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Wave Analysis

BTCUSD: Key Levels and Projections Based on Elliott WavesBTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,57 7 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively. Currently, BTCUSD is encountering strong resistance at the upper boundary of the corrective channel, posing a significant challenge for bullish momentum. Although wave (3) has managed to rise above wave (1), it has not yet confirmed a strong bullish breakout. To establish a decisive upward move, wave (3) needs to hold above wave B and breach the upper boundary of the channel. The breakout can help the price to get 100% of the whole correction. Failure to break out of this resistance zone could result in the corrective structure extending into an X-Z formation, leading to a prolonged consolidation phase. This would suggest more time is needed for the pattern to play out, causing frustration for traders looking for a clear bullish trend. We will provide further updates to our followers soon. - Trade technique by KP
BITSTAMP:BTCUSD
by Trade-Technique
2
NIFTY... 26000 TARGET IN 2024!Guys... I am sharing my analysis of Nifty over a longer time frame. The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle. This primary cycle runs in smaller intermediate waves. Wave 1 started on April 2023; Wave 3 from November 2023; Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May 2024. So, as per this analysis, we can see a red candle in April month - the wave 4 correction, which is likely to end around 21400 - 21500 levels. Wave 5, which is likely to begin in May, is likely to last till December 2024, taking nifty to 26000 levels (approximately 26400). In this, wave 3 is 1.23 times wave 1, and wave 5 is 1.618 times wave 1. Hopefully we get to witness a 20 - 25% rally in Nifty this year :) This is only my analysis & remember the market is always RIGHT!
NSE:NIFTYLong
by Stock-Holmes
Interglobe Aviation -Way forwardInterglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another 1-2 year before TATA led Airlines gives a competition to the status quo . Chart analysis shown, Indigo is in 3rd Impulse wave and will take this script to a price point of 5550 before the FY24Q1 results . The traders can play the script for immediate target of 4754 (10% upside), while short term target of Rs 5120 is very possible in a months’ time. While the investor should buy at current price with a stop loss of 3975 for a target of 5550. If, the target of Rs 5550 is not met before the August first week, profit booking is advisable to all my followers and investors who are long in this script, as promotor ( Gangwal trust) may again look for reducing their stake in the airlines. ✅If you resonate with the Idea presented, pls Share, Like & boost ideas and follow to never miss a new idea! ✅
NSE:INDIGOLong
by DrPrashantVerma
8
MapmyIndia for 200%+ gainsDate: 28 Sept’24 Stock: MapmyIndia (CE Infosystems) Timeframe: Daily chart MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while sales and operating profits during this period have almost doubled. Possible in next 1 year? We shall however review it in due course of time. This is not a trade recommendation. Please do your own analysis. I am not SEBI registered analyst.
NSE:MAPMYINDIALong
by DhandhaPaani
1
Titagarh- AccumulateTitagarh Rail System: CMP 1400.15; RSI: 42.98 Wave analysis suggest that complete wave cycle is near completion(wave c near completion). Script has taken support at 100 day EMA & near oversold zone ( RSI near to 30) Titagarh current price is very lucrative, It can be accumulated for a swing trade ( 10% upside) and for a short term view. . Swing Trade Targets : 1500 -1522 Time Frame: 2 Weeks Accumulation Zone: 1320-1400; Stop Loss: 1255 ✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅
NSE:TITAGARH
by DrPrashantVerma
Technical Analysis of LME INDEX Based on Elliott WavesTechnical Analysis of LME INDEX Based on Elliott Waves The information provided in this response is based on the analysis of the Elliott Wave chart and does not constitute financial advice. The author is not responsible for any investment gains or losses incurred by individuals who rely on this information. Elliott Wave Theory is a technical analysis method that identifies recurring patterns in financial markets. These patterns, known as Elliott Waves, are based on the idea that human psychology and behavior drive market movements. Key Elliott Wave Principles: Five-Wave Impulse: A five-wave pattern that represents an uptrend or downtrend. Three-Wave