Elliott Wave Analysis of EURUSD
This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and individuals should consult with a financial advisor before making any investment decisions.
Current Analysis
Based on the provided Elliott Wave chart, we've identified the following:
Completed Waves: Waves...
From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4.
Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the...
The Large Triple Correction WXYXZ in BTC is a formation often used in Elliott Wave Theory to describe a major corrective move. This formation refers to an extended series of sub-waves in a large correction. The general structure consists of five waves: W, X, Y, X, Z, representing a more complex corrective process. The typical behavior is as follows:
W: The...
In another scenario, if we successfully complete the submicro level of the first impulsive wave, we'll be anticipating a 1-2 pullback as the next potential move.
If this is an actual impulse with 5 total waves, then the recent pullback to a 38% retrace of wave(3) to complete wave(4) on the lower end of the channel was nothing unusual.
If price falls out of the channel and under (4) it's very likely the move up from the lows was an ABC move.
Upside of 100k for wave(5)? Stay within the channel and let's see.
After the bearish move that oil prices experienced until the fifth of August, it seems like the price has initiated another bullish move, which currently appears to be an impulsive wave.
However, it should be noted that even if this bullish move is an ABC corrective wave, it makes no difference since the price could still go higher to complete wave C.
Therefore,...
Price recently managed to break above the bearish trendline that previously kept it lower during the recent bearish corrective move.
Now that the price has broken above this counter-trend trendline and formed a bullish impulsive move, we can wait for wave 4 to complete and try to benefit from the fifth wave.
Let me know if you would like me to publish an...
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
This is my prediction for GBPNZD for the next couple of days.
As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow.
Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow.
From there, we could...
WIPRO multi time frames charts updated
Weekly Chart
Daily Chart
4 Hourly
60 Min
In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only.
Overview:
After a significant decline...
Technical Analysis of Piramal Enterprises (NSE: PEL)
This analysis is shared for educational purposes only and should not be considered financial advice.
Overview
Piramal Enterprises has shown a promising breakout with significant volume, indicating strong bullish momentum. The Elliott Wave analysis also suggests a positive structure, pointing towards...
I am bullish on Bitcoin.
Bitcoin looks exactly like gold after it broke its all-time high and retested for support.
I expect a significant upward move very soon.
Stay profitable.
Technical Analysis of Polyplex Corporation Ltd.
Elliott Wave Counts and Structure
The chart illustrates a possible Elliott Wave count on a weekly time frame, identifying key waves and corrective patterns. Here’s a detailed breakdown:
1. Primary Wave Structure:
- The chart shows an unfolding five-wave impulsive structure, with Waves (1) through (4)...
Laxmi Organic Industries Ltd. has completed wave (1) in blue Intermediate degree on the weekly chart from its inception till the peak in September 2021. Wave (2) has completed at the bottom in June 2024. We are now possibly starting to unfold wave (3) in blue Intermediate degree on the weekly chart, which is generally a strong impulse wave.
Wave (3)...
I think that NYSE:XPEV completed the Elliot WXYXZ correction wave in April 2024, which started in July 2023.
I think that the major Elliot wave, which I am currently showing with the red line, has started 3 impulse waves. I think that this 3rd impulse wave will make the 1st wave. This impulse movement can take NYSE:XPEV up to $13-$15.
Take Profit Point...
Hallo everyone,
markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past.
Also my wave count is pointing to an fifth wave of a fifth...
