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Approach towards AUDUSD Short.Hello Traders! 1. We see an Elliotical rising wedge completed. 2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down. 3. A retracement of 61.8%. 4. The invalidation level and target levels have been marked on the chart . 5. This is not a very long term trade . Though, it is not expected for AUDUSD market to touch the invalidation level even after our trade is complete, we will still not go short further than Target 2 and wait for re-entry. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
MCX Natural Gas – Elliott Wave projectionNatural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its corrective cycle at 219.8 where wave A=C. If the price sustains below the lower band of the channel, traders can expect the following targets: 288 – 275 – 267 . According to Elliott waves, correction can occur near wave (4) of the previous cycle. I already mentioned expected reversal points.
MCX:NATURALGAS1!
by forextidings
1
Aptech Limited_ Bullish-lets assume, we have some trend before & when ever any trend gets completed, the waves always retraced the impulsive waves or the main trend. -Here also we have seen retracement in the form of ZIG-ZAG (ABC) correction. -Important part to notice in zigzag is its always get complted in (535) wave pattern. -Here also we have seen the same pattern, the corrective waves gets completed @100 % fib extensions levels. (check the accumulation at the same level) - Once the trend gets completed, (impulse + correction) we always see the new trend setup to take place. -Here, I have marked the levels & numbering for the new impulsive waves. -It looks like, we are some where in between wave 5 of new impulsive wave.
NSE:APTECHTLong
by ShubhamKatiyar
Bank Nifty - Emotional Zigzag (Weekly Outlook 9th -13th Jan2023)Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. This Video Talks About Fear & Greed - Two Visceral Emotions It is very important to control your emotions, to avoid any unfavourable outcomes for the decision made as an investor or trader in the market Settings to be applied as Author As a contributing author or following your favourite author, there are few settings to be applied in order not to miss the updates from your favourite author & vice versa. BankNifty Weekly Outlook Weekly outlook for the Index / What to be expected. Opening huge gap up for Index today @ 9th Jan2023, do not hurry up & if Index halts upside in 42650-42750 zone, look for retracement in 42200-42300 zone & managing your risk below 41900-42000 & doing your due diligence, can expect upside attempt by the index in 42800-43000 zone / above 43000 for 43200 later close by range of 43578 which is close to the parallel channel drawn from 44151 to 43578 & pulling down to connect 41597.
NSE:BANKNIFTYLong
by WaveTalks
17
JINDAL STEEL AND POWER stronest stock in steel sector.Look at its chart it is bouncing storngly. It has not declined compared to SAIL. I have publised the chart of SAIL just now. after 5 wave impulsive rise it has gone zigzag corection, After high of just above 577 fell to sub 300 with in a span of two months, after that it has been rising.. as long long as it has not risen five wave impulsively we can not say its uptrend has agin resumed. But let us take the benefit of its uptrend. If dollar cools down further we can see bounce in metal sector. Don't forget to likr this post. follow me to geet updates.
NSE:JINDALSTEL
by bijoy2526
EWT - Is EICHERMOT Forming Wave (5) Of Its WaveCycle?Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high probability. Eicher motors have given a good breakout and broken out wave 2 of the triangle and impulsive wave (3). If the price sustains above 3790 , traders can trade for the following targets: 3948 -3992 - 4030+ . I will update further information soon.
NSE:EICHERMOT
by forextidings
2
Bank Nifty 15 Min Time frame EWT Analysis Bank Nifty 15 Min Time frame EWT Analysis I study Impulse wave :- 12345 structure starting point is ending point of wave 4 dated 29.08.22, Wave 5 ended 40077 and make ending diagonal price reject from high 40077 to 39258. as (A) (B) (C) regular flat its internal structure abc of wave A and wave B 0.786 % retrace of Wave A Than wave C started as 12345 and wave C completed Fib extension of AB 1.272 % Area 39300 OR projection of Wave A 1.618% 39262. In another way we use Fibonacci retracement from beginning of wave 1 to wave 5 (37943 to 40077) 0.38% is 39258. in this area buyer active. After completion of Regular flat (A) (B) (C) Price bounce from this area denoted as abc zigzag mark as wave (w) and wave (X) as expended flat and we can anticipate wave (y) Fib Extension 100% to 1.272% Area 39660 to 39767, which is retracement of Regular Flat (A) (B) (C) 0.5 % to 0.618%. price may be reject from this area as complete wave (y). Disclaimer It is my personal research before you trade planning please do yourself study so that you will be responsible of any profit and losses Thank You
NSE:BANKNIFTY
by meenaanita613
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
Elliot Wave Analysis of Nifty 50: All Time FramesView: Bearish in short term, Bullish in long term This analysis will show how the Nifty 50 index unfolds into the Elliot Wave patterns. First, we try to understand the wave structure in the weekly timeframe. The first wave traversed from 279 to 6357.1 which, in turn, corrected to 2267.7, which is approx. 61.8% of wave 1. The third wave was normal and completed at 12103.05 which is 161.8% of wave 1. The correction of 3rd wave was expanded flat. Wave C of the 4th wave was swift and ended at 7511.1 which is approx 50% correction of wave 3. If we look into the internal wave structure of the fifth wave, wave 3 was extended (416.8% of wave 1) and completed at 18604.45. Wave 3 corrected as wave 4 by approx 38.2% in complex correction pattern W-X-Y-X-Z which seems to be completed at 15183.4. Bounce from 15351.9 to 17992.2 may be expected as the part of wave 5 of primary wave structure. Within bounce from 15351.9, wave 1 may be completed from 15351.9-15927.45. It further corrected by approx 50% of wave 1 and completed wave 2 at 15511.05. Wave 4 of the extended wave 3 is expected to be in progress. Decline from 17992.2 is expected to be a zigzag (5-3-5). It seems that wave A has been completed at 17345.2. 38.2% correction of wave A has been breached. The index may face resistance at 50% correction level of 17668.1 which may also be the reversal point making end of wave B. After that we may see the unfolding of wave C of the correction to 17178.7 level which is 38.2% correction of wave 3 of extended wave 3.
NSE:NIFTY
by Epic_Elliot
4