Chart say everything with Elliott wave counts and Chart PatternsChart say everything with Elliott wave counts and Chart Patterns
Looks like Inverted Head n Shoulder chart pattern, yet to Break above Neckline.
Scenario also aligns with Impulse wave counts.
Elliott Wave Counts
Inverted Head n Shoulder Chart Pattern Yet to confirm Breakout
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Elliotwaveanalysis
Bitcoin - Time to buy again!Bitcoin has completed its third upward wave and is now finishing its fourth corrective wave. Therefore, it can be concluded that after completing the fourth wave and forming a flag pattern, it may reach $104,000 or $107,000 in the fifth upward wave.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Give me some energy !!!Bitcoin is currently on its way to completing the fifth wave of its upward trend, and this wave can continue up to over $100,000.
Previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADNOC Gas (ADX) – Riding Wave 5
Analysis:
The stock appears to be in Wave 4 completion, and Wave 5 seems to be forming as per Elliott Wave Theory. The recent pullback aligns well with a key demand zone around 3.39, which has been respected, indicating strong buying interest.
Wave Analysis:
- Wave (1): Impulsive move from a prior consolidation range.
- Wave (2): Corrective pullback, respecting prior demand.
- Wave (3): Strong impulsive move higher with increased momentum.
- Wave (4): A corrective pullback to a demand zone near 3.39, forming a higher low.
- Wave (5): Targeting 3.97-4.00 levels, aligning with a Fibonacci 1.618 extension of Wave 3.
Supply/Demand Zones:
- Demand Zone: 3.39-3.14 (validated as price has reversed strongly).
- Supply Zone: 3.97-4.00 (potential resistance as Wave 5 completes).
RSI Confirmation:
- RSI on lower timeframes (e.g., 4H and 1D) shows no bearish divergence, which supports continued bullish momentum for Wave 5.
Trade Setup:
- Entry: around 3.52.
- Stop Loss: Below the wave 4 low at 3.39 to minimize risk.
- Take Profit: Target Wav 5 completion at 3.97-4.00.
- Risk-Reward Ratio: Approx. 1:3
“Trade what you see, not what you feel.”
Stick to your analysis and avoid chasing the market if the price fails to confirm Wave 5.
Always use proper risk management. Allocate no more than 1-2% of your account balance to this trade to ensure sustainability.
Patience is a trader's greatest asset!
Happy trading! 🚀
Disclaimer:
This idea is for educational purposes only and not financial advice. Always do your due diligence and consult a professional before making any trading decisions. Trading involves significant risk, and past performance is not indicative of future results.
Be careful with BITCOIN !!!If we measure the AB range, which is 45% , we can say that the price will easily grow 45% equal to CD. AB=CD
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Frankly, I don't feel like explaining, the chart says it all !!Finally, the wedge broke .The price can reach the shown targets. That's it.
previous analysis
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
A case for long term investment and DCANYSE:VALE Is at an inflection point. It is a stock I have been watching for a long time as it has a nice Elliott wave pattern (If correct)
Here I present the Weekly chart as I consider it for my long term portfolio (3+ years BUY and Hold)
Although the chart presented here looks great (Read: Phenomenal), as an analyst utilising multiple methods, the story does not unfold as easily as I'd like.
As can be seen in the snapshot below there are multiple 'anomalies' still outstanding at those green zones on the magnified weekly chart. They may or may not be filled, but our awareness of them should cause us to move forward with caution.
On the Elliottwave side of things, there are two ways of looking at this. Either the recent top at ~$23 was wave i of 3 of (3) or the top of Primary w(1). If the latter is true then we will likely drop lower in to one of the green bands.
So the question remains - how do we take advantage of this given a drop to just above $3?
1) You can Dollar Cost Average in at each stage distributing your allocated capital
2) Wait for a bounce in a five wave move and enter at the correction for w2 of that bounce. Use the low for a stop loss.
