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Nifty Defence Index: Wave (5) UnfoldingHello Friends, Welcome to RK_Chaarts, Today, we're diving into Nifty India Defence Index analysis using Elliott Waves and price action. Just a heads up, this is purely educational, not advice. On the daily chart, we've potentially completed intermediate degree (Blue) waves (1), (2), (3), & (4) and wave (5) is unfolding. Breaking it down further, within wave (5) Blue, Minor degree waves 1-2 seem done, and wave 3 is in progress. Specifically, we're seeing a potential 'third of third' wave in action. - The chart shows a compelling double breakout - one Slantind down trendline from the all-time high and another Neckline of Inverse Head n Shoulder. - Dow Theory's in play too, indicating an uptrend with higher highs and higher lows. The June 2025-December 2025 downtrend has broken out. - Aligning Elliott Waves, Dow Theory, and price action - the Defence Index looks bullish.๐Ÿ˜Š - Invalidation level is low of wave (4) Intermediate degree (Blue) which is pegged at 7285.70. 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 RK๐Ÿ’• 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_Chaarts 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_Chaarts 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.
NSE:NIFTY_IND_DEFENCELong
by RK_Chaarts
Elliott Wave Perspective: USD IndexHello Friends, Welcome to RK_Chaarts. Today, we're analyzing the US Dollar Index chart from an Elliott Wave perspective - just for learning, a possible perspective, not a tip or advisory, okay? On the Monthly timeframe, we're in corrective wave 'a' of Cycle degree (Red) downwards. Zooming in, on the Weekly timeframe, we've completed waves ((1)), ((2)), ((3)), ((4)), and are now unfolding wave ((5)) of Primary degree (Black) within wave 'a' of Cycle degree (Red). Within ((5)) of 'a', we should see five subdivisions of Intermediate degree on the Daily. So far, we've completed waves (1) and (2) of Intermediate degree (Blue). Currently, we're in wave (3) of Intermediate degree (Blue) downwards. If our count plays out, the price shouldn't cross above 100.395, the high of wave ((4)) Primary degree (Black). We're using this level as an invalidation point for our count. If valid, we'll continue the downward journey, making lower highs and lower lows. 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 RK๐Ÿ’• 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_Chaarts 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_Chaarts 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.
TVC:DXYShort
by RK_Chaarts
AUDJPY 1H - Sell the retrace1) ๐Ÿ“Œ Chart & context AUDJPY looks like it completed a 5-wave decline from ~110.83 down to ~107.70 (wave V). After a 5-wave move, I usually expect a 3-wave corrective bounce (ABC) before the next bearish leg. 2) ๐ŸŒ€ What phase are we in? Current price action looks like an ongoing upward correction. Iโ€™m not interested in shorting the low, I want the bounce to finish, then look for shorts. 3) ๐Ÿ“ Correction zones Iโ€™m watching (Fib confluence) From the decline, key retracement levels line up as a clean โ€œsell zoneโ€: โ€ข Primary zone: 108.89 (price already touched it - but I suggest that correction is going) โ€ข Extended zone (if correction stretches): 109.26 โ€“ 109.64 (50% โ†’ 61.8%) 4) โœ… Trading plan Wait finished correction, and consider short positions. 5) ๐ŸŽฏ Targets โ€ข Target 1: 106.15 โ€ข Target 2: 104.22 6) โŒ Invalidation / stop logic โ€ข Practical approach: place the stop above the correction high (whichever zone tops out). โ€ข If price breaks and holds above the extended zone, the bearish continuation idea becomes weaker. โœ… Trade safe. โœ…
Short
by ProTradyX
4
XRP Macro Correction. Expanding Flat ScenarioThis chart explores a potential expanding flat correction on XRP at the macro scale. Wave B has exceeded the start of Wave A, which opens the door for an expanded flat structure. In this scenario, Wave C could extend toward the 1.618 projection of Wave A (a common termination zone for expanding flats). Key intermediate supports are marked, as C waves can terminate earlier if strong demand appears. One such level at the 1.382 extension has already produced a reaction, including a daily close back above . A constructive sign, though not definitive. The move occurred on increasing volume, which can be consistent with a third-wave type decline, leaving the possibility of one final leg down to complete the structure. Invalidation and confirmation levels are shown on the chart. As always, this is a scenario, not a prediction! Market structure will determine the path. Alternative counts remain possible, and I welcome constructive discussion. Thanks!
