Get started

Elliotwaveanalysis

Elliott Wave Analysis: BTC/USD Festive Season ForecastIntroduction: As we approach the weekend and the joyous Christmas season, a festive atmosphere engulfs the cryptocurrency market, especially the BTC/USD pair. Building on our previous analysis, an Elliott Wave Impulse is expected to guide the market's course during this celebratory period. Elliott Wave Impulse Structure: The Elliott Wave theory suggests that market trends unfold in a five-wave impulse pattern, representing the natural rhythm of investor sentiment. In our BTC/USD analysis, we anticipate a compelling five-wave sequence, with each wave playing a distinctive role in shaping the market's direction. First Wave: The initial wave sets the stage for the festive season, with a strategic entry point identified at $43,910. This wave marks the beginning of the upward momentum, propelled by positive market sentiment and holiday optimism. Second Wave: Following the initial surge, a corrective wave is anticipated, providing an opportunity for adjustments and strategic positioning. The market may experience a brief pullback, presenting an ideal entry point for astute traders. The first take profit target is projected at $44,840 during this phase. Third, Fourth, and Fifth Waves: The subsequent waves will unfold dynamically, each contributing to the festive fervor. The third wave is expected to extend the rally, surpassing previous highs and reinforcing the bullish sentiment. As we progress through the season, the fourth wave may introduce a temporary correction, offering a second opportunity for entry. The grand finale comes with the fifth wave, reaching new heights and culminating in the festive celebration. This wave is expected to carry the market to a peak, creating a jubilant atmosphere for traders and investors alike. Conclusion: In conclusion, the Elliott Wave analysis for the BTC/USD pair sets the stage for a festive celebration in the market. As the waves unfold, from the initial surge to the grand finale, traders are urged to stay attuned to the rhythm and dynamics of each wave for optimal decision-making during the weekend and the Christmas season. May the joy of the festive season extend to the cryptocurrency market, bringing prosperity and positive vibes to BTC/USD traders. Happy trading and Merry Christmas!
COINBASE:BTCUSDLong
by wikitrades
2
EURUSD in Intraday Correction Phase, Bullish on the SwingEURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk. Always trade with the tight Risk management to stay the long run. Safe Trading, Happy Trading.
Short
by JagadishSinghR
AUDNZD: Bullish Leg continuation?From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long position on pullback with Target 1 around to 1,078. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
2
Weekly Update: Expectations after such an impressive rally?I remind in my updates periodically, that nothing clears up confusing-overlapping price action, like more price action. Meaning sometimes, as an analyst, it can be difficult to forecast precisely what is playing out, until right before a pattern concludes. This current pattern off the October 2023 lows is one of those occurrences. Corrective waves can take on many shapes aside from a standard A-B-C retracement. As patterns mature, counts will change as more price action occurs providing additional clarity. The rally off the October 2023 lows has no particular definitive shape and started out in a overlapping manner. The application of Elliott Wave Theory is not magic, nor is it some sort of divine foresight. The forecasting of markets is reading into the human behaviors of crowds. Yes, most of the time, crowds act in predictable fashion…in contrast, other times, they do not reveal their ultimate intentions until the very end. Currently below SPX 4818.62 the advance off the October 2022 low of 3491.58 remains a (B) wave retracement. The moment price breaches that level the ending diagonal pattern becomes the most valid conclusion. The problem I currently have with the ED pattern is this advance would fit best as just the a-wave of wave 5 in an ED. However, there are no rules governing this this pattern aside from each of the 5 waves must consist of 3 subwaves...to breach 4818.62 in direct fashion would provide that...so whereas I would expect this to be just the a-wave...the pattern would fulfill the minimum criteria of being complete. So, we have very little clarity to speak of until we get a decline. The pathways forecasted are outlined above.
SP:SPXShort
by maikisch
EURUSD Short Corrective ABC wave @ 4HR Timeframe.EURUSD Short Corrective ABC wave for few pips. In this trade entry was took at 1.09237, TP1 @ 1.09523, TP2 @ 1.09636. SL 1.09033. We can trail the stop according to the ADR levels. After this short correction, we can expect the another correction for downside. Note: EURUSD is Bullish Long on Daily, Weekly, Monthly as per my analysis. Kindly, note this analysis is for educational purpose only. Trading is the Subject to the market risk. Trade safely.. Happy Trading.
