Get started

Elliotwavecount

BNBUSDT BEARISH, Bulls be careful!This analysis is on BNBUSDT however, it relates to the market as a whole as all major crypto coins usually trend in the same direction. This (A)(B)(C) Elliott Wave pattern indicates weakness from the bulls. Wave (C) formed an "ending wave diagonal" where wave 3 is shorter than 1 and 5 is shorted than 3. This usually indicates exhaustion from the bulls and a reversal to the downside. The red box indicates an area that would be good to enter a short position. The green box is where previous support was found due to high levels of volume being recorded. The green box is also where (D) would equal 0.618 (the golden ratio) of (B). This is a common ratio for wave (D) if an ABCDE triangle was to form. In order to reach this level, the price would need to break below the upward sloping trend line. I hope this helps you with your trading and as always, good luck! Disclaimer: Not financial advice, intended for educational purposes only
Short
by TradewithLu
ABFRL POSSIBLE WAVE COUNTS - ADITYA BIRLA FASHION AND RETAILHello Friends, Today I am sharing my view on Aditya Birla Fashion And Retail Limited. ABFRL is now ready for new long positions as per Elliot Wave structure. It is suppose to complete WAVE ABC as Expanded Flat Correction which usually comes in 3-3-5 waves. Now price is in 5th wave of corrective wave ABC which any time get reversal from downtrend to uptrend. MACD showing strength as price is making lower low but macd makiing higher low similar Scenario with RSI confirmation of reversal One can make new long positions in ABFRL after the breakout of wedge pattern. Disclaimer I am not SEBI registered analyst. all the studies are for educational purposes. I am not responsible for any kind of your profits and losses.
NSE:ABFRLLong
by KARANN_DINGRA
6
BNBUSDT Short (Longer term view)Here we have a longer term trade for BNBUSDT shown on the daily chart. The Elliott Wave pattern shown in the image is an "ABC" pattern. Blue wave (A) moves upwards and consists of 3 waves: A,B, and C (in yellow). Blue wave (B) moves downwards and consists of 3 waves: A,B, and C (in yellow). In accordance with the theory, wave C in an ABC must end with 5 waves, which is what we see with blue wave (C). Blue wave (C) also formed an "ending diagonal" which usually signals that a sharp reversal is due ahead. Entry price 1 is so that the position can be entered in case we continue down from here and is at 311.03 Entry price 2 is there in case the market pushes higher one last time before moving down and is at 347.35 Be cautious not to over allocate capital at Entry price 1, otherwise your risk:reward ratio will go down to around 1:1 Profit target 1 is at 253.77 Profit target 2 is at 235.74 As always this is not financial advice and is only intended for educational purposes
Short
by TradewithLu
XRPUSDT LongThis is Elliott Wave Analysis that shows a potential long trade opportunity. If Bitcoin breaks down sharply, do not take this trade, as the price will likely drop much further than shown in the image. If the parallel trend channel holds, this could be a good trade. If you do take this, be ready to cut the trade if the market drops further than expected. It is best to not enter with a limit order, but manually enter using a market order if the market seems to hold within the green triangle buy zone shown in the image. Entry: Between 0.4073 and 0.4000 Exit: 0.4337: profit target 1, 0.4581: profit target 2 Stop loss: 0.3792 Disclaimer: Not financial advice - intended for educational purposes only
Long
by TradewithLu
BHARTI AIRTEL - POSSIBLE ELLIOT WAVE COUNTSHELLO FRIENDS, Today I am sharing the possible ELLIOT WAVE counts of BHARTI AIRTEL on monthly, weekly and daily time frames. Bharti Airtel is in wave (5th) of 3rd wave of bigger impulse wave 12345. Generally as per ELLIOT WAVE guidelines, bigger wave 3 may go up-to 1.618 of fib levels which is around 1060 on spot chart and also shown in the charts given below. WAVES and DEGREES to refer and understand the chart smoothly. Bigger Wave - 12345 one degree lower wave - (12345) two degree lower wave ((12345)) three degree lower wave - (((12345))) Time frames and ELLIOT WAVE COUNTS MONTHLY - BHARTI AIRTEL is in the 3rd Wave of bigger Wave 12345 WEEKLY- It is in the ((5th)) wave of smaller degree wave ((12345)) which will complete Wave (3rd) and then after we can see some correction in wave ABC or ABCDE to complete wave 4 and after completion of wave 4, the price will again move towards north to start wave (5th) that will complete bigger wave 3rd DAILY- It is in the smaller degree wave (((1))) of higher degree wave ((5th)) which will complete the wave (3) monthly time frame chart which is showing that the price is in wave 3 of bigger wave 12345. weekly time frame chart showing that the price is in wave ((5th)) of wave (3) daily time frame chart showing that the price is in wave (((1))) of wave ((5)) It has also give a breakout of BASE FORMATION PATTERN with intensity is volume (i.e. volume is above MA) at the time of breakout, trend indicator such as MACD and Oscillators such as RSI also shows strength in price. MACD in daily MACD in weekly RSI in daily RSI in weekly Price is also above 100 Exponential Moving Average in Daily Time Frame Summary- Price showing UPTREND as per Elliot Wave and also Price has given Breakout with good intensity in volume which again supports our bullish view. Price have given close above 100 EMA which also signifies the bullish view. trend indicators and Oscillators are aligned in double time frame which boosts the importance of our view. Thus, stock is supposed to move in north. DISCLAIMER I am not SEBI registered analyst. please consult your financial advisor before investing. My studies are for Educational purpose. I am not responsible for any kind of your profits and losses.
NSE:BHARTIARTLLong
by KARANN_DINGRA
🌊 Elliot Wave Cheatsheet📍 What Is Elliott Wave Theory? In technical analysis, the Elliott Wave theory is the analysis of long-term trends in price patterns and how they correspond with investor psychology. These price patterns, referred to as ‘waves’, are built on specific rules that were developed by Ralph Nelson Elliott in the 1930s. Specifically, they were designed to identify and predict wave patterns within stock markets. Importantly these patterns are not intended to be certain, but instead provide probable outcomes for future price movements. 📍 How Do Elliott Waves Work? Within Elliott Wave theory, there are different forms of waves, or price formations, from which investors can glean insight. Impulse waves, for example, include both an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave cannot be shorter than wave one, three, and five; wave four cannot surpass the third wave ever. Along with impulse waves, there are corrective waves, which fall in patterns of three. 📍 Impulse Wave The impulse wave in Elliott Wave Theory is the wave that pushes the prices in the same direction as the trend at one larger degree. It’s the action wave. While the corrective wave is the reaction to the first wave. Therefore, the corrective wave moves in the opposite direction of the main trend. The impulse wave is composed of 5 waves according to certain conditions & rules. Impulse waves are always composed of five waves, labeled 1,2,3,4,5. Waves 1,3 & 5 are in the direction of the main trend. Whereas, waves 2 & 4 are in the opposite direction 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
Bitcoin Reversal with Highest Volume of 2023?I Want to point out a few things about the last bitcoin's possible reversal point: 1- We had the highest volume on daily candle since 2023 with a bullish pin bar 2- The price rejection is from the previous cycle ATH around 19700$ which makes it an important level (Maybe the strongest support till 16000$) and also near the bottom of the ichimoku cloud Now, IF we consider this as a reversal , there are a lot of things happening here: 1- A huge channel has appeared beginning from 16300$ which I draw as a Fibonacci channel 2- Trading View's Elliot Wave chart pattern shows the targets with its wave projection considering the end of wave (a). And here are a lot of Resistances on the way (If you needed to read more about Volume Profile here is the link ): 1- Around 21500$ is both VAL of the Volume Profile and a technical resistance around the end of the wave (4) as the first target of the wave (b) projection 2- Around 23000$ is both POC of the Volume Profile and around the top of the ichimoku cloud as the last target of the wave (b) projection 3- Also we have a bearish trend line on the way And don't forget that Today and Tomorrow we will have the least volume and price movement according to the averages (linked the script on the related ideas), so Monday will be the real deal.
