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Elliottwaveforecasts

$BABA COMPLETE ELLIOT WAVE ANALYSIS 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 $18.90, although this is an estimation derived from Fibonacci ratios and could potentially fluctuate between $58.01 and $18.90. However, considering the length of sub wave A, the likelihood leans towards the $18.90 mark.
NYSE:BABAShort
by thekidtrader11
5
CHAINLINK ELLIOT WAVE ANALYSIS 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 alternative perspectives and suggestions. Upon studying the chart, it appears that CHAINLINK has been undergoing a corrective ABC wave pattern since its inception, reaching a peak in 2021 before embarking on a corrective phase. The analysis becomes particularly nuanced due to nearly a year of consolidation, forming a triangle pattern likely indicative of the final wave C within its correction. If my interpretation is accurate, CHAINLINK has recently completed wave 1 and is poised for a correction with wave 2. This correction may target the 0.764 extension level or potentially fall below it. At present, the short-term trend appears bearish while the long-term outlook leans bullish.
Long
by thekidtrader11
2
BTC ELLIOT WAVE ANALYSISIn 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 C. While I remain uncertain whether wave 4 has concluded, I anticipate its completion by the next week. If the market exhibits an upward movement during this period, it will signify the conclusion of wave 4, paving the way for the initiation of wave 5 targeting the ATH (All-Time High). I welcome and am open to any opinions or suggestions for refining this analysis.
BITSTAMP:BTCUSDLong
by thekidtrader11
$TSLA COMPLETE ELLIOT WAVE ANALYSIS According to the Elliott Wave theory, NASDAQ:TSLA has been following a corrective wave pattern (ABC) since its inception, reaching its peak during the 2021 bull run. Currently, NASDAQ:TSLA has completed both wave 1 and wave 2, entering the critical and highly impulsive wave 3 towards the downside of the Elliott Wave sequence. The fundamental outlook for NASDAQ:TSLA appears weakened due to intense competition in the market. In the long term, NASDAQ:TSLA is displaying a heavy bearish trend. While specific targets for the remaining waves are uncertain at this time, one thing is clear – NASDAQ:TSLA is not expected to surpass wave 2, which is positioned at $299.
NASDAQ:TSLAShort
by thekidtrader11
Navigating ABCAPITAL's Elliott Wave JourneyWeekly 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 1 in Red, pegged at 155. Daily Time Frame: Next Phases: Anticipating the commencement of wave 3, followed by wave 4 and wave 5 in Red, completing wave (5) in Blue on the weekly. What if Scenario: Break Below 155: If the price breaks below 155, the low of wave 1 in Red, we might assume a more complex correction with the possibility of double corrections within wave (4) on the weekly. Risk Management: Traders are advised to incorporate risk management strategies, including setting stop-loss levels to mitigate potential losses. 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_Charts 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_Charts 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:ABCAPITALLong
by RK_Chaarts
VIP INDUSTRIES CHARTTechnical Analysis of VIP Industries Chart: Wave Sequence and Current Outlook This research provides a concise overview of the wave sequence observed in the chart of VIP Industries. The analysis covers four waves, detailing their completion points and current status, with a focus on the ongoing Wave 4. The possibility of an "abcde" pattern formation within Wave 4 is highlighted, indicating potential reversal points around the 480-490 level, corresponding to 38.2% of the Wave 3 upward movement. It is crucial to note that the author is not a SEBI registered analyst, and readers are advised to consult their financial advisors for investment-related inquiries. Key Points: Wave Sequence Overview: Wave 1 completed at 36 on 19 Sep 2005. Wave 2 completed around 7/- in Mar 2009. Wave 3 completed around 775 in Apr 2022. Current Status - Wave 4: Wave 4 is currently in progress. The possibility of an abcde pattern is suggested. Anticipated reversal level: 480-490, representing 38.2% of the Wave 3 upward movement. Important Disclaimer: The author is not a SEBI registered analyst. Readers are advised to consult their financial advisors for investment-related Warm regards
NSE:VIPIND
by imkhushal
$NVDA COMPLETE ELLIOT WAVE ANALYSISI 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 B to reach the designated green pivot area before completing wave C well below the 2022 low.
NASDAQ:NVDA
by thekidtrader11
S&P: Scenario 2: the Running FlatThis push higher off the Oct'23 low lacked a micro i up, ii down at the start and therefore I think that most likely its a false start of the accelerated part of the subwave ( c ) of wave ( iii ) up. Then we should be dealing with the subwave -b- up to be followed by a subwave -c- down (unfolding very bullish the Running Flat corrective a-b-c down structure) I prefer this scenario more than the straightforward very bullish direct path leading to the Red Target box.
CBOE:SPXShort
by CastAwayTrader
Very interesting Elliott Wave structure...Luna 2.0 or Terra 2.0 is the new token that emerged from the hard fork of the Terra blockchain network. LUNA2 aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022. Most of Terra's dApps and features migrated to the new chain. @threads #love #ınstagood #art #photooftheday #photography #crypto #bitcoin #cryptocurrency #blockchain #ethereum #btc #forex #trading #money #cryptonews #cryptotrading #bitcoinmining #cryptocurrencies #investing #eth #investment #bitcoinnews #bitcoins #nft #business #invest
KRAKEN:LUNA2USDLong
by EndlessCode
5th wave elliott wave pattern 12 months sector 1 wave level my rules as below long term average cost to dollar investment ratio following the Elliott wave pattern. sector 1 wave level value = 12 months sector 2 wave level value = 6 months sector 3 wave level value = 3 months ralph Elliott nelson rules as below normal rules via Elliott wave principle Robert Precter & ralph Elliott nelson. grand master super cycle = monthly super cycle = weekly normal cycle = daily swing cycle = 4 hours day trading = 1 hours inter scalping = 15 mins minute = 1 min sub min = 30 secs
CME_MINI:ES1!Short
by Blaze420gang801
1
Hellena | GOLD (1H): Long to resistance area of 2062.47.Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of 2062.47. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
Dollar Index - Two Paths For Q1 Based On Elliott Wave Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next drop occurs. Alternate Count : Consider the correction as already completed and anticipate a further decline of the US Dollar until the elections later this year. For next few weeks, we want to be more bullish in any case and see how market will react from 105.00 but let's see...
TVC:DXY
by ewNicola
Cams giving confirmation of wave 2 of 3I hope this message finds you well. I would like to provide an analysis of the current market situation for Computer Age Management System (CAMS) based on the Elliott Wave Theory. Please note that the following information is for informational purposes only and should not be considered as financial advice. Investing in the stock market involves risks, and decisions should be made based on thorough research and consultation with a financial advisor. Analysis: CAMS appears to be in the midst of Wave 2 within the larger context of Wave 3. Currently, the focus is on the C wave of 2, indicating a potential opportunity for investors. Strategy: We are considering entering the stock when it reaches our predefined "greenbox," which we believe offers an attractive risk-reward profile. This decision is based on technical analysis and the expected movements within the Elliott Wave pattern. Disclaimer: Risk Warning: Investing in financial markets carries inherent risks, and past performance is not indicative of future results. The value of investments may fluctuate, and investors may lose their principal amount. Elliott Wave Theory: The application of Elliott Wave Theory involves subjective interpretation and may not always accurately predict market movements. Investors should use it as one of several tools for analysis rather than relying solely on this method. Market Volatility: Financial markets are subject to sudden and unpredictable changes. The information provided does not account for unforeseen events or sudden market shifts that may impact the stock. Consultation with Financial Advisor : Before making any investment decisions, it is crucial to consult with a qualified financial advisor. Individual financial goals, risk tolerance, and investment horizons vary, and personalized advice is essential. No Guarantee of Returns : There is no assurance that the proposed strategy will lead to profitable outcomes. Investors should be prepared for the possibility of losses and carefully consider their risk tolerance. In conclusion, the decision to enter CAMS should be made cautiously, considering the risks involved. It is advisable to conduct further research, monitor market conditions, and seek professional advice before making any investment decisions. Please feel free to reach out if you have any questions or require additional information. Regards
NSE:CAMS
by imkhushal
Gold's Elliott Wave Forecast: Bullish Waves on the HorizonGold has been in wave 4 correction phase since early May, following the completion of an upward surge (impulsive wave 3) at 2068.382. This correction took the form of a zig-zag pattern, and can be subdivided as follows: Wave A of the larger wave 4 concluded at 1893.060, spanning approximately 2 months. Subwave B took the shape of a contracting triangle and lasted for roughly 3 months, ending at 1948.034. It appears that Subwave C has wrapped up at 1815.799, marking the completion of wave 4. Currently, I anticipate a significant upward movement in the form of a five-wave impulse on this precious metal. My medium-term target for this anticipated uptrend is 2093.078.
OANDA:XAUUSDLong
by Samuel124