Don't Miss this: Mastering Wave 3 Targets in Elliott Wave TheoryHello friends,
Welcome to RK_Chaarts,
Today we'll analyze WOCKHARDT LTD's chart using the Elliott Wave theory for educational purposes.
In this educational series, we'll explore how to assume the target of wave three. Today's topic is specifically focused on understanding the measurements and projections for wave three.
We can see that wave one on the monthly chart is complete, and wave two has also ended. Currently, we're likely in wave three.
Generally, wave three's target is 161.8% of wave one. If wave one is 100 points, wave three's target would be around 162 points. If extended, it can reach 261 points, 361 points, or even 423% in rare cases.
However, a key rule is that wave three will never be the shortest. If it's not extended, we expect it to be at least equal to wave one. Typically, wave three reaches 161.8% in general cases.
We've shared this analysis in a video format for educational purposes only. Please note that this is not a tip or advisory. Watch the video carefully to understand how the Elliott Wave theory helps us analyze the chart and set targets.
Thanks for joining and watching the video! If you like this series, please like and comment below. Your feedback will encourage us to create more content.
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_Chaarts 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_Chaarts 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.
Community ideas
How to Enter Trades the RIGHT Way!In this video, we're tackling an important question from our community member who's been crushing it in paper trading but faces the common challenge of entering trades blindly based on alerts, fearing they'll miss out otherwise.
We'll discuss:
Why blindly following signals can hurt your long-term success
The power of context in market structure: Why waiting for price to hit key support/resistance levels drastically improves your entries
A practical approach to manage FOMO: How scaling into trades can balance quick reaction times with better entries and tighter stops
Real examples of good vs. rushed entries, highlighting the impact on your risk-to-reward
Don't Miss Out! Mastering Elliot Waves : 3 Essential PrinciplesHello friends!
Welcome to RK_Chaarts !!
Let's dive into the ruling principles of Elliot Waves that we cannot violate. There are three key principles:
1. Wave 2 will never Retrace more than 100% of wave 1
2. Wave 3 will never be the shortest among the three impulses (1, 3, and 5).
3. Wave 4 will never enter the territory of wave 1 (except in diagonals or triangles, where wave 4 can overlap with wave 1).
In this post, we'll explore how to apply these principles to analyze and solve the puzzle of a complete chart. We'll use a live example from the chart of SAMVARDHNA MOTHERSON, which is a tough and technically challenging chart. However, using Elliot Wave principles, we'll attempt to solve it.
Please note that this post is for educational purposes only and should not be considered as trading advice. We'll discuss potential scenarios, alternative possibilities, and "what-if" situations.
I hope you find this post helpful and informative. It's a comprehensive explanation in Hindi, and I'm confident that you'll gain valuable insights from it.
Happy learning!
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_Chaarts 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_Chaarts 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.
SPY/QQQ Plan Your Trade Update : Behind The Scenes ResearchI want to say thank you to all of you and to share with you all the work/resources/servers/and other data I maintain to help me identify where and how the markets will present opportunities to all of us.
This video shows you a bit of the behind-the-scenes work I do and some of my proprietary modeling systems.
I'm not sharing this with you to try to win you over or to tell you I do more than anyone else in terms of research. I'm sure there are many others who go much further than I do in terms of trying to dissect the markets and the opportunities available.
But I do believe I deliver very unique research, which is a one-of-a-kind solution for traders.
Again, I'm not 100% accurate (I wish I were).
But I am trying to share some of the decision-making solutions I use to understand where the markets are likely to move over the next 2- 4+ months and how traders can profit from my research.
Remember, you are only seeing about 10% of my total research, tools, modeling systems, and capabilities in these Plan Your Trade videos.
I want to thank all of you who continue to value my work. It is not easy. It takes money, time, and resources to continue to monitor all of these systems/algos.
The end result, I believe, is one of the most unique future/current modeling system resources you can find anywhere.
