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Nifty50 Day End Analysis 2023.06.06NSE:NIFTY currently into iii (pink color) of 5 (orange color) of 5 (blue color) of 3 (gray color). Wave ii (pink color) retraced wave i (pink color) by 61.8%. As Nifty is currently into Wave iii (pink color), expecting Nifty to take out the trendline (purple color - from ATH to recent high) resistance around 18650 by providing a gap-up opening tomorrow above that level (this is because in 3rd waves, critical resistances are normally taken out by having a gap-up or gap-down opening). Expecting Wave iii (pink color) to end around 18750 which is 161.8% extension of wave i (pink color). View remains invalid if Nifty closes below 18560 on hourly candle.
NSE:NIFTYLong
by MalayKJ
APPLE (AAPL) Analysis - W3 develop Save time. Technical Analysis in just a few words. Daily Timeframe. AAPL is currently developing a bigger 3rd Wave on the upside. Long term direction: LONG It looks like Wave 3 is still unfolding on the upside. A correction will come soon, then a final Wave 5 will push on the upside (probably by the end of the year). That's it. Have a nice day! DISCLAIMER: The ideas shared in this context are strictly for educational purposes and should not be considered as financial or legal advice. Each individual bears full responsibility for their own trades and decisions.
CAPITALCOM:AAPLLong
by YExplore
📐USDCAD: Long term triangle●● Preferred count ● USD / Canadian Dollar, 🕐TF: 3M Fig.1 Friends, hello! Finally got around to the weekly public update. As you already understood, today we will analyze the USDCAD currency pair. The calculation of historical data presented in Fig. 1 has not changed: I still believe that a series of impulses waves and sideways corrections can be interpreted as part of the emerging long-term diagonal. The only thing that is very confusing in this markup is the significant discrepancy between the wave degree and the size of the " (B) of Ⓦ " and " Ⓧ of I " waves. As a norm, Ⓧ should be greater than (B) of Ⓦ , but in our example the picture is reversed. In the future, this problem can be solved by expanding the boundaries of the triangle Ⓧ of I . Fig.2 The second option for marking long-term waves suggests considering a series of sideways corrections as fourth waves within the impulse. Thus, the historical top formed in 2002 is the finale of the impulse, presumably within the framework of the wave Ⓐ of I . All subsequent wave counts will be based on the first variant (Fig. 1). The idea marked in Fig.2 came literally today and still requires some reflection and elaboration on smaller time intervals. __________________________ ● FX:USDCAD , 🕐TF: 4D Fig.3 So, in the context of the wave count, which is currently considered as the main scenario, the sideways correction (B) of Ⓨ in the form of a triangle A-B-C-D-E is supposed to develop. Within the framework of the triangle, sub-wave A is a double zigzag, which means that all subsequent sub-waves must take the form of exclusively single zigzags ⓐ-ⓑ-ⓒ . We should also remember that a double zigzag in wave " A " of a sideways correction can be not only within a triangle, but also within a flat. __________________________ ● FX:USDCAD , 🕐TF: 1D Fig.4 On the daily and smaller timeframes, we again encounter variability in wave counting. Now the sub-wave ⓑ of C can transform from a zigzag into a triangle, a flat or a combination. __________________________ ● FX:USDCAD , 🕐TF: 8h Fig.5 __________________________ __________________________ ●● Local alternative count ● FX:USDCAD , 🕐TF: 4D Fig.6 Well, now let's see what alternatives can be for a triangle and a flat, indicated in Fig.3 . The first thing you should pay attention to is that wave (B) could be completed in the form of a double zigzag W-X-Y . This is the marking we had as the main scenario until a series of the first and second waves within (C) of Ⓨ did not bog down in the sideways, which is marked ⓧ of 1 in Fig.6 . __________________________ ● FX:USDCAD , 🕐TF: 1D Fig.7 If the price exits the flat trend upwards (along the path of the red dotted line), then most likely priority will be given to this scenario. __________________________ __________________________ ●● Alternative count ● FX:USDCAD , 🕐TF: 4D Fig.8 An alternative scenario, which involves expanding the boundaries of the triangle Ⓧ , we discussed in previous updates. Earlier the wave X of (C) was considered as a zigzag, now there are reasons to wait for the wave X in the form of a triangle. I did not succeed in solving the problem with counting the impulse A of (B) of Ⓧ , and for this reason, the implementation of markup, in my opinion, is less likely, as before. As you can see, even applying a number of strong guidelines in your work, it is not always possible to minimize the number of possible ways for the development of the market structure. It remains only to wait for the manifestation of a readable form of the model in one position or another, compare it with the available wave counts options and adjust the trading plan as information becomes available. ______________________________________________ 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
by TradeWaves-EWA
1
SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
AMEX:SPY
by HelioHelix
2
DJI looking for upside resumptionGood morning all! I'll be breef as I the count kind of speaks for itself. It looks like we are ready to resume higher into wave 3 as we are looking at what appears to be a clear three wave move into wave 2. It looks like TECH will be giving a break and VALUE will come back strong into sector rotation. CHECK OUT my previous post on the NASDAQ which played out perfectly, let's see if this post will have the same faith. Feel free to ASK me questions in the comments. Enjoy the weekend and trade safe!
