In my Elliott Wave analysis of BABA, I've observed a corrective pattern since its inception, with the peak occurring during the 2020 bull market. The correction seemed to have ended when BABA hit bottom in 2022. Following this, it appeared to start a new upward wave (wave 1), followed by a corrective phase (wave 2), which now seems to be complete. It's important...
Based on my Elliot Wave analysis of NYSE:BABA , it appears that the stock has been following a corrective pattern since its inception, with the peak occurring during the 2020 bull run. Since then, it has been in wave B, currently progressing into subwave C of wave B. The trend is strongly bearish, indicating a downtrend. I anticipate wave B to conclude around...
The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023. After this very fall the stock was in a complex triple three correction for almost 3 months. The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024. Wave "B" is projected going towards the INR 480 area. 580 will...
Navigating this chart poses quite a challenge given the intricacies of the candlestick formations. Despite this complexity, I've endeavored to apply my understanding of Elliott Wave Theory to analyze and potentially forecast future movements. However, I acknowledge the possibility of error, whether it's due to miscounting waves or other factors. I welcome...
This cement stock can be expected to move towards INR 1190 levels in wave iii of III. The stock has been maintaining its impulsive counts without much violations and is in very bullish structure. The stock was seen rising in a wave i of I from Sep-Dec 2023. Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a...
In my evaluation of BTC using Elliott Wave analysis, I've observed that following its peak in 2021, BTC underwent a significant correction on a larger timeframe. This correction could manifest as either a flat corrective pattern or an extended wave B. Presently, we find ourselves within sub wave C of the overarching wave B, specifically in wave 4 of sub wave...
NVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which...
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
This is just a quick and dirty take on the MNQ1! which could be the possible beginning of a wave 5 to new all time highs. Currently breaking out of bearish channel, which could be seen as a wave 4. Fibs and fib projections for wave 1-4 all seem to fit.
Nvidia is trading just shy of it's 1.382% Fib extension level at $609 where we would normally see a wave 3 terminate in the premarket. If price has designs to extend, it will more than likely do so in a wave 3. It will be interesting to see how this coincides with the broader SPX cash and futures market, which appears to be in the exact same scenario. The...
Weekly Time Frame: Elliott Wave Analysis: ABCAPITAL has completed wave (4) in Blue on the weekly time frame and is possibly unfolding wave (5) in Blue. Current Stage: A closer look at the daily time frame reveals the completion of wave 1 in Red, and a potential near-completion of wave 2 in Red. Invalidation Level: Strict invalidation set at the low of wave...
I have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an elongated wave B due to various sub waves, my expectation is for wave...
I have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an extended wave B due to various sub waves I have listed; my expectation...
As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top). Now, instead of following the pair...
The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023. Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I. The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months...
"Restaurant Brands Asia Limited" earlier known as "Burger King India" is currently showing a good setup and an upside potential of 45% from CMP. The stock had rallied nearly 60% between March-Sep 2023. This very rise was impulsive in nature and therefore labeled as wave 1 on the chart. Between Sep-Dec the stock went through a triple three correction(WXYXZ) and...
Bulls can keep pushing S&P higher in a subwave ( c ) of wave ( iii ) up targeting the next resistance at 5,209. However, I prefer a more complex and tricky Scenario 2 that first shakes off weak hands and only then starts a rally to 5,200 see the Scenario II:
Trend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR ...