker: D), outlining a potential buy opportunity based on the structure of the wave patterns. As the energy sector evolves, Dominion Energy presents a technical setup that could provide solid upside potential.
**Chart Overview**
On the daily chart, Dominion Energy is forming what appears to be an Elliott Wave structure, providing clear entry zones and targets for a potential bullish reversal.
#**Wave Structure Breakdown**
1. **Wave (b) - Completion of Downtrend**
Dominion Energy experienced a significant decline, reaching what appears to be the completion of a corrective wave labeled as (b) on the chart. Following this wave, the price has shown signs of a bullish impulse, suggesting a possible trend reversal.
2. **Wave (c) - Establishing a Base**
The downtrend continued into wave (c), where the stock likely found a strong support level. This phase could indicate the end of the broader corrective wave, setting up the stock for a potential upward movement.
3. **Wave (i), (ii), and (iii) - Impulsive Movements**
After wave (c), we see a series of impulsive waves labeled (i), (ii), and (iii). These waves mark the early stages of a potential new bullish trend. Wave (iii) suggests strong bullish sentiment, while wave (ii) represents a healthy retracement often seen in an Elliott Wave setup.
4. **Current Setup: Wave (iv) Retracement**
As wave (iv) retraces, there’s an opportunity to buy as the price pulls back into a key support zone. I’ve identified two potential entry levels:
- **Starting Buy Level:** $57.79
- **Secondary Buy Level:** $54.89 (if the price dips further)
This yellow zone marks an ideal area to start accumulating a position, anticipating a move up in wave (v).
### **Why Buy Dominion Energy Now?**
Dominion Energy’s technical structure aligns well with the Elliott Wave framework, providing a clear risk-to-reward setup. Here’s why this trade looks promising:
- **Wave (v) Target:** If the wave count is accurate, we could see the price push significantly higher as it completes wave (v), targeting the $70–$75 range in 2025.
- **Strong Support Levels:** The identified buy zones around $57.79 and $54.89 offer strong support, limiting downside risk.
- **Energy Sector Strength:** As the global economy adapts to energy shifts, companies like Dominion Energy are positioned to benefit, especially as they invest in infrastructure and alternative energy solutions.
### **Trading Plan**
Here’s how I plan to execute this trade:
1. **Enter Initial Position:** Start buying at $57.79.
2. **Add to Position if Dips Further:** If the price moves down to $54.89, I'll add to the position.
3. **Set Target for Wave (v):** Looking for the stock to reach around $70–$75 as the final wave (v) unfolds.
### **Risk Management**
As with all trades, risk management is key. I’ll monitor price action closely and reassess if the structure invalidates the Elliott Wave count or if the price breaks below significant support levels.
---
#### **Conclusion**
Dominion Energy is presenting a compelling setup based on Elliott Wave analysis, with a clear path forward for a potential bullish move. By entering at key levels, I aim to capture the upcoming wave (v) and ride the trend as the stock moves higher.
As always, this analysis is for informational purposes. Please conduct your own research or consult a financial advisor before making any trading decisions.
Happy trading! 📈
---
Let me know if you’d like to tweak any part of this!
USD/CAD Elliottwave I’ve mapped out an Elliott Wave structure for USDCAD on the 2-hour chart. Currently, the pair is progressing through the wave sequence, and I’m anticipating a final push to complete the 5th wave around the 1.4160 level.
🔹 Key Levels to Watch:
Potential retracement zones for waves 3 and 4 are highlighted, which could present good opportunities for those looking to enter or add positions.
This chart is free for everyone—feel free to use it as part of your trading plan! 🙌
If you find value in my analysis and would like to show some gratitude, consider supporting via Your support helps me keep sharing insights like these with the community!
#Forex #ElliottWave #USDCAD #TechnicalAnalysis #Trading
Nifty50 Elliott wave analysisFor Week (9th to 13th Jan 2023)
#Nifty50 is Five impulses in down ??
It is interesting to see 4th wave correction unfolding.
Is it completed or going to unfold more complexly??
hmm, Have you noticed 2nd wave was inverted flat?
It might be possible that 4th wave has been over at 18266.
I need more confirmation around 17950.
If fails then we may see the 5th wave towards 17585 in the coming week.
#elliottwave #nifty50
Elliott wave count: we are in Wave 4-5I will present my way of counting Elliott waves to identify the upcoming local top of BTC. Each Elliott wave researcher and practitioner will have their own way of counting, and each counting method has its own basis and weaknesses. I hope to receive feedback from traders who use the Elliott method. For those traders who do not use this method, please feel free to refer to it if you find it interesting or useful.