COINBASE:XRPUSD
by RedBait
1
AUDUSD (15m) - watching for shorts1) ๐Ÿ“Œ Context On the 15m chart, AUDUSD appears to have completed a 5-wave decline from 0.71476 โ†’ 0.700436. After a 5-wave move, a corrective bounce is typical, and it looks completed / nearly completed now. 2) ๐ŸŒ€ Structure (Elliott Wave read) โ€ข Impulse down: (1)-(2)-(3)-(4)-(5) into 0.700436 โ€ข Current move: upward correction back into resistance 3) ๐Ÿ“ Key confluence The correction is now reacting around: โ€ข 50% Fibonacci retracement, and โ€ข the prior Wave 4 area โœ… This is a common โ€œfade zoneโ€ where corrections often stall before trend continuation. 4) ๐ŸŽฏ Trade idea โ€ข Bias: Short โ€ข Preferred entry: on rejection / bearish confirmation from the 50% + Wave 4 zone โ€ข Target 1: 0.69946 5) โŒ Invalidation (practical) If price holds above the correction highs and keeps pushing higher, the short scenario becomes less attractive. โš ๏ธ I don't really like 15 minute charts, too much noise. It is the scenario, not a signal
Short
by ProTradyX
BCHUSD (4H) - Zigzag correction into 50โ€“61.8% retracement1) Chart & context I removed unnecessary indicators to keep the chart focused on structure. Iโ€™m tracking waves + Fibonacci and waiting for a high-probability formation. 2) Structure (Elliott Wave read) โ€ข BCHUSD appears to have completed a 5-wave decline from ~687 to ~424. โ€ข Price is now forming a 3-wave corrective move (A-B-C) that resembles an upward Zigzag. 3) Fibonacci confluence Using Fibonacci retracement from 687 โ†’ 424, the correction is moving into the 50%โ€“61.8% zone (optimal retracement area). This fits EW expectations: after a Zigzag reaches a key fib zone, the correction often ends, opening the door for the next move down. 4) Trade plans (two execution options) Option A โ€” Early entry (aggressive) โšก โ€ข Bias: Short โ€ข Entry: Current / near the top of the fib zone (on rejection) โ€ข Stop-loss: Above 687 (invalidation) Option B โ€” Confirmation entry (conservative) ๐Ÿ›ก๏ธ โ€ข Trigger: Break below wave B (~493) โ€ข Entry: After the break, wait for a small pullback/retest, then short โ€ข Stop-loss: Above wave C high (tighter risk than Option A) 5) Note on the wave count Yes - what we label as wave A can always evolve into wave 1 of a larger impulse. However, current behavior looks more corrective: wave B topped near the 38.2% fib, which is more typical of a zigzag than a clean 1โ€“2 continuation model. 6) Targets ๐ŸŽฏ โ€ข Primary target: Below 424 โ€ข Optional: scale partials if structure confirms momentum. 7) Invalidation โŒ โ€ข A sustained move above 687 invalidates the bearish scenario. 8) Risk note โš ๏ธ This is a scenario, not a signal. Manage risk per your rules. โธป If this idea was useful, please boost/like and follow for more insights and setups.
COINBASE:BCHUSDShort
by ProTradyX
Diageo - Bullish EW Count - 12/02/2026This is not financial advice, always do your own research This drinks giant is primed for an upwards move with a valid count for this most recent multi-year correction. Will market players be frontrunning the anticipation of earnings recovery in FY27? A few technical points to analyse: Complete counts of waves 1-5 and ABC (consistent on lower timeframes). RSI potentially closing this month above the bearish control zone for the first time since July 2023. MACD indicator potentially closing this month with an upwards cross of the moving averages and a green histogram bar. Currently, we are frontrunning these indicators. A weekly chart of the correction count - while the MACD is messy, note that the RSI has entered the bullish control zone with potential confirmation on monthly close: If this count idea is validated with a significant upwards move, we may begin evaluating the next phases based on the wave structure that appears:
LSE:DGELong
by fvideira
EURUSD, technical analysis 1WHellou traders, We bring you an important technical analysis of the EURUSD currency pair. The value of this asset reached the key level of 1.19, where was a significant reaction. According to Elliott waves, we can see that the abc structure is complete, absolutely perfectly 1:1 = A:C. The RSI indicator also indicates a bearish divergence. The downtrend in the long term also persists. Liquidity was taken. One unclear fact in the chart is still unfilled price GAP - we must be careful and cannot just ignore it, it is theoretically possible that the price will come through it. The conclusion is that the chart shows all the parameters leading to a downtrend. What do you think about it? We will gradually bring you more current analyses from other charts and time frames. So don't forget to follow us! Thanks WavePulse
Short
by WavePulse
1
S&P 500 - Should I be getting in right now?Price continues higher, holding above both the 60-day and 250-day EMAs, but momentum is fading: RSI + MACD divergence Open interest down by 500k (CFTC report) - w/c 23rd September. Shorts likely getting squeezed = price up, participation down. Elliott Wave count suggests we're in the 5th wave of the 3rd impulse โ€” still bullish, but a Wave 4 correction could be next. ๐Ÿ“ Key level to watch: 5,481 (re-entry into Wave 1 territory = count invalidation)
