Elliot wave Analysis # Gold Elliot Wave Analysis XAUUSD (GOLD) Wave Analysis
480 Mins Bar (log scale)
Double Zigzag formation labelled as (W-X-Y) Structure
Search in ideas for "zigzag"
USDINR #Elliot Wave AnalysisVIEW:
USDINR appears to be poised for an up move as per Elliot Wave Analysis.
STRUCTURE:
Impulse(1-2-3-4-5)+Correction Sequence
Trading Plan:
Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite.
Exit -- at or near or in the target zone as shown in the chart.
Stop Loss -- Invalidation point
Good luck--Happy trading
Elliot wave Analysis # Bearish Sequence BERGER PAINTS INDIA BERGER PAINTS INDIA
60 Mins Bar (log scale)
Bearish Sequence
Zigzag structure labelled as (A-B-C) 5-3-5
Next projected target @ 668 to 639.30 odd levels NSE:BERGEPAINT
Elliot wave Analysis Neutral Sequence in INDIGOINTERGLOBE AVIATION (INDIGO)
60 Mins (log scale)
Wave 4 was a Triangle with the combination of double zigzag structure.
Neutral Sequence
Elliot wave Analysis # Bearish Sequence Long term viewTVC:DXY
Dollar Index (DXY)
240 Mins Bar (log scale)
DXY Correction IV A Double Zigzag or A Flat Structure?
Nifty 50, will do this you can think and do everything in reverse.
Analysis:- Nifty is basically doing a zigzag short-term correction following masse's fomo driven nerves and the strength of this market is too volatile. 800 points nearly 5% of the price fluctuation mind it.
Elliot wave drawing on Daily chartIf we start drawing Elliot wave on EURUSD daily chart with minute degree where we will find out EURUSD currently trading towards 1.1850 at corrective “wave C” in next 2-3 months and it completed all motive waves where find out Wave 5 top 1.2352 (approx) Which may be the Wave 1 top on minor degree.
Since the “Wave-1” starts all the the motive wave are matched with Elliot wave rules.
Now if we talk about entire corrective wave mostly corrective waves formation are 3-5-3 or 5-3-5 Zigzag pattern or flat correction or may be a regular flat. So if we correct “Wave B” high at 1.2250(approx) next move towards 1.2000 level in the near future.
BANKNIFTY AB=CD & Ellioot Wave viewWave C is usually 100% – 161.8% x Wave A in size, but it is possible that it becomes as big as 261.8% on rare occasions.
What I feel is banknifty is making a zigzag with C extended.
The further down may be till 2.618x and the level is 34800(PRZ).
This is not a trade advise but we can observe the case.
Thank you.
Elliot wave Analysis # Canara Bank OutlookCANARA BANK
10 DAYS (LOG SCALE)
11 SWING STRUCTURE LABELLED AS W-X-Y-X-Z
ZIGZAG TRIPLE
Elliot wave Analysis # Bearish Sequence Repost TATA CONSULTANCY S
1hr log scale
Bearish View (5-3-5 Zigzag Structure)
Crude Oil analysis and long future Om Namah Shivay
The crude oil has beautiful Trianlge which has moved below the trendline. But for Nickel, it may be different, and may overshoot the trend lines.
After making the pattern and completing the channel move, the movement is now in a Zigzag possibly. If structure is respected and moves as perceived, then the movement will see down move and then and steep up movement.
This is just a personal analysis and has no trade idea or suggestion.
Om Namah Shivay
Reliance Double or Tripple ZigZag Count Jan 2021Every details on chart, Comments and Suggestions from Elliot Wave Analysts are Welcome :)
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Bitcoin EW analysis intradayOm Namah Shivay
BITCOIN study from 8-1-21 top. a zigzag structure assumed. The future possible price movement is noted with the levels. There are multiple places where the trader invalidates and changes which are critical points and traders are adaptable to them.
The original chart was made in 3 min time frame.
This is just for educational purpose. There are no trading suggestions provided.
Om Namah Shivay
Nifty Elliott Wave analysis 21-01-2021Om Namah Shivay
Today 21-01-2021, Nifty made wave structure which is depicted in the chart. It looks the 5th wave made an ending diagonal.
Probably, The zigzag correction wave is in the making.
The possible further move is drawn.
Originally the EW is drawn on 3 min chart.
This is for learning purpose. There is no trading suggestions given in this.
Om Namah Shivay
Case1: Ethereum Pull back 61.8% of wave (c) of flat to form W.2In timeframe day the rally up of ethereum might be a false motive to lure investor to buy
As you can see in wave (c) of (B) form elongated zigzag which means when the cycle is finish
it has to pull back at least 61.8% of wave (c) (around 547 of half of the current price)
Warning this is just one case of the Elliott wave analysis possibility - Make a research on your own
and don't forget to look at my second case analysis which is in upward prediction.
Be care full!
Vatalix Buterin's fan
Thanat Vichachai
Wait for wave (IV) to troll back at 38.2/50% fibo and open long!AUDJPY Analyze- 9 PM (TH)- 01/06/2021
We are in the wave of the second set of non-standard small x of wave x3
OR Wave A of x3
Which the price is forming last wave v of wave A
and in a deeper degree, it is wave (iv) of wave v
Where are we?
x3 - A - v - (iv)
Plan to trade for tomorrow
1. Wait for wave iv to retrace at red resistance horizontal line at 38.2% or 50%
2. Candles have to be able to stand at those lines
3. Ema 5 and 15 cross up
4. MACD and CCI make bullish divergence in the small timeframe
5. Plan how much you want to risk and place an order with the stop loss and take profit which is around 100% of the previous wave (I) and stops loss is a little bit lower than 50% because wave (ii) is already zigzag which means wave (iv) has to be flat/triangle or combination waves; normally it will not retrace more than 50% of the former wave.
One quote for tomorrow
“Never, ever argue with your trading system” - Michael Covel
---Meaning: It will never get you anywhere! And let’s face it, it’s probably not the systems’ fault. If it’s really doing you no good, change it!---
Thanat VIchachai
This is how I plan to trade for tomorrow EURUSDIt can be any of these 3 cases
1. Wave x is correcting to make the triple combination - UP
The price must not come down more than 1.21557 OR
2. Wave (a) - (b)- (c) zigzag is just sub-waves of wave a - Down
The price must confirm at least 1.21557 to form wave b at 61.8% Fibonacci OR
3. Wave 5 is finished - UP
They are changing trend the price will come down in a long term and it has the potential to dive to 1/3 of the previous cycle which is
around 1.17568 and also can retrace to former wave 4 at 1.15926
Result: 2cases.Up 1case.down- if 1.21557 breaks, means downtrend might occur or just wave b of flat to make another uptrend c wave
"Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment"
SBILIFE Go "Long"Disclaimer: This is my personal view. Please consult your financial advisor before investing.
This stock counter is open for swing trade for Next 20 Days.
1. Support : Stock has taken a meaningful support @750.
2. Wave theory : On hourly chart stock is in meaningful correction and currently in Wave - B or Wave - 2. When this completes Wave - C or Wave -3 should start upwards. Faster retirement has happen from the level of 750 so we could say this is an up move in Impulsive behaviour. Impulsive behaviour is evident on the chart. So this current move could be Zigzag move up either in correction or Impulse.
3. Favourable Risk to Reward ratio is there to take trade.
4. On current Trend-lines, stock prices are on the South bank of current flow and will travel to North bank in up move.