Long
by JagadishSinghR
TRADE SETUP_ bottom in place for SCI _ 30% upside potentialThis PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep. This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential. The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun. CMP 135 SL 127 TARGET 170 NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
NSE:SCILong
by neeraj_2_sharma
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
Wave 3 in JTEKTINDIA can kickstart a 60% rally in the stock!The stock had witnessed a five wave impulsive rise in March 2023 which went on till Aug 2023. The impulse drove the price of the stock up by 76% from March bottom. This phase was then followed by a three month long correction(zig-zag or ABC) leading to a 50% retracement of the gains made during the impulsive wave. Now that the corrective phase is over, the stock has slowly started making minor waves to the upside to unfold a major wave 3 that can be projected going towards the INR 210-220 zone(55-60% from CMP). The stock closed at a +4.26% gain on Tuesday's session alongside massive uptick in volumes - signs of fresh buying. CMP - 138 SL - 127 TARGET - 220
NSE:JTEKTINDIALong
by neeraj_2_sharma
USDJPY Hunting Resitance On Hawkish BoJUSDJPY came sharply to the downside recently on the hawkish BoJ which now saying that normalization can happen, possibly in March of 2024. Also, Ueda said that policy change could involve element of surprise . So we evne shoudl be aware of some volatile price moves in weeks ahead, ideally in favour of the JPY. From an Elliott wave perspective we see nice turn lower, through the daily trendline support so more weakness can be coming after a corrective rally that is still in play. I see some nice resistance for wave 2/B rally is at 146.60-148. GH
by ew-forecast
Wave 3 in AARTIDRUGS can push price up by 80%!!The Stock witnessed a five-wave impulsive rise beginning in March 2023 and ending in July 2023. The impulse move led to a 105% rally in the stock in a matter of just 5 months. Since the completion of the wave 1 in July however, the stock went into the corrective wave 2 structure between July-October. The corrective phase can be marked as an Elliot wave Zig-zag(ABC) and led to a 50% retracement of the wave 1. This phase ended in October and between October-November the stock displayed a slow moving leading diagonal as the first sign of reversal from the bottom of INR 444.This tiny diagonal is the only starting piece of the massive leg that is yet to unfold in the stock, taking it towards the INR 900 mark. The diagonal and its correction can be labeled as wave i&ii of 3 respectively and now the stock has "jump-started" the wave iii of 3 on 18DEC with a +4.2% closing alongside uptick in volumes. Upon successfully surpassing INR500 level, the stock shall be at the INR550 in 'very quick move'. INR 900 is the projected target region for the Wave 3. On the downside INR 470 can be used as 'SL'. Note*- The views expressed are based on personal opinions and observations. Please do your own research before making any trading/investing decisions.
NSE:AARTIDRUGSLong
by neeraj_2_sharma
Arihant Capital Markets Ltd. Riding the 5th Wave ImpulseArihant Capital Markets Ltd: Riding the 5th Wave Impulse Daily Time Frame: Elliott Wave Analysis: Arihant Capital Markets appears to be in an impulse move on the daily time frame, with completion of wave 4 as a correction. Current Stage: Unfolding wave 5, with (i) and (ii) completed and a potential unfolding of wave (iii). Price Targets: Anticipating levels of 96 and 104 plus. Invalidation Level: A strict invalidation set below 63. Current Price Trading near 76. Technical Indicators: Breakout Confirmation : Price has given a breakout on the daily time frame with significant volumes. Indicator Alignment: Major indicators like MACD, RSI, RK's Magic, RK's Brahmastra, etc., are aligning positively, supporting the bullish bias. Snapshots: Attached snapshots of the indicators for reference. Elliott Wave Concept - 5th Wave Impulse: The 5th wave in Elliott Wave theory is often an impulse wave that signifies the final leg of a trend. Impulse waves are characterized by strong, directional price movements. Wave (iii) within wave 5 is typically the most powerful and extends higher, often exceeding the peaks of wave (i). 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. Breakout with good intensity of Volumes on Daily and Hourly time frames RK's Magic says positive on Daily RK's Brahmastra says Positive bias on Daily Possible Elliott wave structure could be this MACD on Daily is positive and Strong enough MACD on weekly too RSI showing good strength on Daily chart
NSE:ARIHANTCAPLong
by RK_Chaarts
4