CBOE:SPXLong
by jngtrading
NASDAQ 100 (1W) โ€“ Elliott Wave + Smart Money Analysis by FIBCOSThe index (NASDAQ) continues its macro impulsive structure, now expanding through Wave (3) โ€” targeting the 2.618 Fibonacci extension near 26,997( 27K ). Smart Money is driving this leg with clear bullish order flow, creating multiple Fair Value Gaps and Breaks of Structure along the way. After this expansion, we expect a Wave (4) correction between 22,000โ€“17,500, where institutional demand zones await for re-accumulation before the next macro bullish leg (Wave 5) toward 35,000โ€“38,000. ๐Ÿ“Š Confluence Highlights: Wave (3) โ†’ 2.618 extension (target zone: 26.9Kโ€“27K) Wave (4) โ†’ 0.382โ€“0.618 retracement (zone: 22Kโ€“18K) Wave (5) โ†’ 1.618 projection (target zone: 35Kโ€“38K) ๐Ÿง  Elliott Wave Theory Interpretation โ‘  Wave (1) โ€” The Initial Expansion (2020โ€“2021) Early bullish impulse following pandemic recovery. Represents Smart Money accumulation followed by a breakout. Retail participation remains limited; institutional footprints dominate. โ‘ก Wave (2) โ€” Corrective Pullback (2022โ€“2023) Sharp decline toward the 0.618 Fibonacci retracement zone. This phase was a liquidity grab โ€” Smart Money re-entering after shaking out weak hands. Price formed a higher low , maintaining long-term bullish structure. โ‘ข Wave (3) โ€” The Power Leg (2023โ€“2026) The strongest and most extended wave โ€” aligned perfectly with the 2.618 Fibonacci extension (~26,997 zone). Confirms institutional markup phase , where: Retail short sellers are trapped. Fair Value Gaps (FVGs) are created during impulsive moves. Continuous Break of Structure (BOS) validates bullish order flow. Smaller degree sub-waves (1โ€“5) visible inside, confirming internal impulse rhythm. โ‘ฃ Wave (4) โ€” The Upcoming Correction (2026โ€“2027) Expected macro re-accumulation zone , likely between 22,000 โ€“ 17,500 . Market may enter a sideways complex correction (Wโ€“Xโ€“Y)/(W-X-Y-X-Z) pattern. This is the Smart Money re-accumulation phase โ€” liquidity collection before the next macro expansion. Demand zones: previous unmitigated order blocks around 20,000โ€“18,000 area. โ‘ค Wave (5) โ€” The Final Expansion (2028โ€“2029) After consolidation, the index may aim for new all-time highs toward 35,000โ€“38,000 range. This represents a distribution phase , where Smart Money offloads positions near cycle tops. Expect divergence in momentum indicators , hinting at the end of the 5-wave structure. --- ๐Ÿ’ก Smart Money Concept (SMC) Confluence Concept | Observation | Implication Liquidity Sweep - Below 2022โ€“2023 lows (Smart Money accumulation confirmation) Order Blocks - 22,000โ€“18,000 zone {Institutional demand zone for Wave (4)} Fair Value Gaps (FVGs) During Wave (3) impulsive rise {Will likely get mitigated during Wave (4)} Break of Structure (BOS ) Continuous bullish BOS confirms institutional intent Premium/Discount Zones Current price at premium (above equilibrium) Ideal region for institutional profit-taking ๐Ÿงญ Smart Money Flow: Accumulation โ†’ Expansion โ†’ Re-accumulation โ†’ Final Distribution --- ๐Ÿ“ Fibonacci Confluence Levels Wave (3) โ†’ 2.618ร— extension of Wave (1โ€“2) โ†’ ~26,997 (expected macro resistance). Wave (4) โ†’ retracement likely between 0.382โ€“0.618 โ†’ 22,000โ€“17,500 zone. Wave (5) โ†’ projected 1.618ร— of Wave (1โ€“3) โ†’ 35,000โ€“38,000 . --- ๐Ÿงญ Market Outlook Summary Timeframe | Bias | Expectation Short-Term (2025โ€“2026) ๐Ÿ“ˆ Bullish Continuation toward 26,900โ€“27,000 Medium-Term (2026โ€“2027) โš  Corrective Re-accumulation phase, smart money reloads Long-Term (2028โ€“2029) ๐Ÿš€ Bullish Wave (5) macro expansion toward 35Kโ€“38K --- ๐Ÿ”– FIBCOS Summary > NASDAQ 100 Weekly Chart (Elliott + SMC) Currently expanding through a powerful Wave (3) toward the 2.618 Fibonacci extension (~27K). After completion, a macro correction (Wave 4) is expected, providing the next Smart Money accumulation zone between 22Kโ€“18K before the final Wave 5 expansion toward new highs beyond 35K. ๐Ÿ“˜ Disclaimer: Not financial advice. Educational purpose only. #FIBCOS #NASDAQ100 #ElliottWave #SmartMoneyConceptย #MarketAnalysis #MarketCycle #Fibonacci
NASDAQ:NDXLong
by fibcos
4
DXY โ€“ Post-Fed Cut: Whatโ€™s Next for the Dollar?The Fed has cut rates โ€” but the dollar didnโ€™t flinch. No major reaction, which suggests the move was priced in. I currently see two possible scenarios unfolding on DXY: Scenario 1: Triangle Completed โ€“ More Downside Ahead If weโ€™ve finished a triangle correction, a break below 96.20 could confirm the move and open up downside toward $95โ€“$92. Chart: Scenario 2: Ending Diagonal in Wave 5 Alternatively, the recent low may mark the end of a 5th wave diagonal, completing Wave 3 of the broader decline. If so, we could see choppy corrective action before any larger moves. Chart: Key level to watch: Break below $96.20 If price closes above $100.25 I will review the analysis as this may indicate the downward trend is complete.