There is no perfect way to manage the unknowns, you can only manage your primary objective, which should be to safeguard your capital -
If you want to know my thoughts on NYSE:VALE and other names give this a boost and follow.
best of luck!
Tesla (TSLA) Elliott Wave Analysis: Uptrend OpportunitiesHigher Time Frame (HTF) Perspective (Weekly Chart)
Tesla has been in a strong uptrend since April 22, 2024, when it bounced from a major demand zone after being in a downtrend science Nov 2021.
with a clear Elliot wave 1,2,and 3 formations,
the impulsive Wave 3 on the HTF appears complete, with an expected retracement to Wave 4 levels in the $326–$293 zone, which aligns with a major demand area. This zone could serve as an excellent entry point for the next impulsive Wave 5 upward.
Lower Time Frame (LTF) Perspective (4H Chart)
Within the broader Wave 3, we see a potential wave extension forming as the 4H Wave 5, targeting the $470 level (1.618 Fibonacci extension of the Wave 3 move).
A strong resistance area is forming near the $365 swing high, which must be cleared for further upside confirmation.
Strategy Breakdown
1. Scenario: Bullish Continuation
Buy Stop Entry: Place a buy stop order above the last swing high at ~$365 to confirm breakout momentum.
Stop Loss: Below the swing low at ~$320, protecting against false breakouts.
Take Profit Target: Aim for $470, the projected extension of the lower timeframe Wave 5.
This setup ensures capturing the next leg higher while avoiding premature entries.
2. Scenario: Bearish Pullback
If the price fails to break above $365 and pulls back, monitor the broader HTF Wave 4 retracement.
Key demand zones are at $326–$293, supported by:
Fibonacci retracement levels (50%–61.8% of the Wave 3 move).
Historical accumulation zones.
Action: Wait for consolidation or bullish reversal patterns in this zone before entering long positions for the anticipated HTF Wave 5 targeting higher highs.
Risk-Reward Analysis
Upside Potential: From a confirmed breakout at $365, the potential gain to $470 offers a reward of approximately 105/share, which is a 29% upside.
Downside Risk: With a stop loss at $320, the risk per share is about 45/share, yielding a Risk-Reward Ratio of ~1:2.3.
Adjust position sizing to maintain your account's risk tolerance (e.g., 1%-2% per trade).
Analysis Summary
Tesla's technical setup provides two viable trade scenarios:
Riding the LTF Wave 5 to $470 if the $365 resistance breaks.
Waiting for the HTF Wave 4 pullback to the $326–$293 demand zone for a safer long entry.
"Be patient, monitor volume and momentum, and let price action confirm your entries."
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly and consider consulting a financial advisor before making trading decisions.
ACHR: Long Position (Two phases): Wave 5 and post-correctionToday, I want to share a trade idea on Archer Aviation Inc. (ACHR), leveraging the current market structure and technical indicators to maximize gains. This plan follows a two-step long strategy: first, capturing the ongoing Wave 5 rally, and then exiting to wait for the corrective ABC pattern before re-entering for a bigger move towards the Q1 2025 target.
Step 1: Ride the Wave 5 Momentum
ACHR is about to start its Wave 5 rally, offering an excellent short-term long opportunity. Let’s break it down:
Slow Stochastic Bullish Momentum
The Slow Stoch oscillator is signaling strong bullish momentum, albeit in overbought territory. This is typical during Wave 5 and suggests further upside potential before the trend exhausts. Staying with the momentum while it lasts can be very rewarding.
Massive Volume Spike
In the last three weeks, ACHR has seen a significant increase in volume, indicating strong buying interest. Volume often leads price, and this kind of activity strengthens the case for continued upward movement. The surge in interest can drive the stock toward its next key resistance around $9.84.
Fundamental Catalysts Driving Momentum
Recently, ACHR has achieved major milestones, such as progress on FDA approvals and securing new contracts and orders. These developments add to the bullish sentiment, attracting more traders and creating a supportive backdrop for the rally.
Trade Execution : Enter a long position now to take advantage of the current momentum and aim for a target near $9.84 (the resistance zone). Consider tightening your stop-loss to protect profits as the stock approaches this level.
Step 2: Exit, Wait for the ABC Correction, and Re-Enter for a Bigger Move
After completing Wave 5, the market is likely to enter a corrective ABC phase. This is where it’s smart to exit your position and wait on the sidelines. Why? The correction will likely bring the price down to a more attractive level, allowing for a better risk-reward setup for the next big move.
Once the ABC correction concludes, re-entering around the key support zone sets up a new long opportunity with an eye toward the Q1 2025 target of $12. The long-term fundamentals of ACHR and its growing momentum in the market make this a high-probability setup.
Trade Execution: Watch for the corrective phase after Wave 5 completes. Use Fibonacci retracement levels or support zones to identify a potential re-entry point.
Final Thoughts
This two-step strategy focuses on trading the immediate momentum of Wave 5 while preparing for the post-correction opportunity. The increased volume and bullish technicals, supported by ACHR’s strong fundamentals, create a high-confidence trade setup. Timing your entries and exits carefully will allow you to capitalize on both the short-term rally and the long-term upside.
What do you think?
Let me know your thoughts or how you’re planning to trade ACHR in the comments!
Alikze »» DUSK | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Scenario of wave 3 or C in the ascending channel
📣 BINANCE:DUSKUSDT is moving in an ascending channel on the weekly time frame.
🟢 In the previous rally, it stopped at the supply range of 55 cents and a corrective cycle was formed to the origin of the movement of 14 cents.
🟢 Currently, it is facing demand, considering the first movement wave and the correction to the origin of the previous movement.
💎 This movement wave is the third wave, which is located in the microwaves 3 of the first 3 waves, considering the current momentum.
💎 Therefore, in the first step: this movement cycle will have the ability to grow to the first supply zone.
⚠️ In addition, if the price correction enters the range of this validation level, the bullish scenario will be invalidated and must be re-examined and updated.⚠️
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BTCCOINBASE:BTCUSD It is possible that Bitcoin is forming a butterfly pattern as a completion of the 5th Elliott wave. In this case, it is possible to make corrections as shown in the picture by completing this model.
Since the financial markets are under the pressure of many factors and any factor can cause fluctuations in it, the provided analyzes are provided only to inform the general market environment and are not any suggestions to buy or sell. So be sure to trade with your trading strategy in this market.
ASX:FMG ELLIOTT WAVE ANALYSIS: 1 DEC, 2024©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Desgination).
So the wave ((iii))-navy could be unfolding to push higher, targeting the high around 23.84, a break of which would take us to 28.80.
While price must remain above 17.54 to maintain this view.
XAU/USD 27.11.2024OANDA:XAUUSD
Hello Traders,
A quick update on gold: Wave Orange A is definitely completed. I’m now looking for bullish momentum, either as a 12345 setup (as I’ve drawn) or potentially as an ABC formation leading to my Orange B. The Fibonacci zones remain consistent regardless of the scenario.
At the moment, I already have two buy positions. My current target is the retracement level of Wave B. Once I can confirm whether the structure is forming an ABC to B or a 12345 setup, I’ll adjust my target accordingly to the relevant Fibonacci extension level.
Gold (XAUUSD) ShortThis is not an financial advice. This is just my observation.
1. Gold is obviously bearish and the price is on its correction way.
2. Based on Elliot, the A and B wave has been completed and we are now in the wave C. In the wave C, the first and second waves are almost done and we are going to enter wave 3. The 2/C is reached to 50% correction. However, I have to admit that On Friday I expected that price should reach 2670 (on of the strangest price resistance level). On 4H time frame, yesterday price crossed down the EMA 200 which can be considered as an entry signal.
