barefootTrades

barefootTrades Updated 

If you understand Elliott waves, the chart labelling is self explanatory. A textbook Elliott wave impulse pattern with missing 5th wave of the 3rd wave. Thanks for reading, will update as price develops further.

barefootTrades

3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...

barefootTrades

Got clarity since my initial idea (linked below) on January 12, 2024 . The alternative view presented there played out. For now price seems to be in wave 1 of larger degree wave 3. Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea. Shall update the idea as price develops...

barefootTrades

this one continues to make new highs and more to come. updated the Elliott Wave count, since my last update, as price developed further. price currently seems to be in final stages of wave (iii) in blue. Will update again as price develops. Thanks for reading!

barefootTrades Updated 

Bitcoin extended a bit more in 5th wave of wave (a) in blue since my last update. Despite this, overall trade idea remains same as before i.e. to short the blue wave (c). Alternatively, but less likely, blue wave (c) could also be force counted as completed. So trade with caution and managed risk.

barefootTrades

This is one of those clear Elliott Wave pattern to bet on. Recent break of May, 2022 all time high and impulsive continuation of price indicates the presence of wave 3. In my opinion the wave 3 is still in progress. Counting the internals of wave 3 is quite tricky at the moment so avoiding it for now. How to trade it ? I'd be waiting for a clear 3 wave pullback...

barefootTrades

CRYPTOCAP:BTC seems to be in a 3 wave zig-zag correction. A nice and clear setup to short the C wave before bitcoin resumes higher. Thanks for reading!

barefootTrades

Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up! Almost at the golden pocket, let's see how the price reacts from there. Great setup in my opinion with a clear invalidation level. Nothing much more to say, will update in a few days. Thanks for reading!

barefootTrades

This one played out very nicely. Actually to the T since my last update on 2nd January, 2024. Turned up in a very impulsive manner (as a wave 3 does) with very shallow pullbacks, hardly giving any chance to ride the train. For now Wave 3 seems to be complete and wave 4 correction is in progress. You know what's next if you understand Elliott Wave Principle. Will...

barefootTrades Updated 

4 months since I first shared my Elliott wave count on Angel One. The price has since moved beautifully in an impulsive manner clearly suggesting the presence of wave 3. In my opinion, blue wave (iii) is still in progress but may end soon (350 points more maybe) and the price may go sideways to consolidate in wave four. Thanks for reading!

barefootTrades

A very clear 5 wave Elliott Wave structure in this one. Also the break of all time high adds more confidence to this count. Full EW count on the chart with a clear invalidation level. Thanks for reading!

barefootTrades

Bulls seem to be in control for Nykaa. This is a very aggressive bullish EW count with a series of 1-2 1-2 nests. Alternatively, it can also be counted as a 5 wave up (with no nests) shown as the red count. However, this alternate count will still not change the bullish case. Will update the count as it develops. This is definitely on chart to keep an eye...

barefootTrades

IRFC has been in a nice uptrend. Here I have my EW count from the 26th October, 2023 low. IMO it seems to be in the final stages of wave 3 in red, wave 3 of 5 of 3 to be precise. Will update the count later as it plays out. Thanks for reading!

barefootTrades

price moved up to new all time highs suggesting an impulsive move to be seen in the coming months. Also the count is a very premature one as the price can get as bullish as it could. Not much to update as of now, shall update as the chart develops. Thanks for reading!

barefootTrades

Nifty is not done yet as per this count and there's clearly more upside to be seen in coming weeks. Alternatively an expanded flat in red wave iV cannot be ruled out for now, which however would still lead to more upside later. I will update the chart as it develops further. Thanks for reading!

barefootTrades

Stock seems to be getting ready a move higher in wave (iii) of 3 (the most powerful move). Currently the correction in wave (ii) might have been completed as shown on the chart or could make a lower low to complete the correction. Break of wave x at 850 would add more confidence to this idea. Regardless of the shorter time frame, the stock seems to be getting...

barefootTrades

With the recent break of red wave iii high, the pattern seems to be a 5 wave move up from March, 2023 lows. Also patten preceding the impulse wave seems to be in 3 wave (zig-zag correction) hence adding more conviction my current wave count. A break of all time high at 2022 will add more confidence to this view. Will update the chart as it develops...

barefootTrades

I spot a clear 5 wave structure since March, 2022 lows. Clearly indicating that there is more upside in the coming months. A very simple and clear structure in my opinion.