INDEX:DXYShort
by jngtrading
Wave 3 Dynamics: Understanding the Most Powerful WaveHello Friends, Welcome to RK_Chaarts, For Learning and Practicing chart Analyzing, Today we are trying to Analyse the State Bank of India (SBIN) chart from an Elliott Wave perspective, we can see that the intermediate-degree Wave (3) completed at the June 2024 high. This was followed by a complex correction that ended at the March 2025 low, marking the completion of Wave (4). We are currently unfolding Wave (5), which will complete the higher-degree Wave ((3)) of Primary degree in black. Within Wave (5), we have five minor-degree subdivisions, which we can see unfolding. The first minor-degree Wave 1 completed at the 22nd April 2025 high, followed by a Wave 2 correction that ended at the May 9, 2025 low. We are currently in Wave 3, which is a dynamic wave with strong momentum. Within Wave 3, we have five minute-degree subdivisions, which are unfolding. The first two subdivisions are complete, and we are currently in the third subdivision. The characteristics of Wave ((iii)) of 3 are evident in the price action, with a strong breakout above the resistance trend line and good intensity of volumes. The Moving Convergence Divergence (MACD) is also positive, and the Relative Strength Index (RSI) is above 60, indicating strong momentum. The daily Exponential moving averages (50 and 200) are also aligned in favor of the trend. All these parameters support our view, and we can see an inverted head-and-shoulders pattern or a double rounding bottom pattern unfolding. Overall, the breakout looks promising, and we can expect further upside in SBIN as per Elliott wave theory. Detailed wave counts on chart Primary Characteristics: 1. Strong Momentum: Wave 3 is characterized by strong momentum, often leading to a rapid price movement. 2. Impulsive Price Action: Wave 3 is typically marked by impulsive price action, with prices moving quickly in one direction. 3. Increased Volatility: Wave 3 is often accompanied by increased volatility, with prices fluctuating rapidly. 4. Breakout above Resistance: Wave 3 often begins with a breakout above resistance, leading to a rapid price movement. Secondary Characteristics: 1. Longest Wave: Wave 3 is often the longest wave in an impulse sequence. 2. Most Dynamic Wave: Wave 3 is typically the most dynamic wave, with the strongest momentum and largest price movement. 3. Highest Volume: Wave 3 often occurs with the highest volume, indicating strong market participation. 4. Fewest Corrections: Wave 3 typically has the fewest corrections, with prices moving rapidly in one direction. Behavioral Characteristics: 1. Market Participants become Aggressive: During Wave 3, market participants become more aggressive, leading to increased buying or selling pressure. 2. Emotional Decision-Making: Wave 3 can lead to emotional decision-making, with market participants making impulsive decisions based on fear or greed. 3. Market Sentiment becomes Extreme: During Wave 3, market sentiment can become extreme, with market participants becoming overly bullish or bearish. Keep in mind that these characteristics are not always present, and Wave 3 can exhibit different traits depending on the market context. Here are some snapshots shared below to understand the concept & example Largest wave among wave 1-3-5 Strong Momentum like 90 degree move, Vertical move, Rapid move & Dynamic move Breakout with good volumes Price trading above 50, 100 & 200 Day Exponential Moving Average RSI Breakout on Daily RSI Breakout on Weekly MACD weekly MACD Daily Pattern Repeating 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 RK๐Ÿ’• 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_Chaarts 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_Chaarts 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.
NSE:SBINEducation
by RK_Chaarts
6