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Impulsewave

Elliott Wave (3) Awakening: Laxmi Organic Industries Ltd.Laxmi Organic Industries Ltd. has completed wave (1) in blue Intermediate degree on the weekly chart from its inception till the peak in September 2021. Wave (2) has completed at the bottom in June 2024. We are now possibly starting to unfold wave (3) in blue Intermediate degree on the weekly chart, which is generally a strong impulse wave. Wave (3) Characteristics and Strength: - Strong Impulse: Wave (3) is typically the most powerful and extended wave in the Elliott Wave cycle, characterized by strong price movements and high trading volumes. - Fibonacci Extension Target: The ideal target for wave (3) is the 161.8% extension of wave (1). Using the Trend-based Fibonacci Extension tool, this projects a price target near 1000. - Subdivisions: Wave (3) is expected to subdivide into five smaller waves (minor degree), each representing a smaller impulse move within the larger wave. Current Price Action: - Current Price: 265 - Key Levels: - Invalidation Level: 220 (last swing low) - Breakout Confirmation: 277 (a break and close above this level will confirm the start of wave (3)) Technical Indicators: - Bullish Divergence: At the bottom in June 2024, double bullish divergence was observed, signaling potential reversal. - Dow Theory Confirmation: We are waiting for the first higher high and higher low formation to confirm the bullish impulse. This pattern will strengthen the case for wave (3) initiation. Risk-Reward Ratio: - Risk: Very low, with the stop-loss set at the invalidation level of 220. - Reward: Potentially huge, with a target of 1000 or more, aligning with the 161.8% Fibonacci extension of wave (1). - Risk-Reward Ratio: Excellent, considering the low risk and high reward potential. Trading Strategy: - Entry Point: Consider entering a position now while the price is at 265, with a stop-loss at 220. - Confirmation Entry: A more conservative entry can be made once the price breaks and closes above 277. Conclusion: Laxmi Organic Industries Ltd. appears to be in the early stages of wave (3) in blue Intermediate degree. Given the characteristics of wave (3) and the current technical setup, this presents an attractive trading opportunity with a favorable risk-reward ratio. Monitoring the price action for a break above 277 will provide further confirmation of the bullish impulse wave. 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.
NSE:LXCHEMLong
by RK_Chaarts
10
TSLA Elliott Wave Insight: A Bullish Path AheadTechnical Analysis of TSLA Based on Elliott Wave Theory Overview Based on the Elliott Wave Theory, we observe that TSLA has commenced a fresh impulse wave from the bottom of January 2023. This new wave marks the beginning of wave I in the red cycle degree, which concluded at the peak of July 2023. Following this, wave II in the red cycle degree began moving downward and concluded at the bottom of April 2024. It is crucial to note that wave II did not retrace beyond the start of wave I, confirming that the Elliott Wave principles have been adhered to. The bottom of wave I was at $101.43, and wave II concluded at $138.86, which is within the acceptable range. Now, wave III in the red cycle degree has started its upward journey, which is expected to show significant strength and momentum. Typically, wave III can extend up to 161.8% of wave I, implying a strong bullish trend. Subdivision of Wave III Within wave III in the red cycle degree, there are five subdivisions expected, labeled as wave ((1)) to ((5)) in the black primary degree. Currently, we have embarked on wave ((1)) in the black primary degree, which itself should also subdivide into five smaller waves labeled wave (1) to wave (5) in the blue intermediate degree. - Wave (1) and Wave (2) in Blue Intermediate Degree: These waves have already been completed. - Wave (3) in Blue Intermediate Degree: We are likely in the early stages of this wave now. Characteristics of Wave III Wave III is often the longest and most powerful wave in the Elliott Wave sequence. Here are some key characteristics and signs to watch for: 1. Momentum and Strength: Wave III usually exhibits the strongest momentum and covers the most distance in the shortest time compared to waves I and V. 2. Volume Increase: There is often a significant increase in trading volume, reflecting heightened investor interest and confidence. 3. Impulsive Nature: Wave III is impulsive, meaning it moves in the direction of the larger trend. This is often driven by fundamental news and investor sentiment. 4. Extension: It is common for wave III to extend, reaching up to 161.8% of the length of wave I. 5. Subdivisions: Within wave III, there should be clear five-wave subdivisions in lower degrees, following the typical Elliott Wave structure. Roadmap and Invalidation Level The roadmap for TSLA suggests a bullish trend ahead, supported by the structure of the waves and the characteristics of wave III. The key invalidation level to watch is $138.86. As long as this level is not breached, the bullish outlook remains valid. - Wave III Target: Ideally, wave III could extend to around 161.8% of wave I. - Key Invalidation Level: $138.86. If TSLA breaks below this level, it would invalidate the current wave count and necessitate a reassessment of the wave structure. Conclusion The Elliott Wave analysis of TSLA indicates a strong bullish trend with the commencement of wave III in the red cycle degree. This wave is expected to show substantial strength and momentum, with a likely target near 161.8% of wave I. As long as the invalidation level of $138.86 holds, the bullish bias remains intact. Investors and traders should watch for the key characteristics of wave III and monitor the wave subdivisions closely to confirm the ongoing wave structure. 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.
