Crude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining...
Looks like we have an upside target of either 20.37 or 21.3 for VIX model to complete its move to the upside - expect to see in conjunction with new lows on SPX and QQQ to complete the wave 2 decline
Gold is forming another triangle now in lower time frame chart e.g 1hour chart etc. So probably last leg to complete wave A (yellow).
Hello ladies and gentlemen; Although today is not a holiday, we will enter the London session in the coming hours, where no data will be received. The most important data of the day will come at the beginning of the New York session. Considering the unemployment data that came 2 weeks ago, I expect today's data to be lower than expected. According to the chart,...
The price has entered all 3 buy zones so micro wave 2 could be complete and we could see a reversal but I expect one more low in a wave 5. BINANCE:WLDUSDT
NIFTY - Elliott Wave Account the current market is unpredictable and making violent moves and also we are in result season. this might be an alternate options to the view which we provided yesterday. Please note that this information is for educational purposes only, and it is crucial to trade with caution. NSE:NIFTY NSE:NIFTY1! NSEIX:NIFTY1!
Heromotoco - Elliott Wave Count Heromotoco - the market violates our bearish view which we posted earlier. Hence this might be an alternate view on Heromotoco. however, its recommended to open short position only if the market breaks above channel and comes back closed inside. Please note that this information is for educational purposes only, and it is crucial...
We believe that wave (4) in the higher time frame is not finished yet. There might be more upside but in a corrective way to finish wave X. Once wave X is finished, downside will follow as a wave Y.
Voltas - Elliott Wave Count It appears that the market correction for Voltas has come to an end, and we can anticipate another upward impulse wave, provided that today's low remains stable. Anyone who opened a short position based on our previous view should consider closing it. However, if the market falls below the current low, the previously mentioned view...
We believe that wave (4) in the higher time frame is not finished yet. There might be more upside but in a corrective way to finish wave X. Once wave X is finished, downside will follow as a wave Y.
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.
Hello friends. This is our primary expectation for the ES at the moment. The wave count looks nice and bullish, and the fair value has been consistently in a rising trend, which normally leads to higher prices. Our exact position is October 30th calls at a strike of $433 on the SPY, because we expect quite a strong move upwards that should terminate around this...
Have been watching this one. Thinking this is a good entry, not too big, so holdable, for now, if wrong, or it it moves up, stop at break-even. Looking for equities to strike a short-term bottom and pullback, then continue down. In the meantime, I think GME will catch the progressive retrace and rally, but when equities sour for the next many months, I think...
Looking at price action since May 2021's high, we could be close to the end of the descending cycle. We have already reached 100% extension of gray A-B, which is a very common condition of Wave C. In my primary count, we are currently in black wave 5, which would give us a new low below 183.4.
Not going to spend a bunch of time on my post tonight as I have been very clear on my expectations. We hit the 0.382 as I said, and at the least it slowed us down. Nothing has changed from my last comment though when I said we need a 3 wave retrace next. We could get OML judging by the MACD but structurally the count looks complete. Seems as of now that would...
ICICIPRULI - Elliott Wave Count It appears that ICICIPRULI is completing wave 4 and we can anticipate wave 5 to reach the range of 670 to 700 in the coming days. Please note that we have placed our stop loss at the level of 512. This means that if the price drops below this point, we will exit the long position. Please note that this information is for...
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. However, the lower time frame suggests further corrective price action which will result in more wave (2) downside. Several bearish scenarios can be considered if we take out the 04/10/2023 low.