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Elliottwaveforecasts

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
Hellena | USD/JPY (1H): Long to rresistance area of 149.703.Dear Colleagues, I believe that the price is completing the corrective wave 2, which may go down to the support area of 147.656. After that I expect the price to rise at least to the resistance area of 149.703. If the Invalidation level is reached, the scenario is canceled. At the moment the most important thing is to understand where the end of wave 2 is. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
6
BTCUSD: The beginning of a wave 4Are we getting close to our first real correction since the beginning of the pump of September? As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition: 1W: decomposition of 3rd wave monthly 1D: decomposition of 1st wave weekly 4H: decomposition of 3rd wave daily 1H: decomposition of 5th wave in 4H The end of wave (v) in 1H (with a magnificent ending diagonal, which explains why wave (iv) overlapped with wave (i)) signs the end of the wave ⓹ in 4H , which means the wave 4 in daily should happen anytime soon. I expect a retracement of 23.6% of wave 3, which is very usual in the case of the BTC, reaching the support at 34,000 USD.
INDEX:BTCUSDShort
by Whytek
Bearish Momentum: GBPAUD Elliott Wave AnalysisThe GBPAUD currency pair is presently undergoing a bearish trend that originated from the level of 1.99734. My Elliott Wave analysis suggests that the market has likely concluded a five-wave sequence from Wave 1 to Wave 4, and the pair is currently within Wave 5. This is confirmed by the break of the trendline to the downside. This is similar to the GBPCAD analysis . Based on the prevailing conditions, I'm expecting the continuation of the bearish momentum, with a target set at 1.88256. This analysis remains valid unless the price breached the level of 1.93344 to the upside, which would invalidate this forecast. Cheers!
Short
by Samuel124
4
Navigating AUDJPY's Correction: What Lies Ahead?The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process of forming Wave c of Wave 4, and my projection suggests that it is likely to decline in order to complete the Wave 4 correction. Two possible scenarios are: A pullback to 95.251 price zone and a trendline break at 94.321 to the downside. My anticipated price regions for the completion of this correction are identified at 92.038 and 90.46. Once this correction is completed, I expect the bullish trend to resume. A breach of the price level at 96.969 to the upside would invalidate this wave count and the associated outlook. Cheers!
Short
by Samuel124