Elliottwavecorrection
GBPUSD POTENTIAL BUY SETUPPrice has been trending down and has reached a key support level on the daily.
If price respects this level, I will wait for an inner trendline break to open a long entry.
Overall, if this has happened, price is pulling back for a retracement to eventually continue down.
The Take Profit 3 area is 61.8% of the entire move down and is a key level.
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If price does not respect this level, I would wait for it to break through, retest and enter for the sell.
If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
GBPAUD BUY SETUPI'm looking at this pair for a potential buy.
Price is currently at the 61.8 fib level on the daily.
If it respects this level and I see a trend line break, I will be looking for buys on the correction.
XAUUSD - WAVE D STILL FORMING?We’re in a clear Bullish Ascending Triangle on XAUUSD. There is a possibility that the wave D has not formed yet. I will be looking to see if we get a bounce from resistance.
As you know, wave E does not always get put in so I would prefer to go long from the bottom of E (1680-1684) if it plays out rather than to short from D.
Either way, I’m expecting a break out to the upside when XAUUSD finishes consolidating. There should be a quick retest of the breakout area allowing one to take a long position from there.
The Bullish Ascending Wedge on D1 provides further confluence to this idea.
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust you own analysis.
Beyond Edge
Correction Wave 4 in play - XAUUSDElliot wave count adding further confluence to my previous ideas.
Expecting a bullish breakout from current consolidation.
Quarterly outlook:-
2nd: Bullish
3rd: Bearish
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust you own analysis.
Beyond Edge
GBPJPY WAVE 3 COMPLETE - SELL FOR FINAL WAVE AFTER RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
Update elliot count....wave C of Y of 2......Next wave is 3rd of 3rd of 3rd. A rise in price beyond 1722 breaks my count.
JPFA : Possible upside1 hour chart shows a possible buy setup.
Based on elliott wave principle.
Wave 2 is ended with W-X-Y structure and nicely touch the 0.786 fibonacci retracement level. The price need to break peak of X wave to validate the counting.
Plan
Buy if break 1050
stop loss at 760.
This idea is also supported with bullish divergence on RSI and stochastic.
Cheers & god bless.
Bahasa Indonesia
Chart 1 jam memberikan kesempatan untuk buy dengan alasan perhitungan wave elliott untuk wave (2) bisa jadi sudah selesai dan lanjut naik ke atas (lanjut wave (3))apabila harga tembus puncak X dan keluar dr channel sideway. Pertimbangan wave (2) mungkin sudah selesai adalah dari angka fibo 0.768 yg disentuh ujung Y lalu terpantul ke atas. Plan nya adalah buy saat break 1050 dan stop loss di 760.
Analysis diperkuat juga oleh indikator RSI dan stochastic yang menunjukkan bullish divergence. Semoga analysis ini bermanfaat, god bless.
GBPNZD LONG TERM SHORT SETUPAppears to be in a corrective pattern.
I am anticipating a sell.
I've added some notes to the chart on my analysis.
EURGBP BUYI've added notes to the chart that validate why I believe this is a buy opportunity based off of using the Elliott Wave Theory.
I believe we are in a corrective structure of a regular flat (3-3-5), moving into wave C.
Price is currently sitting in a demand zone.
CADJPY LONGI think this might be a great setup to observe.
Disclaimer: This is only an idea and should not be taken as a trading signal.
GBPJPY SELL SETUPThese are my thoughts on GBPJPY.
I've added notes to the chart that validate my theory based on Elliott Wave Theory.
I believe we are in Wave B of the overall structure.
I've linked an earlier idea that supports my theory.
GBPJPY PULLBACK AND THEN SELLPrevious target reached. Waiting for a retracement to enter another sell position.
A
The possibility of gold rising to this levelIn the short term, I see that gold will rise to this level as shown in the chart, due to the completion of 5 waves that may be corrective, or there may still be a new peak possibility.
GBPJPY CORRECTIVE SELLI believe we are in a corrective structure and at the top of wave C.
I am entering a sell to 132.835. I believe price may go lower, but will TP and re-enter after confirmation.
Testing Elliot Wave skillsTesting Elliot Wave skills
Any pros out there that can critique me? lol I stick to mostly astrology
S&P million dollar chart In blue colour are all the daily gaps of the index. If it manages to close the one at 2899 and then A=C then it reaches the lowest gap which is between 0.382 and 0.50. Magic
HAVELLS IND LTD. - FUNDAMENTAL VS TECHNICAL ANALYSISNSE:HAVELLS
First will have a look into the fundamentals of the stock on QOQ,
The Q3 result of NSE:HAVELLS is quite compromising to investors, the peoples interested in consumer sector line.
Net Sales - QoQ Growth in quarter ended Dec 2019 is 1.82% vs -17.82% in Sep 2019
Operating Profit (PBDIT) excl Other Income IS 14.5%
Consolidated Net Profit - QoQ Growth in quarter ended Dec 2019 is 12.09% vs 1.37% in Sep 2019
Latest dividend: Rs. 4.5 per share. Ex-Dividend Date: Jul-18-2019, DIVIDENS YIELD IS 0.73 % (Source: Bloomberquint)
As per technical the stock is almost completed the correction, but still we can wait to reach the zone to accumulate for positional or long term investment.
Q3 result might be quite impressive to invest in, but still technical side we could expect little bit down to complete the 5th wave in primary also completes the trendline (4th wave).
levels are to accumulate 545 to 575 stoploss level is below 510, for longterm targets have arrived through technical by elliotwave, the correction is happening now is the 4th wave of cycle and impulsive (5th) wave target
is 1150 to 1200.
let us wait and see, what market has for us.
for more details reach us through writetomonk@gmail.com or "9884344490"
Disclaimer: the posts are for only educational purpose.
CRAZY ACTION IN THE MARKET! WHICH WAY DOES SBUX GO??? My previous chart showed a false breakout downward and an advance upward. Is the upward breakout false too? We definitely have to remain flexible for any possibilities.
First setup a possible A.B.C.D.E Elliott pattern correction AND a possible head and shoulders formation on the hourly chart with a neck line around $61
I've labelled two possible scenario's
1) hits neck and moves upward and continues breakout in a bullish pattern. Or breaks out of A.B.C.D.E pattern upward.
2) breaks neck and heads down to Fib retracement around $45-$55 level. Breaks A.B.C.D.E pattern downward.
Only time will tell. Have to remain open to all possible outcomes. I'm neutral on this one.
These charts are using Heikin on the hourly.
Royal Caribbean Elliot Count (Week Mar 30 - Apr 3)Will check to see how it looks coming down for more precision final target and confirm with bullish divergence. Might also take a look at Thomas Demark when it gets there. I can struggle with labeling so if you go to the 1 or 3 minute and see if something should be labeled different let me know so I can take a look/learn/improve.
Near the supportI expect the support zone will stop falling and the V-shaped recovery hope will lead Nasdaq to a new high.
If the wave (iv) will be broken then the wave ((c)) of B may have found it's place. Let's see
XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly.
Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276.
I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count?
This is not financial advice and please do your own research.
