An analysis to try understand where long term buy / sell / accumulate periods are.
Strat takes into consideration halvings since genesis, and assumes a regular monthly income to be utilized for strat.
EW is flagging beautifully just under the major $87 pivot. Made two nice gaps up after a similar flag broke to the upside. Showing great relative strength on a nasty market day as well. Target $95
Bajaj FInance is in a long term flat correction which started from late 2021 & it can continue for few more months.
It loks like in Wave C where it can make a 5 wave fall. Minimum target should be 6443 of this pattern but seeing the impulsive wave it shouldn't stop here & we can see straight fall to 5800 levels then later on 5200-5300 levels. This pattern can go...
Nifty may have/ completed wave b of the Flat correction.. it can still go for 22300-400 levels but w=y equals at exact high..
So we can fall 1000 points again in the coming week..
Risk reward look excellent if todays closing is below 22124.
ITC can start a new run after results if holds 435 levels..
Buy in 4440-445 range with 435 stop los short term or 425 medium term with a target of 500 to 530 levels..
Icici bank may start a new journey to new highs if it holds previous low of 975..
Risk reward looks excellent to buy in 980-990 range for 1030 1065 Targets..
Stop loss should be 975
Tesla had a nice rally from 100 to 300 in an impulsive wave up after an ABC corrective wave from the all time high. Since hitting 300 price has moved down in a corrective wave lower. This move is a wave 2 and could go to 180 ( 76.4% of wave a of 2 + 61.8% retracement of wave 1 ) or even to 150 ( equal legs inside wave 2 + 76.4% retracement of wave 2 ).
Line in...
Gnfc did a 3 wave decline * held support at daily ichimoku cloud.
Now if id doesn't breaks the low of 712 we may see levels as mentioned in blue line atleast highs of 3rd wave which are 815..
Risk reward is more than 1:6..
Enter anywhere in range of 715-728
Stop loss 712
Target 815 to 888
Back in 1968 the two major proponents of the Elliot Wave theory concept where divided as to the wave count of the DJIA.
While AJ Frost would consider the 1966 peak as Wave B of an irregular top in a flat correction, Hamilton Bolton was looking at it as the 5th wave of a bullish impulse.
One thing is certain, while they disagreed on the count they both agreed...
Hello,
Been a while since i Have posted, but it has equally been as long since Bitcoin did anything tremendous. Overall, I think this move up is a part of an internal corrective zigzag structure that could lead to FWB:21K on the daily tf.
After that, I would look to potentially FWB:42K area as a potentially higher tf zigzag structure on the Weekly. There...
Good day traders,
Is it now time to buy ATOM? I think so, at least a couple of counts suggest so. The correction was almost twice longer by time (90d) then the first wave (53d) and quite furious (68.6%). At the first glance I thought this is going to be a simple zigzag, but it turned out to be a flat ABC with the C wave as ending diagonal, which might just have...
Gold: TF: M15(15 minute) is down Trend so we need to Sell. For ShortTerm
you can let profit run if it goes the right way! until it breaks the downtrend.
*Need CF, Shouldn't Pending.
Must Do:
1. Money Management
2. Stick to the plan
3. Set Alert
4. Do something else
Have A Bright Day. ⭐
Based on Current trend, BTC has Strong inclination to move upwards and Reaching a new high around 40k-42k Level at the last leg of the first EW.
Trade at your one risk
