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Elliottwaveprojection

Was it Charlie the whole time or does Warren just give up...Was it Charlie the whole time or does Warren just give up... Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment is involved in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment consists of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segment deals with regulated electric and gas utilities, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.
NYSE:BRK.B
by EndlessCode
UNI/USDT - Long and Short PlaysNot really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow. Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence. For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions. Red EW- Long term (1D). Blue EW - Medium term (4h). White EW - Short term (1h). Short term - White EW Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak. Medium term - Blue EW After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak. Once wave-4 is complete, we should head up to wave-5 @ 2.618. Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile. Long term - Red EW After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618. I think UNI will top at the red wave-5 range @ 2.618. Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile. I put a fib extension on my Volume Profile: Red wave-3 taps the Volume Profile's 1.618. Red wave-5 taps the Volume Profile's 2.618. Let's see...
Long
by dimuthj
New impulse in NIFTY FINANCE should drive it well above 22K markThe FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the index is once again back to its bullish phase and hence the expectation of the next bull leg. 19800 remains a crucial support for the index while 22700 remains the expected target level.
NSE:CNXFINANCELong
by neeraj_2_sharma
1
RS SOFTWARE-CHART PATTERNS AND ELLIOT COUNTS- AN INVESTMENT PICKHELLO FRIENDS, Here I have shared chart pattern and possible ELLIOT WAVE counts of RS SOFTWARE, which showing the uptrend of this stock. As per chart pattern, this stock is following the CUP AND HANDLE PATTERN which shows the BULLISH TREND of the stock. the above image confirms that as per guidelines of Cup and Handle pattern, volume contraction must be there while forming cup after giving breakout with significant volume, the stock retested the support trend-line which previously was resistance and started its continuation in upward direction. As per Elliot Wave, Stock has completed its correction as WAVE ABC from 829 level to 9.55 New impulse BIGGER WAVE 12345 has started from 9.55 and now stock is in wave (5) that will complete the bigger wave 1 And wave 2 will again give a dip as correction and again bigger Wave 3 will start. This way the stock has huge space towards north. DISCLAIMER 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.
NSE:RSSOFTWARELong
by KARANN_DINGRA
Bank Nifty to move into the 50K zone in new impulse up!Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The corrective wave can be labelled as a zig-zag(ABC) and has retraced 61.8% of the impulsive rise. Now what should unfold will be the wave iii of III. This particular leg can be projected moving towards the 50K mark soon. On the downside 44540 can be considered as an important support for the index.
NSE:BANKNIFTYLong
by neeraj_2_sharma
9
BITCOIN: Pullback before another rally?Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5. OUR LONG TERM ANALYSIS =======================
Long
by TheAnonymousBanker
6
A last tiny leg down and then a massive rally in TESLA!The stock is spotted in a complex triple three correction(WXYXZ) since JUL.2023 and is now finally at the end stages of this lengthy correction. Only the last leg, which would be wave v of "WAVE C" of "WAVE Z" seems pending in the stock now. $170-180 is a major support region and the stock is expected to complete the last leg of the correction within this zone itself without sliding much further down. What would follow after "Z" is completed though, would be the next bull leg (labeled as wave III of 3) that could be projected moving towards $330 region.
NASDAQ:TSLALong
by neeraj_2_sharma
7
Things Are About To Get Spicy For Bitcoin and Crypto! In comparison to previous bull cycles this rally from the depths of 15k on bitcoin sure has taken its sweet time. It's quite often the opposite when crypto is in a bull market. The last rally from 25k to 48k was a bit more of the personality we are use to. So is bitcoin geared to moon to new All time highs? It certainly continues to increase its probability to do so and it's about to come up on its next inflection point where it can shift its probability even further, or decrease it. In the short term I'm projecting a pullback to 48k to 47.5k. It's at this area depending on how we react that I'll look to project whether price moves down to 40k or a new ATH! That's a pretty pivotal inflection point we're coming up on... one that can give near certainty to a new ATH being created. If you want to stay tuned for when that confirmation comes then make sure to follow this channel and boost this trade idea. To your success, Schyler
Short
by NewWave_Traders
$PLTR ELLIOT WAVE ANALYSIS This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of wave 2 correction, it's anticipated to retrace to approximately the 0.618 retracement level, marked by the green rectangle, which serves as a pivotal point due to robust support. Although this projection isn't definitive and relies on typical wave 2 correction patterns, it provides a useful estimate for potential price movement.
PShort
by thekidtrader11
4
Part 1 - EUR/USD: Monthly Examination Utilizing Varied Approach Price action Breakdown Analysis: It is the EURUSD monthly timeframe, and it shows a downtrend for more than 15 years. The price has settled in a downward value area. Elements of price action Breakdown: Excess: There are nine price excesses, four on the upper band and five on the lower band. It shows that the sellers were too aggressive when the price touched the upper band of the channel in comparison with the lower band at buyers. Buyers/Bulls tries makes the initiative to breakout the structure but end up when another party finds the price convenient for them. Control line: The control line represents the gravitational force to the price. The price can’t stay away until it breaks the range. There are twelve touches on the control line, and few are mentioned on the chart. No Trading Activity Zone: No trading activity is the zone where one party, either bull or bear, takes control and outnumbers the other. There are a total of 14 no-trading activities zone. Both of the participants have seen each other. Sub-value area: A rectangle sub-value area has taken place from March 2015 till now. An excess became a great place to buy the move, yet the upper band of the sub-value area provides strong resistance. The control line of this value area at 1.1480 is sharp enough to act as a pivot level. It could be a resistance to the current price. Trend Justification: Justification for the current market trend and the behavior of bulls and bears can be derived from four prominent lines on the chart. Line 1, the lengthiest on the chart, connects the points from 1.5760 to the latest high at 1.2555 . This line also intersects with the second line, indicating that a breakout in one line would likely trigger a simultaneous breakout in both lines. Line 2 stands out as the most robust resistance line, evidenced by the price experiencing significant declines on more than three occasions upon reaching this line. Therefore, the continuation of the uptrend appears contingent upon a successful breakout above resistance line 2. Line 3 , marked at 1.23427 , serves as a horizontal resistance line. This line has played a crucial role, offering three supports and encountering two resistances. A substantial upward movement could potentially alter the overall trend post-breakout, given that it represents a lower high in the downward trend. Line 4 represents a support level in close proximity to the current price, suggesting a potential stabilizing factor for the market at its current position. Elliott Wave Projection: According to Elliott wave analysis, the price has been undergoing a W-X-Y-X-Z formation, specifically identified as a triple zigzag, over a span of 15 years. The sequence involves the completion of wave (X) and the initiation of a downward impulsive wave denoted as (Z). The Wave Formation unfolds as follows: Wave (W): A flat correction pattern characterizes the formation of Wave (W). Wave (X-1): Wave (X) takes shape in a standard zigzag formation, retracing 78.6% of Wave (W). Wave (Y): This phase sees the construction of a zigzag pattern within Wave (Y), extended 1.618% of Wave (W) Wave (X-2): Wave (X) materializes as an expanding triangle, retracing 50% of Wave (Y). Wave (Z): The ongoing Wave (Z) is currently in progress, appearing to form sub-wave C. Notably, Wave (Z) has extended to 78.6% of Wave (Y). For Bulls traders, a prudent entry point is identified as the breakout of Wave (X) at the level of 1.2349 . No risky trader should initiate Long position until it breaks out Line 1 & Line 2. Wave (Y) = Wave (Z) at 0.8838. So, After the accomplishment of sub-wave B of wave (Z), traders can sell for final wave C of wave (Z). Different pattern Formation: Traders can see the following patterns on the monthly charts: 1. Wamine pattern 2. Contracting Triangle 3. Wave Diagonal 4. Expanding Triangle 5. ABCD Pattern 6. Moolahs pattern We will Update Further information on weekly & Daily time frame soon.
by forextidings