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Wavetheory

Hellena | Oil (4H): Short to 50% Fibo lvl 76.54 (Wave "a").Dear colleagues, after the last target achievement the price is actively growing and I believe that this growth is not over yet, but I expect a correction to the area of 50% Fibonacci level 76.54. This movement is a corrective wave "b". After it I will consider the continuation of the upward movement, but at the moment the price needs wave "b". Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
2
Hellena | EUR/USD (4H): Long to resistance area of 1.10079. Dear Colleagues, after such a strong news background, I believe that the price will not go for a strong decline. In addition, I see wave "3", which has not yet completed its impulse. Therefore, I assume that the price will continue the upward movement and the minimum target for today resistance area 1.10079. It is quite possible that the price will gain strength and reach 1.08949 (50% Fibonacci level) first. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
7
Hellena | SPX500 (4H): Long to resistance area 5407.Colleagues, the price has moved down a lot, but that means we have an opportunity to enter a long position more favorably. I still believe that price is still in an upward move of great impulse, and now there is a complex correction taking place. I expect an uptrend to begin around the 5172 area. The first expected target is in the 5407 area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
2
Hellena | DJI (4H): Long to resistance area 40071.Dear Colleagues, in the last forecast the price almost reached the target 41680, but sharply started to decline. This means that the price is in a complex correction (WXY). I expect that the price has almost finished the downward movement in wave (Y), and will start an upward movement soon. The level where the price may come to is 38799, but in general I expect an upward movement at least to the area of 40071. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BLACKBULL:DJ30.FLong
by Hellena_Trade
1
ULTRACEMCO: Wave ((iv)) Correction and Future ProjectionsTechnical Analysis on Exampled chart of Ultracemco Using Elliott Wave Theory As always, this analysis is provided for educational purposes only and should not be taken as financial advice. Proper risk management and consultation with a financial advisor are recommended before making any trading decisions. Understanding Elliott Wave Principles Elliott Wave Theory is a robust tool used by traders to analyze market cycles and forecast future price movements by identifying repetitive wave patterns. One of the core principles of Elliott Wave Theory is that markets move in five waves in the direction of the main trend (Impulse Waves) followed by three corrective waves (Corrective Waves). These waves are labeled numerically as 1, 2, 3, 4, 5 for impulse waves and alphabetically as A, B, C for corrective waves. A few key rules and guidelines include: Wave 2 cannot retrace more than 100% of Wave 1. Wave 3 is usually the longest and never the shortest among waves 1, 3, and 5. Wave 4 should not enter the price territory of Wave 1 (in a standard impulse wave). Additionally, corrective waves come in various forms like Zigzags, Flats, and Triangles, and these patterns provide insight into the market’s corrective phases. Current Wave Count and Analysis On the daily time frame of Ultracemco, the price action has been unfolding within an Elliott Wave structure, and as of the latest data, the market appears to be in the process of completing wave ((iv)) in black. The chart shows that the recent price action likely represents a corrective wave ((iv)), unfolding as an (a)-(b)-(c) structure, where wave (a) has been completed, wave (b) has bounced as a corrective upward swing, and wave (c) is currently progressing downward. Key Observations for Wave ((iv)): Depth of Correction: The retracement level of wave ((iv)) typically spans between 38.2% to 50% of wave ((iii)). The current retracement indicates that wave ((iv)) could find support around these levels, aligning with typical Elliott Wave corrective behavior. Equality of Waves (a) & (c): One common characteristic within a Zigzag pattern is that wave (c) often equals wave (a) in terms of length. This potential equality provides a target zone for the completion of wave ((iv)). Retracement of Wave ((iii)): The analysis of wave ((iv)) should also consider the Fibonacci retracement levels of wave ((iii)). A significant support area is found near the 50% retracement level of the prior wave ((iii)), which could act as a pivot point for the next upward move. Potential Outlook for Wave ((v)) Once wave ((iv)) finds its completion, the next expected move is an upward swing as wave ((v)), which should unfold in an impulsive manner. Wave ((v)) often represents the final thrust in the direction of the trend and is typically characterized by strong momentum and breadth. Characteristics of Wave ((v)): Extension: Wave ((v)) may extend, particularly if wave ((iii)) was relatively short. In such cases, wave ((v)) could push the price higher than expected, sometimes exceeding the previous high established by wave ((iii)). Fibonacci Projections: A common target for wave ((v)) can be projected using Fibonacci extension levels of waves ((i)) through ((iii)). The 61.8%, 100%, and 161.8% extension levels serve as potential price targets. Volume and Momentum: Increased volume and momentum usually accompany wave ((v)) as it represents the final push in the direction of the prevailing trend. Traders should watch for any divergences in momentum indicators, as they often signal the end of the impulse wave and the start of a corrective phase. Conclusion In summary, the analysis suggests that Exampled chart of Ultracemco is likely completing wave ((iv)), with potential support zones emerging as the market corrects. Following the completion of wave ((iv)), the price is expected to rise in an impulsive wave ((v)), targeting new highs. However, it's crucial to remember that Elliott Wave analysis involves multiple possibilities, and traders should consider these insights as part of a broader trading strategy rather than standalone advice. 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:ULTRACEMCO
by RK_Chaarts
2
Wave Theory in Motion: Understanding Key PatternsElliott Wave Analysis: Example used chart of Eicher Motors (NSE: EICHERMOTORS) This analysis is provided for educational purposes only and does not constitute trading or investment advice. All wave counts are subject to change as the market evolves. Always consult with a qualified financial advisor before making any trading decisions. Overview: In this analysis, we will delve into the current market structure of Eicher Motors through the lens of Elliott Wave Theory. The focus will be on identifying the wave count, potential price targets, and critical invalidation levels. Wave Count: Starting from the low at 4253, we have a clear impulsive structure labeled as wave (i). This wave consists of five smaller sub-waves, denoted by i, ii, iii, iv, v. The subsequent correction, wave (ii), retraced part of this impulsive move, unfolding in a typical corrective pattern, which then led to wave (iii). This wave extended higher, reflecting strong bullish momentum, followed by waves (iv) and (v) completing the impulsive sequence near 4976 where we had labelled as wave 3 completed. From there, an Expanded Flat corrective structure began, identified as a ((a))-((b))-((c)) pattern, which seems to have completed near ₹4,548. This marks the end of wave 4, a corrective wave within a larger impulsive sequence. Currently, the stock appears to be in the early stages of a new impulsive wave, labeled as wave (i) of a higher-degree wave ((i)) of one more higher degree wave 5. Elliott waves Theory based Target Assumptions: Given that wave 3 of the previous impulsive move ended around 4976, we anticipate that wave 5 should extend beyond this level. The first target for wave 5 would be around 5000, If momentum is strong, we could see further extensions. Invalidation Levels: Critical to any Elliott Wave analysis is understanding where the wave count might be invalidated: Nearest Invalidation Level: A break below 4548 would invalidate the assumption that wave (v) of wave C has completed. This would suggest that the corrective wave 4 is still ongoing or that a different corrective structure is forming. Main Invalidation Level: Should the price fall below 4253.85, it would invalidate the entire bullish wave count, implying that a much larger corrective pattern is unfolding, or a change in the trend direction is occurring. Conclusion: Eicher Motors is showing signs of a potential new impulsive move to the upside, However, traders should keep a close eye on the invalidation levels at 4548 and 4253.85. Breaching these levels would require a reevaluation of the current wave structure and could signal a deeper correction. 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:EICHERMOTEducation
by RK_Chaarts
Hellena | Oil (4H): Short to support area 72.631 (Wave 3).Dear colleagues, I am still hoping for a downward movement, it's just that I have revised the wave formation because the price has gone quite high. At the moment, I believe that the price is now completing the movement in the senior wave "2". After reaching the resistance area of 84.00 - 85.00, I expect the beginning of the big wave "3"! Therefore, I suggest to take what happened as an opportunity to enter a short position in the most profitable way! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
28
Hellena | EUR/USD (4H): Long to resistance area of 1.09800.Dear colleagues, I believe that the price will continue the upward movement. In all probability, the price is in wave "3" of the higher order and wave "3" of the lower wave. This means that the probability of an upward movement is strongly increasing. I expect a small correction to the area of 1.08696, then an upward movement to the resistance area of 1.09800. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
15
Hellena | SPX500 (4H): Long to resistance area 5407.Colleagues, the price has moved down a lot, but that means we have an opportunity to enter a long position more favorably. I still believe that price is still in an upward move of great impulse, and now there is a complex correction taking place. I expect an uptrend to begin around the 5172 area. The first expected target is in the 5407 area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
1
Bitcoin - When will we see the breakout?BITSTAMP:BTCUSD is preparing its most bullish breakout of the entire trading history! After a couple years of trading experiences, you will simply stop paying attention to your emotions. Looking at the chart of Bitcoin objectively, you can see that everything is still incredibly bullish. Despite the hesitancy at the previous all time high, Bitcoin is also not rejecting it towards the downside. Eventually, we will just see a monstrous bullish breakout. Levels to watch: $70.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
6
Hellena | GOLD (4H): Short to 100% Fibo lvl 2331,559 (Wave "C").Dear Colleagues, I believe that gold will start an upward movement, but first we need to complete wave “C” in a major correction. For this, the price needs to reach the area of 100% Fibonacci extension level (2331,559). A small correction to the 2420 area is possible first. The bears have not lost their strength yet. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
4
Hellena | SPX500 (4H): Long to resistance area 5684. Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”. I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477. After that I expect to reach the resistance area of 5684. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
4
#BTCUSD next week predictionIn BTC, we are either in wave 5 of iv, which could mark the end of the rally that started on July 5th, leading to an abc corrective move as indicated by the dotted line. Alternatively, we could be in wave 5 of iii. In this scenario, we might see a bearish corrective move followed by wave iv, which would then complete the rally. In either case, it appears that we are approaching a top, and the extent of the impending bearish move depends on the wave count. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
BITSTAMP:BTCUSD
by mohemati
2
BITCOIN - Last Chance to BUY? Hey traders, In the previous analysis, we were expecting bitcoin to move up from 0.5 - 0.618 fib levels. But what has happened is that price made a deep retracement towards 0.88 fib, which is good for us. why? The 0.88 fib level is very close to the low = tight stoploss = higher Risk to reward = Big gains LONG Setup: - Watch the break of the descending blue trendline - Wait for a retest or a pullback for entry - Stoploss: Below 0.88 fib or below the recent low - Targets: 76k, 80k, 87k, 96k and 99k. Good Luck and trade Safe
INDEX:BTCUSD
by Tradenessfx
1