NASDAQ:TSLALong
by RK_Chaarts
4
USDCHF Corrected! DOWN to .8700 Range!!Here I have USD/CHF on the Daily Chart! After USD/CHF finished its Impulse Wave May 1st with a High @ .92242 we see based on the Low or Point A @ .89879 followed by a LOWER HIGH or Point B @ .91587 .. We are given all the Ingredients for a CORRECTION WAVE!! Now based on the break of the NEW LOWER LOW @ .88809, using the Fibonacci Retracement Tool, we see price has made a perfect 61.8% Retracement!!! On the initial Touch of 61.8% I took Sell Entries but we will certainly see this pair FALL!!! Range Target is ( .87748 - .86842 )
Short
by Novi_Fibonacci
4
UCAD Correction to 1.3300 Levels!!Here I have USDCAD on the Daily Chart! Since its High in April @ 1.38461, we have made multiple attempts at breaking this Support Zone @ ( 1.3627 - 1.3615 ) Acting as a Roof, we have a Falling Resistance where Price tested a couple times then brought False Breaks the past 2 weeks with Price dipping down to this Support!! Based off the High of April and the Failed Attempt at a Higher High @ 1.37434, we are potentially looking at a Correction Wave!! Now, for this idea to play out, we need price to make a VALID Break Down below this Support Zone! To then find Lower Support making a LOWER LOW confirming price to continue DOWN!! Upon which we should see price come up to the ( 1.3627 - 1.3615 ) Support Zone to test as RESISTANCE!! Which then will give us our Selling Opportunities! Based on the Fib-Ext Tool, we could see price Plummet to the ( 1.33278 - 1.32295 ) Range Target!
Short
by Novi_Fibonacci
#nzdcad Elliott wave analysisAs you can see in the chart, it seems like the price has completed the 3rd wave of wave 3 and is now getting ready for a bearish corrective move to form wave 4 of wave 3. During this bearish correction, we could expect the price to retrace all the way towards the static support zone. However, based on the three basic rules of Elliott Wave theory, wave 4 cannot interact with wave 1. As a result, if this labeling is going to materialized, then the price cannot go below 0.82190. And that's where our stop loss could be placed.
by mohemati
Last Leg To The Finish Line - UCHFHere I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to either: 1) Finish its BULLISH run to the Fib-Ext Ranged Target @ ( .91572 - .93426 ) -OR- 2) Look to make another Retracement to the ( .88726 - .88418 ) B/C Zone for another Potential Entry to surf the Wave the rest of the Way! *RSI is showing we are currently Over-Bought, so this leads me to believe we could see price descend to our Zone. Fundamentally- -The BIG contributor to this scenario is with the SNB being the FIRST this year to cut their Interest Rates making the CHF look less attractive to investors & The FED holding rates gives the USD a Leg UP! *Forecasters for Next Weeks News (Apr. 1 - Apr. 5) are leaning towards Bullish Outcomes so that could help feed the Bullish Mindset of traders for USD to start the new month off but ANYTHING can happen so BE MINDFUL OF NEWS!!
Long
by Novi_Fibonacci
35
Elliott Wave Analysis of HCLTECH: Wave 5 in FocusElliott Wave Analysis of HCLTECH In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice. Monthly Time Frame: Bigger Wave I and II: HCLTECH has completed its Bigger wave I and II on the monthly time frame. Wave III: The stock is currently unfolding wave III on the monthly time frame. Weekly Time Frame: Within wave III, we observe weekly counts unfolding as subdivisions in wave ((1)) & ((2)). The stock is currently in wave ((3)). Inside wave (3), subdivisions as wave 1-2-3 & 4 have been completed. Daily Time Frame: We are now possibly unfolding wave 5, which is a subdivision of wave ((3)). Wave 4: The daily wave 4 has completed its subdivisions as wave ((w)), ((x)), ((y)), ((x)), and ((z)). Wave ((i)) of 5: If our assumptions are correct, we have started to unfold wave ((i)) of wave 5. Key Levels and Risk Management: Invalidation Level : The low of wave 4 is set at 1435, serving as the invalidation level for going long. This is the stop loss level to be mindful of when entering a trade. Upside Target : Wave 5 could cross above the highs of wave 3, which is the all-time high at 1697, and more. Insights: Confirmation of Trend: Watch for a clear breakout and confirmation of trend to validate the start of wave ((i)) of 5. Caution: As with any investment, caution should be exercised, and risk management is essential. Market Behavior: Keep an eye on market behavior and patterns as they unfold to validate the count. This analysis is intended for educational purposes only and should not be considered a trade or investment tip. Always conduct your own analysis and consult with a professional before making any investment decisions. 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.
