This is another type of wave formation. A regular flat wave had been formed. There are alternative waves I have posted it before. We need to wait and watch the wave pattern that is going to form. Only then we can decide the point of our entry. I have attached the previous chart below. Kindly look into it for clarification
Currently it seems to be in 3rd wave. We have to wait and watch the wave formation. Further details explained in the above chart.
If one more los is possible then this is a valid pattern else we skip this and move on to next bullish chart. If consolidation continues furthermore then it may lead to triangle formation. If the previous high was broken then the Triangle get fail and it may complete flat pattern and one more low pending.
In Wave Thoery Market Driving in Channel Generally After 3rd Wave Market Start Up Trade. See in Today market open Gap up the Reason we take Buying Trade. I am Student. I follow Price action with wave theory. Follow of More Wave Analysis Learning Thank You
Hello Friends, Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial...
its time to accumulate. low risk high returns. we may see the reaction soon enough.
Hello Friends, Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase. According to the Elliott wave structure, the price chart has exhibited the following patterns: The initial phase consisted of an upward impulse...
Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video...
For so long time we are seeing a complex wave. May be the impulse take place once the complex wave formation is completed.
Hello Friends, Here we had shared possible Elliott wave counts on copper international chart. Good thing is wave counts are aligned with each others in multi time frames, Over all it looks good to go long as per wave structure, whole scenario is shared in this video post, so please go through out this video post to understand the Analysis of copper as per Elliott...
Hello Friends, Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an...
we can see a wave 1 - 500 to 1800 , in this wave we can see a good retracement of .618 and price is also taking support on a major trendline. AB=CD can be form a good consolidation or a pennant pattern also can be seen . if we sit in this trade on the sl of 900 we can definately seen a return of 100% in this script
NSE:NIFTY looks to extend the current corrective phase till 18450-18420 or in worst case till 18360 (rare chance but still a probability) level. ● Wave a (sky blue color) with subwaves i-v (purple color) completed on 2023.06.01. ● Currently into wave b (sky blue color) which is an abcde (purple color) contracting triangle pattern. ● Wave c (sky blue color)...
NSE:NIFTY is currently into subwave 4 (orange color) of larger wave 5 (blue color) of larger wave 3 (gray color). The subwave 4 (orange color) is most probably complete and we should witness subwave 5 (orange color) from hereon. Level around 18843 (red color horizontal line) should mark the end of larger wave 5 (blue color) and also larger wave 3 (gray color).
Introduction In the world of financial markets, technical analysis plays a crucial role in understanding market trends and making informed investment decisions. One powerful tool in this domain is wave analysis, which has proven its accuracy time and again. In a recent BankNifty analysis, wave analysis beautifully predicted the index's movements, providing...
NSE:KOTAKBANK as shared previously it is near its first target. posting updated chart.
Hello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like...
Don’t know about fundamental issues. Good point of accumulating