1. BTC has broken the downtrend from the end of 2021, and I consider the start of the impulse wave to be late November 2022. Wave 0-1 extended until April 2023.
2. The duration of Wave 1-2 is not shorter than the duration of Wave 0-1, therefore Wave 1-2 ended in August 2023.
3. Using ExFibo, I determined that Wave 2-3 = 1.618 Wave 0-1. Wave 2-3 ended in March 2024.
4. The duration of Wave 3-4 is not shorter than the duration of Wave 2-3, therefore Wave 3-4 ends in September 2024.
5. The most important thing right now: predicting Wave 4-5.
Wave 2-3 was larger than Wave 0-1 so there is no limitation for Wave 4-5. I can list some cases that we can follow:
a) Wave 4-5 = Wave 0-1 => BTC may form a local top at ~$103K.
b) Wave 4-5 = Wave 2-3 = 1.618 Wave 0-1 => BTC may form a local top at ~$155K.
c) Wave 4-5 = 1.618 Wave 2-3 = 2.618 Wave 0-1 => BTC may form a local top at ~$295K.
in ABC zig zag correction will formed Wave CFall expected for Wave C
Apollo hospital in ABC zig zag correction
Fib retracement done 61.8% on ,Monday Fall is expected
This for study purpose
AUD/USD Elliottwave analysis Monthly analysis of AUD/USD suggests we may see around 2000-3000 points of 3rd wave in coming years.
3rd of the 3rd is under progress if the low will not break the downside. If everything is as planned then we may see 0.86 soon .
Exideind ,elliot wave, fib extelliot wave analysis. 3rd wave may started in exideind target can be 176 178 and 5th wave target -184-86
IDFCFIRSTB on Weekly Chart- Elliott Waves - LongIDFC First Bank has completed one Elliot Wave cycle with an impulse wave 1-2-3-4-5, starting from INR 18.5 and ending at INR 69.25, and a corrective zig-zag wave A-B-C, ending at INR 40.7. This cycle is a formation of a bigger wave, wave 1 & 2 (which is not marked in the chart). If the analysis holds true, wave 3 has started.
Trading guidelines:
1) Aggressive Trade (arrows shown):
-Entry when the extreme of wave 4 of corrective wave C is broken, i.e INR 52.5
-Stop loss at the end of wave C, i.e INR 40.7
-First Target close to INR 62. This is because there wave B ended and also, there seems to be a strong resistance (conformed by standard pivot point & also on monthly chart)
-Second Target close to INR 75. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
2) Conservative Trade (arrows not shown):
-Entry when start of wave B is crossed, ie close to INR 62.
-Stop loss at the end of wave C, i.e INR 40.7.
-Target close to INR 106. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
Extra:
On checking for fib relationship between bigger wave 1 & 2, wave 2 was expected to reach INR 39.7 (0.618 retracement). However, it reached INR 40.7 as the low, which is close to 0.563 retracement.
Elliott Wave analysis in TATA POWER !! we can see the chart off TATA POWER currently obeying three Wave of Elliott Theory
- Wave (2) retraces Wave (1) about 21% (we can call it as flat correction)
- Whereas Wave (3) retraces Wave (1) about 163% (which is exact % of Elliott Wave Theory)
- by the way we can expect Wave will retraces about 100% Wave (1) n , that will be short term Target of 210
- expected Wave (4) will retraces about 50 % n, here is our ENTRY in between 172 to 184
- with the STOPLOSS of 167 just below the crucial short term support level
- Volume also obeying with Elliott Wave Theory
- i hope that it will help a lot , do like n follow for more
have a nice day ...
SUBEX - Dream-Surfing the Elliott Waves!Elliot Wave Theory
5-Wave Impulse Pattern Complete!
(1-3-5 motive upward waves, with 2-4 being corrective)
3-Wave Corrective Pattern Complete!
(Wave 5-A equal in length to B-C)
Consolidation within Pennant formation.
HUGE breakout from the Pennant with HUGE volume.
Could be start of the next set of Impulse Waves!
Happiest Mind Elliot Wave 5 Impulsive waves done?According to Elliott Wave principle, the 5 impulsive waves are followed by 3 corrective waves.
Is the party over for Happiest Minds ?
Let me know your views.
Elliott Wave Grid - Weekly log scaleRequire serious Elliot wavers to comment on it . If u feel otherwise kindly comment with reasoning . Regards
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame.
Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead.
With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade.
SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills.
Regards,
Ravi B
Elliott Wave counts on Cycle levels -Petronet LNG Petronet LNG Cycle level Elliot Wave Counts look Probable rally in coming days, because now started a dynamic 3rd wave with nice targets on upside. NSE:PETRONET
