ABC Correction till .618Those who can understand will understand . There is no alternate count . Regards
Wave Analysis
Prepare to BUY Spot BELUSDT (High-Risk, High-Reward Setup)🚀 Prepare to BUY Spot BELUSDT (High-Risk, High-Reward Setup)
🌟 BELUSDT presents a speculative opportunity for short-term gains – Proper risk management is key! 🌟
🌍 Market Overview:
Risk Level: ⚠️ Level 5-6 (High-risk asset, requires proper capital management).
Short-term trading strategy with a targeted exit plan to maximize returns while minimizing downside exposure.
📊 Trade Plan:
📌 Entry Point:
$0.7, or as low as possible for optimal positioning.
🎯 Target:
$1.7 - $2.5 – Aiming for potential x2 - x3 returns in this short-term cycle.
⏳ Hold Time:
2 months, capitalizing on the expected momentum shift.
🔥 BELUSDT is a high-risk, high-reward play – Manage risk wisely and seize the opportunity!
Gold EW updateGold completed correction and now is in 5th wave of Major trend.
Is expected to go to 2880 minimum. in last wave
Havells India to complete complex correctionHavells India to soon complete complex correction (W-X-Y). right now we are in the last part of the wave Y.
Possibilites:
1) Wave Y can be (A-B-C) correction in which case we are almost done and ready to move to impulsive structure
2) Wave Y can be (1-2-3-4-5) in which case we are in wave 4 and will take some more days to complete and then expect wave 5 to unfold in that case we will be dropping to 1454-1455.
What to do? Its just wait and watch situation before we see any conclusive move.
Disclaimer: I am not SEBI registered member and this idea is only for educational purposes. Please do your own analysis and decide to buy/sell at your own risk
Copper pattern negative sell on rise 822 1st Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Natural gas bounce possible then sell on rise avoid sel at cmpHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Cryde buy on dip until 6200 not break upside Target on chartHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Silver sell active below 31.45 1st Target 31.17 hit alsoHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold comex below 2785 downtrend will start, made high already How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Banknifty buy on dip until today low not break How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Nifty buy on dip until 23200 not break levels on chart How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold mcx fall after Budget as expected, tarrif is negative alsoHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
As expected silver fall after budget US tarrif is negative How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
PCR TradingThe Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
BTC EW Update 01-febIn reference to my earlier post,
As I mentioned in my analysis it Can be a Leading diagonal structure.
It has turn out almost the same. Under the rules of LD wave 4 is overlapping wave 1 and and wave 3 is not extended and wave 5 is more than 61.8% hence extended and move from wave 5 to downside as 3-3-3 WXY correction has broken the trendline as normally happens with the LD and now we are looking for completion of wave Y and than break out 38.2% of last fall and long for next upside. Invalidation point is break of low of 1.
Than this structure will turn out in Triple Zigzag.
HUL wait for Pull back and then EnterHUL has just completed the downward Impluse and complex correction (W-X-Y). Although today it showed the strength to move upward, however it looks like there is need for one pullback before the upward Journey.
Chart Speaks everything.
Disclaimer: I am not SEBI registered member, these Ideas meant to be only for Educational Purposes.
BankNifty -Target Done, ED Done, Fall Done,Bounce, What’s Next? WaveTalks Market Update - Budget Day Breakdown (Feb 1, 2025)
The much-anticipated Budget 2025 has failed to cheer the markets, triggering a sharp sell-off that aligns perfectly with a classic Ending Diagonal (ED) breakdown.
Technical Setup - ED Play in Action!
For those following the Elliott Wave roadmap, the Ending Diagonal (ED), also known as a Rising Wedge, unfolded in the last Wave 5 of a larger degree impulse that began from the lows of 47844 on January 27, 2025, culminating at the psychological resistance of 50000 today on the Budget day 1st Feb 2025.
This pattern typically marks trend exhaustion, leading to swift and often dramatic reversals. The market exceeded our prior target of 49650+ before peaking at 50000, and today, we are seeing exactly the expected reaction.
Last Bank Nifty Idea - Target 49650+
If you spotted this pattern and managed risk effectively, you are likely riding this sharp decline from the highs of 50000 & Booking Profits close to 48968 key level highlighted in the last idea
Magical Support - Intraday 49000
After a sharp 1000-point fall, the market found support at a key level of 48968, highlighted in the last idea. A strong 500-point bounce once again, pushing towards same target of 49650+.
Breakdown Details:
- Key support level : 48968
- Actual low: 48925 post completion of the Ending Diagonal
- Initial fall: 1000 points
- Current recovery: 500 points approx.
This reversal from key support confirms the significance of the Ending Diagonal breakdown, followed by profit booking and an intraday bounce. Watching the next wave structure will be crucial for further moves.
But here’s the big question:
How Much Fall?
