Timeframe: 1 day chart
XAUSD has created a corrective pattern W-X-Y (double three ) on the wave (4).
Wave 4 is forming double three patterns, where gold has completed wave W.
Wave X is a contracting triangle.
Bears can enter after the breakout of the B-D line .
Breakout of the B-D trendline shows that gold can fall very sharply.
Sometimes, The market creates...
Howdy Traders and investors !
you are showing reliance 1 day timeframe chart.
I have analyzed this chart with Elliott wave principle.
so shall we direct jump on pull ?
shallow ends first !!!!!!!!!!!
I have liable impulse phrase from November 2016 to September 2020.
before 2016 data of chart it quite deceptive and I always ask my self that do I recognize...
Howdy Traders ,
The Ichimoku cloud was evolved by Goichi Hosoda,
utilization of Ichimoku Kinko Hyo
1.identify support & resistance
3.Find trend direction
Parts of ichimoku cloud
3.senkou span A
4.senkou span B
6. chikou ( we will learn in part 2 )
Howdy Traders ,
You can see here that this is a 4-hour chart of Lupine. One to four waves are complete in this chart.
Retracement of wave 1 is 78.6%
Retracement of wave 3 is 300%
Retracement of wave 4 will be 50 or 38.2 %
we will wait for completion of wave 4 after it we can have wave 5 with minimum 61.8 % Retracement.
wave 4 will complete at 50% as per...
Howdy Traders & Investors ,
Vascon Engineers Ltd is best for long Term investment Because Price is 8 Rs and it can max go Up to 0 Rs.
if you are ready to buy 50 Shares , so your loss will be 50 *8 =400 . but if stock will fire profit will be Unexpected.
Their is Risk but it is nothing in compare to profit.
This is ICICI monthly timeframe chart, which has a major trend as an uptrend.
In this, 1 to 4 waves have been formed and to complete the impulse module, the 5th wave is going to be made.
The third wave is extensive. The wave count of it is a bit unclear. When we count the minor waves of the 3rd wave, the 4th wave of minor waves is overlapping. But if we see the...
In this chart you can see that price is respecting parallel channel.
if price wants to grow more , their is no concept of truncation.
wave 5 may have to travel 78.6%.
price may destroy resistance and we can also get pull back.
check related idea for more detail.
if their is reversal we can get signal by candlestick patterns.
After Double Zigzag, new Impulse Phrase has started and 4th wave of Primary degree is forming,
as we all know that corrective 4th is the accelerator of 5th wave . so , if we will find the ending point of wave 4 we can ride on the 5th impulse.
Competition of Fifth wave will also provide us the ending point of 1st wave higher degree.
Price has Broken important Resistance.
You can see the volume in the chart and see how fast the price goes upward,
113.90 : At this point the price may reverse because This cost is an important retracement which is 61.8%.
This line will try again as support when the price retreats.
Howdy Traders ,
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.
For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley .
There are two possibility as per following:
1) The price will not break recent low or 1.618 AB = CD.
2) For the Crab, pattern...