Long
by NoaTrader
What if Citron is right?Current market cap = 14.889b FY 22 sales = $2.57b Price to Sales ratio = 5.80 Etsy has been accused by citron research of selling counterfeit products look at the below tweet for their reasoning twitter.com Now here are the 3 big questions to be answered 1. Will ETSY face legal problems in removing all counterfeit products? 2. What % of their 2.57b revenue comes from that products? 3. How much will they have to cut on their ads spend once they deal with this potential problem? how will that affect their sales numbers in the future? I don't think Mr market likes companies in that kind of legal trouble! $12 market price = $1.48b market cap ;) P/S = 0.5-1 ??? My gain is your loss ;) it's a zero-sum game after all. Do your own research! Look first / Then Leap
NASDAQ:ETSYShort
by UnknownUnicorn274312
1
2nd test drive for a mix of smc and elliott for bearish scenarioIn previous post we mentioned the buy side opportunity and it was a model without the taking considiration of htf bias. Bias is bearish and even though it is from a chart which was a false one. it gave the idea that htf bias is soo important. As smc mentions it a lot. that is a great example if you dont take it into considiration. Even though the strategy is right you might end up having a losing trade. Market structure shift and reversals are different matter ofc. Now this chart is from Binance and you can see how it is affective to have a bias from htf. so this is a bearish scenario. There is a 1h fvg and it might be a magnet for the price to go down. Again it will be shown in elliott waves.
BINANCE:BTCUSDShort
by WavePro
1
BTCUSDT Potential Harami bearish on 1MA Harami bearish, candlestick reversal pattern, is about to occur on 1M chart twice after the All-Time-High event. If this projected drawdown plays out. This indicate a strong bearish signal. Harami is highly reliable in bearmarkets, in which pattern is a signal of top price. A Harami bearish just played on 1W chart. This replication on monthly chart will signal potential lower low, i.e. the bottom 15k of moonbois is nothing but a dream. Greater timeframe, greater reliability. The micro price action is performing like a final phase (E) of distribution pattern of Wyckoff method. Now, on hourly chart, we can see a Head and Shoulders top formation targeting local demand. Also, an Alternate Bat harmonic pattern can occur, projecting price more drawdown, as we can see on chart. Abandoned Baby bearish candlestick pattern is also performing on H4. Oscillator Fisher Transform bearish. Elliot Wave Method ] Bitcoin seems to be ready to ride a route-off of this choppy bear market, as in a turn-point to made the 5th wave of an expanding ending diagonal, in which a bearish impulsive wave can occurs to throw-over this broadening wedge structure. This indicate potential lower low. According to my wave count, Bitcoin is about to accomplish this actuall supercycle, making a wave 4 of an expanding ending diagonal, in which one more supercycle may complete this potential pattern, which a new ATH can surpass 200k. The 5th wave of the ending diagonal, which will be the next bullrun supercycle to complete the wave I of the Grand Supercycle, don't needs to touch the upper trend-line. For the validation of this pattern, the bottom of this actuall bearmarket needs to be accomplished, completing wave 4. Then, the shape of the channel will be definetly drew. If this market respect Elliot Wave rules, a severe bearmarket will occurs to made the Wave II of Grand Supercycle. From a chart pattern perspective, this peak can be consider a pullback to Head and Shoulders neckline in confluence with the back-test to anchored VWAP from ATH. Indicating turn-point. Fibonacci Historically, In all corrections, BTC retraced either 88.6% of the same measured Fibonacci retracement, decreasing more than 80% in it's price from each new all-time-high. As we can see applied on this chart, a drawdown either 50% can be expected. Pivot levels Stablished pivot levels from the sum of HH+HL+Close:3 from the choppy sectors selected. in a fractal manner, the pivot level is a potential area of interest to re-entry. The price can shakeout in this range due to the anchored VWAP from candle of 13-Jun'22 reaction, thus I've pinpoint these levels to be watched. Harrmonic pattern prediction In prediction, a Partizan 2.4 harmonic pattern can be formed on this speculative bottom region, lead price above to 40k supply region.
Short
by firmestudio