Looking at all the support levels, seems like Bank Nifty either completed Wave 5 or is near completion on the daily chart. It might fall to 39300 in the coming days.
Price action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8%...
Good morning Traders, Following my previous analysis, I have updated my chart to show my thoughts on what's happening. Following the "sign of strength (SOS)" stage, we have seen a re-test of the "last position of support (LPS) stage and have now seen the typical continuation pattern / shape you would expect following the "SOS", where the price is converging...
Done with a 5 wave move for 1 and now on a 3 move down for W2.
The USD/JPY is currently at levels last seen in 1988, the second correction in the upcoming bull run is complete, and more dollar strength may be ahead. Although this is a strong resistance level, I think price may break through to levels around 157.78 as a first target. This would represent an equivalent length of the first impulsive wave that started in January...
if it is in a zig zag correction then it will do something like this. Most likely however, wave 3 will be longer etc and the first 5 wave move is just an estimate of the usual fib points each wave reaches. The whole zigzag will probs reach 0.5 of larger wave 1, which we will then see btc impulse down quite hard i presume if this is all true. what are your thoughts?
Hey all, Cryptocurrencies are trading lower, as USD gets strong across the board and stocks turn down. There is room for more weakness in the near term, but the Ethereum can still be interesting for a bounce if the 68.1% and 78.6% Fib will hold. For more details, check the video.
Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom. 80%-85% drawdown from ATH on every bear market = $13175 Re-test last Bull Run highest Monthly close = $14000 Then there is the Elliott...
$SPY forming an expanding diagonal. must conclude past the length of wave 3 to confirm the pattern.
this is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
In the S&P 500 index, we see the fall of wave C in the form of five waves, and it is expected that this trend will move in this way according to the chart to form wave 1 of C, and then the second wave will move to the specified range, and then a sharp fall for the third wave. will continue
hello friends The pound is in a downtrend, we are now in the fifth wave of the third wave, and we will now be a correction in the form of an ABC zone for the fourth wave, and it is expected to move towards $1.1763.
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 is my main chart now for life. I mean it. Wait at 9k for wave 3 to begin.
Friends, my expectation from the dollar index is that it will grow up to the range of 111 and then we will start a downward trend.
Price action and chart pattern trading setup > A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone > Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation > Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12% > Stoploss @ the lowest position...
Hello friends. According to the theory of Elliott waves, we see the formation of the price in the form of a large correction wave ABC, and now we see the third wave of wave C. According to the chart, the goals of the third and fifth waves have been determined. So, open the ceiling for trading. Open a sell transaction.
Friends! Seeing its previous bottom, gold should try for wave c (in the form of five waves) up to the range of 1835. So, you can buy at the bottoms and expect growth up to the desired range. Often, in these waves that rise intensively, wave one and wave three will be equal and the fifth wave will be bigger than the two waves.
Price action and chart pattern trading setup > Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario > Entry @ 2-wave bullish wedge breakout and EMA10 TF24H > Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40% > Stop @ the lowest 2-wave position...