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Sail Bullish (17-01-2022)sail chart 1 hour time stock correction show triangle correction (A,B,C,D,E). wave A = (A,B,C) wave b =(A,B,C) wave c =(A,B,C) wave d =(A,B,C) wave e = (A,B,C) Triangles are a correction five-wave pattern (marked as A-B-C-D-E), which is divided into five types. This pattern is formed in a position prior to the final wave in an impulse or a correction. For example, a triangle could be formed in a wave four in an impulse or wave B in a zigzag. Also, this pattern occurs in final wave X in a double/triple zigzag or three patterns. Wave two of an impulse can’t be a triangle. Waves A, B and C are usually zigzags, double zigzags, triple zigzags (that’s rare), double and triple threes. Waves D and E could be triangles themselves. Triangle’s classification On the next picture, you can find all types of triangles (Horizontal, Barrier, Expanding, Running and Skewed). Let’s examine them one by one. All types of triangles Elliott Wave analysis
NSE:SAILLong
by HARISHRAO99
YZ Bollinge//@version=4 study("YZ Bollinger", overlay=true) length10 = input(title="Bollinger Length", type=input.integer, defval=34, minval=1) multiplier = input(title="Bollinger Deviation", type=input.float, defval=2, minval=1) overbought = input(title="Overbought", type=input.integer, defval=1, minval=1) oversold = input(title="Oversold", type=input.integer, defval=0, minval=1) custom_timeframe = input(title="Use another Timeframe?", type=input.bool, defval=false) highTimeFrame = input(title="Select The Timeframe", type=input.resolution, defval="60") res1 = custom_timeframe ? highTimeFrame : timeframe.period smabasis = sma(close, length10) stdev = stdev(close, length10) cierre = security(syminfo.tickerid, res1, close, false) alta = security(syminfo.tickerid, res1, high, false) baja = security(syminfo.tickerid, res1, low, false) basis1 = security(syminfo.tickerid, res1, smabasis, false) stdevb = security(syminfo.tickerid, res1, stdev, false) dev5 = multiplier * stdevb // stdev(cierre, length) upper = basis1 + dev5 lower5 = basis1 - dev5 bbr = (cierre - lower5) / (upper - lower5) // plot(bbr) // // MARCA LAS RESISTENCIAS pintarojo = 0.0 pintarojo := nz(pintarojo ) pintarojo := bbr > overbought and bbr < overbought ? alta : nz(pintarojo ) p = plot(pintarojo, color=color.red, style=plot.style_circles, linewidth=2) // // MARCA LOS SOPORTES pintaverde = 0.0 pintaverde := nz(pintaverde ) pintaverde := bbr < oversold and bbr > oversold ? baja : nz(pintaverde ) g = plot(pintaverde, color=color.black, style=plot.style_circles, linewidth=2) // // Pivot = input(false, title="Show Pivot High/Lows") LP = input(defval = 4, title = "Left bars for Pivot") RP = input(defval = 3, title = "Right bars for Pivot") PH1 = pivothigh(LP,RP) PH = valuewhen(PH1,PH1,0) plotshape(Pivot and barstate.ishistory?PH1:na,style=shape.circle, color=#FF4500, text = "PH", textcolor=color.orange,location=location.abovebar, offset=-3, transp = 0, title="Pivot High") plot(Pivot?PH:na,style=plot.style_circles, linewidth=2,color=security(syminfo.tickerid,timeframe.period,high,barmerge.lookahead_off)<=PH?#FF4500:na,title="Pivot High") PL1 = pivotlow(LP,RP) PL = valuewhen(PL1,PL1,0) plotshape(Pivot and barstate.ishistory?PL1:na,style=shape.circle, color=#6B8E23, text = "PL", textcolor=color.orange,location=location.belowbar, offset=-3, transp = 0,title="Pivot High") plot(Pivot?PL:na,style=plot.style_circles, linewidth=2, color=security(syminfo.tickerid,timeframe.period,low,barmerge.lookahead_off)>=PL?