BTC until result of the 2024US election? and then?! (Read Descr)will BTC continue to rise until announcement result of the 2024 US election and then masssive crash is coming?!
Elliotwaveanalysis
DALBHARAT has 55% upside open from CMP...15% in near term.Another day another Cement stock!
The cement sector does not seem to have any shortage of upside potential even in 2024.
Another stock with a good trading setup is DALBHARAT.
The stock is entering into wave III of Wave III of Wave 3(i know it sounds crazy but that's how the extensive sub-division of cement stocks has been)
INR 2260 which happens to be reversal point today intraday for the stock will act as a crucial support for the stock.
INR 2600 could be the very near-term target on the stock while INR 3500 will the target for those who wish to hold this for a bit longer duration.
The Risk-reward from current levels can not really get better.
Ashok Leyland Ashok Leyland can start a new rise from here for new highs..
Risk reward wise looks strong if hold 173 levels.. We can see a target for 200 -215 & medium term target for 260.
Ichimoku & wave counts support the move
KSL | Wave Projection | Triangle ABCDE Wave SetupPrice action and chart pattern trading setup
> A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D.
> Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside
> Stoploss: E-Wave position -8% - 10%
> Risk reward ratio: 3:1
Indicator:
> RSI weekly: bullish signal crossed up MA line above 50.
> MACD weekly: golden crossing signal line slightly below zero.
Company financial with ongoing outstanding performance +YOY and +QOQ for 3 consecutive years and quarters.
A massive wave may be coming in HINDWARE in coming monthsThe stock was seen rising in an impulsive 'wave I' structure between March-Aug 2023.
Wave II happened between Aug-Nov and wave II managed to retrace 50% of wave I.
In the past 2.5 months, the stock displayed a minor wave i of wave III and a retracement of the same in the form of minor wave ii.
The stock now looks all geared up to move up and cover the remaining legs of Wave III.
Wave III projected target is around INR 900-920, which means a good 80% upside from CMP.
On the downside INR 479 can be used as a "SL".
ApeCoin: 3 Hills & a MountainI believe I've identified a potential Three Hills & a Mountain pattern on ApeCoin's hourly and daily charts. At the time of this idea --- and should my projection be correct -- we are beginning the transition to the third hill. The supporting evidence for my idea is the following:
1) Both of the completed hills declined to, or near, their 61.8% Fibonacci levels as is consistent with the Three Hills & a Mountain pattern.
2) While they appear similar, both completed hills are of different magnitudes which separates itself from the Three Drives pattern.
I made a crude projection for the third hill and price target by using downtrend Fibonacci levels (in red) to identify a 61.8% level between the first and second hill. The purpose of this level is to identify a potentially strong support that would ultimately lead to the rally of the Mountain.
It is my understanding that the Mountain rallies at a magnitude equal to the lowest and highest value of the Three Hills which in this case would be $1.292 (indicated in white). Assuming this is correct, a rally of this proportion would bring us to a target price around $2.770.
COINBASE:APEUSD
CHZ Bull market getting started or notI have a hybrid scenario for CHZ. But I am more with the bullish scenario rather that flat scenario. It's better to accumulate CHZ between 0.8$- 0.36$ if you hope to hold long term. CHZ can easily reach 1$ in coming bull market. DYOR. Manage your risk.
Nvidia Long-Term ChartWe are definitely in our wave v of 5 of larger (1) now. In the smaller patterns a move to $650 is not out of the cards...however, please understand your trading the final machinations of a very long term pattern.
A breach of the $400 will signal a potential move back to the sub $100 area.
TV18 has 50% upside now open.ABOUT THE COMPANY:
TV18 Broadcast Limited, a subsidiary of Network18, manages its primary business of broadcasting. It runs a news network in India, spanning business news, general news, and regional news. Brands like CNBC-TV18, News18 India, and CNN News18 are part of this company.
