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Elliottwaveprojection

COIN long -- currently in Wave 3 of 5 wave advance I've been using Elliott Wave Theory to look at COIN's price action. We seem to be in the middle of Wave 3. - Wave 1: April 7, 2025 to May 22, 2025 - Wave 2: May 23, 2025 to June 13, 2025 - we pulled back right below the 23.6% Fibonacci retracement level with ~$244 serving as support. - Wave 3: June 14, 2025 - now. The third wave usually has 5 distinct sub-waves. As of July 7, 2025 We appear to be in the 3rd sub-wave of wave 3. Using the upper channel line, price target for this wave is around $408-$410. Quite possible if we see BTC move up explosively, which also seems imminent given the highest weekly close on July 6, 2025. COIN is a very volatile stock that has explosive moves to the up and downside. I think we still have more room to run in this current wave 3--even beyond sub-wave 1 peak at $380.
NASDAQ:COINLong
by KGOF
3
Riding the Wave: Breakout Trading with Elliott Wave AnalysisHello Friends, Welcome to RK_Chaarts, Today we're going Analyze the chart of " HASBRO. " to identify a trend change opportunity.(Educational Post). Let's get started! Today, we analyzed the weekly chart of "HASBRO" using Elliott Waves theory and chart patterns. We clearly observed that the July 2019 top, with a high of 126.87, completed a primary degree Wave ((3)) in Black. The recent bottom in November 2023, around 42.69, marked the end of primary degree Wave ((4)) in Black. Since then, the price has formed a higher high and low, indicating a potential reversal. The recent weekly candle close has broken out of the Resistance trendline and also confirmed an inverted head and shoulders breakout along with good breakout in RSI on weekly-cum-monthly time frames. This suggests that we may be unfolding a primary degree Wave ((5)) in Black, which should consist of five sub-divisions of Intermidiete degree in Blue. Based on the chart, it appears that Intermidiete degree Waves (1) and (2) in Blue are complete, and Wave (3) may have started. Resistance Trendline Breakout with Inverted Head n Shoulder Breakout RSI Breakout on Weekly RSI Breakout on Monthly Major EMAs Support on Daily, Weekly & Monthly Both Elliott Wave theory, EMAs support, Trendline Breakout and chart pattern Breakout indicates that the price is likely to move higher from here. However, please note that technical analysis is a game of probabilities, and there's always a chance of being wrong. To mitigate this risk, we've marked an invalidation level around 42.69. If this level is breached, our analysis would be invalidated. Projecting the target for Wave ((5)) using the 123.6% of Wave ((4)) measurement, we get a long-term target of around 146.56. This is a possible target, but please keep in mind that this is an educational study and not a trading tip or advice. Before making any trading decisions, please conduct your own analysis or consult with a technical expert or financial consultant. 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. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:HASLong
by RK_Chaarts
2
A Step-by-step Guide to One of the Chart Analysis Method: VOLTASHello Friends, Welcome to RK_Chaarts, Today we're going to learn step-by-step guide to one of the chart analysis Method by analyzing a chart of " VOLTAS LTD. " to identify a trend change opportunity.(Educational Post). Let's get started! Applying Elliott Wave Theory According to Elliott Wave theory, we can see that the high of September 20, 2024, marked the end of the wave III of the cycle degree in Red. After that, a corrective wave unfolded, which reached its low on February 1, 2025. This was the wave IV of the cycle degree in Red, with a low of 1135. The approximately 6 months correction ended here, and now the wave V of the cycle degree in Red has begun. Within this, there will be five sub-divisions of primary degree in black, which we can label as waves ((1)) to ((5)). Of these, waves ((1)) and ((2)) are complete, and we are possibly now in wave ((3)) of the Primary degree in Black. Within wave ((3)), there will be five sub-divisions of intermediate degree in blue, of which waves (1) and (2) are complete, and the (3)rd intermediate degree in Blue is underway. Within this, there will be five sub-divisions waves of minor degree in red, of which 1 and 2 are complete, and today we saw the breakout of the 3 of the (3). Possibly, this is a momentum move according to Elliott Wave theory, which we can call the third of the third of the third. Now that we have this low of wave IV at ₹1135, it should not go below this level according to Elliott Wave theory. If it does, our current wave count will be invalidated. That's why we