Again, thank you for making my research a success. I promise to do more and improve my tools over the next 12+ months for everyone to find better profits.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
How to Place Different Types of Futures Orders on TradingViewThis tutorial video walks you through how to place basic futures orders on tradingview including market, limit, and stop orders.
We also discuss bracket orders, modifying orders, and cancelling orders, as well time of order effect.
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital.
Why I Hesitate on Long Wick Candles (and How I Trade Through It)In today’s live trading review, I highlight one of the key challenges I face when trading the ES:
I don’t always feel confident executing during long wick days.
So how do I deal with that? Simple: reduce risk and stick to the framework.
Watch as I walk you through this session, break down the setup, and share how you can identify and study your own trading weaknesses — so you can grow stronger, one trade at a time.
#OneCandlestickAtATime #LiveTrading #ESFutures #TradingPsychology
TWAP and Chaikin's Osc vs VWAP Orders and VWAP IndicatorThere are two primary Order Types that the Professional Side of the market use.
1. Time Weighted at Average Price, aka TWAP , is used extensively by the Dark Pool Buy Side, Derivative Developers, and Sell Side Banks of record for Buybacks for corporations.
The TWAP can be set at a penny to few pennies spread and pings and transacts on a specific TIME to PRICE. It can be set to time intervals shorter or longer. This is why the stock market is called "fully automated".
TWAP is used most of the time. It is rare for the Giant Institutions to use VWAP orders due to the May 2010 FLASH CRASH when a fundamental trader of e-minis accidentally hit the VWAP order type rather than the TWAP order type which caused a massive collapse of all stocks as VWAPs accelerate selling as volume increases.
2. Volume Weighted at Price or VWAP is ALSO an ORDER TYPE. It is primarily used by Small Funds Managers and Small Asset Managers who are independents trading their customers' investment money actively, often intraday. Volume Weighted at price ORDER TYPES are also automated and ping to trigger the order to transact as volume increases.
This is an easy, simple way for a busy small fund manager to cope with the complexity of buying and selling stocks with 10,000 share lots to 100,000 share lots. These are the NEW "whales" of the market.
Professional Traders Swing trade 1 million to 5 million or higher share-lot sizes. The size of the orders of the professional trader has increased significantly in the past decade.
All of you need to be aware of the market participants on the professional side as they control 80% of the 1 trillion dollars that exchange hands daily on the US Markets.
Using Chaikin's Oscillator is ideal for tracking the Dark Pool Buy Side who create the bottoms. This excellent indicator analyzes all 3 data sets: price, volume and time. Thus, it can signal early that the Dark Pools have slowly started to accumulate over time and the runs down will turn into a bottom and then pro traders will nudge price to inspire VWAP orders from the Smaller funds managers.
The VWAP INDICATOR is excellent for tracking the smaller funds managers' trading activity and it ALSO has price, volume, and time in the formula. So this is great for those of you who need an indicator for following smaller funds activity as these smaller funds VWAP orders trigger more and more volume and then runs that can move up or down for several days.
TradingView has an awesome group of indicators to use. You should customize your indicators to which market participant groups you wish to track so that you can be ready and in a position before the big runs up or down.
Trade Wisely,
Martha Stokes CMT
Gambling Is Not Trading : A Quick Reminder to THINKI've been getting quite a few messages from followers and many are positive. I seems my videos are helping many of you learn better skills and helping you find profits from these bigger price swings.
But it also seems some of you are really gambling for the bigger gains with 0DTE options and taking excessive risks (IMO).
I want to urge all of you to THINK and to try to learn to adopt a more fluid style of trading.
The markets will quickly humble many of you gamblers. They have a way of taking everything you have when you let your guard down.
Start Small.
Build Your Skills.
Learn How To Check Yourself When You Get Into That Gambling Mode.
Remember, The Market Can Take EVERYTHING (And MORE).
The trick to trading is to learn to GROW your account without gambling. It is like being a Sniper.