Besides the news network, the company also operates a portfolio of television entertainment channels, sports channels and digital platform.
The Group also has a presence in the film production and movie distribution business through its studio –Viacom 18 Motion Pictures. TV18's infotainment subsidiary AETN18 Media Private Limited operates a factual entertainment channel - History TV18.
ABOUT THE CHART:
The stock price of the company gained almost 80% between Mar.2023 and Sep.2023. This phase was an impulsive 5-wave advance(Elliot-wave theory) that has been labelled on the chart as 'wave 1'.
From the beginning of Sep. and till almost the end of Oct., the stock corrected nearly 50% of 'wave 1'.This correction was an Elliot-wave zig-zag(labelled as ABC).
The stock then proceeded to move upwards after the 'wave 2' bottom and managed to make a minor 'wave i' of "WAVE 3" that it is now in. The "WAVE 3" target is projected close to INR70-72 zone(50% from CMP)
On Friday's session, the stock broke out from a trendline resistance along with a massive volume gain.
On the down side, INR 43 can be now used as a 'SL' level.
NOTE*- The views expressed are based on personal opinions and observations. Please do thorough research/analysis of any instrument before making any trading/investing decisions.
Weekly Elliot waves for Dish TVIn this age of internet and mobile entertainment, is there a scope of survival for a satellite television provider?
Well the above chart attempts to make a projection of the path the Dish TV stock can take in coming years based on the rules and guidelines of the Elliot wave theory.
To highlight the most important thing about it, the stock had a clean impulsive move from March 2020 bottom.
Note*- The chart is for educational and study purpose only.
SBI Sbi may have made a triangle in 4th wave leading to a fall for the 5th..can go till 618-621 zone where we will relook for buying opportunity
baby dogebaby doge coin technical analysis basically on elliott waves Principles and Priceaction strategies
baby doge can be make a higher high and new up trend
AUDCHF_1DAnalysis of the Australian dollar vs. Swiss franc currency pair
This analysis is for daily and mid-term time frames
The market is in a downward trend and is currently in the 5-wave range of the triangle, and the triangle line breaking down can continue to fall.
Traders should pay attention to the number 0.57777!!!
The most important and main resistance is 0.57777
Target and support range of 0.55230 and 0.54140
Will the Fall-2025 the current upward rally of Gold is End?Will the Fall-2025 the current upward rally of Gold end and DXY turn to gain strength?
12% upside move incoming in Cummins IND!The stock is ready to move up into the INR 2220-2250 in minor wave III.
The stock completed the Wave I structure between Nov-Dec.
The current wave count is I-II-i-ii-i-ii and the stock has multiple waves yet to unfold.
Projected area for Wave III is INR 2220-2300.
On the downside the low of INR 1927 is a crucial support to watch out for.
Larsen&Toubro should be soon at the INR 4k markThe stock looking to move towards the INR 4000-4150 zone in wave "III" structure.
The stock was previously in a Wave "I" structure between Oct end till Dec end.
The correction to the wave I in the form of wave II was a mere 23.8% retracement of the first wave and lasted for a mere 3 days. This a reflection of strength in the stock. The stock is also the 5Th best performing stock in the Nifty 50 index in the Year 2023,and the same strength can be again witnesses in these shallow retracements.
Wave i of III has already been spotted on the stock and now it looks to complete the rest of the Wave III towards the INR 4150 mark.
On the downside INR 3400 is a crucial area and should be considered as "sl" for all sorts of longs initiated on the stock from here on.
Balaji Amines Ltd. Elliott Wave Analysis - Weekly LogarithmicBalaji Amines Ltd. Elliott Wave Analysis - Weekly Logarithmic Chart
The analysis is based on a weekly time frame using a logarithmic chart for Balaji Amines Ltd. The Elliott Wave count reveals a fascinating pattern that can provide insights into potential future price movements. However, it's essential to remember that all trading involves risk, and past performance does not guarantee future results. Always conduct thorough research and consider the inherent uncertainties in financial markets.
