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....
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...
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...
After completing the first upward Impulse wave, we've seen a downward correction in the form of Wave A, followed by a complex correction Wave B forming an ABCDE triangle pattern. Now, as the triangle appears to be completed, we anticipate the breakout of Wave C to the downside, with expectations of it continuing towards the Fibonacci 61.8% retracement level.
Hey all. Markets can see some volatile price action today, because of the release of FOMC minutes, when investors will look for any new details or change in tone regarding FED's policy. But then, after the US close speculators will be focused on Nvidia earning reports. This data can be important, not only for stock it self, but also for the technology sector and...
Decoding the US Dollar Index: Navigating Wave (V) with Thrills Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart. Weekly Chart...
There is good RRR opportunity on SUIUSDT for taking short trade by shorting (B)-(C) on EWT.
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...
Appears to have completed wave 3 of 3 now in 4 of HTF 3 with a ST target of $43-$45K as wave B of sub wave 4 . Then we finish the entire move around $35,000 Feb next month hitting the 50% retracement level of the 3. Which is a typical zig zag retrace level target.
The cement stocks have had a great 2023 and many are looking to carry the run forward into 2024 as well. India Cements was spotted displaying a minor Wave I from Nov 1 till Dec 14.In this wave the stock swiftly moved 35% up in a short time of 1.5months Wave II was a 38.2% retracement of the wave I. Between Dec 21 and Jan 4 the stock completed a leading diagonal...
Be ready to witness perhaps the best times of your lives.
As an update from my first post on this new account, I'm showing u that on this 30m BTCUSDT chart that price is heading in a potential impulse wave (Elliot Wave Count). So, look on Chaikin Money Flow and u'll find a strong bearish divergence printed! Bears on command.
BTCUSDT seems to be reached supply zone. Price action drew a logical dynamical resistence line - top formation - in a confluent Elliot Wave count. USDT 40400 is a potential target for short swing trade in an possible impulse bearish.
NZDUSD Long To Complete Wave 5. As we see in the chart the other waves matched up perfectly.
Decoding USDINR with Elliott Waves: A Comprehensive Analysis Weekly Perspective: Daily Perspective: 4 Hourly Perspective: Hourly Perspective: Current Stage: Inside iv of (c) of 2 of ((1)) of wave V of wave (III). Current Bias: Presently showing a bearish inclination on the hourly chart. Future Outlook: Post the completion of wave (c) of 2 , a...
I think that this concludes Intermediate Wave 2. I could be wrong, I hope I am, because if I am right, the carnage will be terrible. Please mitigate your risk, that is the only purpose as to why I have started posting. Please, please, please be careful. Trade safely.
Honestly, I do not think the correction is over, I think we may see near Covid prices again... The lack of a "covid wick" on the monthly is the biggest giveaway to me. I must admit, my macro has errors and therefore, can only trade my micro, however, at the end of this set we could really dump. I know Bulls are calling for buys at 28k, but honestly, with the...
First Published: October 5, 2023 Disclaimer: Please be aware that the information provided in this post is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...