Hello traders, For USDCAD i will be entry only sell positions if the invalidation level has not been broken (The body candle must close above the invalidation level) This move will complete a deep pullback after completing 5 impulse wave
Has Elliott Wave Lost Its Forecasting Accuracy? I cannot recall the exact setting, but many years ago I was asked this specific question… ” …as the number of practitioners of Elliott Wave Theory grows due to its popularity, won’t more people be trading these wave patterns and in doing so, somehow skew the theory’s efficacy”? It’s a great question. One...
Wave 5 may or may not be completed. Therefore its neither bullish or bearish.
Price in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the...
Now ADA is on going wave B of 5 correction wave, there'll be 1 leg down to complete wave 5 overall Dont Fomo! Correct me If i'm Wrong 😉
Since Last Few Days, Banknifty trading in broadening wedge pattern. Currently it's trading near resistance level. - Downside Fall Rally Can Be possible upto 43000 level if banknifty gives reversal from this level. Based on structure of pattern more chances of downside in banknifty. - Upside rally only possible if banknifty gives breakout of this resistance...
🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the price broken this channel, the price can grow well. ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th...
According to Elliott's analysis, there is a final upward wave remaining, and thus there will be three historical corrective upward waves, A, B and C, from which the drain begins to fall again near its historical bottom. Let us see
KAVA must flip .91c then it will confirm my wave 3. Because the rest of the crypto markets are very bullish, their are many lagging 2021 coin and also 2017 coins. I think they will catch up soon.
Currently unfolding V Wave On H4 DAX. I'll watch for end of V Wave, I would like to see divergence on RSI and 5Waves with overlap as end of impulsive wave V. If you play longs on lower TFs be carefull for overlaps and watch out for dump on the end of V. Also keep in mind Invalidation levels. More info in Chart
There are three bullish confluences that you can see on this chart. 1.According to Elliot wave model the stock is taking off in wave III of 3. 2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.) 3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.)) The stock can give a swift...
BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways. This is not a buy sell recommendation please ask your fin. advisor for more information before going for a trade.
Excuse me! An interesting picture has been drawing in front of me for days. According to my theory and analysis, an elliot wave may be true for FETUSDT. As part of this, we may now be in a correction. I am attaching pictures of the details below. First picture $0.60 resistance Second picture Liquidation image Third and fourth picture Elliot wave in more...
In my previous update on DXY, I had expressed that wave 'z' had truncated on Nov 1. and that should mean the beginning of the fall for DXY. Well from the truncated 'z' top the DXY has now fallen in a 5-wave pattern(Elliot wave theory). While this in longer term suggests more downside for the dollar index(93$ according to me), in the short term one must remember...
OANDA:BTCUSD Bitcoin is in the final stages of completing wave 4 within a triangle pattern. To confirm the completion of the triangle and the resumption of the trend, the price needs to surpass wave D, which is at 37785. Once the price goes above this level, it will provide confirmation, and I will share my updated view, including the target for the next move.
A picture says a thousand words. Well, I have have tried to depict everything i need to say about this stock onto the chart. To summarize it, we are currently near 61.8% retracement of the impulsive wave we saw in the stock between Mar.2022 till May 2023.A new impulse wave from here (wave 3) is expected to begin that should take the stock towards the 600 mark in...
The stock had its last impulse move in may 2023 which was a quick 40% move in a month's span. From July end till mid Nov. the stock underwent a zig zag(Elliot wave) correction and corrected 50% of the impulse. Now this week the stock is setting out very strongly in the 'wave iii' mode. The recent volume on this stock is unmatchable to any of its recent months...
From a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below...