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Cardano (ADA) Rectangle + Internal Uptrend (1D)BINANCE:ADAUSDT has spent months ranging between ~$0.51 and ~$1.15, and the structure now clearly qualifies as a rectangle pattern. After a 3rd touch on support in April, Cardano is showing strength with steady higher lows and a reclaim of a key High Volume Node (HVN). Key Levels to Watch • Main Demand: ~$0.51-$0.58 • Rectangle Support: ~$0.51 • Rectangle Resistance: ~$1.15 • Internal Uptrend Support: Rising diagonal from April • HVN Zone: ~$0.75 — key volume cluster • Rectangle Midline: ~$0.83 — also a previous S/R • Main Supply: $1.10–$1.32 Measured Target If price breaks above $1.15 with volume, the rectangle measured move points to ~$1.80. Context ADA has respected this range for nearly half a year. A breakout could mark the start of a macro bullish leg. Triggers • Bullish: Clean daily close above $1.15 with volume → $1.80 target activated. For a safer entry, it could be worth waiting a full breakout from the main supply above $1.32. • Bearish: Breakdown of the ascending trendline and HVN → Potential return to ~$0.51. Failure to hold that level could lead to further downside to the previous ~$0.30 demand zone.
Long
by AliferCrypto
Confirmed Breakout and Retest of Channel Resistance.Entry Zone: We recommend accumulating Rolex Rings Ltd. in the zone of ₹1,460 - ₹1,500. This area represents a crucial retest of the broken descending channel's resistance, now acting as strong support. Target 1 (T1): ₹1,580 Target 2 (T2): ₹1,650 Target 3 (T3): ₹1,750 (Extended target if momentum remains strong) Stop Loss (SL): ₹1,400 (Strictly on a daily closing basis) Rationale: Clear Channel Breakout: The stock has executed a textbook breakout from a well-defined multi-month descending channel. This indicates a significant shift in the underlying trend from bearish to bullish. Successful Retest: Post-breakout, the price has pulled back to retest the upper boundary of the channel, which is a classic technical confirmation of a valid breakout. The retest appears to be holding, suggesting the former resistance has turned into reliable support. Volume Confirmation: The initial breakout was supported by decent volumes, and the current consolidation/retest phase is occurring on relatively lower volumes, which is typical before the next leg up. RSI Bullish Momentum: The Relative Strength Index (RSI) is maintaining its position above the 50-mark and shows bullish bias, supporting the upward price momentum. Favorable Risk-Reward: The current entry point offers an attractive risk-reward profile for a short-term trade, with the potential upside significantly outweighing the downside risk defined by the stop-loss. Key Risk: A decisive daily closing below ₹1,400 would invalidate the bullish breakout and retest pattern, suggesting a false breakout or a resumption of the downtrend. Strict adherence to the stop-loss is advised. Disclaimer : This report is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Equity investments are subject to market risks. For Education purposes only
NSE:ROLEXRINGSLong
by rmhetre15
OMNI ANALYSIS📊 #OMNI Analysis ✅There is a formation of Descending Channel Pattern in daily time frame in #OMNI . Also there is a perfect breakout and retest. There is an instant trending formation in #OMNI and if #OMNI breaks the trend line then we would see a bullish trend . 👀Current Price:  $2.74 🎯 Target Price : $7.49 ⚡️What to do ? 👀Keep an eye on #OMNI price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #OMNI   #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
OPEC Countdown: Inverted H&S Signals Potential Oil Price Rise🧭 Market Context – OPEC in Focus As Crude Oil Futures (CL) grind in tight consolidation, the calendar reminds traders that the next OPEC meeting takes place on May 28, 2025. This is no ordinary headline event — OPEC decisions directly influence global oil supply. From quota adjustments to production cuts, their moves can rapidly shift price dynamics across energy markets. Every tick in crude oil reflects not just current flows but also positioning ahead of such announcements. OPEC — the Organization of the Petroleum Exporting Countries — coordinates oil policy among major producers. Its impact reverberates through futures markets like CL and MCL (Micro Crude), where both institutional and retail traders align positions weeks in advance. This time, technicals are speaking loud and clear. A compelling bottoming structure is taking shape. The Daily timeframe reveals an Inverted Head and Shoulders pattern coinciding with a bullish flag, compressing into a potential breakout zone. If momentum confirms, CL could burst into a trend move — just as OPEC makes its call. 📊 Technical Focus – Inverted H&S + Flag Pattern Price action on the CL daily chart outlines a classic Inverted Head and Shoulders — a reversal structure that traders often monitor for high-conviction setups. The neckline sits at 64.19, and price is currently coiled just below it, forming a bullish flag that overlaps with the pattern’s right shoulder. What makes this setup powerful is its precision. Not only does the flag compress volatility, but the symmetry of the shoulders, the clean neckline, and the breakout potential align with high-quality chart pattern criteria. The confirmation of the breakout typically requires trading activity above 64.19, which would trigger the measured move projection. That target? Around 70.59, which is near a relevant UFO-based resistance level — a region where sellers historically stepped in with force (UnFilled Orders to Sell). Importantly, this bullish thesis will fail if price drops below 60.02, the base of the flag. That invalidation would potentially flip sentiment and set up a bearish scenario with a target near the next UFO support at 53.58. To properly visualize the dual scenario forming in Crude Oil, a multi-timeframe approach is often very useful as each timeframe adds clarity to structure, breakout logic, and entry/exit positioning: Weekly Chart: Reveals two consecutive indecision candles, reflecting hesitation as the market awaits the OPEC outcome.   Daily chart: Presents a MACD bullish divergence, potentially adding strength to the reversal case. Zoomed-in 4H chart: Further clarifies the boundaries of the bullish flag. 🎯 Trade Plan – CL and MCL Long/Short Scenarios ⏫ Bullish Trade Plan: o Product: CL or MCL o Entry: Break above 64.19 o Target: 70.59 (UFO resistance) o Stop Options: Option A: 60.02 (tight, under flag) Option B: ATR-based trailing stop o Ideal for momentum traders taking advantage of chart pattern combined with fundamental data coming out of an OPEC meeting ⏬ Bearish Trade Plan: o Trigger: Break below 60.02 o Target: 53.58 (UFO support) o Stop Options: Option A: 64.19 (tight, above flag) Option B: ATR-based trailing stop o Ideal for momentum traders fading pattern failures ⚙️ Contract Specs – CL vs MCL Crude Oil can be traded through two futures contracts on CME Group: the standard CL (WTI Crude Oil Futures) and the smaller-sized MCL (Micro WTI Crude Oil Futures). Both offer identical tick structures, making MCL a powerful instrument for traders needing more flexibility in position sizing. CL represents 1,000 barrels of crude per contract. Each tick (0.01 move) is worth $10, and one full point of movement equals $1,000. The current estimated initial margin required to trade one CL contract is approximately $6,000 per contract, although this may vary based on market volatility and brokerage terms. MCL, the micro version, represents 100 barrels per contract — exactly 1/10th the size of CL. Each 0.01 tick move is worth $1, with one point equaling $100. The estimated initial margin for MCL is around $600, offering traders access to the same technical setups at significantly reduced capital exposure. These two contracts mirror each other tick-for-tick. MCL is ideal for: Testing breakout trades with lower risk Scaling in/out around events like OPEC Implementing precise risk management strategies Meanwhile, CL provides larger exposure and higher dollar returns but requires tighter control of risk and account drawdowns. Traders can choose either—or both—based on their strategy and account size. 🛡️ Risk Management – The Foundation of Survival Technical setups don’t make traders profitable — risk management does. Before the OPEC meeting, traders must be aware that volatility can spike, spreads may widen, and whipsaws can invalidate even the cleanest chart pattern. That’s why stop losses aren’t optional — they’re mandatory. Whether you choose a near level, a deeper stop below the head, or an ATR-based trailing method, the key is clear: define risk before entry. MCL helps mitigate capital exposure for those testing breakout confirmation. CL demands higher margin and greater drawdown flexibility — but offers bigger tick rewards. Precision also applies to exits. Targets must be defined before entry to maintain reward-to-risk discipline. Avoid adding to losers or chasing breakouts post-event. And most importantly — never hold a losing position into an event like OPEC, hoping for recovery. Risk is not a gamble. It’s a calculated variable. Treat it with respect. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:CL1!Education
by traddictiv
JUP/USDT: Classic Inverse Head & Shoulders Breakout!🚀 JUP Inverse Head and Shoulder Breakout – 80% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 JUP is breaking out of a textbook Inverse Head and Shoulders pattern on the 12H timeframe — signaling a strong bullish reversal after a long downtrend. 🟢 Pattern: Inverse H&S 📊 Breakout Confirmation: Neckline flipped into support 🎯 Target Zone: $1.05+ 🛡️ Invalidation: Close below $0.534 Momentum is shifting, and bulls seem to be back in charge. If this pattern plays out fully, we’re looking at a potential 70%+ move from current levels. Let the chart speak. Keep this one on your radar!
Long
by CoreCrypto1
BTCUSDT – Reaccumulation Breakout or Bearish S/R Flip?Timeframes: 1W • 1D • 4H Structure: Wyckoff Reaccumulation nearing Phase E — but ATH is acting as resistance 🔹 WEEKLY OUTLOOK: Macro Structure Points to Markup Last weekly candle closed above the reaccumulation Buying Climax (BC), showing bullish intent Weekly upper Bollinger Band is rising toward 113k RSI at 67, strong but not overbought Structure suggests we’re entering Wyckoff Phase E Weekly Targets: 🟢 TP1: 113,049 (Upper BB) 🟢 TP2: 116,199 (measured move) 🟢 TP3: 118,237 (Fib 0.66 extension) 🔹 DAILY OUTLOOK: Still Holding Above Reaccumulation Range Multiple daily closes above the BU (backup) zone, but all below 110k ATH RSI is strong (~66), and price is tracking near the upper BB, but volume is not convincing Until a daily close above 110,000, breakout remains unconfirmed 🔹 4H OUTLOOK: Structure Valid, Momentum Rising BU zone held; price made two lower lows followed by a higher high RSI has reclaimed 57+, and volume is picking up modestly 4H structure looks like an early Phase E breakout attempt, but... ⚠️ Caution: Is This a Bearish S/R Flip? While the broader Wyckoff structure suggests a transition into markup, we must also consider the bearish scenario: BTC may be failing a support/resistance flip at 110k All timeframes have rejected at or below 110k, despite multiple attempts If we see a lower high under 109k + 1D close below 105,863 with red volume and RSI < 45 → this becomes a confirmed bull trap 📊 TL;DR: BTC is structurally bullish — but we are at the final test zone. 🔓 Breakout confirmed: Daily close above 110k 🔒 Failure confirmed: Close below 105,863 + red volume + RSI breakdown Stay nimble. This is either the last shakeout before markup… or the top of the range before reversal. #Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #Reaccumulation #Breakout #SupportResistance
Long
by BitcoinMillio18
Potential Reversal and Breakout Retest.Entry Zone: We recommend initiating a BUY position in AIA Engineering Ltd. around the current levels, ideally between ₹3,280 - ₹3,320. This area represents a retest of the recent trendline breakout. Target 1 (T1): ₹3,400 Target 2 (T2): ₹3,480 Target 3 (T3): ₹3,580 (If momentum sustains above T2) Stop Loss (SL): ₹3,200 (Strictly on a closing basis) Trendline Breakout & Retest: The stock recently broke out of a significant descending trendline, indicating a potential end to the corrective phase. The current price action appears to be a successful retest of this broken trendline, which often acts as new support, presenting a lower-risk entry point. Volume Confirmation: The initial breakout was accompanied by higher volumes, and while the retest phase has lower volumes (typical), sustained buying interest on subsequent upward moves would confirm strength. RSI Bounce from Support: The Relative Strength Index (RSI) is showing a bounce from the 40-50 zone, indicating that momentum is regaining strength and potentially moving towards the bullish territory. Positive Structure: The overall chart structure suggests that the stock is attempting to reverse its short-term downtrend and potentially resume its broader upward trajectory. Favorable Risk-Reward: The current setup offers a reasonable risk-to-reward ratio for a short-term trade, with potential for upside gains outweighing the defined risk. Key Risk: A close below ₹3,200 would invalidate the bullish retest scenario and could lead to further downside, bringing the previous lows into play. Traders should adhere strictly to the stop-loss.
NSE:AIAENGLong
by rmhetre15
Potential Breakout from a Symmetrical Triangl Descending ChannelEntry Zone: We recommend initiating a BUY position in JK Lakshmi Cement around the current levels, ideally between ₹880 - ₹890. This considers the strong closing above the resistance trendline. Target 1 (T1): ₹925 Target 2 (T2): ₹950 Target 3 (T3): ₹980 (If momentum sustains above T2) Stop Loss (SL): ₹860 (Strictly on a closing basis) Channel Breakout: The stock has decisively broken out of a multi-month descending channel/symmetrical triangle pattern, indicating a potential strong reversal from a corrective phase. This breakout appears to be supported by a noticeable pickup in volumes. Key Resistance Breach: The stock has also managed to close above a significant horizontal resistance level around ₹880-885, which has acted as a hurdle multiple times in the past. A sustained move above this level confirms bullish intent. RSI Strength: The Relative Strength Index (RSI) is showing strength, trading well above the 50-mark and moving towards the overbought zone, confirming increasing buying momentum. Positive Price Action: The overall structure suggests accumulation at lower levels, and the current breakout could initiate the next leg of the uptrend. Favorable Risk-Reward: The setup offers a compelling risk-reward profile for a short-term trade, with significant upside potential compared to the defined stop-loss. Key Risk: A failure to sustain above the ₹880 level or a close below the ₹860 stop-loss would invalidate the bullish view and could lead to renewed selling pressure.
NSE:JKLAKSHMILong
by rmhetre15
Bullish - Breakout observed from a descending channelEntry Zone: We recommend accumulating FSL in the zone of ₹375 - ₹385. Target 1 (T1): ₹405 Target 2 (T2): ₹420 Target 3 (T3): ₹450 (If momentum sustains above T2) Stop Loss (SL): ₹360 (Closing basis) Rationale: Channel Breakout: The stock has successfully broken out of a prominent descending channel, indicating a potential shift in momentum from bearish to bullish. This breakout is supported by decent volumes on the breakout candle. RSI Confirmation: The Relative Strength Index (RSI) has shown a strong move above the 50-mark and is trending upwards, suggesting increasing buying interest and underlying strength. Support from Previous Levels: The breakout retests appear to hold the previous resistance now acting as support, which is a classic bullish reversal pattern. Risk-Reward: The current setup offers a favorable risk-to-reward ratio for short-term traders. Key Risk: A close below ₹360 would negate the current bullish view and could lead to further downside. Traders should adhere strictly to the stop-loss. Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Equity investments are subject to market risks.
NSE:FSLLong
by rmhetre15
XPTUSD 1W:While Everyone Watches Gold, Platinum Quietly Wakes UpGold gets the headlines — but platinum just broke two years of silence with a clean, high-volume breakout from a symmetrical triangle on the weekly chart. And this isn’t noise — this is the structural shift traders wait for. Price has been coiled inside a compressing wedge since early 2022. Equal highs. Equal lows. Stop hunts both ways. The classic “shake out before take off.” Now? The breakout is in. And the weekly candle closed above resistance with volume confirmation. Oh, and while we're at it — the 50MA just crossed above the 200MA, signaling a long-term trend reversal. Target? Measure the triangle height: ~398 points. That projects a breakout target of 1440 USD, which aligns perfectly with previous institutional rejection zones. But this isn’t just about the chart. 🔹 South Africa, the top global supplier, is struggling with energy and production cuts; 🔹 The Fed is pausing rate hikes — the dollar weakens, metals rally; 🔹 Demand from hydrogen tech, clean energy, and industrial catalysts is on the rise. Translation? Smart money has been accumulating. The move from 965–1070 was just the ignition. The drive hasn’t started yet. So while everyone fights over gold highs, platinum sits at the base of a move no one's prepared for — except those who know how accumulation ends. 🧭 Key support: 965–985 📍 Resistance zone: 1150–1180 🎯 Measured target: 1440+
OANDA:XPTUSDLong
by TotoshkaTrades
GBP_USD SWING BREAKOUT|LONG| ✅GBP_USD made an absolutely EPIC breakout of the key horizontal Level of 1.3426 and the breakout is Confirmed even on a DAILY timeframe Which combined with the strong uptrend Makes us extremely bullish biased on The pair and we will be expecting Further growth in the coming weeks After a potential local pullback LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by ProSignalsFx
1
Bitcoin - Confirmed Breakout#BTC/USDT #Analysis Description --------------------------------------------------------------- + Bitcoin has successfully broken out from the resistance, this is the third time bitcoin has broken out from the resistance line, in the previous two breakouts bitcoin had significant growth and we can expect similar growth this time. + the next target for bitcoin is around 150k and this is an easy target for bitcoin. + Bitcoin can see some consolidation around previous resistance (around 109k) but this can be broken easily. + Lets see how this plays out. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
BITSTAMP:BTCUSDLong
by VectorAlgo
3
ARB - Beautiful Falling Wedge Pattern--------------------------------------------------------------- Description --------------------------------------------------------------- + Perfect falling wedge pattern has formed for ARB, a clear breakout from this falling wedge pattern is imminent. + breakout from this falling wedge pattern could push the price to previous All time high. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.39 Stop Loss: 0.16 ------------------------------ Target 1: 0.6229 Target 2: 0.9196 Target 3: 1.1430 Target 4: 1.6343 Target 5: 2.1129 ------------------------------ Timeframe: 1W Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Best Regards, VectorAlgo
Long
by VectorAlgo
Bitcoin Breakout Under Threat or Bullish Retest?1D Chart • Price broke above ATH (~110K) on May 22 with a +1.87% gain, backed by strong volume (~413K vs 190K avg) — signaling legitimate breakout intent. • May 23 followed with a -3.93% bearish engulfing candle, closing back below ATH on elevated sell volume (~279K). • Despite the rejection, the breakout bar showed no upper wick exhaustion, so not a blow-off. • RSI = 63.26 — still bullish but curling down. • Price is testing the channel midline; Fib extensions (117.4K–118.2K) remain unmet. Conclusion: Initial breakout was technically valid and volume-confirmed, but price is now under threat. Loss of 103.9K would invalidate the structure and raise distribution risks. ⸻ 4H Chart • Price closed 4 times below mid-Bollinger Band — short-term momentum has weakened. • RSI bounced back above 50, avoiding breakdown territory. • Volume is tapering (weekend), and price is hovering just above the previous LPS zone. • Watching for resolution from a potential Backup (BU) retest. ⸻ Wyckoff View • Still within Phase E of re-accumulation — unless 103–105K breaks decisively. • Valid structure: Spring → LPS → SOS → BU(?) • A break below structure = possible UTAD scenario ⸻ Key Levels • Support: 105,863 / 103,986 / 100,678 • Resistance: 110,000 / 112,100 / 116,199 • Target Extension Zone: 117,449 – 118,237
Long
by BitcoinMillio18
NFP ANALYSIS🚀#NFP Analysis : Pattern Formation💲💲 🔮As we can see in the chart of #NFP that there is a formation inverse head and shoulder pattern and it's a bullish pattern. Also there is a perfect breakout and retest of the levels. This indicates a potential bullish move.📈📈 🔰Current Price: $0.0910 🎯 Target Price:    $0.1100 ⚡️What to do ? 👀Keep an eye on #NFP price action. We can trade according to the chart and make some profits. The price must close above the neckline. After that we will see a bullish move. ⚡️⚡️ #NFP  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
BITCOIN Will Keep Growing! Buy! Hello,Traders! BITCOIN is trading in an Uptrend and the coin made a Great breakout of the previous ATH which makes us super Bullish biased so as BTC is Making a local bearish correction We will be expecting a bullish Rebound from the rising support And a further bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:BTCUSDLong
by TopTradingSignals
2
GBP-USD Massive Swing Breakout! Buy! Hello,Traders! GBP-USD is trading in a Strong uptrend and the Pair made a massive Bullish breakout of the Key horizontal level Of 1.3444 and went Further up which reinforces Our bullish bias and after A potential pullback we Will be expecting a Further bullish move up Next week Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
Technical Analysis with Elliott Waves: A Combined ApproachHello friends, Welcome to RK Charts! This Educational Post is based on technical analysis, specifically how to initiate analysis on a chart, and what points to consider. This is purely for Educational purposes. This is not a trading or investing tip or advisory. Rather, it's a comprehensive guide on how to easily analyze a chart, intended for educational purposes. I hope that by reading and understanding this post, you'll gain valuable knowledge and insights. Your focused effort to understand this will surely provide you with something valuable and easy to grasp. Let's dive in, During technical analysis, what we had observed certain points in this chart, I'm highlighting them here: 1. Resistance line breakout, where the price has closed above it. 2. The volume within that breakout. 3. The price closing above Weekly Exponential Moving Averages. 4. Elliott Wave Counts. 5. Projected Target along with Invalidation level as per Elliott Wave theory. 6. Projected Duration for Projected Targets. Breakout of Resistance zone with Good Volume intensity: So, friends, here we can clearly see on the chart that this is a weekly time frame chart of Shipping Corporation of India Limited. Over the last eleven months, from July 2024, the price has been falling, remaining largely bearish, but has now broken out of Curved Resistance Trendline for the first time with a bullish candle on Weekly (Closing basis), accompanied by good volume intensity. Alongside this, the price has sustained and closed above Major EMAs: - 50-Weekly Exponential moving average (red line plotted on the chart) - 100-Weekly Exponential moving average (blue line plotted on the chart) - 200-Weekly Exponential moving average (black line plotted on the chart) on the weekly time frame. Elliott Wave Theory: Considering the Elliott Wave structure, if we look at it theoretically, the top it made on July 2024, was the completion of Wave III. After that, it completed Wave IV in 7 swings (WXY) and is now possibly moving higher, making higher lows. It has closed above the moving averages, broken out of the Curved Trendline, and has strong volume. So, possibly, we are unfolding an impulse Wave V. In Elliott Wave Theory, the invalidation level means that the price should not go below that level, which in this case is the low of Wave IV at ₹130. If the price goes below that level for any reason, even by a single point, our wave counts will be invalidated, and we'll have to re-analyze the chart. That's why we call it the invalidation level. Analysts and traders also refer to it as a stop-loss level. So, in Elliott Wave Theory, our wave counts remain valid as long as the price stays above the invalidation level and doesn't trigger it. Now, regarding the target, if we take the measurement of Wave IV and calculate its 1.236 level, the target for Wave V should be above the high of Wave III. According to Elliott Wave Theory, the projected target for Wave V is near ₹440, which is the 1.236 Fibonacci level. Projected Duration for Projected Targets: In the chart analysis we conducted, where we prospectively projected a target, if everything goes right and the invalidation level is not triggered, what could be the duration of this target? It will definitely take more than a medium-term duration, maybe even a long-term duration. This is because each candle represents a week, and we're currently looking at the weekly time frame. Since the fourth wave has just ended and the fifth wave is upcoming, it will take a long-term duration I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SCIEducation
by RK_Chaarts
9