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Impulsewave

S&P500 | Mild CrashRisk assets looking to sell off as the stock market tops out around $6,800. Current price action is only pulling back to test sellers again and we should see a continuation in selling until mid November and hopefully to see a Christmas rally to end the year off. Since price action awfully looks similar to '24 - '25 Fractal we could say the SPX will look to top next year February/March also considering we're on correction 4 in the Elliott Wave Theory. Would like to see the S&P bottom out around April - July months of next year at $5,600 if we can continue the bullish parallel trend.
OANDA:SPX500USDShort
by Nathanl19
DKNG Update | Crash AheadOne of the best fractal overlays I've seen with some Elliott Waves to go with it. Price is still in a uptrend but with growing sellers It'll come to an end similar to the last fractal. During the 3rd wave in the last pattern price experienced its first pullback at (B), and its second at correction wave 4 and the third after the last wave before we witnessed the last push in buyers. This current cycle price is in a similar stage with a swing low at (b) meaning that we could see another run-up towards major resistance ($63). This would be the final blow-off-top in general markets. TVC:RUT is already showing signs of weakness which works well with this TA example. When the time is right I'll do another TA for the downfall. For now I'm bullish but for the horizon I'm very bearish.
NASDAQ:DKNGLong
by Nathanl19
7
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 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_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
Elliott Wave Analysis: Balkrishna Industries LimitedHello friends, Welcome to RK_Chaarts, We're analyzing the chart of Balkrishna Industries Limited from the perspective of Elliott Waves. Here's what we've observed: we've completed Primary Degree Wave ((3)) in Black at the peak of August 2024. Following that, we've witnessed a complete bearish and sideways movement, culminating in the low of April 7, 2025, which marks the end of Primary Degree Wave ((4)) in Black. We've now initiated Wave ((5)) in Black, which should unfold as five Intermediate Degree subdivisions (1) to (5) in Blue. Furthermore, within Wave (1), we should see 1,2,3,4,& 5 Minor Degree subdivisions in Red. As we can see, we've marked Red Wave 1 as complete, and Red Wave 2 is almost complete. According to Elliott Wave Theory, Wave 2 has retraced less than 100% of Wave 1, which is a valid point. Our invalidation level will be the low of Wave ((4)) in Black at 2150. Since April 7, the price has made an impulsive move upwards, forming a high on May 9, 2025. We've labeled this as Minor Degree Wave 1 (in red). Within Wave 1, we've identified a lower degree, Minute Degree (in black), with subdivisions ((i))-((ii))-((iii))-((iv)) & ((v)). Following Wave 1, a corrective move has unfolded in a 3-3-5 structure, specifically a flat correction. We've labeled this as Wave 2. If the price doesn't break below the low of Wave ((4)) (2150), and instead forms a higher high, it will increase the likelihood that our wave count is correct. However, if the price makes a lower low, it will introduce a doubtful scenario. We've observed that Primary Degree Wave ((3)) in Black, which we identified at the top, has led to a corrective fall in Wave ((4)) in Black. Within Wave ((4)), we've labeled an Intermediate Degree (W)(X)(Y) correction (in blue) with subdivisions. This can be classified as a Double Three pattern. Furthermore, within the (W) correction, we've identified another Minor Degree WXY pattern, and within the (X) wave, another WXY pattern. The (Y) wave has an ABC minor pattern. Additionally, we've noticed a slanting resistance trend line, which has been broken with the arrival of Wave 1. Given the significant decline in price, market sentiments have likely contributed to the unfolding corrective structure. If the price forms a higher high, it will increase the likelihood that our potential Elliott Wave count is correct. Elliott Wave analysis is always like solving a puzzle, requiring us to unfold the structure and make educated guesses about the emerging pattern. If the price breaks below the Wave ((4)) low 2150, our wave count will likely change. Until the price remains above this invalidation level, we'll continue to follow this wave count. If the price crosses the Wave 1 high, we'll have full confidence in this wave count. In this study, we've applied Elliott wave theoretical structures to identify a potential scenario. However, markets can be unpredictable and may surprise us at any time, leading to new scenarios emerging. The information, chart, and study shared in this post are solely for educational purposes. Our goal is to demonstrate how we plot market movements and make informed forecasting about future trends using Elliott Wave theory. If our predictions prove accurate, we can refine our wave counts accordingly. Conversely, if our predictions are incorrect, we will need to adjust our wave counts. Please note that this analysis is not investment advice, and you should always consult with a financial expert before making any investment decisions. 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_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:BALKRISIND
by RK_Chaarts
8
USDCHF Signals Wave 3 With Double Bottom!OANDA:USDCHF has not only formed a Double Bottom Pattern but also may be generating a potential Elliot Impulse Wave! Bulls are giving the April & June Lows of .8038 - .8088, another go for a second time today after surpassing the first attempted High created July 17th to break above the level. So far Price today has broken above July 17th Highs and if Bulls are able to hold this level, this would Confirm: 1) A Breakout of the Double Bottom 2) Wave 3 continuing the Impulse Wave in the Elliot Wave Theory! The Higher Low @ .79106 created on July 25th, broke the downtrend structure as a 78.6% retracement of the Lower Low @ .78719 created July 1st which was a new 14 Year Low, finishing Wave 2 and initiating Wave 3 of the Impulse Wave. The Extension of Wave 3 typically will end at the 1.236% or 1.618% level which gives us 2 potential Price Targets to start: Price Target 1) .81479 - 1.236% Price Target 2) .82213 - 1.618% Once Wave 3 has ended, we will look for opportunities at the Wave 4 - Wave 5 juncture!
