Impulse Phrase is completed and the correction phrase is forming. Fib. RET. : wave 2 : 78.6% wave 3 : 361.8% (Extended) wave 4 : 38.2% wave 5 : 161.8% (Extended) wave B is Bellow the starting point of wave A, so we can expect Zigzag correction at Wave C. both parallel channel are giving Confirmation at wave C. Limit of wave C is wave 2 of (5) wave.
Presently, the price is trading in ABC corrective wave inhere the Harmonic Alternate Bat OR Gartley pattern is in progress. Reversal of Gartley Fromm 1895 of 0.786 fib ratio. Suppose to, the price fall then, alt. Bat pattern of reversal zone is 1801 nearby for 2009 and 2130-50
For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart: The impulsive move The corrective move. Motive Cycle: The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary; It takes the form of 5+3 wave = 8 Wave patterns. It has the three waves 1, 3, 5 moving...
In this chart, Price is making a particular range and this is the example of range trading strategy. We can take entry when price breaks the range and PRICE close above or below the Range. I will make study so Trader can use and take profit from this Strategy.
Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. Reason of Truncating in 5th Wave: In the bull market, weakness in price &...
How to determine the target after T-Bar ? By utilizing Fib. Retracement, target can 38.2% first and 61.8% second. There's also important how to ride your profit which depends on many factors such as trailing SL, Volume, etc. Targets are 227.55 and 211.75. My previous work on this stock : SOLD: (247-249): - I have activated to sell in TimeLine...
The price is already started for D ? C can be on 0.886 or 0.786 or 1.13?
Today's high 228 which is not far from Thursday sellers . The 235.2 (fib. ratio - 78.6%) nearby stops to moving price upward. The upper band of the channel's hurdle at 231 which can push the price for " Gravitation Line ". The "6" point of Gravitation area is 204 to 206 in range.
The following parameters are measured: "B" is less than 61.8% 2.61.8 BC projection @ 243 1.618 AB = CD at 237.5 1.27 AB = CD at 226 1.13XA retracement already done. Reversal target can be utilized as 218 OR 226 ? Reversal zone 243 or 237.5
By the observing from left to the right-hand side for AB = CD and 1.27/1.618AB=CD most precise Potential Reversal Zones ( PRZ ) of alternate Harmonic Pattern. The next important level for, Alternate 1.27AB = CD at 13096 can be used to determine other potential Reversal Points. 1.27 AB = CD 13096 AB = CD was at 12765 and the price slightly crossover...
Zoom In to verify the range of the channel. Upper Band Poten tial Reversal Zone (PRZ) - 13003 to 13088 Parallel Channel's Resistance zone. The "Control Price" will attract value towards it. Previous work on the Same channel:
Fib. Retracement start from 12441.75 to 7495.00 end for determing the nearest important fib ratio is 1.13 which is 13084 . 1.618 AB = CD at 10620
From Reversal point "D" , the price has traveled as expect 226 and another 218 (low made 220) Still valid pattern 238 and 243... Look at Previous researc h:
Wave are going to be broad therefore, expecting 4rth wave expanding triangle. Very soon, I will give you clear number on it.
Hello, Friends...! How are you? After a long time, I've used here Break-Down Strategy... The Control Price is too far from the current price level. The price is trading near the Value Low area which is near 11476 . No Activity Zone is the upper side of the Control Price. The Wave COUNTING: our wave counting direction is up-ward therefore, the...
This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ...
On the 5th, I'm expecting Throw-Over for this parallel channeling. By utilizing the 2-wave and 4-wave to determine the wave 5th connected parallel channel but herein, I suppose to break the upper band of the channel causing taking a table of U.S. election by the Biden expecting. In essence, after the completion of the 5th wave, we are going to correct A, B, C....
The Specification of Alt. Bat Patterns are the following: The B point retracement must be a 0.382 retracement. It must have a minimum 2.0BC projection . Requires a 1.618 AB=CD calculation. For the targets, I used a previous important level as 171.8 & 168.9 OR you can also use retracement level to secure your profit.