After reaching the $185 mark, Solanium headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have...
WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
After a long triangle in wave 4 Domination Bitcoin went for a breakout to possible 61.8% Fibonacci targets
Simple impulse wave count showing current price action forming the base of Intermediate wave 5 (the largest degree shown). If so, it would appear to be in the 5th wave of Minor wave 1, possibly completing around the 72.6-72.9K USD area. This implies a pull back to around 50-61.8% of the length of Minor wave 1 to complete Minor wave 2. As always, prior pivots...
USOIL Weekly Outlook The Market will form an ABCDE Pattern. Potential for Buyers to Reach +1500 Pips. Entry Price at 74,00 Target Price at 89,00
Price seems like completed 3rd wave of lower time frame bullish impulse move and as a result we could expect an abc bearish corrective move. to set stage for another bullish leg to complete fifth wave. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
As can be seen, the price appears to be completing a 5th wave of 5, indicating the end of a bullish impulsive move that reached the upper channel line. Now, we could expect a bearish move in the form of an ABC correction or a reversal. To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C...
As can be seen, the price appears to be completing the first and second waves of wave 5. If we see a bullish breakout of our buy setup, we can assume that the 3rd wave is on its way. As a result, after that, any bearish retracement is a buying opportunity. This analysis is triggered once the price breaks above the previous high. Let me know if you would like me...
Burberry (ticker: BRBY) reaching ~14 years lows, where the risk /reward ratio for the mid/long term starting to be favourable. I have two scenarios sketched out on the weekly, white being a 5 wave up, in which we finished 3, followed by a yet unfinished irregular flat structure as a wave 4. Yellow suggests a 3 count move up as an (A) wave, working now on the (B)...
Technical Analysis of Piramal Enterprises (NSE: PEL) This analysis is shared for educational purposes only and should not be considered financial advice. Overview Piramal Enterprises has shown a promising breakout with significant volume, indicating strong bullish momentum. The Elliott Wave analysis also suggests a positive structure, pointing towards...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Details: The short-term outlook shows that wave ((ii))-navy just ended at the low of 21.02 and wave ((iii))-navy seems to be opening to push higher, but a move higher is needed. a little more to confirm this view. Invalidation point: 21.02
Possible Diagonal formation suggesting further upmove on Gold. Will look to consider longs above 2387, with immediate resistance at 2397.
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation) Wave 3-grey is opening up to push higher, it is subdividing into wave (iii)-orange; while the price must sustain above the 60.58 level to sustain this view. Invalidation point: 58.17
AUSTRALIAN STOCK: REA.ASX - 09 JULY, 2024 © Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bullish Wave (iii)-orange appears to be unfolding to push higher, while price must stay above 189.80 to sustain this outlook. Invalidation point: 189.80
The chart provided utilizes Elliott Wave Theory to analyze the price movements of GTPL HATHWAY LTD . Below is a breakdown of the wave counts and their significance: Primary Wave Count Labelled in Black Wave ((1)) in Black (Primary Degree): - This initial wave is marked from the low in March-2020 to the high Oct-2021. - It represents the first major...
CRYPTOCAP:ETH #Ethereum Ethereum appears to have completed it's wave 5 of 2, via an Expanding Diagonal. Now with volume increasing since the bottom it's showing signs of strength in what's likely the start of an impulsive wave 3 to, MUCH higher🆙
Price seems like is forming a triangle pattern which could either be a wave b or wave 4. As a result in case of price breaish breakout of triangle we could assume we have a wave c in progress which we could take advantage of. And in terms of upside breakout then the fifth wave of higher degree is in progress. If you’ve found this analysis helpful, please take...
there is two small ways for wave 5 of wave C on this flat pattern. after wave 5 and breaking the 2,4 line you can buy it and you stop loss is the wave 5.