#6B8E23:na,title="Pivot High") // inputs Depth = input(12, title="Depth") // Depth Deviation = input(5, title="Deviation") // Deviation // ZigZag lastlow = 0.0, lasthigh = 0.0 lastlow := nz(lastlow ) lasthigh := nz(lasthigh ) data(x) => d = security(syminfo.tickerid, timeframe.period, x, gaps = barmerge.gaps_off, lookahead = barmerge.lookahead_on) d getLow(x, y, z, a) => lastlow = y v = data(x) m = v==lastlow or data(z) - v > a*syminfo.mintick if v!=lastlow lastlow := v if m v := 0.0 getHigh(x, y, z, a) => lasthigh = y v = data(x) m = v==lasthigh or v - data(z) > a*syminfo.mintick if v!=lasthigh lasthigh := v if m v := 0.0 = getLow(lowest(Depth), lastlow, low, Deviation) lastlow := e zBB = v != 0.0 = getHigh(highest(Depth), lasthigh, high, Deviation) lasthigh := e1 zSS = v1 != 0.0 zigzagDirection = -1 zigzagHigh = 0 zigzagLow = 0 zigzagDirection := zBB ? 0 : zSS ? 1 : nz(zigzagDirection , -1) virtualLow = zigzagLow + 1 if not zBB or (zBB and zigzagDirection == zigzagDirection and low > low ) zigzagLow := nz(zigzagLow ) + 1 virtualHigh = zigzagHigh + 1 if not zSS or (zSS and zigzagDirection == zigzagDirection and high < high ) zigzagHigh := nz(zigzagHigh ) + 1 a=bar_index-zigzagLow b=bar_index-zigzagHigh var color c = na, c := fixnan(a < b ? color.lime : a > b ? color.red : na) line zigzag = line.new(bar_index-zigzagLow, low , bar_index-zigzagHigh, high , color=c, style=line.style_solid, width=2) if (zigzagDirection == zigzagDirection ) line.delete(zigzag ) zzPrevHigh = zigzagHigh zzPrevLow = zigzagLow if not na(zzPrevHigh ) zzPrevHigh := zzPrevHigh + 1 if not na(zzPrevLow ) zzPrevLow := zzPrevLow + 1 if zigzagDirection != zigzagDirection if zigzagDirection == 1 zzPrevHigh := zigzagHigh + 1 if zigzagDirection == 0 zzPrevLow := zigzagLow + 1 // f_draw_infopanel(_x, _y, _line, _text, _color)=> _rep_text = "" for _l = 0 to _line _rep_text := _rep_text + "\n" _rep_text := _rep_text + _text var label _la = na label.delete(_la) _la := label.new( x=_x, y=_y, text=_rep_text, xloc=xloc.bar_time, yloc=yloc.price, color=color.black, style=label.style_labelup, textcolor=_color, size=size.large) posx = timenow + round(change(time)*10) posy = highest(30) f_draw_infopanel(posx, posy, 0, "Zigzag", a < b ? color.lime : color.red) // // zz= crossover(pintaverde,pintaverde ) or crossunder(pintaverde,pintaverde ) kp= crossover(pintarojo,pintarojo ) or crossunder(pintarojo,pintarojo ) plotshape(zz,title="Low", color=color.red, style=shape.arrowup,location=location.belowbar,size=size.normal, text="Low",offset=0) plotshape(kp ,title="High", color=color.green, style=shape.arrowdown,size=size.normal, text="High",offset=0)
TVC:DJI
by fondPlayer58078
AUDJPY: Ending Diagonal Pattern; A Reversal on the Horizon.The advance from Mar 24, 2023 low of 86.06 subdivides into five waves. Notice that this price action contains overlapping waves that contract and form a wedge shape. That is the emblem of an ending diagonal which cues a swift and dramatic reversal on the horizon. According to Elliott Wave guideline, the expected reversal is projected to reach at least the point where the diagonal initiation occurred, and potentially extend beyond. In this instance, the relevant level is identified by the conclusion of wave ((b)) at 86.06. A salient attribute of ending diagonal is that all initial subwaves form either a single or multiple zigzag patterns. Waves (i), (iii), (iv) and (v) appear to be single zigzags, while wave (ii) is a double zigzag. Wave (v) often makes a throw-over (a brief break beyond the trendline connecting waves (i) and (iii) ). A throw-over suggests a diagonal has finished. Once price action pushes below the trendline connecting waves (ii) and (iv), we would have compelling proof that the diagonal has ended. The next event should be a swift move to at least 86.06 and probably beyond. The wave count is not the sole basis for considering a short position. Beyond what is illustrated, there has been a