FFIE looks like a buy to meFFIE
A completed
B of B wave completed
C wave is about to start???
Just my opinion.
NOTHING I POST IS EVER FINANCIAL ADVICE
Cwave
BANKNIFTY Just a ViewAs seems from the chart we have 2 no of possibility 1 I have depicted here. We have completed A (subdivisions 12345), B (subdivisions wxyxz) and hoping for C wave is in progress from today. And it may subdivide into 12345. Things that making this possibility likely are mentioned below:
1. The channel drawn from beginning of A to B end at C nearly 43943.
2. The projection of C==A is also falling at 43943.
3. today's move from bottom to mid of 1 is indicating wave 2 which is .618 of wave 1.
The above point making possibility to be strong. We will review after price action of the morning. In our last analysis we were looking for the chart pattern H&S, but H&S not always are followed by wave patterns.
Disclaimer : I am not a registered analyst with the Securities and Exchange Board of India (SEBI) or any other regulatory authority. The information provided here is for educational and informational purposes only and should not be considered as financial advice. Any investment decisions you make should be based on your own research and consultation with a qualified financial advisor. It is important to note that investing in securities involves risks, and past performance is not indicative of future results. I strongly recommend consulting with a licensed financial professional before making any investment decisions. I do not accept any liability for any loss or damage incurred as a result of reliance on the information provided in this communication. Always conduct your own due diligence and seek professional advice before making any investment decisions.
Voltas something bad may is seen in the chart Voltas something bad may is seen in the chart.
As per the Kennedy Channeling Technique the Support is coming at 521.
As per Elliott Wave, Fibonacci retracement for wave 2 is expected to come around 521.
There might be some unexpected news that may impact the price pattern of Voltas Ltd.
Regards
BNB c-wave failure plus CMF bear divergenceBNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
420-444 by June 23rdThis might be the best short opportunity currently.
LRCX is completing a B wave and setting up for very explosive first leg down of C wave.
Needs to breakdown 582 555 and 547 (should breakdown by 6/9/2023) to get to targets:
Initial target: 491-508
Goal Target: 420-444
BTCUSDT Complex C - Multi Wave in an Ending DiagonalBTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C, in which we can see a multiple pattern that confused the prediction. After the "thrust" the price action should return to the break point, characterizing a "false break". It's common in C-legs, when the triangle occurs, that it's exceed the break-point. In this case, price reached the weekly supply, interacting with AVWAP from ATH. Now the bears are slowly take control. I'm expecting 18% drawdown of a downtrend till the wave 3 of a potential impulsive downward.
Booking Slips Below Nearby SupportGoing sideways since 2018, Booking.com has not gained much ground. Despite claiming a new all-time high in 2022, the RSI has shown a loss in relative strength. Its very likely that this stock sees a 60% drop in value over the next 2-3 years. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
There's No Wonder Why Elon Hasn't Bought Back His Tesla StockBefore Elon's announcement of any stock split, it was predicted that Tesla's stock was due for a deep retracement. Week ago, I thought that drop action had finalized however, based on reassessment of the wave structure + assessment of NAS100, it seems very likely that Tesla will do its part it assisting to drag down the index.
Many would assume the outcome from Tesla AI Day would result in bullish momentum or new investors, and it very well may. The new buyers (investments) won't be enough to stop the pending 50% drop however. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
Million $ strategy for option buyersoption buyers can consider buying OTM call options in SPX or any indices as it broke out C>A
first target of wave C, is 4030
if it breaches this level expect 4220 as 1.62of A
buying after C wave break-out is the winning secret of option buyers
BEARS ARE READY TO DIG IN NIFTYIt is a misunderstanding that TA is not worthy for trading.
But TA is the only tool available for traders who makes huge profits without any FEAR or HEDGING.(Multiple combination of Calls&Puts)
My chart showing that the recovery in NIFTY (wave 'XX'/B) is nearing its completion on 05/01/2022.(as per NEO wave TIME cycle).
