Get started

Search in ideas for "ELLIOT"

Nifty - Elliot Wave Update So, thankfully we have been aligning are views with the market and reviewing counts at the right time. Lucky much? :) On May 2nd - We caught the top, when the breakout didn't look convincing We got a good correction (Correction was even better in stocks) and booked out at around 24k on May 9th, and changed views, again as the fall wasn't as bad as it was expected after the end of 5th. Hence, it made sense to expect a 5th up. This change in view helped us ride a good move of +1000 points in Nifty and multiple +10% moves in stocks (crazy moves there). Now, while the view shared on May 9th still remains valid, there's an even more bullish view possible. Ideally, I should have waited for more clarity, but thought that someone shouldn't book out of positions, if it's actually that. So, there are two scenarios: 1. We are in 5th up/ which got done, is about to be done. In this case we head down to 23500 or so and then we review if this bounce was corrective or we are going to ATH. 2. We did 1 and 2 and have started 3 up. Within 3 we started the 3rd up today. If this is true, the run up should continue for next few days. How to decide, I am keeping 61.8% of today's move as a deciding factor. So, if we come back to 24700, I'll be out of longs - will even book cash trades and wait for clarity to re-enter. P.S.: You must be wondering, what the two Orange circles denote - Well they are for reminding me that this price action can be a trap, as it has happened in past. :D Though looking at set-ups in stocks and the way they are moving after clearly defining a base - I am quite confident that the low has been made for this correction. As usual, important to track closely and be nimble to change the view and humble to accept mistakes :) All the best!
NSE:NIFTYLong
by pankajarora232
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
NIFTY analysis based on Elliott Wave theoryNIFTY is looking like in wave (Z). Now, wave (Z) is always in 3 moves (ABC). If we take a look in 75 min chart of NIFTY, we may see wave (a) of wave (Z) finished on 12 Feb. The price is in wave B of wave (b) now. It looks like Zig-zag pattern is forming and it is observed most of the times that, Wave B of Zig-zag takes at least equal time of wave A. So we may assume that, wave (b) of Zig-zag will finish at least by 19 Feb near 50% to 61.8% And then we may expect a fall to form wave (c) of Zig-zag. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purpose only.
NSE:NIFTY
by theprofityogi
19
"Classic Elliott Wave in Action – Nifty Headed to 23,250?"📉 NIFTY 50 Elliott Wave Update – July 29, 2025 🌀 Classic 5-Wave Impulse Completed at 25675 ✅ Wave 1 to 5 marked a strong bullish rally from 21700 to 25675. 📌 Now unfolding an ABC corrective pattern. Wave (a) down ✅ Wave (b) bounce underway or done 🔁 Wave (c) may drag us down to target 23250 📊 Volume shows distribution ⚠️ Short-term bearish pressure likely before next major move. 🧠 Trade with patience. Let the correction complete. Next impulse wave may offer high reward setups after Wave (C) completes. #Nifty50 #ElliottWave #TradingView #SniperWave #StockMarketIndia #WaveAnalysis
NSE:NIFTY
by Elliottwave-Edge
5
GOLD: Further levels using Elliott Wave TheoryWe successfully forecasted the path of gold in our post on May 12th. Now, GOLD is looking like it's entering an impulse wave. Wave (1) of this impulse was completed on 23rd May. The price then falls between the zone 38.2% and 50% to form wave (2). This was also predicted by us. Currently, GOLD is in wave (3). Now, to get the targets of wave (3), we have two possibilities. 1. Wave (3) goes to 100% and then reverses. This case is of the Terminal impulse. And the further path of GOLD can be predicted later. 2. Wave (3) goes to 161.8% (minimum). This is the case of Trending or normal impulse. And further path of GOLD can be predicted accordingly. For now, GOLD is looking like going to touch at least the 100% (3490.81) level. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendations.