have an invalidation level within Elliott Wave, which according to this chart is at ₹1135. This low should not be breached. If it is breached for any reason, we'll have to re-analyze our entire count, and the counts could be different. However, if this low holds, then the minimum target for wave V, based on the projection of wave theory, would be at least 100% to 123% of the fall from top III to bottom IV, which could take it to around ₹2000 to ₹2100. Shown in chart image below Possible Elliott Wave Counts on Daily Time Frame Along with Invalidation level & Target levels. Dow Theory Suggests now Up Trend After forming the top of wave III, we can see that the price has moved downwards in a pattern of lower highs and lower lows. However, after completing the bottom of wave IV, the price has started forming a pattern of higher highs and higher lows, indicating that an uptrend has begun. This is a clear signal that supports our wave counts moving upwards, i.e., towards an impulse move, based on Dow theory. The successful completion of wave IV and the initiation of the higher highs and higher lows pattern suggest a strong bullish trend, and we can expect the price to continue moving upwards. Shown in chart image below Breakout with good intensity of Volumes In this chart, we've observed a rounding bottom type chart pattern, and today, we've seen a breakout above the upper resistance trend line. Today's candle volume is also significantly higher than the average. Shown in chart images below Chart Pattern: Rounding Bottom Resistance Trendline Breakout with Good Intensity of Volumes Supporting Indicators & Moving Averages Also we can see that the current price has closed above the 50-day EMA and 100-day EMA. Additionally, indicators like RSI is above 60 and showing momentum, MACD is positive and above the zero line, and the histogram is also showing a breakout. Shown in chart images below Breakout above 50DEMA & 100DEMA RSI Breakout above 60+ on Daily Time Frame Bullish side Breakout in Histogram on Daily Time Frame MACD running Positive & above zero line on Daily Time Frame Bollinger Band on Weekly If we look at the weekly time frame, the current week's candle is above the middle Bollinger Band, indicating that the price is above the 20-period simple moving average on the weekly time frame. which is very good sign. Shown in chart image below Price Trading above 20 SMA on Weekly Time Frame (Mid.Bollinger Band) Significant Observation in Price Action & Volumes Before the breakout, the rounding bottom chart pattern that was forming at the bottom can be interpreted as accumulation, as a red bearish candle with high volume appeared, marking the highest volume. Notably, no candle has closed below the low of that candle since then. Although a gap-down candle occurred, it opened and closed bullish, indicating no selling pressure below that level. The absence of bearish follow-up and the subsequent breakout today are significant observations, combining price action and volume. This is a positive sign suggesting the price may move upwards. Shown in chart image below This is how chart analysis is done for investment purposes. We've seen many signs in our favor, and yet we still use a stop loss to prevent significant losses in case the stock or market moves unexpectedly. This is what stop loss is all about - minimizing potential losses. We've also discussed the target projection based on Wave theory, 123.6% level, which we explained through an image. So, friends, I hope you've understood the entire conclusion and learned how to analyze charts using different methods, one of which we shared with you today. 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. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:VOLTASEducation
by RK_Chaarts
17
A Step-by-step Guide to One of the Chart Analysis MethodHello Friends, Welcome to RK_Chaarts, Today we're going to learn step-by-step guide to one of the chart analysis Method by analyzing a chart of " Varun Beverages Ltd. (VBL) " to identify a trend change opportunity.