TVC:DJILong
by EWFAlessio
Weekly Update: The Triangle Count was Invalidated, Now What?Since the December lows of 3788 ES, I have been tracking a triangle pattern that would have reconciled higher in my target box for a larger B-wave. Readers can look at previous postings to see what I have been forecasting. Last week, SPX Futures breached the 4208.50 level. So, with that, the final micro target of an e-wave was invalidated and thus the triangle count abandoned. With respect to a triangle pattern, two topics I continue to share with my members in our trading room is (1) Triangles are rare patterns, and (2) they typically invalidate between the D and the E wave, only to reveal a much simpler pattern. Yes, it is true price patterns can become complex when in the midst of a counter trend corrective rally or decline. However, I tend to keep my labeling simple rather than defaulting to the complex as many of these patterns tend to be viewed as simple zig zags in the rear-view mirror. That is what we have been presented with now that price has invalidated the more complex triangle pattern as featured above. Here's where things get tricky. For the Elliott Wave uninitiated, after an A and B waves you get…” Wait for it” …a C wave. Anyone who follows or practices Elliott Wave Analysis would agree when I say that a C-wave feels like a Crash when the reconciliation is to the downside, or a parabolic move when the trend is up. If you wish to challenge that my determination of that feel free to post your comments below. I will admit in the short term, there appears to be some work to do to the upside for our A wave to equal our C wave higher. But here’s the most important piece of information I share with you today. With the breach of 4208.50 last week, I now have the minimum waves in place to consider this counter trend rally complete. However, as of the time of my authoring this weekly update, I have no immediate information that our upside pattern is complete. Let’s discuss what I expect now, and what clues we will see before such a “Crash Event” lower is underway. My Expectation: Let me start with the mathematical sweet spot for the counter trend price action to complete and reverse from. That price point is the .618% Fibonacci retracement level up at 4309.50. That would mean we have about only about 2.8% upside left to go from current levels. However, the reasonable target area higher (above the .618% level at 4309.50) could extend at maximum to the price area of 4529. That is the .786% retracement level. In fact, prior to that level, price would have to exceed the 1.0 extension level higher at 4517. So, let’s assume that everything goes right with the Fed, Inflation, the Jobs Market, and Not to mention the debt ceiling…4529 would be the statistical anomaly for higher price action. So, what’s my expectation higher: Provided we do not breach 4062.25 then I think it’s reasonable to expect 4309.50. Below 4062.50 and the possibility we are in our C-wave down to NEW LOWS, starts to get higher. Disclaimer: If you have gotten this far in this post then you have read all of the above. Many of the comments I receive here on TradingView...are from people who scan my posts...but have a lot to comment on...al of which I address within the context of my posts. Just like trading...reading is hard. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
BTC analysis Trend, Elliot waves, Hurst Cyclemy pov: We are at the button of a longer term bullish channel starting Nov 2022, within that channel also in a smaller bearish channel starting from 14.04.2023. IF BTC manages to quit the long term channel, we might see 18-21k, or even lower. If not, we will continue the bullish channel up, which happened in March 2023. The wave 4, which we are in right now, is correctiv, has room between 25-21k down. That BTC did not buttom yet, hurst cycle is a good confirmation as we still expecting 2 low troughs in June and July 2023. Right now, bulls and bears are in balance, as we see in the trend channels. Please share your ideas on this.
