The gap at the start today has made the bigger C wave down a little difficult to count. But I am pretty confident about it. The horizontal support lines are possible levels for a good reaction. Not an advice thought.
Although the right should is complex one but this Head and shoulders has a volume confirmation to it. The triangle formation tells that it can move either way. The targets are indicated by the green horizontal support/resistance lines. Note: Not a financial advice.
Ascending wedge forming with a target of 80-85. But there's a possible leading diagonal wave count that could take it first to the resistance indicated by the green horizontal lines above the current market price before moving down.
Looks like it broke out from a descending wedge and Coming down for a possible throwback. Also ther is multiple divergence showing up with RSI on 4hr. if the wedge support doesn't hold then we have to have wait longer for the reversal. My targets are indicated by horizontal support lines. NOTE: Not a financial advice. Just an idea.
This ain't got much to go on about as its clearly visible its doing an impulse on all timeframes. That would mean an impending wave 5 on the daily as waves 1-3 are already completed and its doing a 4 currently . My targets for this upcoming potential 5 is around 56-60 sats level. There's no extending action given by wave 1 and 3 , so a strong and extended wave 5...
I think, RPOWER has been doing a large WXYXZ since ATH. I could be very well wrong though. Its just my opinion. Found a nice complex corrective structure throughout the movement. Ofc, you can also find an impulsive one , downwards which would then mean mayhem! But i'm not too confident with that. Also, if you look at the big descending wedge, you can see that it...
I have chosen this ABCDE triangle wave as my primary count on the daily time frame, which also looks like an ascending wedge pattern wise. Ascending wedges are usually a bearish reversal pattern but can be used within a larger movement. So, technically my downside targets are near the wedge bottom ( USD 3100-3200 level) , where it'll be crucial to watch if the...
SENSEX has two possible chart pattern scenarios standing out among others for me . On the 4 hr, My primary pattern for any play is the Ascending triangle with initial target near 38950 level. Although,There's a bearish pattern (Bear Flag) in play too but I'm not too confident about it, as the flag consolidation is roughly >/= 50 % of the flag pole. Also there's...
Doesn't look that good. I have my primary count for Shriram Transport finance doing a WXY down on the weekly frame and its safe to say so as its clearly visible if you zoom out that it completed 5 waves up on the weekly. Although wave structures as big as this don't fulfil their targets 100% but i'll still be keeping my long term targets near INR 2400-2700 ranges...