divergence in prices and MACD since June 16, 2023, suggesting a diminishing upward momentum and indicating a weakening uptrend. Despite new highs in prices on November 16, 2023 and February 21, 2024, MACD did not follow suit. This bearish divergence frequently foreshadows a potential downturn in prices. (Insert MACD on your chart and draw a trendline connecting the highs) Trading Plan Entry: Sell above wave (iii) high. Protective Stop: 100.95; the price level at which wave (v) would be longer than wave (iii), which would render our diagonal scenario invalid. As a rule, within a contracting ending diagonal, wave three is always shorter than wave one, and wave five is always shorter than wave three. Target: 86.06 and below Risk-Reward: 1:5
Short
by Aquanet_Market_Forecast
Nifty Elliott wave UpdateCurrently Nifty trading pattern is like expanding triangle. Nifty wave (c) -(yellow) is continuing in zigzag pattern and currently price is in second phase of zigzag. There are maximum 3 phase in wave theory. Current price is in wave "c" of (c). Wave "c" should be equal in length of wave "a". So Price near 10320 will be Important to watch either price reverse for bigger degree down trend or take minor correction for 3rd phase of zigzag. Any break below 9900 will indicate that wave (c) is going to finish with second phase of zigzag and next bigger degree downtrend has been started towards 9400. At the level of 9400 then will be important for new formation of 7 leg diametric pattern or price fall sharply below 9400 to Complete larger wave
NSE:NIFTYLong
by Rajesh_KumarSingh
Wondering where the Dollar is headed next? He're is a hint. Analysis A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023. In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by guideline of Alternation. Both waves (iii) and (v) are extensions. The impulsive decline holds well within the parallel trend channel as is often expected. A five wave move is always followed by a three wave corrective pullback or variation thereof, irregardless of degree; in this case, a rally wave ((ii)). To where? The Elliott wave guideline on the depth of corrective waves suggests that price action should ideally end within the span of travel of the previous fourth wave of one lesser degree. Second, the ensuing correction, wave (ii) is unfolding as a sharp Double Zigzag correction labelled (w)-(x)-(y) with waves (w) and (x) completed, wave (y) in progress. In ratio relationships, sharp corrections tend more frequently to retrace 61.8% of the previous wave particularly when they occur as wave (ii) of an Impulse or wave (b) in a larger Zigzag. Also, the actionary waves in a Double Zigzag correction namely waves (w) and (y) are often related by equality or Fibonacci (0.618) in time or amplitude. wave (y) = 0.618 X (w) at 104.87; this level falls neatly within the previous guidelines. Thus, the cluster of evidence suggest the rally is nearing its end and a reversal is onset; a third wave. Trade Plan 1) Conservative Approach Entry: Short at 104.879; the 0.618 retracement. Protective Stop: 107.34; in an Impulse wave (ii) CAN NEVER retrace more than 100% of wave (i). Target: 10.87 decline; in an impulse the third wave commonly travels 1.618 times the loss of the first, as in: wave ((i)) = -6.72 (100.62-107.34), wave ((iii))= 1.618 X (-6.72) equals (-10.87) Risk-Reward: 1:3 2) Aggressive Approach Requires price action to break below a recent swing low; wave b of a Zigzag, that will virtually suggest the rally has ended and a reversal was underway. Entry: Break below 103.89 Protective Stop: Recent swing high Targets: Below 100.62 Risk-Reward: Greater than 1:3 NOTE: Stay tuned to get follow-up adjustments to stops as we monitor the move through completion.