by kiaZar
Knock Knock Bitcoin, are you there?Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}. With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any reasons not to be bullish. I'll keep it monitored, but all I can see is that there are no conditions to open any trades nor long or short, but that is obviously my own opinion based on the way I trade and my own experience. As always, these is not financial advice, but feel free to ask questions if you have any! Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
3
XRPUSDT LongThis is Elliott Wave Analysis that shows a potential long trade opportunity. If Bitcoin breaks down sharply, do not take this trade, as the price will likely drop much further than shown in the image. If the parallel trend channel holds, this could be a good trade. If you do take this, be ready to cut the trade if the market drops further than expected. It is best to not enter with a limit order, but manually enter using a market order if the market seems to hold within the green triangle buy zone shown in the image. Entry: Between 0.4073 and 0.4000 Exit: 0.4337: profit target 1, 0.4581: profit target 2 Stop loss: 0.3792 Disclaimer: Not financial advice - intended for educational purposes only
Long
by TradewithLu
Whatever you need to know about BTC sycle** IT'S NOT FINANCIAL ADVICE ** ** SO PAY ATTENTION IT'S JUST MY IDEA ABOUT THE NEXT MOVEMENT IN THE CRYPTOCURRENCY MARKET ** ------------------------------------------------------------------------------ Hello Guys what's up? Hope you feel great and always be happy and successful. Today I want to talk about the Elliot cycle of Bitcoin. it's really interesting. so don't waste time and see carefully this Elliot analysis. this analysis is about BTC in the weekly timeframe. as you see we have two different parts. in the first part, a huge bullish trend is obvious. I drew the five main trend (Red Line) and show you all the details you need to know. it's about minor waves(Blue & Black lines) so after finishing 5th wave, I expect the market to correct. this correction contains three waves. we call it A, B, C A is a downtrend wave. B is up trend wave. C is a downtrend wave. The market started to downtrend from 69k to 15k as A downtrend. at the end of the A wave (15500) we started an uptrend that we know as B. and finally, we have a C downtrend to the support zone. but there is a question, How high can the B wave rise? well, well, well ... let me tell you. we change the timeframe from weekly to daily. so we can see 35500-36000 is a very strong zone that causes to push the price in the previous movement to 69K. at this time we lost this support zone and unfortunately, this support zone converted to a Resistance zone.it's really bad news. I expect the price to retest 32500-33500 and then drop. it means the B wave will be finished. and a new correction wave is beginning. as I told you in the previous analysis we have three strong zones to support the price this first one is 9800-12500 the second one is 7500-8500 and the Third one is 3800-4300 it means the target of the C wave is one of three support zone. and if we close two days below the first support zone with high volume, the next support zone will be active. please pay attention to money management and put stop loss in your trade. I EXPECT YOU TO SHARE THIS ANALYSIS WITH YOUR FRIENDS AND WRITE YOUR COMMENTS BELOW. Thank you so much in advance.
BITSTAMP:BTCUSDShort
by ho3einmnd
1
Is #PEPE still headed for the moon or is the rally done?I don't trade this coin, but here is what I was talking about on this morning's Wolf of All Streets Podcast with a bit more information. My count suggests that wave (iii) of ((iii)) terminated at the current swing high. Since, then wave (iv) has been printing what appears to be a flat correction. If so, then it is likely complete at the swing low. However, further decline has targets of the 38.2% and 50% retracement levels, respectively. The targets are based on the completion of wave (iv) and are denoted by the red arrows. It's possible that a double top formed, which would give us a pattern target of the 50% retracement area at the hourly pivot. But we need to see further breakdown to confirm that likelihood. Failure to do so will invalidate the pattern. So, if price rallies, instead, then an impulsive breakout above the descending purple resistance will signal that wave (iv) is likely complete. Further breakout above the wave b extreme will add confidence to the count. And wave (v) of ((iii)) has one of the red arrow targets depending on which of the pullback targets is hit. Basically, I'm looking for an impulsive breakout above the purple line to signal that wave (iv) is likely complete, no matter which pullback target is hit. Further breakout above wave b will signal that wave (v) of ((iii)) is likely in progress to one of the aforementioned targets.
by Chris_Inks
Tesla : Ready?In the last post about Tesla I said price was ready to move up. This was a little too early but price eventually bounced from the 100% fib extansion around 101. This ended a nice corrective pattern from the all time high. Since this low price has more than doubled from the low in what looks like an impulsive wave 1 of a much larger wave 3. The wave 2 that followed this rally looks like it is finished aswell which means price could be ready for a big move up soon. This wave 2 was a double three corrective wave (wxy) with a possible head and shoulder pattern forming at the 100% fib extansion. Alternative in the short term is price is looking to fill the gap at 144 to finish the wave 2. Best of luck!
NASDAQ:TSLALong
by jdemunter