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.
The impulsive structure up in the lower time frame is not coming. Instead, we have corrective price action. We believe wave (4) is not finished yet and we can see some additional corrective moves.
Hello everyone; Today, we will receive inflation data from the UK and the European Union in the London session. Inflation in the UK is still expected to remain high. However, things seem to be getting better in the European Union. Later, we will see construction data from the USA in the New York session. According to these data, the construction sector is...
A possible motive (impulse) wave is forming on GBPCAD with current ascending triangle pattern hinting for a possible advance towards next supply zone. Good opportunity for optimal RR ratio trades. I'm looking forward to catch the 3rd wave.
Following up from what I said about silver, here are the latest developments in gold.
There are exactly 7 stocks holding up the entire US stock market. Those assets include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. What I’ve done here is created an index chart that enables an Elliott Wave count of all 7 assets combined. The all time high was printed in November 2021, along with the rest of the major stock indexes. Since then,...
Technical Analysis: - Tesla is doing a wave I in red. - H1 and H4 right side is turning up Technical Information: - If you want to buy, you must wait for wave II in red once it's completed