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XAU/USD(Gold) lokks like formation of Ending Diagonal StructureELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart. Elliott wave is an road map to identify the direction of market. Wave "1" : Motive wave completed Wave "2" : Simple zigzag completed Wave "3" : Motive Wave Golden wave also completed. Wave "4" : Correction completed. Wave "5" : Market structure trying to form an Ending diagonal , wait for structure formation so that gold can move downside upto 1650 level Kindly hit the like button to forecast the chart like this further
OANDA:XAUUSD
by keerthivasan_88
SO FAR SO GOOD. BUT HOW FAR?Explained as lucidly as possible on the chart. The whole analysis is based on zigzag correction. I don't have a better alternative count so far. But mkt is the SUPREME. So remember the invalidation line.Till that breaks: BEWARE. DEEP CLIFF AHEAD. DISCLAIMER:- Views are personal. Should not be construed as trading advice.Trade as per your understanding/ method & risk appetite. NOTE:- Don't forget to press the ' LIKE' button for the advance warning. Additional- was expecting this up move & alerted much before it happened. Pl see the link attached.
NSE:BANKNIFTYShort
by eternallearner
2
AUD/CHF Start of 5th wave(Bearish Scenario)ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart. Elliott wave is an road map to identify the direction of market. Wave "1" : Motive wave completed Wave "2" : Simple zigzag completed Wave "3" : Motive Wave Golden wave also completed. Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed. Wave "5" : Motive wave 5th wave going to start again. (Invalidation level or stop level clearly mentioned in the chart) Kindly hit the like button to forecast the chart like this further
Short
by keerthivasan_88
Nifty Elliott wave update: 23%-38% will be trend deciding rangeIn Nifty 1hour chart bounce from 15183 is looks like Double zigzag(WXY) correction. Wave c of second abc started from 15858 is already achieved its minimum projection range(16622-16803). Which could be the resistance range for nifty And retracement range of wave c started from 15858 to 16752 is coming at 16541-16410 which will act as support range. If nifty make new high above 16752 then this retracement range will change accordingly. 38% level is the break even point for downside. Consolidation in this support range(16541-16410) will be positive sign for nifty but if Nifty breaks 38% level sharply and if close 1hour candle below 38% level then trend will change and decline towards 15858 and 15511 is possible.
NSE:NIFTY
by chirag_Khasiya
4
Nasdaq Elliott wave structureElliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern. Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a double correction. Internal subdivision of wave (5) is unfolding as a 5 waves impulse structure, where wave 1 completed near 11400, Now wave 2 rally is in progress to correct cycle where wave ((a)) and ((b)) had already ended and now wave ((c)) of 2 to end soon and Index to turn lower. Should sell on rise, On the way upside Invalidation level is pegged at 12230, and RK's stop line on daily chart can also be a hurdle to go up side, which is pegged at 12070, On closing below 20DMA can show more weakness, which is now pegged at 11621, Once its gone then more journey towards south can start, towards 11500, 11394, 11291, 11145, 10959, 10729 and 10441 too. Overall wave structure along with all the key levels Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
SKILLING:US100Short
by RK_Chaarts
RBLBANKWe are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too. Overall wave counts on weekly chart macd in monthly turned negative macd in weekly negative macd in daily also in negative rsi in weekly down tick and below 40 price below lower bollinger of weekly Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
NSE:RBLBANKShort
by RK_Chaarts
STOVE KRAFT Elliott wave long term viewSTOVE KARFT : Buying dips after double three Elliott wave correction, Long-term investment pick In this technical blog we’re going to take a quick look at the Elliott Wave charts of STOVE KRAFT published in members area of the website. As our members knew, we’ve been favoring the long side in STOVE KRAFT due to the fact that many Home appliances stocks been favoring more upside. STOVE KRAFT (STOVEKRAFT NSE) has been trading in a huge up-trend since its inception in the market. The Symbol ended a Primary degree back in 2021 and corrected for 1.5 years until it found buyers again in recent time.The intermediate trend is sitll bearish and one should wait at least for 491 level to come. The Elliott Waves Theory basic rule is that the market trends in five waves and correct in three waves as following chart shown in STOVE KRAFT Long term Elliott Wave view in Stove Kraft suggests the rally to 1133.7 ended wave ((1)). Wave ((2)) lower is currently in progress. The decline from ((1)) peak is unfolding as an ABC ZIGZAG Elliott wave structure Down from wave ((1)). One can accumulate the stock around 480-490 level for a long term target of 1000, 1200 level. Discliamer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. ... Investment in markets is subject to market risk.