That’s for your financial analyst to answer, but history suggests that ED (Ending Diagonal) or Rising Wedge breakdowns often erase a large portion of prior gains in a relatively short time. Today’s action is a reminder—markets don't forgive complacency.
You witnessed the dramatic 1000+ point fall from 50000 to 49000 (approx.) in a single day post the ED pattern & bounce - all cheers! to the pattern
Fundamental Backdrop - Budget Disappoints Street Expectations
While the government introduced personal income tax cuts aimed at boosting consumption, the markets responded with caution rather than optimism. Several factors weighed on investor sentiment:
- Profit booking after a four-session rally ahead of the budget
- Economic Survey 2024-25 highlighted concerns about a potential market correction, particularly impacting retail investors who may not have seen significant downturns before
This confluence of technical exhaustion and lukewarm fundamental sentiment led to today’s sell-off.
✅ Key Takeaways & Next Steps
- 50000 top confirmed as ED completion
- Sharp downside expected as structure breaks down
- Fundamental triggers amplify selling pressure
- Profit-taking and caution dominate post-budget moves
The reversal is here. The next critical question is: Which wave unfolds next? Will it extend into a deeper corrective structure, or is there a potential counter-trend bounce? Identifying the next logical buying or selling zone will depend on how the upcoming wave develops within the larger Elliott Wave framework.
Stay sharp, stay prepared, and catch me later in another exciting update from WaveTalks – Market Whispers! Can you hear them?🔥
Regards,
WaveTalks
Abhishek
USUALUSDT (bullish)Showing signs of trend reversal.
Expecting this Altcoin to fill the marked imbalance soon.
XAU#10: Gold hits record high. What should traders do? 💎 💎 💎 Plan #9 first helps you make a profit. Please like and follow the channel to follow the earliest trading plan 💎 💎 💎
🔥So OANDA:XAUUSD FOREXCOM:XAUUSD has broken the peak as predicted in analysis #9. Now let's plan the next step:🔥
1️⃣ **Fundamental analysis:**
📊US consumer price inflation accelerated late last year, supporting the Fed's decision to pause interest rate cuts
🔴 Trump announced that he would impose 25% tariffs on Canada and Mexico, "Trade war" begins again
🔴Trump threatened that tariffs will take effect on February 1! Affected by Trump's tariff policy, the market's risk-off sentiment has increased significantly, which may continue to support gold prices.
2️⃣ **Technical analysis:**
🔹 **Frame D**: The historical peak has officially been broken. The end of the weekend trading day is a Shooting Star candle. Is this a warning from the price line? Let's analyze more carefully in the trading plan.
🔹 **Frame H4**: The price is still trading above the support area. The bullish price structure is still intact
🔹 **H1 frame**: Looking at H1, we can see that although the price adjusted from 2816 to 2798 at the end of the trading session, the bullish price structure is still intact, the 2798 area is not a strong support area but there is still a reaction showing that the market sentiment is supporting the bulls
3️⃣ **Trading plan:**
⛔ Although the closing candle D is a candle that signals a reversal, what we need to pay attention to is that all frames are showing an upward structure. The closing price on the last day of the week at the end of the month, profit taking leading to a price decrease is normal. If there is really a sign of that, we will see a warning from the price model.
✅ Based on the basic information and price line, we can completely wait for the price to return to the support zone below to continue trading in accordance with the main trend. In my personal opinion and trading habits, I extremely limit trading against the trend, so I do not plan for a SELL position at this time
💪🚀 **Wish you successful trading!**
📌 If you have any questions, please contact me directly. I am ready to answer them for free
Budget day decoding 1 february 2025We are at very important supply area. Be careful if the budget comes best as per expectation another 700-1000 points upside range is there but our plan is short because of risk reward is perfect here to short with small stop loss. Last 2 days also we saw that after a certain upmove there is a huge fall which trapped buyers. Yesterday was proper short covering move by big players.
I don't really like trading events because of huge volume formation market works totally opposite. But as of now our plan is short side.
1st feb upl for intradayhello everyone,
today is budget, my pick is upl
upl has shown a trendline breakout
along with that there is good result as well
it is sticking above 600
so buy in zone 607-611
sl at 596
target will be 622-624-628-632++
XAGUSD all set to Outperform US30, Short Term Buy Signal!#XAGUSD #US30
Attached: Daily Ratio Chart as of 31st Jan 2025
BULLISH SETUP
- Breakout from Triangle to start an Impulse Rally for the Ratio meaning Money to shift from US Markets to Precious Metals
- This is Positive for the Price of XAGUSD and Negative for the Price of Dow Jones (or US30)
natural gas for intra 31st zonehello everyone,
a small bounce is expected in intraday
levels i have explained in the video
overall chart is bearish , and season cycle too is bearish
but bounces will come, and we can trade that
