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Elliottwavecorrection

Triangle in Elliott wave theory Indian bankElliott wave theory is itself is a complete technical analysis which shows the naked price action. In the Indian Bank chart, the triangle is forming. As we discussed in our previous analysis (attached in link to related ideas), the triangle can burst in any direction. Only two possibilities occur in Indian Bank, 1. If an Indian Bank crosses 162, it can go to 205. 2. If Indian Bank breaks 140, it can easily go to 114. In both cases, more than 20% of the move is a sure-shot clear move. Happy trading.
NSE:INDIANB
by tradersmantra
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052. Invalidation: Breakout of wave (X)
by forextidings
2
Gold, catch the end of wave C ?Gold has been retracing recently from a short term perspective. I am still bullish on it, after the 40-year high of UK inflation today (what made GBP currencies fall few hours ago). I like the third wave in the correction to reach 80% fib level before catching the buy. Buy after confirmation patterns on that level, because Gold can keep trending down and expand the wave otherwise. If you can afford taking more risks, gold can bounce from the actual level (61.8%): risk management is always the key to success.
OANDA:XAUUSDLong
by joe-abdallah