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Elliottwavecorrection

JPFA : Possible upside1 hour chart shows a possible buy setup. Based on elliott wave principle. Wave 2 is ended with W-X-Y structure and nicely touch the 0.786 fibonacci retracement level. The price need to break peak of X wave to validate the counting. Plan Buy if break 1050 stop loss at 760. This idea is also supported with bullish divergence on RSI and stochastic. Cheers & god bless. Bahasa Indonesia Chart 1 jam memberikan kesempatan untuk buy dengan alasan perhitungan wave elliott untuk wave (2) bisa jadi sudah selesai dan lanjut naik ke atas (lanjut wave (3))apabila harga tembus puncak X dan keluar dr channel sideway. Pertimbangan wave (2) mungkin sudah selesai adalah dari angka fibo 0.768 yg disentuh ujung Y lalu terpantul ke atas. Plan nya adalah buy saat break 1050 dan stop loss di 760. Analysis diperkuat juga oleh indikator RSI dan stochastic yang menunjukkan bullish divergence. Semoga analysis ini bermanfaat, god bless.
IDX:JPFA
by danuto17
HAVELLS IND LTD. - FUNDAMENTAL VS TECHNICAL ANALYSISNSE:HAVELLS First will have a look into the fundamentals of the stock on QOQ, The Q3 result of NSE:HAVELLS is quite compromising to investors, the peoples interested in consumer sector line. Net Sales - QoQ Growth in quarter ended Dec 2019 is 1.82% vs -17.82% in Sep 2019 Operating Profit (PBDIT) excl Other Income IS 14.5% Consolidated Net Profit - QoQ Growth in quarter ended Dec 2019 is 12.09% vs 1.37% in Sep 2019 Latest dividend: Rs. 4.5 per share. Ex-Dividend Date: Jul-18-2019, DIVIDENS YIELD IS 0.73 % (Source: Bloomberquint) As per technical the stock is almost completed the correction, but still we can wait to reach the zone to accumulate for positional or long term investment. Q3 result might be quite impressive to invest in, but still technical side we could expect little bit down to complete the 5th wave in primary also completes the trendline (4th wave). levels are to accumulate 545 to 575 stoploss level is below 510, for longterm targets have arrived through technical by elliotwave, the correction is happening now is the 4th wave of cycle and impulsive (5th) wave target is 1150 to 1200. let us wait and see, what market has for us. for more details reach us through writetomonk@gmail.com or "9884344490" Disclaimer: the posts are for only educational purpose.
NSE:HAVELLSLong
by Raj_marketmonk
CRAZY ACTION IN THE MARKET! WHICH WAY DOES SBUX GO??? My previous chart showed a false breakout downward and an advance upward. Is the upward breakout false too? We definitely have to remain flexible for any possibilities. First setup a possible A.B.C.D.E Elliott pattern correction AND a possible head and shoulders formation on the hourly chart with a neck line around $61 I've labelled two possible scenario's 1) hits neck and moves upward and continues breakout in a bullish pattern. Or breaks out of A.B.C.D.E pattern upward. 2) breaks neck and heads down to Fib retracement around $45-$55 level. Breaks A.B.C.D.E pattern downward. Only time will tell. Have to remain open to all possible outcomes. I'm neutral on this one. These charts are using Heikin on the hourly.
NASDAQ:SBUX
by byzantine82
XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly. Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276. I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count? This is not financial advice and please do your own research.
OANDA:XAUUSDShort
by Drunkmonk
1
USDCAD AssumptionEnglish : This analysis is on daily timeframe. The main trend condition is downtrend. I made this assumption based on the elliot wave theory. Based on his theory, the impluse is now in the 5th wave, and it is now in formating correction wave A. I assume the 5th wave has been fulfilled because of a long-tailed doji candle at the peak of the 5th wave which is continued with a bearish candle a long marubozu. However, as we know, no analysis is 100% accurate, anything can happen. As in the picture, my next assumption is the formation of a new pattern, Head & Shoulders. This assumption is based on the elliot correction theory, support and resistance lines. Indonesia : Analisa ini pada timeframe harian. Tren utama adalah downtrend. Saya membuat asumsi ini berdasarkan teori gelombang elliot. Berdasarkan teorinya, implus saat ini sudah berada pada gelombang ke-5, dan sedang dalam pembentukan gelombang koreksi A. Saya mengasumsikan gelombang ke-5 sudah terpenuhi karena adanya sebuah candle doji berekor atas panjang pada bagian puncak gelombang ke-5 yang diteruskan dengan candle bearish marubozu yang panjang. Namun, seperti yang kita ketahui, tidak ada analisa yang 100% akurat, apapun bisa terjadi. Seperti pada gambar, asumsi saya selanjutnya adalah pembentukan pola baru, yaitu Head & Shoulders. Asumsi ini berdasarkan teori koreksi elliot dan garis-garis support dan resistance.
by daltray