Long
by Novi_Fibonacci
AUDJPY Begins Elliot Correction After Wave 5 Impulse EndsOANDA:AUDJPY seems to have started a Elliot Correction Wave after the Impulsive Elliot Wave came to a finish once Wave 5 ended this morning @ 93.774. Now after an Impulsive Wave ends, its theory that a Correction comes next and with Price having Retraced to the Golden Ratio creating a Lower High, this is the beginning signs of that theory in the works! The Sequence will be confirmed once Price Breaks below Point A @ 93.248 where then we should suspect Price to find itself back down into the 92 range where the Correction Wave should come to an end. RSI is trading back below 50 confirming Price has room to move lower strengthening the Bearish Bias.
Short
by Novi_Fibonacci
UJ Impulse Wave 5 IncomingFX:USDJPY seems to have finished Wave 4 being a Correction Wave of the Elliot Wave Theory and looks to be prepping for the start of Wave 5 being an Impulse Wave! Now Price has not only made a 38.2% Retracement to 143.6 of the 145.941 Swing High that ended Wave 3 but is testing Break of Previous Structure being Past Resistance attempting to turn it into Support if enough Buyers enter the market in this opportune area. Price Action during the Correction of Wave 4 has formed a Falling Wedge Pattern, typically seen as a Continuation Pattern. For this to be fact, we will need to see a Bullish Breakout to the Falling Resistance followed by a successful Retest of the Break where the Long Opportunities should present themselves. Once Wave 5 is confirmed, we can expect Price to work from here and potential reach the Potential Range Target of ( 148.662 - 150.245 )
Long
by Novi_Fibonacci
AUDCAD | Reoccurring FractalsWe're looking at 3 complete fractals and the fourth one being the current one. Same phase as the last, a bit of sideways trading/consolidation then aggressive buying breaking out to the upside. Price action has been trending upwards with HHs and HLs and we're currently at a Lower High bouncing off the lower trendline below. Would be ideal to look for long positions only for this setup as bulls are looking stronger from this view. ~300pips going into the 3rd wave.
Long
by Nathanl19
EURUSD 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
Long
by Tradelikemee
1
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.
NSE:NATCOPHARMLong
by RK_Chaarts
5
Start of the impulse wave | DB breakouthello fellow traders, Trent has taken support on ascending trendline and impulse wave of the bull swing at weekly time frame has started. The the DB neckline breakout at daily time frame was the trend change confirmation. The target 1 is 22% and target 2 is 42% from CMP respectively Risk reward ratio for the target 1 is 1:2.37 and target 2 is 1:4.75 The FNO strategy is below: Set the target values as shown in the chart to get the projected profits at the below link. sbull.co
NSE:TRENTLong
by the_paradox
Elliott Wave Outlook for RELIANCETechnical Analysis of Reliance Industries (RELIANCE) based on Elliott Waves This analysis is based on Elliott Wave Theory and is for educational purposes only. It does not constitute financial advice. Investing involves risk, and past performance is not indicative of future results. Always consult with a financial advisor before making any investment decisions. Elliott Wave Analysis The provided chart of Reliance Industries (RELIANCE) outlines a potential Elliott Wave pattern within a 1-hour timeframe. Elliott Wave Theory suggests that financial markets move in predictable and repeatedly patterns based on investor psychology. Key Observations: 1. Impulse Wave: The primary uptrend appears to be an impulse wave, a five-wave structure. Wave 1: The initial uptrend from the low point. Wave 2: A minor correction or pullback. Wave 3: A strong extension of the uptrend. Wave 4: A smaller correction. Wave 5: The final wave of the impulse, often ending with a climactic price movement. 2. Corrective Wave: The current downward movement was a zigzag corrective pattern. Wave A: The initial decline. Wave B: A minor retracement. Wave C: The expected continuation of the downward trend. Potential Scenario: If the current corrective pattern zigzag finishes here or near, then further wave ((3)) is to start post completion of wave (C) of ((2)), and it would not go sudden upside, because any impulse wave unfolds in five subdivisions, so wave (1) of wave ((3)) can start any time post completion of wave (C) of wave ((2)). Note: This analysis is based on a specific interpretation of the Elliott Wave pattern. Other analysts might have different interpretations. It's crucial to use multiple tools and indicators to confirm your analysis. Additional Considerations: Fundamental Analysis: Consider factors like company earnings, industry trends, and economic indicators to support your technical analysis. Risk Management: Always use stop-loss orders to limit your potential losses. Diversification: Don't put all your eggs in one basket. Diversify your investments across different assets. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. 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.
NSE:RELIANCELong
by RK_Chaarts