You have to learn when to take your shot and you also have to learn when to be patient and wait.
One of the best pieces of advice I've heard came from a friend (who trades options). He stated.
Start Small
Book Winners Quickly
Book Anything over 20-25%
-- Then Plan For The next Attack.
Think about it.
He's been trading for more than 20 years and has learned many of the pitfalls over that time. And, he is the one guy that I've seen generate 100-200%+ a week (consistently) over the past 2+ years.
If you want to survive as a trader, you have to start thinking like a trader (not a GAMBLER).
I hope this video helps.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
How To Customize The 1 Minute Scalping IndicatorThis tutorial explains each setting of the 1 Minute Scalping Indicator in detail so you understand exactly how to adjust your settings to get the results you would like from the indicator.
Here is a list of the details we discuss:
How to fix loading errors
Tooltips that explain each setting for your reference
Trade modes and how they are affected by other settings
Average candle size rejection parameters
Higher timeframe candle filters, settings and levels
External indicator trend filtering capabilities and how to set them up correctly
Stoploss and take profit calculations and settings you can adjust
Signal arrow customization options
Candle coloring adjustments
Visual/styling options
Make sure to watch the whole video so you fully understand how each setting affects the indicator for best results.
How do I know if a day will be bullish?"Daily Bias" is one of the most asked questions by traders!
You’ve probably heard someone say:
“If only I knew where the candle would expand, I’d be rich!”
Well, today I’m sharing a framework that can help you start answering that exact question.
🚶🏽♂️Walk with me as we break down the ES Futures Daily Candle for April 24, 2024.
By the end of this video, you'll have a solid starting point to study and apply this method—
#OneCandlestickAtATime
How To Filter Signals On The 1 Minute Scalping IndicatorThis tutorial shows you how to use external indicators to filter out signals on the 1 Minute Scalping Indicator so that you only get signals that are in the direction of the trend.
Step By Step Process:
1. Pick an external indicator that provides an output value of 1 for bullish, -1 for bearish or 0 for neutral and add it to your chart. We have multiple indicators that can do this, but you can also customize your own indicators to provide this value and use that to filter out signals.
2. Set your desired trend parameters on your external indicator and make sure that indicator is on the same chart as the 1 Minute Scalping Indicator.
3. Go to the indicator settings for the 1 Minute Scalping Indicator and turn on one of the 3 available External Indicator Filters. Then from the dropdown menu, select the external indicator you want to use and make sure to choose the output value that gives the 1, -1 or 0 output for trends. Our indicators will have an output titled "Trend Direction To Send To External Indicators" to make that value easy to find in the dropdown menus.
That's it! Let the 1 Minute Scalping Indicator reload with the external indicator trend values and it will only show buy signals during bullish trends, only show sell signals during bearish trends or no signals during neutral markets. Make sure to back test your setup until you find the best external indicators and settings to use that work best for your trading style and then apply that setup to any chart you would like.
Here is the code you can use to add a trend value to your own custom indicators and send it to the 1 Minute Scalping Indicator:
trendDirection = 0
if close > ema1
trendDirection := 1
else if close < ema1
trendDirection := -1
else
trendDirection := 0
plot(trendDirection, title="Trend Direction To Send To External Indicators", color=#00000000, display=display.data_window)
Change the (close > ema1) and (close < ema1) to use your own variables from within your script.
QUARTERLY RESULTS - HOW TO TRADE!This is an educational video explaining the set-ups to trade the quartely results.
Feedback and queries are welcome!
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
The Importance of Framing a NarrativeIn this video I go through a trade setup and the importance of framing a narrative in your trading. This allows you to wait for trades to come to you, rather than making up trades out of thin air, which we all know does not usually end well.
I hope you find this video insightful.
- R2F Trading
How to Use Renko Charts for Drawing Support and ResistanceHow to Use Renko Charts for Drawing Support and Resistance Like a Pro
Most traders rely on candlestick charts to identify support and resistance zones—but if you’re still sleeping on Renko charts, you’re missing out on one of the cleanest ways to map market structure.