3. For long term (I think until next Fed reserve rate announcement, unless other news interrupt) price should meet about 2470, although more bearish is also possible. After 2470, I suppose we should look for a bullish signal. Until then, we have some minor SR levels, expectedly on about 2568, 2515.
I am looking forward for your comments.
Bests,
BILDCO – UAE Stock Market (ADX) Bullish Reversal in Play BILDCO – Bullish Reversal in Play 🚀
Ticker: BILDCO (ADX)
Timeframe: H1
Setup: Elliott Wave + Demand Zone Strategy
Trading Idea:
1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429).
- If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small.
2. Demand Zone Confluence:
- Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential.
3. Bullish Momentum Ahead?
- Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar).
Game Plan
1. Entry:
- Long from 0.620 - 0.600,
2. Stop Loss:
- Below the Demand Zone at 0.5712. Keep it tight, protect your capital.
3. Take Profits:
- TP1: 0.7066 – First supply zone.
- TP2: 0.7540 – Next major resistance.
- TP3: 0.8711 – Targeting Wave (5) extension.
4. Risk-Reward:
- Insane RRR of 1:8.59! Small risk, big potential move.
Why This Setup Rocks
- Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone.
- Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend.
- Volume Backing It: Buyers are already lining up, which is what we want to see at key levels.
---
### Disclaimer
Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position.
---
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EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incom"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀"
Analysis:
Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push.
The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce.
Key Drivers:
Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a pivot zone for price.
DXY Weakness: Dollar Index stalling below resistance supports EUR strength.
The Setup:
Long Entry: Look for buys near 1.0325 or on confirmation of a breakout above 1.0600.
Stop Loss: Below 0.9538 (below the demand zone or the last swing low (wave c).
Targets:
T1: 1.1688 (Fibonacci extension level).
T2: 1.2264-1.2345 (key supply zone).
Risk-Reward Ratio: With a 6:1 RRR, this is a textbook setup for catching a multi-month rally.
Quick Note for the Bulls:
Stay patient for the demand zone reaction or confirmation of Wave 1 breaking higher. Protect your capital by sticking to the plan.
Follow for more trade setups and share this idea to boost it to your trading circle! 💹
Disclaimer: This is not financial advice. Always manage your risk and trade responsibly.
Trading Idea: FIL/USDT on 2H TimeframeElliott Wave Analysis:
On the 2H timeframe, Wave 4 has completed, as indicated by a retracement to a demand zone, respecting typical Elliott Wave guidelines (commonly a 38.2%-50% retracement of Wave 3).
Wave 5 is now expected to push prices higher, completing the impulsive structure of Wave (3).
The projected targets for Wave 5 align with Fibonacci extensions and prior resistance levels.
Trade Plan:
Entry:
Enter long at the current price level (~5.70), as the market begins its Wave 5 rally.
Confirmation of Wave 5 could include a breakout above the local high (~6.13), signaling bullish momentum.
Stop Loss:
Place a stop loss below the low of Wave 4 (~5.15), as a break below this level invalidates the wave count.
Targets:
First Target (T1): 6.60 — Completion of Wave 5 based on Fibonacci extensions of Wave (3).
Second Target (T2): 7.38 — A higher extension level if Wave 5 extends further.
RRR is approximately 3:1, providing a strong risk-reward profile.
Invalidation:
If the price breaks below the Wave 4 low (~5.15), the Elliott Wave count may be invalid, signaling a potential reversal or deeper correction. then we cancel the trade
Trade Management Note:
As Wave 5 progresses, partial profit-taking at key levels (e.g., 6.60) is recommended while trailing the stop loss to lock in gains.
Remember!
"Successful trading is about planning your trade and trading your plan. Stick to the strategy, trust the analysis, and let the probabilities work in your favor. Consistency and discipline pave the way to trading success."
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Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Always perform your own analysis and consult with a licensed financial advisor before trading. Trading involves significant risk, and you may lose more than your initial investment.
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away.
FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry.
FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do!
Bullish Orderflow:
EWT analysis & macro forecasting: