shiva560060

shiva560060

Chart Pattern & Technical Structure: Current Price: ₹223.05, Chart Type: 2-hour candle "Pattern Observed: Falling parallel channel formation" Recent Action: Price recently touched the upper trendline of the descending channel, indicating resistance. Bearish Wave Count: Looks like the price has completed a corrective wave up and could be entering the next leg...

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Technical Overview Current Price Action: Gold is currently in a corrective phase after a strong impulsive move upward. Elliott Wave Count: The structure indicates that Gold has completed Wave 3 and is now retracing into Wave 4, which is expected to find support before moving higher into Wave 5. Bearish Divergence on AO (Awesome Oscillator): The AO...

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Current Market Structure: NIFTY is currently positioned at the upper boundary of a parallel channel. A reversal from this point could indicate a downward movement within the channel. The next significant support is around 21,500 levels, marking the first potential stop (SOTP). If bearish momentum continues, the lower parallel channel support...

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Technical Overview: Pattern Formation: The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario. Breakdown Confirmation: The neckline (previous low) is crucial in...

shiva560060

Current Market Structure Based on Elliott Wave Theory Higher Timeframe Structure (Red Waves) Gold has completed its higher-degree Wave 3 and is now expected to enter Wave 4, which is a corrective wave. A corrective move in Wave 4 typically retraces between 23.6% to 38.2% of Wave 3. The correction may take a zigzag (ABC), flat, or triangle formation before...

shiva560060

Elliott Wave Analysis: Primary Wave Count (Red) The primary wave structure indicates a completed Wave 4, confirming a corrective phase before a downward impulse begins. The Wave 4 retracement appears to be near the 38.2% Fibonacci level, which aligns with a standard correction before a continuation downward. Intermediate Wave Count (Purple) A smaller...

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Pattern Formation Overview: The uploaded chart of DIXON suggests the formation of an Expanding Triangle (Broadening Formation), a pattern characterized by higher highs and lower lows, reflecting increasing volatility. This pattern typically forms in a corrective or consolidation phase before a decisive breakout. Key Characteristics of the Expanding Triangle in...

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Impulse Wave (1-5)- , the chart shows a completed five-wave impulse structure (marked in pink). Wave 1 starts an upward rally. Wave 2 is a corrective pullback. Wave 3 is the strongest upward leg. Wave 4 consolidates before the final rally. Wave 5 completes the impulse move. Corrective Wave (ABC) A three-wave correction (ABC) has started after the impulse...

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1. Long-Term Range Trading at Key Support The chart shows that Crude Oil (WTI) has been respecting the green line as a strong support-resistance zone for the past 5+ years. Previously, this level acted as resistance (2018, 2019, 2021) before a breakout, and since then, it has been tested multiple times as support (2022, 2023, 2024, and now 2025). 2. Support...

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1. Elliott Wave Structure The chart appears to follow an Elliott Wave structure, where the market is in a corrective wave (4). The labeling suggests that the current upward move is wave 4, which is expected to face resistance and reverse into wave (5) downward. 2. Resistance & Support Zones - Resistance Zone: Around 22,700 levels. This level is marked as a...

shiva560060

Market Structure: B-C Correction in Progress Current Trend: NIFTY is undergoing a B-C correction phase, where wave BC is expected to be an impulsive 5-wave movement on the downside. Retracement Scenario : Currently, NIFTY is in a corrective move within the 4th wave of the BC leg, retracing downward. Key Retracement Levels : Expecting a pullback to the...

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Your Elliott Wave analysis suggests that NIFTY is currently completing a complex 4th wave correction, which often involves sideways or volatile moves before the impulsive 5th wave begins. Since Wave 4 tends to be unpredictable, it's crucial to monitor key support and resistance levels to confirm the upcoming 5th wave rally. Key Observations & Expectations: Wave 4...

shiva560060 Updated 

GOLD is currently forming an ABC retracement wave, and Wave A is in progress. Based on technical analysis, the expected target for Wave A is around $2880. 📌 Key Points: 🔹 Wave A is the first leg of the corrective pattern, with a potential target near $2880. 🔹 Wave B may retrace to key Fibonacci levels before the final Wave C move. 🔹 This analysis is based purely...

shiva560060

Short-term Elliott Wave outlook for Gold (XAUUSD) suggests that, The 5th Long Wave has been Completed: This marks the end of an impulsive uptrend. Gold is now transitioning into a corrective phase. Current Move: 5th to A Wave in ABC Correction Wave A is unfolding, which is expected to be a 5-wave impulsive decline. Target: $2900, which would complete Wave...

shiva560060 Updated 

Elliott Wave analysis suggests that Gold is currently in the ABC corrective phase, where: Wave AB has been formed (possibly an impulsive or corrective leg). Wave BC is expected to be a 5-wave down move, which indicates a likely zigzag correction (5-3-5 structure). Target for BC = $2840 level, implying a significant downside move. Key Considerations for This...

shiva560060

Expecting BTC going down. Immediate Target is 65K, Timing is around 4 to 5th Nov,24

shiva560060

MRF - Bump - Run pattern occurred. This is bullish to bearish reversal pattern. Immediate target is around 98K. After Run, the fall is impulsive.

shiva560060

Adani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script. Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation...