A single zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The subwave sequence is 5-3-5, and the top of wave B is noticeably lower than the start of wave A,
#Elliott #Wave #Analysis of #Relaxo Industries Ltd.: I hope this message finds you well. I would like to share with you a technical analysis of Relaxo Industries, shedding light on recent market movements and potential future trends. Please note that I am not a SEBI registered analyst, and it is advisable to consult with a certified financial professional for any...
Looking for small correction currently in B wave (red). Nice swing trading set ups in current trend
The chart has formed a head and shoulders pattern. The price has previously break the down-trend to retest form an up-trend. Send us a message If you have any question, we will be happy to answer them. Note: If this content is very useful for you, please like, comment and share!
Until we get a wave iv of v of 5 that can take more traders out, consolidate more than a couple days, we're going to continue to extend. It is now conceivable we get a $7-handle on this company before it dumps. Unfortunately, this doesn't haven't a happy ending. Best to all, Chris
Elliot wave analysis indicates that NYSE:UBER is currently in wave 3, Following a rebound from the 0.764 extension, it becomes evident that Uber is poised to advance towards the 1.618 extension, with the potential for further extension beyond, considering the substantial duration of the initial wave.
Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is...
Harley-Davidson is just starting to take off in wave III. The initial "wave I'' was witnesses in the stock through the period between late Oct-late Dec. Wave II was a mere 38.2% retracement of the impulse(a sign of strength) and now the corrective pattern of the wave II seems to have completed all legs. Wave III projected target zone comes to approx....
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of...
TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA) A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will...
Regular Flat : Elliott Wave Correction Identified By student which shows the complete formation of Elliott wave flat correction which is following basic the rule of subdivision of wave as 335 . Although Find the basic rule for flat correction for your prectice : REGULAR FLAT : 1- A Corrective 3 waves move labelled as ABC 2- Subdivision of wave A and...
Icici bank may start a new journey to new highs if it holds previous low of 975.. Risk reward looks excellent to buy in 980-990 range for 1030 1065 Targets.. Stop loss should be 975
The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path. The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) . From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and...
The CAC40 has begun its up journey in what is being labeled currently as wave iii of WAVE 3. This particular sub-dividing leg is projected moving towards EUR8100-8150 zone. The final projected target zone for the bigger wave 3 however comes in at a much higher level of EUR 8750.
The TAIWAN market index(TWSE) is spotted moving up in wave iii of wave 3 structure. The last impulse in the index(wave i of wave 3) was seen during the months of Nov-dec and then came a subsequent correction of the same that retraced 38.2% of the rise. Now that the corrective wave ii is done, the index has started the rise again in wave iii. Wave iii of 3 can be...
This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and...
This analysis reflects my perspective on NYSE:DAL through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Please note that the unfulfilled waves are provided for contextual reference and do not indicate precise targets. Based on my assessment, it appears that NYSE:DAL is currently in...
In terms of wave counting by the NEoWave method, Bitcoin is in the position of wave (d) of a neutral triangle pattern, and currently a correction is taking place within this wave. With the completion of this correction, it is likely that the price will move towards the target of $6000-66000.