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Wave Analysis

Nifty SpotIsn't it amazing how the markets make their moves and how 99.99% don't know what the hell is happening???? Never mind that.... you'll get the hang of it when you figure it all out by yourself. I have given you all the 78.6% retracement and the 100% retracement . These both will act as STRONG SUPPORTS going forward. Watch especially the 78.6% retracement. In my opinion... This will hold and we will get a 1000 points upmove .This is where I think ( I stand to be corrected) 99.99% SUCKERS will get sucked IN. They will take this upmove so close to the previous ATH.... that Most will buy at the highs and then wait in anticipation.
NSE:NIFTY
by deepgups
EUR/USD 3H TF Analysis: Path to Potential Upside ? After encountering resistance at a higher time frame, the price experienced a downward movement. Following the initial downward movement, the price began to consolidate within a zone, forming a triangle pattern that aims to create liquidity both above and below this range. This setup may suggest a potential upward move in the future. NOTE: We can be 100% wrong. This is not a buy/sell recommendation; it's for educational purposes only!
by Saurav3697
NIFTY50: INSTITUTIONAL LEVELS FOR 18/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
ESCORTS - Possibly Wolfe Wave Pattern formationCMP: 3400 TF: 75 Minutes Script is making an ending pattern to complete the 4th wave. I hope it will bottom out around 3250-300 levels. Possible pathway is explained here in this chart. Trendline support is also around the levels mentioned above Larger TF wave counts is attached below.. Approach: Better to wait for the price to go below the lower trendline and come back in to the structure again to take the trade. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:ESCORTS
by Murthy_Santhosh
BANKNIFTY: INSTITUTIONAL LEVELS FOR 18/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
6
#Nifty directions and levels for December 18th.Good morning, friends! 🌞 Here are the market directions and levels for December 18th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones), while our local market is also exhibiting similar bearish signs. In the previous session, both Nifty and Bank Nifty experienced solid corrections. So, what can we expect today? It’s important to remember that we are in a range-bound market and currently near its bottom. This makes predicting the next move challenging. However, based on the structure, I have observed some key points: Even though the market fell yesterday, a minor diagonal structure formed at the end of the swing. If the market finds support around the immediate support level during the initial session, we can anticipate a 23% to 38% bounce back. However, the pullback can continue only if the market breaks the 38% retracement level. If it does, the next pullback targets could be at the 50% and 78% levels. Conversely, if it doesn’t break the 38% level, the market could consolidate before continuing its correction. This forms the basic structure. Let’s explain this further using the chart. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: Today, the market may start negatively, based on the Gift Nifty sentiment. If this happens, we can expect a minimum correction down to MDZ. After this correction, if there is a rejection, a 23% to 38% bounce back could follow. However, it is crucial to note that unless the market breaks the 38% retracement level, we cannot expect a further pullback continuation. This means the market’s bias will remain bearish until the 38% level is breached. Alternate View: The alternate view suggests that if the correction develops into a solid structure, it could continue further with some consolidation. In this case, we can use the EMA20 as a marker for potential reversals. This means the solid correction will likely persist until the market breaks above the EMA20 level. However, it is important to note that the EMA20 is reliable only during solid movements. If the market undergoes prolonged consolidation, the EMA20 could generate false signals.
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for December 18th.Current View: Today, the market may start negatively, based on the Gift Nifty sentiment. If this happens, we can expect a minimum correction down to 78% retracement level. After this correction, if there is a rejection, a 23% to 38% bounce back could follow. However, it is crucial to note that unless the market breaks the 38% retracement level, we cannot expect a further pullback continuation. This means the market’s bias will remain bearish until the 38% level is breached. Alternate View: The alternate view suggests that if the correction develops into a solid structure, it could continue further with some consolidation. In this case, we can use the EMA20 as a marker for potential reversals. This means the solid correction will likely persist until the market breaks above the EMA20 level. However, it is important to note that the EMA20 is reliable only during solid movements. If the market undergoes prolonged consolidation, the EMA20 could generate false signals.
NSE:BANKNIFTY
by Manickamtraders
Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead?Bitcoin Elliott Wave Breakdown: Sharp Drop Ahead? Elliott Wave Insights: #Bitcoin may be forming an Expanding Diagonal (ED) in Wave 3, signaling potential retracement. Wave 2's shallow nature raises caution for long positions. Scalp Short Setup: ⚫️ Entry: $106k–$108k ⚫️ Targets: ◾️ 0.382 FIB: $90,048 ◾️ 0.5 FIB: $85,063 ⚫️ Stop-Loss: 4H close above recent ATH. ⚠️ Risk Management: Use tight stops; avoid high leverage. Bullish momentum persists. Plan: Waiting for clearer corrections to enter long. Always DYOR. CRYPTOCAP:BTC
Short
by CryptoPatel
2