AMARAJABAT had broken its trendline into a new Impulse a year back. The stock has managed to come to complete a Triangle wave 4 and is ready for a new leg of Wave 5 CMP 580, Target a minimum of Wave 1 which comes out to be ~700 A small SL of 34 points i.e. ~546 which is the support of A-C Trendline
The retracement is to be accumulated if you believe in this project. I am not yet assured that the bottom is in . One wave seems to be missing. Glad to be proven wrong.
Today we continue to follow some Altcoins, and this time we are talking about #ERGO (ERGO Coin). Technically speaking, the main trend is still bearish, but we cannot rule out a continuation of this technical rebound in near term. If Ergo Coin will be able to follow the swing shown on daily chart, the structure in play remains bullish with 2.54 direction (first...
We are at a bullish trend but since we are here at a resistance zone (and DXY showed a sign of reverse near the important support), it might be interesting to consider a reversal projection based on Eilliot Waves theory; IF this week's high is the end of the (a) wave and the price does not go higher...
If there will be new Buyers around the Support Area, a new bullish leg (wave 5) is possible in the short term. I will post new updates in the section below. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
After OPEC's announcement to cut production, $WTI soared after the open. Now, from a technical point of view it should be correct to try again to take long positions on a potential pullback. STRATEGY: Try to take a long position by splitting the position, 50% around $78 and 50% around $75. Stop loss below $71 (hourly close). Trade with care! 👍 ...and if you...
GBPJPY pair is still at the highs on a daily chart, which looks like a consolidation within uptrend, ideally as a bigger bullish running triangle pattern within higher degree wave (4). The running triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of "threes." That means each of the A-B-C-D-E waves have three...
CRUDE OIL HOURLY CHART IDEA: Higher to complete wave 5. Invalidation for this idea is set at 79.37 where wave 4 ends. Expecting price movement toward 38.2% and 61.8% area using Elliott Wave wave 5 projection guideline and channeling technique.
...from a technical point of view and looking at hourly chart, the answer is "yes"! Hello everybody! If we look at the whole bullish movement started from 22 October 2022, it doesn't seem to me an impulsive rally, far from it! The developed swing seems to be something similar to a corrective structure (ABC Pattern as shown on chart), and if this analysis is...
Uh oh, the first target is about to be destroyed soon. The next targets are 36k and 45k, which will be tracked using our real-time wave counting tool, allowing us to quickly assess market conditions.
AVAX price breakout SMA50 with bullish pennant pattern, possible ABC pattern retesting mega inverted head & shoulder TP 0.618 - 1.0 fibonacci retracement of wave B +25% upside S1: SMA50 17.50 and S2: SMA 200 16.00
On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.:...
Hello and welcome to this analysis From COVID lows in this weekly time frame its appears to be in its terminal 5th wave. After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it. As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is...
COINBASE:BTCUSD Nothing much to say possible run into the heavens........ enjoy the ride.. keep your hands inside at all times..
CRUDE OIL HOURLY CHART Current structure showing that wave 4 is in play. Based on guideline of alternation within impulse wave, we are expecting a shallow/sideway movement for wave 4 and the reasonable target for wave 4 to end is at 38% golden ratio. Invalidation level must hold for this idea. TRADING IDEA: Stay away for now and wait for wave 5 trading setup to...
Holding Shorts, and keeping the SL above the Wave A High
Greetings traders! I am sharing to you today one of my COINBASE:ETHUSD Elliott Waves analysis. That one is bullish until the summer '23 Fibonacci Extention from the bottom of the orange W to the orange X in order to find the orange Y Fibonacci Retracement of the purple WXY, in order to know where the objectives converges to be more precise Fibonacci...
Wave projection combined with price action and chart pattern trading signal > After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation. > A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50. > If breakout...