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Elliotical Approach to US30 Short.Hello Traders! 1. The US30 market is on the verge of completing its 2nd wave of Wave C of the complex correction as originally published in a prior idea (link attached). 2. We see an ending diagonal forming in the 1hr tf at the moment. 3. Also, wave 4 often divides an impulse into harmonic ratios. There can be that possibility with the division of 61.8% and 38.2% (total 100%). We take this possibility into picture because we also have the retracement level of 78.6% of wave 1 at almost the same level. 4. What is an invalidation level ? It is the level at which are analysis will have been wronged. So, in this case, if US30 market goes above 34950, our analysis will be wronged and we will have to look for a new picture. That's how accurate Elliot Wave Theory is! 5. Clearer targets will be available when we have a clear impulse down. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:US30USDShort
by UnknownUnicorn27677748
#Axisbank short below 930, F&O traders can get 2.75% gainsAxisbank has made inverted hammer candle on weekly Time frame which is a bearish sign for me. Now I will be planning to initiate shorts trades in 2 ways 1) Once price goes below 930, will go short targets will be a) 922 b) 908 c) 900 Sl would be 944 2) Price retraces to 949/960, shows signs of weakness and then I will initiate short. This will be the best case scenario with low risk and high reward setup. In this case my targets will be a) 930 b) 915 c) 908 d) 900 SL would be around 968. Let's be a disciplined trader and respect risk.
NSE:AXISBANKShort
by ssudhirsharma11
1
My Elliotical Approach to XAUUSD Short. Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most 3rd waves tend to go till 161% of wave 1. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDShort
by UnknownUnicorn27677748
TVS MotorTVS motors leading automobile company as we are seeing some demand in 2wheelers electric model here TVS motors making a Tripple top i.e Head and Shoulder pattern and stock was previously forming the pole and flag treated as channel formation the stock breaks downward and move towards the selling side now in 1day time frame it can go for further sell-side below the closing of 985. What is a Triple Top pattern? Triple top is a bearish pattern A triple top or triple peak is a bearish chart pattern. It is very dependable in stock chart patterns used in technical analysis. It is straightforwadefined by three clear peaks formingat form about the same level in the market. This pattern is a specific form of the head and shoulders pattern. Just that the three peaks top around the same price levels the same way the double top does. The first peak in this chart pattern is made when the prices fall back after a trending period in the market. Prices rise again to the same level as the first peak but buyers will not get sufficient momentum to drive prices up through the resistance. The third peak forms in the same way. There’s a chance that prices can fall short or go beyond the previous highs, as long as they all top at the same price levels. No matter what happens, every peak has to be on a decreasing volume.
NSE:TVSMOTORShort
by SUTHARTRADE