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Elliott Wave Analysis of ATROAstronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe. Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching $20.35, which was labeled as wave ((iii)). Currently, the stock is believed to be in wave ((iv)), which is expected to consist of three subdivisions: (w), (x), and (y). As of now, we are unfolding wave (y) within wave ((iv)). This wave (y) is further subdivided into wave a, wave b, and the ongoing wave c which can go still lower. Once wave ((iv)) completes its formation, the expectation is for a rally to the upside, signaling the beginning of wave ((v)). This wave ((v)) has the potential to surpass the high of wave ((iii)), indicating a continuation of the bullish trend. However, it's important to note that the validity of this wave count may be challenged if the price drops below the $16 level. This would invalidate the current wave count and necessitate a reevaluation of the analysis. Traders and investors should exercise caution and consider risk management strategies when making decisions based on Elliott Wave Theory, as market movements may deviate from the expected patterns. Please keep in mind that this analysis is based on historical price data and patterns, and actual market behavior may vary. Always conduct thorough research and analysis before making trading 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.
NASDAQ:ATROLong
by RK_Chaarts
2
Hellena | EUR/USD (4H): long to 1.10241 (Wave 3).Dear Colleagues, I suppose that price has not completed the upward movement. Having analyzed by wave analysis I suppose that the price is in the senior wave 3 and junior wave 1. I suppose that 2 options are possible: Either the price will renew wave 1 Or the price will correct in wave 2 to the range of 38.2-50% Fibonacci levels (1.08999), then it will start the upward movement in wave 3 (1.10241). Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
2
Hellena | Oil (4H): Long to 100% Fibo lvl 81.85. Dear colleagues, earlier I wanted to write a forecast with a deep correction, but after reviewing the data I suppose that the price will go higher. I assume that it will be wave 2, but for now I expect a small correction to the support area of 78.88. Then I expect an upward movement to the area of 100% Fibonacci extension at 81.85. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:USOILLong
by Hellena_Trade
7
Hellena | EUR/USD (4H): Short to support area of 1.06970.Dear colleagues, the previous forecast is still active, but I will make a new one, because the price gives us a chance to go short profitably again. The previous idea will be linked to this one on the link below. I expect the price to start moving towards the support area of 1.06970 in the coming week. An update of the high in the resistance area of 1.08052 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
7
Natural Gas HUGE WIN Today!!Huge Move on Natural Gas just now. Here is the step by step setup. 4 hour trend was extended. MACD bullish divergence was also very strong. 1 hour CCI was above +100 15 minute TrendCloud signals were sent right to my phone and alerted me to the trade. Small $200 risk and we are now over $1000 in the green. If you like trading trend reversal trades then click the link in my profile and I will send you the trade plan for this exact set up. Enjoy Chris Juliano
NYMEX:NGH2024Long
by thechrisjuliano
Hellena | GOLD (4H): Short to 100% Fibo 1972.810.Dear colleagues, the price made a strong impulse downward and reached the level of 1989. I assume that this is not the end of the move and the price will reach the area of 100% Fibonacci extension level 1972.810. I suppose that this movement is a corrective movement in three waves. After reaching the target, I will redraw the waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
11
Hellena | Oil (4H): Short to 50% Fibo level 75.49.Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37. In any case, I expect the price in the area of 50% Fibonacci level 75.49. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:USOILShort
by Hellena_Trade
4
Hellena | EUR/USD (4H): Short to 61.8% Fibo 1.06824.The price has updated the low of the wave 1.07242, which means that it is quite possible that the formation of wave 2 has started. I rarely trade corrections, so I recommend waiting for the formation of wave 2 to the resistance area of 1.07894, then I consider only short positions to the 61.8% Fibonacci extension level of 1.06824. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
3