OANDA:XAUUSD
by theprofityogi
4
Nifty - Elliot Wave UpdateNifty has been testing patience and not letting anyone take positional trades since mid of May. 24500 has acted as a crucial support - and as we come to re-test it today for the 3rd time, I thought of updating the view after my last post on May 15th, as we have a good RR long trade here. We had two alternates: 1. We are in 5th up/ which got done, is about to be done. In this case we head down to 23500 or so and then we review if this bounce was corrective or we are going to ATH. 2. We did 1 and 2 and have started 3 up. Within 3 we started the 3rd up today. If this is true, the run up should continue for next few days. Now, possibility 2 remains as it is, but possibility 1 has changed to look like a leading diagonal. So, instead of 12345 (where 1 and 4 cannot overlap), we are moving up in ABCDE (where A and D can overlap). My view is that we have E up pending - and since we have taken so much time in D, more room is getting opened in E up (top of the wedge structure) - which was 25300 earlier, and is now looking at around 25700 - which is a good 1200 points from here. This move up will also test the bottom of the longer channel we followed from March 2023 and broke in Jan 2025. So, a first test of that channel would mark as a good point for wave 1 to end and a correction to begin till 24000-23800. 24500 breaking and sustaining should act as SL. So, we have a good trade set-up at hand to play till 25500 or 5 wave up, whichever happens first All the best!
NSE:NIFTYLong
by pankajarora232
1
GBP/USD Elliott Wave Update – May 27, 2025📉 GBP/USD Elliott Wave Update – May 27, 2025 📉 After completing a 5-wave impulsive structure from the 1.27 low, GBP/USD is showing signs of exhaustion near 1.36–1.37. 🔻 A corrective decline is anticipated: 38.2% retracement: ~1.33 zone 61.8% retracement: ~1.3050–1.31 zone Major support rests at the previous Wave (ii) low near 1.27 Volume peaked during Wave (iii), but has shown divergence during Wave (v) — classic signal of a potential top. 📊 If this is Wave (v) of a larger impulsive move, expect a deep Wave (2) or (B) correction before resumption. ⚠️ Watch for rejection and reversal signals around 1.36–1.37. Pullback could offer a high-probability long opportunity from the 1.30–1.31 area, aligning with 61.8% Fibonacci retracement. #Forex #GBPUSD #ElliottWave #TradingStrategy #TechnicalAnalysis #WaveTheory #FX
Short
by Elliottwave-Edge
SPX/ NDX/ DJI - Elliot Wave - Change in CountsI have expected May 8th as the top of the pullback in this post: However, it seems that there were more legs pending. View still remains that this is a counter trend rally, and we will eventually head down again. We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up. If I am invested in US markets - I would use this rally to book profits! View is similar in Nasdaq and DJI, so not sharing those charts again. :) All the best!
SP:SPXShort
by pankajarora232
“Bitcoin Weekly Elliott Wave Analysis: Wave 3 Targeting $235K”📈 BTC/USD Weekly Elliott Wave Outlook 🗓️ Chart Published: May 5, 2025 💰 Current Price: $94,359 🚨 Wave 3 Has Begun — Long-Term Bullish Outlook According to the Elliott Wave count on this weekly chart: 1️⃣ Wave 1 (2023–2024) is complete. 2️⃣ Wave 2 (a deep correction) successfully held support at the channel base. 3️⃣ Wave 3 is now unfolding and could reach between $235K and $288K — potentially a +215% rally from the current price. 4️⃣ Wave 4 correction expected in the $175K–$200K zone around 2029. 5️⃣ Wave 5 could take BTC beyond $300K+ in early 2030s. 📊 This is a macro impulse structure, where Wave 3 is historically the strongest. Price is trending well within the long-term ascending channel, giving confidence in a multi-year bull trend. 📍 Key Levels to Watch: Wave 3 targets: $235,000–$288,000 Wave 4 correction zone: $175,000–$200,000 Final wave 5: To be projected post-Wave 4 📚 "Patience is profit." We're early in Wave 3 — the biggest opportunity for high R:R setups. 📎 #Bitcoin #ElliottWave #BTCUSD #CryptoForecast #TechnicalAnalysis #Wave3 #MacroTrend #BTCto250K #CryptoBullRun #TradingView #BTC2030
COINBASE:BTCUSDLong
by Elliottwave-Edge
1
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!
NYSE:DLong
by Elliottwave-Edge
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
Long
by Elliottwave-Edge
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 ...
FX:UKOILLong
by dayanithi555
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.
NSE:SBINShort
by forextidings
8
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.
MCX:SILVER1!Long
by freestocktips
6