Eliiottwave
RS SOFTWARE-CHART PATTERNS AND ELLIOT COUNTS- AN INVESTMENT PICKHELLO FRIENDS,
Here I have shared chart pattern and possible ELLIOT WAVE counts of RS SOFTWARE, which showing the uptrend of this stock.
As per chart pattern, this stock is following the CUP AND HANDLE PATTERN
which shows the BULLISH TREND of the stock.
the above image confirms that as per guidelines of Cup and Handle pattern, volume contraction must be there while forming cup
after giving breakout with significant volume, the stock retested the support trend-line which previously was resistance and started its continuation in upward direction.
As per Elliot Wave, Stock has completed its correction as WAVE ABC from 829 level to 9.55
New impulse BIGGER WAVE 12345 has started from 9.55 and now stock is in wave (5) that will complete the bigger wave 1
And wave 2 will again give a dip as correction and again bigger Wave 3 will start.
This way the stock has huge space towards north.
DISCLAIMER
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.
CHF JPY | LIQUIDITY | DECRYPTERS HI welcome to Team Decrypters
== > We Are Expecting A down ward move for CHF JPY
--Double Top.
--End of Elliot Wave cycle ( So expect Bearish Correction ).
--ABC Corrective Move to Followed.
--DATA Based Bearishness.
--Divergences Along with Initial market structure Shift on HTF.
MY OPINION :- JPY will be Stronger SOON RELATIVELY
Gold ForecastGold Forecast
Gold is in a bullish cycle, and we will look for long opportunities when we see a clear 3 legs-down corrective structure. Unfortunately, the connector (B) of the current (A)(B)(C) is too shallow and it does not retrace enough according to our strategy to allow us to enter when the price reaches the IZ (grey zone). We do expect the price will bounce from the IZ, but it can be only the connector from a deeper (W)(X)(Y), so we are not going to take this trade.
What to do? 2 scenarios:
-The prices resume the bullish cycle ->We should wait for the price to break the 1,960 level before looking for buying opportunities.
-The price makes a deeper correction-> A new IZ will be created, and we will analyze its structure to check whether it is tradable or not.
In any case, we will keep you updated on the TRS community
Please remember to do not to risk more than 2% of your account on each trading idea
Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level
-As discussed in last post wave C generally retraces to 100% - 130% in most of the cases
-markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started
-safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100
-After that we can expect new wave cycle from there but we will discuss it when the time comes
Hope this idea was helpful & good learning experience
DOTUSDT(H4)
DOT has completed its main wave 4 and is currently on the downtrend of the main wave 5. that we are moving forward step by step with this wave.
First, we went up to the price range of 6.8, which completed micro-wave 1 and then corrected to the range of 0.23 Fibonacci degrees.
In the second step, this cryptocurrency should move up to the price of $6.3, which is the support level, and after breaking the support level of $6.3, it can correct the price to lower prices.
The next steps will be updated in next week's analysis.
ADAUSDTADAUSDT(H4)
Cardano was able to complete wave A by breaking his bullish angle pattern, and then by correcting the price upwards, he completed corrective wave B.
It is currently trying to complete the remaining wave C
In a more detailed view, Cardano is looking for a pullback to the broken areas, which forms micro-wave B, and after that, we need to see what the price reaction is to micro-wave C, which is the support range (0.42).
ADA (D) Fibonacci & ElliottADA (D) Fibonacci & Elliott
Cardano is involved in its own ascending channel in the daily time frame
Wave 4 is being completed and it is at 0.23 of wave 3
This Fibonacci level with the ceiling of the channel promises the completion of wave 4 and the beginning of micro wave 5 of 2.
adausdt look super bullishmy first hypothesis is adausdt forms an irregular flat which means the next cycle will be super bullish.
My second hypothesis is the fifth wave is the peak of the chart and now it's A wave. the support zone is about 0.55-0.7 from Fibonacci of wave C compare to wave A. Have good luck trading!
BBL|Q321 +73%YOY|Sideway Up Crossing EMA400 |TP 130 SL 120BBL Sideway up crossing EMA400 - Long Run Trend Buy Position | 2nd Target Price 140 (Int. Elliot Wave 3 position Fibo 1.618)
> 1st Target Price 130 (Fibo 1.0) Aggressive Stop Loss 120 (EMA10)
> Risk ratio 3.2
>Strong Q321 performance +73%YOY +36%QOQ www.thunhoon.com
> Continuous Big Lot volume support
> BBD banker chip positive signal
> 1st Top Buy NVDR Value
> Uptrend channel of trade
> Strong buy signal SUPERTREND & CDC ACTIONZONE BUY RIBBON
XAUUSD - Ongoing CorrectionGold managed 1808 before breaking out of a reverse symmetrical triangle and dropping to the 1750 level of interest. Keeping an eye on the weekly close here as this could be the pivot for wave (ii).
We could also potentially see price drop further between the 1738 - 1717 levels highlighted before moving back up to complete the wave (ii) of C. Wave (iii) which should eventually bring gold back below the 1680 level. More on that when we get there.
Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed.
Thank you for taking the time. Trade Safe!
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.
Trust your own analysis.
Beyond Edge