Renko charts filter out noise and only plot price movement, not time, giving you a stripped-down view of market momentum. That’s exactly what makes them powerful for spotting true support and resistance zones—without all the clutter.
Why Renko Charts Work for Support & Resistance
Support and resistance are areas where price historically reacts—either bouncing or reversing. On traditional candlestick charts, these zones can be hard to identify clearly because of wicks, time-based noise, and volatility.
Renko charts simplify that.
Because Renko bricks are only formed after a specific price move (like 20 pips or using ATR), the chart naturally filters out sideways chop and lets key levels stand out like neon signs.
How to Draw Support and Resistance with Renko
Here’s a quick step-by-step process:
Set Your Brick Size
Use an ATR-based Renko setting (ATR 14 is common), or set a fixed brick size that fits your trading style. For swing trading, slightly larger bricks will work best.
Look for Flat Zones
Identify areas where price stalls or flips direction multiple times. These flat “shelves” on the Renko chart often line up with strong historical support or resistance.
Mark the Bricks, & Sometimes The Wicks
With Renko, you’re not dealing with traditional candlestick wicks. So your levels are based on the tops and bottoms of the bricks, not erratic spikes.
Check for Confirmation
If a level held as resistance and later flips into support (or vice versa), that’s a key zone to mark. These “flip zones” are often hotbeds of institutional activity.
Bonus Tip: Combine with Price Action
Renko charts tell you where price is likely to react—but combining them with price action techniques (like engulfing candles, pin bars, or M/W formations on traditional charts) will give you a lethal edge.
Use Renko to mark the zone, then switch to candlesticks to fine-tune the entry. Best of both worlds.
If you’ve been struggling to draw clean support and resistance levels—or find yourself second-guessing your zones—Renko might be your solution. It’s not about fancy indicators or chart tricks; it’s about removing the noise so you can trade what really matters: structure and momentum.
Are you using Renko in your strategy? Drop a comment or shoot me a message—I want to hear how it’s working for you.
Ranging? Not Really. The Big Guys’ Plan Is Already Set…Ever wondered what the crowd is really doing behind the candles?
This video breaks down how to read Cumulative Volume Delta (CVD)—
from retail behavior to sentiment charts, and why the market doesn’t always follow logic.
✅ When price moves one way but the crowd trades the other...
✅ When sideways markets aren’t as neutral as they look...
✅ When emotions take over—and how to spot it in advance.
We’re lifting the hood. The engine’s running. Let’s see what drives it.
The Charts Wall Street Watches – And Why Crypto Should Too📉 Crisis or Rotation? Understanding Bonds Before the Bitcoin Reveal 🔍
Hi everyone 👋
Before we dive into the next major Bitcoin post (the 'Bitcoin Reveal' is coming up, yes!), let's take a moment to unpack something critical most crypto traders overlook — the world of bonds .
Why does this matter? Because the bond market often signals risk... before crypto even reacts.
We're going to walk through 4 charts I've posted recently — not the usual BTC or altcoin setups, but key pieces of the credit puzzle . So here’s a simple breakdown:
1️⃣ BKLN – Leveraged Loans = Floating Risk 🟠
These are loans to risky companies with floating interest rates.
When rates go up and liquidity is flowing, these do well.
But when the economy weakens? They’re often the first to fall.
📌 Key level: $20.31
This level held in COVID (2020), the 2022 bank scare... and now again in 2025.
⚠️ Watch for a breakdown here = real credit stress.
Right now? Concerned, but no panic.
2️⃣ HYG – Junk Bonds = Risk Appetite Tracker 🔴
Junk bonds are fixed-rate debt from companies with poor credit.
They pay high interest — if they survive.
When HYG bounces, it means investors still want risk.
📌 Fear line: 75.72
Held in 2008, 2020 (COVID), and again now.
