COFORGE: ZIGZAG CORRECTION , confirmation After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Search in ideas for "zigzag"
EURAUD LONG AND SHORT SETUPEURAUD CURRENTLY IN ZIGZAG RANGE ..WHAT CAN HAPPEN...???
RED LINE :
IF EURAUD BREAK THE CURRENT RESISTANCE IT CAN MOVE TOWARDS FRESH RESISTANCE AND THEN
GO SHORT @ 1.64550 WITH STOP LOSS @ 1.64800
TAKE PROFIT @ 1.63750
GREEN LINE :
IF IT FAIL TO BREAK THE RESISTANCE THEN IT WILL MOVE TOWARDS SUPPORT ZONE AND THEN
GO LONG @ 1.62350 WITH STOP LOSS @ 1.62150
TAKE PROFIT @ 1.62900
AND ONCE REACH THE FRESH RESISTANCE
GO SHORT @ 1.62900 WITH STOP LOSS @ 1.63200
TAKE PROFIT @ 1.62000
Gold have to Come at C level ! (MCX) Impulse Phrase is completed and the correction phrase is forming.
Fib. RET. :
wave 2 : 78.6%
wave 3 : 361.8% (Extended)
wave 4 : 38.2%
wave 5 : 161.8% (Extended)
wave B is Bellow the starting point of wave A, so we can expect
Zigzag correction at Wave C.
both parallel channel are giving Confirmation at wave C.
Limit of wave C is wave 2 of (5) wave.
NIFTY CAPPED AT 12770 ?As per Elliot wave theory correction waves will end at exact fibanocci ratios like A=B OR C=1.618*A
Nifty complete its wxyxz Triple Zigzag correction and the final wave Z is A=C now.at 12770
any break upside will fuel nifty to exend Z wave, The announcement of 15% GDP Stimulus yesterday has no gas
muhurat Investers are the only hope tommorow.
Money is the fuel,lets see .
otherwise lets start short the Market upto 10930
happy DIWALI
Nifty correction Tripple Zigzag countDISCLAIMER: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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Nifty after breaking 11690 we can be sure its still in correction and can head towards 11400 levels filling two gap as shown in chart.
Invalidation level
What will happen with SBI?
We have a Leading Diagonal which makes Wave 1;
We have a Type 1 Zigzag here and Wave 5 completes the Upward Impulse move and now will start the Correction;
In correction we have Waves A; B and C
This is Wave A.
This completes Wave B
Now we will check how much the Wave B has retraced into Wave A; that will tell us what will form in Wave C;
So we see that Wave B has retraced Wave A by more than 100% which confirms the Correction structure that is forming is a Downward Flat correction structure; therefore Wave C will be a 5 Wave downward Impulse;
So we are having a 5 Wave downward Impulse where Waves 1, 2, 3 are complete and Wave 4 is onn; we will verify in the Lower Degree what structure is forming in Wave 4; After Wave 4 ends we will have one more downward Impulse in Lower Degree which will be Wave 5 and hence will complete Wave 1 of the Downward Impulse; then Wave 2 in Upward direction;
This is a good short Trade will give the Put Price when the Upward ABC structure completes;
Learn To Trade the Triangle Exceptinal Risk:Reward Trade USDCHF
We have a 5 Wave upward Impulse complete; then we have the 3 Wave Correction forming where Wave A is a Flat structure complete and verified; Wave B is a Contracting Triangle complete and verified; after completion of the Triangle there is a massive move in the direction opposite to the Wave E also Wave C is in the direction of Wave A hence Wave C is expected to be a downward Zigzag hence two impulses; therefore justifies the Risk:Reward of 1:19 Enjoy the Trade;
NIFTY ABOUT TO EXPERIENCE THE BIGGEST CRASH EVER!!!
We see 5 Wave Upward impulse is complete and therefore now starts the Correction;
We have verified the Wave 5 which confirms the completion of the Upward 5 Wave Impulse; we see Wave A and B which we will verify in the Lower Degrees to understand the current Correction structure better;
So in Correction we have a Wave A ; Wave B ;
Therefore, Wave A and Wave B are complete.