Wave Count:
Wave 1 (Nov 2010):
The first wave appears to have completed in November 2010, closing at 57.85. This initial bullish move signaled the beginning of an upward trend.
Wave 2 ABC Correction (Aug 2013):
A corrective ABC pattern followed, completing in August 2013 with a low of 28.05. This retracement set the stage for the next bullish wave.
Wave 3 (Jan 2018):
Wave 3 unfolded with remarkable strength, reaching its peak in January 2018 at a high price of 782. This phase demonstrated the powerful momentum characteristic of third waves.
Target for Wave (3):
The projected target for Wave 3 is at 10267, based on traditional Elliott Wave analysis, indicating the potential magnitude of the bullish move.
Wave 4 ABC Correction (Mar 2020):
The onset of the COVID-19 crash marked the completion of an ABC correction for wave 4, concluding in March 2020 with a low of 200. The market's response to the pandemic created a significant correction.
Wave 5 (Sep 2021):
Wave 5, the final wave of smaller degree, reached its zenith in September 2021, with the stock achieving a high of 5223.55. This completed the five waves of minor degree, establishing a primary degree (1) in September 2021.
Current Scenario:
Post the completion of Wave 5, the stock transitioned into a bearish phase, undergoing an ABC correction near 1880 with a retracement exceeding 61.8%. This correction suggests a significant pullback, indicating a potential change in the overall trend.
Invalidation Level:
The bullish scenario would be invalidated if the stock price falls below the critical level of 1880, signaling potential weakness in the overall Elliott Wave structure.
Disclaimer:
This Elliott Wave analysis is speculative and based on historical price movements. Market dynamics can change, and unforeseen events may impact stock prices. It's crucial for investors to conduct their own research, consider multiple factors, and, if necessary, consult with financial professionals before making any investment decisions. Trading and investing always involve risks, and past performance is not indicative of future results.
Hellena | EUR/USD (1H): Long to resistance area of 1.10416.Dear Colleagues, I suppose that price has formed corrective wave 4 and is starting the impulsive movement of wave 5. I see the first resistance area on the way of wave 5 - the area of 1.10416. This is the area that can affect the price movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
SPX Cash AnalysisWe're now getting a confirming signal that last week's top was at least a local top. Primary analysis (in Blue) however, because we did not make a new high in the SPX like the DJIA and NDX, the black (B) wave count is a valid EWT count. I do not favor the black pathway mainly due to our MACD signal, the other major indices hitting new highs, and lastly the price action I have as of today.
Best to all,
Chris
Aussie Makes A January Pause; Bullish After Correction Is DoneAussie has been bearish in the first part of 2023, but notice that pair might have completed deeper three-wave decline on a daily chart, followed by a current nice turn-up with higher highs and higher swing lows shown on 4h time frame, where price also recovered out of a big downward corrective channel, connected from 2023 highs.
That said, I assume that a bottom can be forming. In fact, we can see a nice five-wave bullish impulse in the 4-hour chart, which is a strong signal that bulls are back on track, but keep in mind that nothing moves in a straight line and that pair can be making an A-B-C pullback now in January as intraday weakness from 0.6880 looks like a first wave A of a three wave retracement. Ideally, pair will stabilize around 0.660 area where daily trendline can become a nice support for the current higher degree wave 2.
Also, RBA is much more hawkish than the FED, RBA even considered a 25bp increase so there are speculations for FED to cut rates this year. So this is definitely something that can keep Aussie uptrend alive.
Dont forget on NFP today!
Trade well,
Grega
Nvidia Price Action Now Has Overlap Watch Purple PathwayIn the black count, price has now overlapped on itself making this direct advance in a wave 5 higher unlikely, but not entirely dead. This could morph into an ending diagonal in which overlap is a tell tale sign...but the purple pathway looks to be the most reasonable path as of this morning.
Best to all,
Chris
