Okay, This one was #Requested by @Sensiiiii Here is all you need to know about NSE:POLYPLEX : - Stock depreciated about 60 % from its ATH - It filled the long due Gap and took support from it - Thence, It has been consolidating for 9 Months now - Price trading below 200 EMA a.k.a accumulation phase - The PE was 15 at ATH and after 60% Depreciation, it still...
Traders, turning our attention to the NASDAQ (US100), the 45-minute chart reveals an intriguing Elliott Wave pattern. It seems we've just witnessed the end of an impulsive sequence with wave (3) and a potential corrective wave (4) that followed suit. The market is hinting at a transition into the final leg, wave (5). From the look of the recent price action, wave...
Market Watchers, let's analyze the DJIA (US30) on the 15-minute chart. It looks like we're observing the Elliott Wave pattern playing out with an impulse sequence that might have recently finished with wave (5). This suggests that we could be entering into a corrective phase. The chart shows that we may be in the beginning stages of an ABC correction pattern...
Traders, taking a close look at the Gold market, it appears we’re seeing some classic Elliott Wave patterns unfold on the XAUUSD 45-minute chart. The completion of what looks like a corrective wave (4) could be setting the stage for the next bullish wave. With the price action breaking the descending trendline that connected the highs of the previous waves, we've...
As you can see, there is divergence on the downward MOEX:QIWI moving on the 1D graph with a high overselling. I'm expecting turning around and preparing of the baseline for the future leaps. Goal number 1 is 490, which can bring more than 100% during 1-1.5 years. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast...
Taking a look at the AUD/USD on the 15-minute chart, my Elliott Wave analysis tells an interesting story. We've seen a completion of what appears to be an intricate corrective structure with Wave (4), and the currency pair now seems poised for an impulsive Wave (5). Based on this pattern, I'm expecting a push towards the 1.618 Fibonacci extension at 0.64765,...
Turning our attention to the USD/CAD pair, the Elliott Wave Principle is hinting at a promising opportunity for a bullish trend. According to my analysis, we've just witnessed the completion of Wave (4), and the setup looks ripe for Wave (5) to take the lead. This final wave could surge towards the 1.618 Fibonacci extension level at 1.39893, a compelling target...
I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting...
Bitcoin's 15-minute chart showcases a potential end to an Elliott Wave impulse sequence, hinting at a bearish retracement. With wave (5) seemingly at its peak, attention now turns to the expected corrective waves. For traders utilizing Elliott Wave theory, this chart offers a prospect for a SHORT position. The anticipated corrective phase is typically composed of...
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move. The chart indicates that wave (4) is retracing...
Traders, let's take a moment to review the EURCHF on the 3-hour chart through an Elliott Wave framework. It seems we've just witnessed the end of a corrective phase with the completion of wave (4), and we might be on the cusp of a new impulse wave, potentially wave (5). The ascent from wave (4) looks promising as it suggests the start of a bullish impulse. I'm...
Hello traders! Analyzing the EURUSD chart with Elliott Wave theory, we've possibly completed the impulse sequence with the peak of wave (3) and have embarked on a corrective wave (4). The retracement is taking form, and I’m monitoring the key Fibonacci levels of 0.382 at 1.06882, 0.5 at 1.06815, and 0.618 at 1.06748 as potential turning points. The current...
Traders, it's time to dissect the GBPUSD chart with our Elliott Wave glasses on. On the 30-minute time frame, it looks like we've just witnessed the completion of an impulsive wave with the high of wave (3). As we navigate through the waves, we've potentially identified the start of wave (4), which traditionally is a corrective wave. The market seems to be...
Traders, today we're dissecting the USDJPY pair with an Elliott Wave perspective. On the 30-minute chart, it appears we've reached the crest of wave (5), indicating the completion of an impulse wave sequence. As the waves unfold, I'm spotting the initial stages of a corrective pattern. The chart suggests the start of a corrective (a) wave that could potentially...
Hello traders! I'm currently analyzing the USDCHF pair through the lens of Elliott Wave theory. It seems we've completed a classic 5-wave impulse sequence, with the chart showing a peak at wave (5). What I'm observing now is a potential corrective phase unfolding. The start of an ABC correction pattern is taking shape, with wave (a) suggesting a strong move down....
Fellow crypto enthusiasts, I'm currently examining BTCUSD with an Elliott Wave lens. The chart reveals that Bitcoin might have completed an impulse wave marked by the peak of (5), and we seem to be in the midst of a corrective ABC pattern. As the chart shows, wave (a) has made its move, and we’ve witnessed a rebound for wave (b), which suggests a potential for...
Hello, traders! Taking a closer look at the US100, I'm feeling optimistic based on my Elliott Wave analysis. After a rocky start, it looks like we've embarked on a new impulse wave sequence. We've witnessed a strong push upwards in waves (1) and (3), and it seems like wave (4) has just concluded as a shallow correction, staying above the 0.612 retracement at...
Hey traders! Diving into the DJIA (US30) chart, I’m currently bullish based on my Elliott Wave analysis. We've seen a robust upward move through waves (1) to (5), which leads me to believe we're now in a corrective phase, potentially carving out an ABC correction pattern. The completion of wave (5) was met with a swift reversal, indicating the start of our wave...