An inverted head & shoulders breakout in weekly timeframe, possible ABC wave pattern Entry pullback trade position retracing at the inv. h&s neckline support - SMA20W TP1 - 161.8% extension +70% @ downtrend triangle resistance TP2 - 261.8% SL - B wave lowest position RRR: 3:1
Was it Charlie the whole time or does Warren just give up... Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway...
Not really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow. Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence. For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long...
We might be in an expanded flat. Projecting 100% for the C target.
The FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the...
HELLO FRIENDS, Here I have shared chart pattern and possible ELLIOT WAVE counts of RS SOFTWARE, which showing the uptrend of this stock. As per chart pattern, this stock is following the CUP AND HANDLE PATTERN which shows the BULLISH TREND of the stock. the above image confirms that as per guidelines of Cup and Handle pattern, volume contraction must be there...
The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market). This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks. More EW of this pair in different time periods to be published shortly.
It is important to remember that Elliott Wave theory is interpretive, and different analysts and traders may have different perspectives regarding certain rules and variations. I will post if there's a new update on my perspective. Trade safe, Everyone!
Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The...
Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term...
The stock is spotted in a complex triple three correction(WXYXZ) since JUL.2023 and is now finally at the end stages of this lengthy correction. Only the last leg, which would be wave v of "WAVE C" of "WAVE Z" seems pending in the stock now. $170-180 is a major support region and the stock is expected to complete the last leg of the correction within this zone...
AMD is all set to rise in wave v of 3. The projected target for the wave is expected to be around $213. $164 marks an important swing low for the stock and the SL too can be set around this level. The way volume has picked up in the stock from JAN, it is also possible for the current wave to out-beat the expected target level.
In comparison to previous bull cycles this rally from the depths of 15k on bitcoin sure has taken its sweet time. It's quite often the opposite when crypto is in a bull market. The last rally from 25k to 48k was a bit more of the personality we are use to. So is bitcoin geared to moon to new All time highs? It certainly continues to increase its probability...
EW Count BTCUSD according to me. What do yall think? Open to feedback.
GAIL is expected to move towards INR 200 in wave v of the ongoing wave III. INR 167 will stand as a crucial point for the trend to hold.
The power index is all set to move towards the INR 7000 mark in the new wave v of (iii) of III. The index has been in a strong uptrend since Feb 2023 and the trend only got stronger in OCT 2023. The new wave is expected to touch 6968 levels soon. 6164 remains a crucial support for the index going forward.
This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of...
BTC has remained impulsive since early 2023 and with OMH, we should complete our first subdivision, of a long term wave 3 that will last years according to my long term forecasts. Currently we find ourselves in our wave 4 consolidation which I am forecasting once complete and price breaches $49,023, could see prices top in the area north of $51,175. Afterwhich,...