Bearish TL connecting wave ''B'' and wave ''X'' will give a greater resistence to NIFTY .
PUT writers think that new Bull wave started in 2022, but the story is different . As I believe NEO wave analysis strongly, I bet that NIFTY will not make a NEW WAVE rather it will start its bearish trend from 05/01/2022
REMEMBER next is wave ''C'' to resume , Which is a Classic 5 legged Elliott Wave pattern with more price movements ,good for OPTION BUYERS
First target of wave''C'' is 16470 (62% OF WAVE ''A'')
B SELVAM,BE,MBA
OPTION BUYER & COACH
USDCHF LongUpdating the last idea.
Looks a deep Zigzag. If the wave count still are valid, we can wait for a reversal pattern to enter long.
USDCHF LongIf the wave count are correct, we can have an opportunity to get some profits with the C wave.
The price are accumulating in triangle figure, if the price respect the support, we can Buy
xauusd wave c correction OANDA:XAUUSD
wave c of ellliot going too complete
but we have little uptrend and then chart goig to down trend moves until wave c complete
after a little up trend we have falling trend but we have to wait until candles pull back the white support just like the blue arrow and then SELL
wave C: logical wave c can fall on 1782.632(blue horizontall trend) after that we have a risky box that we can free risk on that
entry:pullback on white support
tp1:1795. 05
tp2:1793.200
tp3:1782.632
sl:1798.014(when we saw pullback)
And now all the technials come together beautifullyAll the technicals we've discussed in the previous week's posts are now coming together beautifully.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.
Bearish continuation pattern in BitcoinBitcoin is looking overall weak and done so over the last few weeks as it constantly seems to struggle with overcoming the resistance levels above.
It is currently forming a bearish continuation triangle. If Bitcoin breaks out to the downside, which has a 70% chance of happening, then the technical target for this formation alone stands at $50,500. This does, however, by no account mean that the price cannot continue down further. That C-wave that we discussed last week is still very much in play.
With that said, Bitcoin can still recover from this fairly scot-free as its pivotal tops and bottoms are still increasingly high.
Bitcoin Zig-Zag C-waveTo further clarify the previous post, Bitcoin seems to be in the midst of establishing its C-wave correction. This Elliott move comes to life in the shape of a zig-zag as the 4th of the A-wave is in the shape of a triangle, which is a textbook characteristic.
Bitcoin C-wave correction in playBitcoin is flirting with the ever so thinning EMA ribbons.
A break below could amount to a C-wave correction. In such case, $42-45 000 is to be expected.
If, on the other hand, BTC manages to find its way above $61,000 a new ATH is in play.
Long Life Trading (Youtube and Twitter)
GOLD (XAU) 15min - EW cycles: Wave (C)We are going above than expected in the last idea (linked below), but i still think that we are in a Wave (C) before of a new low (to 1640 - 20 area), according with my counts.
Precisely, it looks to me that we stay inside the last 5th wave of a "zigzag" ABC (5-3-5) where the first 5 (the relative A) are a w-x-y-x-z.
I stay convicted that we are into a big correction so far, and only a break above 1826 (the final confirmation would be 1840) will invalidates this count.
So, here is published the whole counts from March 8 in 15 min TF to monitoring what happens.
Final levels to watch at (if 1790 will breaks) are: 1804, 1806, 1811, 1815, SLs should be above 1826 - 30 levels.
Above that area i think this idea of the C will be invalidated cause in that case we may stay into the new Bull Cycle (the big 5th wave, precisely 3rd of 5th).
I will post comments with updates of the counts here and on my old idea (on bigger tf).
"Like with Cheers" would be appreciate if u like my work, thanks you so much! ;)
May the pips be with you...
EURJPY: Undecided Yet !On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and thus the price would break the down trendline and when the price reaches the support have a new Long position there.
Until then, Trade Safe and Best of Luck !
BRENT (Crude Oil) - LONG to around 45?We might be in a big corrective up move that could be the last part of a C wave (other 5waves up, after a 5, 3 series), inside a B wave (in the bigger count).