NSE:STOVEKRAFTLong
by Dino_Naidu
NIFTY_ Up or down, from here..We are working on 15 minutes time frame and try to understand wave principles/ behavior on small TF Here, one leg of correction has already been completed @ 15600 levels, marked as Y. Now, from here, pattern could be completed or could undergo any complex correction, CASE-1 As per marked pattern, connecting wave (x) or (A)has been formed (Pattern ABC, could be connecting, & could be flat) @ 18100 levels. If the wave marked is A (535 pattern) possibilities are the counter waves could be B (again in ABC (535 pattern) & if you sum up both waves, waves A & B have been completed & now its turn for the wave wave C to complete, possible pattern is (335) could be Flat correction and now i am expecting the waves to get completed in 5 waves pattern, as per shared diagram CASE-2 If the connecting wave is X, then and if we change wave count the valid possibilities could be (ZIGZAG correction) wave A has been completed & now wave B is underway, the possible completion level in this case id 61.8% of wave A. as shared in diagram
NSE:NIFTYLong
by ShubhamKatiyar
End of Zigzag wave A.Get long for wave B rise.Bajaj Finance has shown an impulsive decline and has finished it's 5 wave impulsive decline there by forming a ending diagonal in wave 5 in todays trading session.we also have a full moon today and full moon has produced bottoms in past. One can go long at cmp of 5671 with a stop-loss of 5480 on the down side for targets of 6162 and 6372. Disclaimer: This are just my view on the stock no positions should be taken on its basis,posting this for my future reference.
NSE:BAJFINANCELong
by UNDERDOG-29
2
Is pattern completed for BNF or their still some hope?Here the matter of concern is where, the complete structure is heading towards? Is it towards further complex correction or correction has now been ended? Let's find out. Here, BNF has completed, ZIGZAG correction as per Elliot's standard rules. (Till Period 08-03-2022) ZIG ZAG waves personality Patten- ABC Sub waves- A(5,3,5), B(A,B,C) & C(%,3,5) Fib retracement for wave C: Can't go beyond 61.8% of wave (A) From here, It has gone up to 38782. So, here the question is, is it the connecting wave X or it's another pattern. CASE -1: If its WAVE X: The retraced move and as per mentioned counting it could be (WAVE-1) , which has ended @ 33000 and now its the time retracement of wave 2. (Here, important point to note is (WAVE-2) can go till the start of (WAVE-1 (in some cases)), but can't go beyond origin of wave 1. In this case we have to wait we have to wait for proper price action at FIB levels starting from 61.8%. CASE-2: If it's not WAVE X: As per the price action & waves personality, it could be FLAT that might end at around the the top of the channel having sub structures as ABC (A: 3 sub waves, B: 3 sub waves & C: 5 sub waves) and if it's not FLAT the correction might go in the form of triangle. (No visual waves formation of BNF in form of triangle till now) Now time for trading plan. Expecting the retracement is impulsive in nature (could be the last leg i.e. wave C). Buy on ever dip preferred having SL below 50% FIB levels (from Sub wave 2 to expecting wave 3 in market hours)
NSE:BANKNIFTY
by ShubhamKatiyar
13
EWT - Gail is Going To Break 2021's High Gail India has completed its 4th corrective wave, where wave C is the last leg of correction. Price took 27 weeks to complete the corrective wave ((4)). After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high . The traders can expect the following targets 149-156-170+ for impulsive wave ((5)). Invalidation point is low of wave ((4)) at 125.20. Wave Formations: Wave ((1)) started to form an extreme low at 65. - Leading diagonal Wave ((2)) has retraced 0.618% of wave ((1)). - Zigzag correction Wave ((3)) has extended 2.618% of wave ((1)). - Five wave impulse Wave ((4)) has retraced 0.5% of wave ((3)) - Extended wave 5
NSE:GAIL
by forextidings
7
EWT: NSE United Spirits Multiple Time frame studies United Spirits has started wave cycle from 85.20 . Wave ((1)): Wave ((1)) is an impulse pattern that occurred in 201. Wave ((2)): Wave ((2)) is a zigzag pattern that occurred at 95.55 . Wave ((2)) retraced 100% of wave ((1)). Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)). Wave ((3)): Wave ((3)) is an impulse with extensive nature 3.618% of wave ((1)) occurred at 816. Rule 2: Wave ((3)) can never be the shortest impulse wave. Wave ((4)): Wave ((4)) is a triangle pattern with a five-wave structure retraced 50% of the wave ((3)). A: 594 B: 801 C: 438 D: 742 E: 442 (terminating wave) Price surged after the breakout of the B_D trendline. Rule 3: wave 4 can never enter the price territory of wave 1 Wave ((5)): Currently, price is forming an impulsive wave ((5)). Wave ((5)) has retraced 161.8% reverse Fibonacci of wave ((4)), which is the most acceptable retracement for wave ((5)). Let's check the Fibonacci extension of the wave. Wave ((4)) extended 78.6% of wave ((1)) through ((3)) at 1020, and the price had made a high of 1019. It is also an ideal level for wave ((5)). We still have a 100% Fibonacci extension level for wave ((5)). Our next step is to analyze the lower time frame chart and study the sub-wave behavior of waves ((5)). I am working on the lower timeframe, and I will update it here. It will remove your confusion. Thank You :)
NSE:UNITDSPR
by forextidings
5
Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5. Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)). Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.
NSE:JSWENERGY
by forextidings
2