Correction: A three-wave pattern that represents a pause or reversal in the trend. Fibonacci Relationships: Numerical relationships between different waves, often expressed as ratios (e.g., 0.618, 1.618). Analysis of the LME INDEX Chart: Based on the provided Elliott Wave chart, it appears that the LME INDEX is currently in the early stages of an impulse wave structure. This suggests a strong uptrend is underway. Specific Observations: Wave 1: The initial upwave has likely been completed. Wave 2: A corrective pullback also looking done. Wave 3: The next wave is expected to be a powerful extension of the uptrend. Impact on Commodities and Indian Metal Stocks: The LME INDEX is a crucial benchmark for the metals market. Its price movements can significantly impact the prices of individual metals and related commodities. Indian metal stocks, such as Vedanta, NALCO, and Hindustan Zinc, are directly influenced by the LME INDEX. Educational Purpose: It's important to emphasize that this analysis is for educational purposes only and should not be considered as trading advice. The financial markets are volatile, and past performance does not guarantee future results. Investors should conduct their own research and consult with financial advisors before making any investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
LME:LMEXLong
by RK_Chaarts
PNB - The End could be a New Beginning.Punjab National Bank is in a bullish structure from June 2022 & now have completed wave 4 which has meet with reverse parallel channel drawn from connecting wave 1 high with wave 3 high (usually the best point for wave 4 to end) & this low of wave 4 is exactly 0.382% retracement of Wave 3 so now we looks all set for wave 5 impulse to begin a close above 112 will be 1st confirmation & breaking above this red channel around 120 will be bigger confirmation which could take us to 230 which is (Wave 1 is equal to Wave 5 measurement) & channel top. Everyone in market is trying to find top in Index whereas stocks are just getting started so the market can stay irrational longer than you can stay solvent.
NSE:PNBLong
by churiwalvikram
Nifty Bank 1 hrs Tim Frame EWT Analysis Bank nifty 1 hrs time frame EWT Analysis We have a motive wave 46014 to 53308 subdivided by ((i)) ((ii)) ((iii)) ((iv)) ((v)) minute degree becomes 1 minor degree. After completion of motive wave we have corrected previous leg up to 50% (49651) becomes 2 minor degree, the price trade in regressions channel can be said as corrective waves because price information follows corrective waves' rules and guidelines, so we can denote them as ((w)) ((x)) ((y)). After corrective waves, traders or investors can anticipate impulse wave which is now incomplete (v) but soon be completed. After completion it would become a motive wave as leading diagonal (i), later on we would correct the leading diagonal up to 50% to 61.8% (ii). Buyers should find a suitable support area to buy to join the next impulse(iii).
NSE:BANKNIFTY
by meenaanita613
EUR/AUD (DOUBLE TOP M PATTERN ON DAILY TF) FOREX!!A double top is a bearish reversal pattern in technical analysis, indicating a potential trend change from bullish to bearish. Here’s a breakdown of the pattern: Formation: It forms after an uptrend when the price reaches a high point (the first peak), then declines to a support level (the trough), and rises again to a similar high point (the second peak) before falling again. Confirmation: The pattern is confirmed when the price falls below the support level (the neckline) formed by the trough between the two peaks. Appearance: It resembles the letter “M” on a chart, with two peaks of similar height separated by a trough. Key Characteristics: Bearish Signal: Indicates a potential reversal from an uptrend to a downtrend. Volume: Often, the volume is higher on the first peak and lower on the second peak, signaling weakening momentum. Neckline: The support level between the two peaks, which, when broken, confirms the pattern.
Short
by Faizgazi
Any idea where it is headed?KO (coca-cola) looks in wave 5 of its primary degree. We have concluded wave 4 near $ 21 in Apr 2009. Now the wave 5th is in progression, lets see whether it follow the sequence. The information provided in this analysis is for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell any securities. Past performance is not indicative of future results. Investing involves risk, and there is no guarantee that any investment strategy will be successful. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions.
NYSE:KO
by imkhushal