NSE:HCLTECHLong
by RK_Chaarts
Correction Wave Incoming! - GUHere I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could be looking at a Correction Wave!! -Will our Support Zone turn RESISTANCE?!? I will be looking for Price to make a Retracement to our Fibonacci Levels in our Support Zone for a SELL ENTRY @ ( 1.25241 - 1.25394 ) Range Target @ ( 1.21346 - 1.19992 ) SL @ 1.25932 *Levels Subject To Change* Fundamentally for the remainder of the week, GBP - Retail Sales (Fri) USD - Unemployment Claims/Philly Manufacturing Index/Existing Home Sales (Thur) *Next Week we will be getting PMI numbers so WATCH FOR NEWS!!
Short
by Novi_Fibonacci
2
BULLISH TRI BREAK to Finish ABC Move for +2500 PIPS?! - UJHere I have USDJPY on the Weekly Chart! Price has been meeting all the criteria since its LOWEST LOW recorded @ 75.565 in Oct. 2011 to have then started what looks to be a Correction Wave (ABC). *This Low also seems to have been the completion of the 5th Wave of the Impulse Wave since UJ hit markets in Jan. 1971!! On the chart you will see that we have continued to make HIGHER HIGHS & LOWS since our Low of 2011 and price after making its HIGHS, finding support at the Target Fib'd Retracement Levels! This month of April has been a remarkable month for USD in the UJ pair: -April has been nothing but overall BULLISH for UJ -The past 2 weeks has not only given us a Break up out of the Resistance Zone of ( 151.944 - 149.710) that has contained our Highs since Oct. '22 but has CONTINUED to reach even HIGHER giving us a BULLISH BREAK of the BULLISH TRIANGLE that price has formed with our Resistance Zone and Rising Support created by our LOWS in Jan. of 2023 & 2024! Fundamentally what really pushes this move is the fact that the USD is now looking to keep rates still "Higher For Longer" with potentially only 2 Rate Cuts this year!! This can really feed favorability from investors towards the USD! What does this all mean?? Firstly, we want to see if this CURRENT HIGH price is moving on is VALID!! *I would like to see Price retrace to test these HIGHS in the Resistance Zone of ( 151.944 - 149.710) to see if this level changes to SUPPORT!! -If so, we will be looking to be BUYERS!! Potential Range Target - ( 178.097 - 196.821 )
Long
by Novi_Fibonacci
3
Last Leg (Update) - USDCHF Year So FarHey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what you think and thank you so much for all the Support!! .. It all started with a little Double Bottom on the Hourly Chart
Long
by Novi_Fibonacci
1
SPY to $460Overview Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March. Trading Patterns SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within the wedge, I outlined an impulse wave pattern which shows SPY at what may be the peak of the third wave. Rising share price on dwindling volume, in addition to divergences spotted on the RSI, MFI, and MACD, lead me to confidently believe a dip to around $460 is approaching. Price Target I used the support and resistance lines of the macro rising wedge to determine the paths of the impulse waves, assuming their troughs and crests will reach the respective lines. Presuming the rules of impulse waves hold true then the fourth wave cannot end pass the crest of wave one, which falls in line with the 50% retracement level of the third wave (blue and red Fibonacci tools). This level rests at a share price near $460. Utilizing a larger Fibonacci tool to encompass the entire rising wedge and a projected fifth wave crest as 100%, the $460 share price is around the 61.8% Fibonacci level (when used in the uptrend). Supporting Technical Indicators The MACD shows a divergence as well as an approaching cross over its signal line from above. While not as prominent as MACD, the RSI also shows a divergence between the share price and peaks within the RSI oscillator. I've highlighted the divergence by placing a horizontal line at the end of the first peak. It is also reflecting overbought signals. The MFI shows a sharp negative slope but the SPY share price is still rising. This divergence, aligned with the signals of the other two indicators, suggests the share price may be about to drop.
AMEX:SPYShort
by Shepherd_Investor
EURCAD I Potential intraday short to 50% fib of impulse candle Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
GBPUSD I Short-term buy from support after recent impulseWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
Leading Diagonal : Elliott wave Analyisis (Elliott Baba)Leading Diagonal : Elliott wave Analyisis This pattern subdivides into 5 waves. Wave 2 never ends beyond the starting point of wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a triangle or a triple three structure. Waves 1, 3 and 5 can be formed like impulses or zigzags.
NSE:INDUSINDBKEducation
by Elliottbaba
GBPJPY I Impulse Correction with Caution Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
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
#CADJPY Elliott wave analysishello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now that the price reached the top unless we are witnessing a running flat we can expect that the bullish move as wave B is also reached its destination and from now we can wait for the wave C to be completed. Initial target would be the previous low if we assume that this large corrective formation is regular flat. For opening a position in case you want to use candle stick patterns you can wait for the weekly close and see if price formed evening star which seems possible. Other than that you can always wait for price to penetrate the previous low or perhaps triggers can be found in lower time frame and following the lower time structure. Also it should be noted that in case price close above last week high or close above resistance level this wave analysis is invalid. Please let me know if you like this kind of long term analysis.
Short
by mohemati
5