Now depending upon the retracement of Wave B into Wave A we know what will be the Wave C formation; here we see that Wave B has retraced Wave A more than 80%; therefore Wave C will be a 5 Wave downward Impulse;
This is how we will have Wave C
So in Wave C we know we will have a Downward Impulse this is the Wave 1 (Leading Diagonal); as Wave 1 is a Leading Diagonal Wave 3 will be an EXTENDED WAVE.
THIS IS ALL TO THE BEST OF MY ABILITY; GOD BLESS INDIA
GBPUSD Long Term Analysis as per The Wave Theory
We have a 5 Wave Downward Impulse structure complete and now starts the Upwward Correction
Here We have a Wave A which is a Upward Correction and this is a Type 2 Zigzag (where Wave A or C is a proper 5 Wave Impulse whilst the other is a ABC);
This downward 5 Wave Impulse is a Wave A then we will have a 3 Wave structure Wave B and then a downward Correction again;
USDCAD analysis for short term as per Wave TheoryPlease check the Long term analysis for the bigger picture;
As per the bigger picture we know there is a Flat structure forming and hence we will have a downward Impulse; In short we will have a 5 Wave structure formed in the downward direction; Below is the Wave 1 complete picture verifying every Wave in the Wave 1 which confirms completion of the Wave 1 and now Wave 2 will be an Upward Move as its gonna be a Correction;
Confirms completion of Wave 1
After the completion of Impulse we have a Correction hence here is the picture of the Type 2 Zigzag (where Wave A or C one of them is 5 Wave Impulse whilst other is a ABC correction)
This completes WAVE A a 3 Waved structure and now Wave B is forming lets check it out as well;
For now we have a downward 5 Wave Impulse almost formed which makes Wave A (Wave A of Wave B) then we will have an upward Correction (Wave B of Wave B); then we will have a downward correction structure Wave C (Wave C of Wave B)
After completion of Wave A and B which will be both 3 Wave structures then we will have an Upward Impulse a 5 Wave structure.
This will complete WAVE 2 on the bigger picture;
I am sure about this analysis; this is based on Elliott Wave Theory
ZEE ENTERTAINMENT ANALYSIS AS PER WAVE THEORY
5 Wave upward Impulse complete and correction is onn; we need to verify the waves in the lower degree;
We have a confirmation of completion of impulse after the verification of the 5th wave of the upward impulse. This makes a WAVE 1 of the Higher Degree; and then forms the Correction which is a downward Zigzag structure and hence it makes the WAVE 2 in the Higher Degree,
Now starts the MOST AWAITED WAVE 3;
Here we have a Leading Diagonal and whenever there is a Leading Diagonal formed there is an Extended Wave which follows; so we have Wave 1 and 2 complete and now we have a Wave 3 which will be an Extended Wave.
Wave 1 of Wave 3 is complete and now Wave 2 which will be a 3 Wave structure here Wave A and Wave B are complete
And here is our Opportunity!!!
MARUTI SUZUKI ANALYSIS AS PER WAVE THEORY
We have a 5 Wave Upward Impulse complete;
The 5th Wave which was an Upward Impulse is verified which confirms end of the Upward Impulse move; After completion of the Impulse we have a downward Flat structure which confirms completion of WAVE A of the Correction;
So we have Wave A complete and Wave B has Wave A = Upward Zigzag; Wave B = Dowanward Flat both complete and Wave B has closed below the start point of Wave A hence Wave C will be a Upward 5 Wave Impulse as per the rule of Flat.
So in the 5 Wave upward impulse forming in which Waves 1,2,3 and 4 are complete; Wave 2 was a complex structure and hence Wave 4 was a simple structure which is also complete we will get the confirmation after checking in the lower degree timeframe;
Wave 1 is complete we have a proper 5 Wave Upward Impulse complete which comprises Wave 1 of Wave 5 and now Wave 2 will form which is gonna be a correction;
#Nifty Longterm Bearish chart #ElliotwaveThe above chart shows that all of the rally in the last few months can be broken down in to W-X-Y ZigZag, which may have terminated at the recent high.
We are setting up for a massive fall thats going to be disturbing - heading to new lows under 7511. Any fall beyond that should be capped above 6340.
So there you are - a 250 point Stop loss and a possible return of 3800 points.
View invalid if Nifty goes above 11590
Well worth a shot.
#notlonganymore