(Educational Post). Let's get started! Applying Elliott Wave Theory First, we can see that the bottom formed in March 2025 is likely a Wave ((4)) in Black as a bottom, marked as such on the chart. From there, Wave 5 should move upwards. Looking at the daily timeframe, we can see that price gone up in five sub-divisions of Wave (1) in Blue of Wave ((5)) in Black have completed, marked as Red 1-2-3-4-5, that means blue intermediate Wave (1) has ended, and Wave (2) has begun, which is unfolded in corrective nature marked as WXY in Red of Wave (2) in Blue. According to the wave principle, Wave (2) should not retrace more than 100% of Wave (1), which started from the 419.65 bottom. Therefore, 419.65 becomes our invalidation level. If the price moves below this level, it would invalidate our Wave (2) principle. Assuming our wave counts are correct, the upward movement is in the five sub-divisions, and the downward movement is in the three sub-divisions. Definitely, the conviction is increasing that we have correctly identified Waves (1) and (2). Shown in chart image below Tweezers at Bottom Now, we can see that Wave 2 has retraced more than 70% and has formed a Tweezer candlestick pattern at the bottom. A bearish candle was followed by a bullish candle, both with a Tweezer-like shape, with the second candle being green. This could indicate a potential reversal. Moreover, the latest candle has also taken out the high of the previous two candles, showing follow-through. The price has also shown follow-through on the upside after that. So, this can be considered as the first sign that Wave 2 might be ending, marked by a significant Tweezer pattern at the bottom with a follow-through candle. Shown in chart image below Significant Breakout Pending Yet Secondly, from the top where Wave 1 ended, we've been considering the decline from around 560.50 as a resistance. We drew a resistance trend line, and if the price breaks out above it, we can say that the resistance trend line has been broken, indicating a breakout above the last fall's trend line, Which is not Broken yet. Shown in chart image below Dow Theory The Dow Theory states that when the price moves up, it forms a Higher High, Higher Low pattern, and when it moves down, it forms a Lower High, Lower Low pattern. Somehow, the Dow Theory also needs to change, as the last swing was forming a Lower High, Lower Low pattern. The last swing high was at 479, which we marked with a green arrow. If the price crosses above it, we can say that the price is now forming a Higher High pattern. This indicates that the Dow Theory is changing from a falling trend to a rising trend. Shown in chart image below Stop Loss Once the Dow Theory also changes, we can use the last swing low at 446.15 as our stop loss. However, this stop loss will only be valid after the Dow Theory changes; otherwise, the invalidation level will remain at 419. Shown in chart image below Projected Target of Wave (3) So, friends, we've applied the Elliott Wave principle, and there's been a significant retracement, all within the valid range, without violating any rules or triggering invalidation. There's limited room left on the downside, and then we have the Tweezer candlestick pattern, which is a significant sign. We're expecting a reversal from there, and the price has followed up with an upward move. What's left now is the breakout above the resistance trend line and a change in the Dow Theory. Once these two conditions are confirmed, all parameters will match, and we can add a position to our portfolio using the last swing low as our stop loss, instead of the invalidation level. This is how chart analysis is done for investment purposes. We've seen many signs in our favor, and yet we still use a stop loss to prevent significant losses in case the stock or market moves unexpectedly. This is what stop loss is all about - minimizing potential losses. We've also discussed the target projection based on Wave theory, 161.8% level, which we explained through an image. So, friends, I hope you've understood the entire conclusion and learned how to analyze charts using different methods, one of which we shared with you today. 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. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:VBLEducation
by RK_Chaarts
27
USDJPY – Triangle Complete? Wave (v) Setup BuildingWave (iv) appears to be ending with an (e) wave tag into the 0.764 retracement. 📉 Price remains capped within the contracting triangle — watching closely for breakdown confirmation. If this plays out, wave (v) of C could now begin unfolding with initial focus on 140.00 and below. 🧩 Structure: (a)-(b)-(c)-(d)-(e) triangle complete 📏 Final wave (e) aligns with 0.764 retracement and structural resistance ⚠️ RSI divergence + weakening momentum support the bearish scenario
Short
by EWaveInsights
1
BTCUSD analysis for this cycle TopBTCUSD analysis for this cycle Top 1. According to the Elliot wave it is the 5th wave of elliot theory 2. As per the time cycles Btc should define the top in the last quarter of this year possibility in (oct or nov) 3. And for the projection as always the Btc favourite patthen AB=CB is also in play. 4. Fib extension tool level 1.618 So as we can see if btc will play according to this analysis. As its always follows this same things again & again in all cycle. So we can expect the top somewhere around (165,000).
