This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Ambuja cement is going to fall near about 17% and the stop loss is near to 1% only. Best time to get the maximum reward. These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case: Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the...
A difficult chart to label. On an linear scale it looks like an expanding ending diagonal, BUT on a logarithmic scale it looks like a contracting ending diagonal. I chose the latter, even though it, in theory, violates the rule (the first wave is shorter than wave 3). Still, the rule is not violated on the linear scale. It's also possible the move is an impulse...
Price action and chart pattern trading: > A possible ABC downtrend correction scenario with a upcoming fake breakout head & shoulders formation > Key dynamic resistance EMA50W and EMA160W > S Entry @ EMA50W and downtrend upper resistance zone > TP1 @ 0.786 fibo extension +35% > TP2 @ 1.0 fibo head & shoulders target +45% > SL @ B-wave head position -15% > Risk...
Hey friends, Netflix reported positive earnings again for the first time in Q3 2022. What a coincidence, though, that the stock has been trending upward again for 162 days. The Netflix stock has gained almost 80% in value and the recently published quarterly figures seem to indicate that we have finally seen the bottom of the streaming giant. Netflix has now...
BTCUSD is coming sharply down in the 4-hour chart and seems like it's going to retest June lows within 5th wave after the recent complex corrective structure in wave 4. So, watch out for more weakness towards 17k-12k area, but maybe within a slower price action as part of the ending diagonal pattern for wave 5, unless it alternatively stays sideways within wave 4...
This chart contains the overall planned levels for the bottom. The details are below. Primary wave 5 levels are annotated on the left of the lines and Intermediate wave 5 levels on the right. The blue lines are based on the most specific wave position data and the yellows are slightly less specific. The other lines are common Fibonacci and algorithmic trading...
XAUUSD is in wave 4 of three. Entry 1 Price: 1702.45 Entry 2 Price: 1694.37
Im not really surprised to see Bitcoin broke out of the trend from the all time high and then the volume dropped off. If we cannot get above $20500 and close on the daily then I think we will be heading back down. We ideally need to get above $21k and then 22k before I would switch bullish on BTC. If we drop below 19k again I expect a strong sell off. Good luck...
GBPUSD Update After such nice 5 subwave recovery on GBPUSD from 1.0532, it's time to zoom out a bit. Pair reaches potential temporary resistance up here, which will probably be broken next set-back. Or broken now and next set-back stops at that falling trendline.
Hindalco the metal stock has been moving good for last couple of weeks.The stock is in wave 4 flat correction which will end around 410 and then the next wave 5 will start for the target 468 rupees.
If price gets to 1.33570 then we are in for a 1/2 1/2 sequence and no longer a leading diagonal... Cus the basics rule of a Diagonal where Wave 3 can't be the shortest will be broken... This a very nice setup, monitor and #DYOR
My primary expectation for Matic is one more low in a wave five of the wave c. However it has done a lower low so we could technically go up up from here and nearly hit the 50% fib which is an ideal retracement for a lager wave 2. If we are in the wave 4 still before wave down in the wave C. We could comedown between 0.6867 all the way down to 0.4587 in a wave 2....
DXY has been on an extended pump to the upside and is definitely getting exhausted in its wave 5. We have nearly hit the 1.618 fib at about 120.00. It does not have to go any higher and has done more than enough for a wave 5. If the wave 5 is over we could be looking at a retracement down in an ABC to 92.78 to 80.00. Obviously this will take months or years to...
Ok so this is a bit out there but its entirely possible for Bitcoin. Especially with the current financial climate. Do not take it too seriously as triangle patterns get invalidated all the time but its one to definitely have on the radar. This is how I would see us get to a 10k BTC. We can only look at bullish or bearish patterns and follow them till they get...
Ok so we broke out of the triangle to the upside not really my primary expectation. However BTC loves to do the opposite of what we are preparing for :). If this really is the bottom and we are going to move up impulsively we can already count a 1 2 pattern and 3 waves up in a wave 3 in sub waves. We still need a 4 down and 5 up! Looks like we have started wave 4....
The German benchmark index should not have reached its low yet. I expect that the downward trend should find its end in the area between 11044 and 11449 and from here, at least for the moment, a strong correction should begin, if not new record highs could be reached from here.