Price rebounded — suggesting risk appetite is trying to return .
3️⃣ LQD – Investment Grade = Quality Credit 💼
LQD holds bonds from blue-chip companies like Apple, Microsoft, Johnson & Johnson.
These are lower-risk and seen as safer during stress.
📊 Chart still shows an ascending structure since 2003, with recent pressure on support.
📌 Support: 103.81
Holding well. Rebound looks solid.
Unless we break 100, this says: "No panic here."
4️⃣ TLT – U.S. Treasuries = Trust in the Government 🇺🇸
This is the BIG one.
TLT = Long-term U.S. bonds (20+ yrs) = safe haven assets .
But since 2022, that trust has been visibly broken .
A key trendline going back to 2004 was lost — and is now resistance.
📉 Price is in a clear descending channel .
📌 My expectation: One final flush to $76 or even $71–68
…before a potential macro reversal toward $112–115
🔍 The Big Picture – What Are Bonds Telling Us?
| Chart | Risk Level | Signal |
|--------|------------|--------|
| BKLN | High | Credit stress rising, but support holding |
| HYG | High | Risk appetite bouncing at a key level |
| LQD | Medium | Rotation into quality, no panic |
| TLT | Low | Trust in Treasuries fading, support being tested |
If BKLN breaks $20...
If HYG fails to hold 75.72...
If LQD dips under 100...
If TLT falls to all-time lows...
That’s your crisis signal .
Until then — the system is still rotating, not collapsing.
So, Should We Panic? 🧠
Not yet.
But we’re watching closely.
Next: We add Bitcoin to the chart.
Because if the traditional system starts breaking... 🟧 Bitcoin is the alternative.
One Love,
The FXPROFESSOR 💙
📌 Next Post:
BTC vs Treasuries – The Inversion Nobody Saw Coming
Because if the system is shaking… Bitcoin is Plan B.
Stay ready.
Learning The Excess Phase Peak Pattern : How To Identify/Use ItThis new tutorial video is for all the new followers I have on TradingView who don't understand the Excess Phase Peak pattern (EPP) yet.
I received a question from a new follower yesterday about the EPP patterns. He/She could not understand what they were or how to use/identify them.
This video should help you understand what the EPP patterns are, how to identify them, how to trade with them, and how to identify/use proper expectations with them.
I hope this video is informative and clear. Remember, price only does two things...
FLAG or TREND - NOTHING ELSE
And the EPP pattern is the CORE STRUCTURE of price that happens on all charts, all intervals, and all the time.
The second pattern, the Cradle pattern, is part of the EPP pattern, but it acts as another price construct related to how to identify opportunities in price action.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Trading A Divergence Trade (Breakdown) with Pivots and LiquidityTrading divergences was always a problem for me in the past. I did the same thing you did and got it wrong every time. I was trading divergences when i saw them instead of realizing a divergence is a flip of support and resistance levels. I just needed to know where they are.
In this video:
Internal vs External Pivot divergence confirmation:
You can have two types of pivots on your chart. One for long term and one for short term.
Using them to confirm short and long term price action is intuitive as youll be able to see the market squeezing on the short term while knowing where your long term price structure exists.
Price action to Divergence Confirmation:
A divergence on a short term pivot is an indication of short term loss of trend or reversal.
If the short term has no divergence but the long term does, you are about to end up with some pretty large price moves.
Youll be confirming the divergence by looking for highs, lows, and closes moving the wrong way from current price action.
This video will give you a method you can use to draw out your support zone / resistance zone / divergence zone and use them to your advantage.
The "Divergence Zone" that you draw out is the very reason why so many people fail at divergences.
Bare in mind that when you have a divergence, support and resistance are on the WRONG sides as their normally are so you'll learn here how to find those zones as well.
Then in the end of the video ill show you how to use lower timeframes to confirm the new move of the market.
Thanks, everyone. For coming through to the CoffeeShop.