TVC:DXYShort
by Aquanet_Market_Forecast
3
#banknifty analysis for the short term#banknifty analysis for the short term:- Expanding Rising Wedge:- A triangle is a sideways corrective wave with sub-waves labeled A-B-C-D-E. In most cases, all the sub-waves of a triangle are zigzags or multiple zigzagsTherefore, we call the triangle a 3-3-3-3-3 structure. Looking at the structure, we expect selling pressure from the upside, which will drag the market below the recent low. Always trade what you see, not what you feel. Best Regards, SG
NSE:BANKNIFTY
by subhagghosh
2
EURUSD: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
Long
by TradingSutra
HINDALCO: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Trading strategy: One should go short on current levels keeping SL of 510 & look for the target area of 440/420/400
NSE:HINDALCOShort
by TradingSutra
M&M FINANCE: Bullish (Ending Diagonal)This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Trading Strategy: Buy on cmp , add on dips , keep SL of 150 & look for the target of 173/180 zone
NSE:M&MFINLong
by TradingSutra
7
GODREJCP : Ending Diagonal This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Properties of ending diagonal : Wedge shaped structure (in case of contracting diagonal). The subwaves of all the five waves should be in three wave structure. Wave 3 should be shorter than wave 1 | Wave 5 should be shorter than wave 3 | Wave 4 should be shorter than wave 2 Trading Strategy : Sell near 1000-1005. keep stop loss of 1025 and look for the target of 940/900/875
NSE:GODREJCPShort
by TradingSutra
TITAN : CASE OF ENDING DIAGONALThis is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Here in the stock of TITAN, this ending diagonal is placed as a wave-C of a corrective move. As you can see in the chart, this pattern looks like an ending diagonal having wave-1 wave-2 wave-3 wave-4 & wave-5 . Each of these five waves are having an internal structure of three waves. So as per the wave analysis we can say the stock price of TITAN are going to fall . It has been seen that the target level of ending diagonal wave is the origin of the diagonal or the wave 2. So one should see a selling opportunity in this stock & look for the target zone as mentioned in the chart.
NSE:TITANShort
by TradingSutra
MGL Chart Analysis MGL Chart Analysis: - Monthly Chart reveals like Stock has been stuck within a Contracting Triangle of ABCDE Structure since listing - Weekly Chart Seems like unfolding ABC Zigzag (green ABC) 5-3-5 - Wave B can complete around 1186 to 1250 - Major Wave B(green) seems like in a triple Zigzag and wave Z can end around 1186 to 1252 - These double/triple Zigzags often can look like an impulse - Major Wave C can be an impulse on the downside and will review the stocks around 1230 to 1250 Current trading strategy can be on the long side from Spot around 1095 with SL of 1040 for targets of 1186/1211/1252 and Trade type depends on strategy one wants to deploy as per risk management(Cash/FNO hedges etc). Reviews/Feedback/Corrections are welcome.
NSE:MGLLong
by Raghunandan5d
1
CRUDE OIL: Bearish for short termLEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. Either a larger correction of higher degree or a smaller correction as a ZIG-ZAG corrective wave , whatever the condition crude is going to fall if rejected from the current levels. TRADING STRATEGY: AGGRESSIVE PLAYERS: One should go short in the region of 93.5 $ to 94 $ keeping SL of 96$ and look for the target of 88$ and 85-84$ zone . SAFE PLAYERS: wait for the closing below 92$ & then go short for the target of 88$ and 85-84$ zone .
TVC:USOILShort
by TradingSutra
2
SHIBUSDT | The best scenario for falling 📝Hello traders, SHIBUSDT in daily timeframe , Based on the wave count we had: Waves 1 and 2 are completed. We are now at the beginning of wave 3, consisting of wave 3, microwave 1, and the structure of wave 2 is being formed. Wave 2 is usually zigzag and has a steep slope. The current trend is also zigzagged, and from this pattern wave a is completed and wave b is probably completed. From this zigzag , only wave c is incomplete and we assume that wave c forms its first wave and completes the rest of the waves up to around 0.002145. If the red circle and the upper side of the channel are broken, the structure will change and there is no hope for this decline at the moment. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
Bank nifty in trouble?chart displays wave sequences of bank nifty from oct26 23 five wave upmove completes dec28 23. there after bank nifty corrected in zigzag formation ABC which was finished on jan25 24. so whole of elliot wave cycle was completed there with the completion of eight waves. It retraced 61.8 percent of preceeding motive wave.It could have been wave 2.It retraced just to the top of wave 1 of preceeding motive wave.But thereafter bank nifty pulled back in three waves forming wave B bracketted.Now Bracketted c wave is pending. If bracketted C wave too take the shape of zigzag then bank nifty should be drifted lower as it has probability to proceed lower where bracketted C becomes equal to bracketted A. But C wave can take the shape of ending diogonal too. The way bank nifty is rising 700 points one day and falling 700 points another day it signals some short of wave forming rather than zigzag. tomorrow it will be clear. Extended corrective wave ends in 3+4=7,7+4=11 and so on. Like this post if it helps you. follow me to get updates.
NSE:BANKNIFTY
by bijoy2526
Case2: Etheruem pull back wave x and moving upward triple x nonIn this case previous low we assume that wave 2 of the supercycle is already finished so we are in wave super 3x or wave c - and this motive wave in the timeframe month might be a triple combination or triple zigzag. Rule Because the former wave is elongated zigzag that means wave x must retrace at At least 61.8% of wave c (847.30) It can retrace deeper but it must not retrace more than 61.8% of the previous cycle elongated zigzag (726.07) Conclusion It might retrace in the (847.30-727.07) zone to form wave x and keep continue moving upward Warning Ethereum is a very fluctuated coin so make research on your own, you may look at my first case which is the downward situation. I strongly believe that everything is possible to manage your capital carefully. Vitalik Buterin's fan Thanat Vichachai
KRAKEN:ETHUSDLong
by ThanatVichachai
2
CoalIndia forming a FiveThree and looks like we are in wave C Coal India is forming a Five Threes ABCDE and looks like we are in the C leg. And Wave C is an abc' zigzag, currently in the wave iv the of the internal wave c of the said abc' zigzag. wave iv is almost completing in an expanding flat. If this turned out to be true ( if true :D ) Wave v can bring down the stock to 214. The next Fibonacci level. Actually in zigzag A= C is expected, but it can be in the range 61.8% to 100%. This is a hypothetical view and there can be many other variations, please bear with me for my studies.
NSE:COALINDIAShort
by padiyara
3
NIFTY ANALYSIS AS PER THE WAVE THEORY This is the 12 Months chart we see 5 Wave Upward Impulse is complete; We have gone in the Lower degree further into the Monthly chart; The Lower Degree for the Monthly charts is The Daily chart hence we are verifying the Wave A (Monthly) in The Daily chart; Here we see Wave A of Monthly chart is a Flat structure ( For reference please find out what is a Flat Structure as per Elliott Wave Theory) Now Wave B (Monthly) Generally Wave B, Wave 2 or 4 are complex wave where there are more than one correction structures formed; This is a Type 2 Zigzag where Wave A or C atleast one of them has to be a Proper Simple Impulse (Where Wave 4 doesn't overlap Wave 1 area) Here the Wave 4 was a Complex Correction which confused me the last time for a start of a Downtrend; but Leading DIagonals are also formed in Zigzags; So we have the Wave 5 which is a 5 Wave Impulse Upward which will complete the Correction forming in Wave B; So this is the Logical reasoning verified and explained Wave by Wave. So we have two Conclusions here: 1). For Now this is a Long till Wave 5 is complete; 2). With the Completion of the 5th Wave the Wave B of the Monthly chart completes; So we have a Flat structure formed in the Monthly chart which is 3 Waves for Wave A ( refer to Wave A of Monthly verified in The Daily ). This 5th Wave confirms the Completion of the Wave B which is again a 3 Wave structure; According to the rules of the Flat structure when Wave A and B are 3 Waves each and Wave B has retraced Wave A by more than 80% So now there are two possibilities after the completion of this correction there can be an X Wave downward and one more correction; There can be a downward 5 Wave Impulse giving us the biggest fall till date; Will post when I have a confirmation ; FOR NOW I appreciate responses; both good and bad; Happy Trading PPL :)
NSE:NIFTYLong
by Kruti0210
3
#banknifty ending diagonal 5th Wave a possibility.An ending diagonal serves as the top stone of an impulse (wave 5) or a zigzag (wave C), so let's find out more about an ending diagonal pattern. The main rules for an ending diagonal This pattern subdivides into five waves. Wave 2 never ends beyond the starting point of Wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a triangle or a triple three structure. Waves 1, 3, and 5 form like zigzags. Regards, SG
NSE:BANKNIFTY
by subhagghosh