BITFINEX:BTCUSDLong
by TradewithJohnson
S&P500: Approaching the 88.70% RetracementThe S&P 500 continued its climb, nearing the 88.70% Fibonacci retracement level. The top of magenta wave (B) has not yet been confirmed, so under the primary scenario, we continue to expect further upside into the magenta Target Zone between 5,880 and 6,166. Once that zone is reached, wave (C) is expected to take over and drive the index into the next Target Zone — the green zone between 4,988 and 4,763. Short positions initiated within the upper zone remain viable and can be protected with a stop 1% above the top of the range. The alternative scenario — assigned a 40% probability — assumes the rally will continue directly into wave alt.(III) in blue, with a breakout above the 6,675 resistance. Over the long term, we continue to expect one final impulsive leg higher in blue wave (III) once the broader green wave correction is complete. This should take the S&P 500 well above the 6,166 mark. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
CME_MINI:ES1!Long
by MarketIntel
BTCUSD Wave Count: Bitcoin Unfolding Wave ((5)) ?Hello Friends, Welcome to RK_Chaarts, Let's analyze the Bitcoin chart today using Elliott Wave theory. As we can see, Bitcoin recently made a high around $112,000 on 23rd May 2025. We've marked this as the completion of Primary Degree Black Wave ((3)). After that, it dropped to complete Wave ((4)) on 31st May 2025. Now, it's moving up, possibly unfolding Wave ((5)). According to Elliott Wave principles, Wave 2 cannot retrace more than 100% of Wave 1. So, our nearest invalidation level is the 31st May's low at $103000. If the price sustains above this level, we can expect it to move towards $115,000 as a Projected Target of wave ((5)). However, if it breaks below the invalidation level, we'll need to re-analyze the wave counts. We've also drawn some trend lines, marked in black dotted lines, which act as support and resistance. This is a 1-hour time frame chart. The red line marking the nearest invalidation level is crucial. If it breaks, we'll need to adjust our wave counts. If it holds, we can expect the price to move up towards $115,000. Let's see how the market unfolds. Please note that this is an educational analysis and not a trading tip or advice. Analysis Summary - Analyzing Bitcoin chart using Elliott Wave theory to understand market trends and potential price movements. - Recent high around $112,000 on 23rd May 2025, & Recent Low around $103,000 on 31st May 2025 indicates a significant turning point in the market. Wave Count - Completed Primary Degree Black Wave ((3)) suggests a major uptrend has concluded. - Completed Wave ((4)) on 31st May 2025 indicates a correction phase has ended. - Possibly unfolding Wave ((5)) implies a new uptrend may be emerging. Key Levels - Nearest invalidation level: 31st May's low at $103,000 serves as a crucial support level. - Projected Target: $115,000 represents a potential upside target based on Elliott Wave principles. Elliott Wave Principles - Wave 2 cannot retrace more than 100% of Wave 1: a key rule governing wave relationships. - Wave ((5)) projection based on Fibonacci ratios and wave extensions. Chart Details - 1-hour time frame chart provides a detailed view of recent price action. - Trend lines marked in black dotted lines highlight key support and resistance levels. - Red line marking nearest invalidation level is crucial for validating the wave count. Important Notes - Breaking below the invalidation level would require re-evaluation of the wave count. - Sustaining above the invalidation level increases confidence in the projected target. 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. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
4
EUR/USD Forecast: Impulse Wave Progressing TowardThe EUR/USD is currently exhibiting a well-defined impulsive structure following the completion of a corrective (ABC) phase. The market has successfully formed waves (1) and (2), and is now advancing within wave (3), which typically carries the most momentum in an Elliott Wave cycle. The ongoing rally suggests wave (3) is targeting the 1.15350 level — a key Fibonacci projection area that aligns with previous structural resistance. Momentum remains strong, supported by bullish market structure and sustained buying pressure. Should wave (3) conclude near this zone, a brief corrective pullback into wave (4) is anticipated, likely retracing toward the 1.14440–1.14730 support range. This would offer a potential entry opportunity before the market resumes its higher trajectory in wave (5), targeting the 1.16077 level. T1: 1.14857 T2: 1.15090 SL: 1.13867
by Money_Dictators
PIXELUSDTThe outcome of this analysis is that based on the structure of a zero - D wave, which may be a pig or triangle, or even a pig, we should look for the optimal areas to buy Spot … In the event that this analysis is correct, it may be ideal to purchase Spot in the vicinity of Beijing to the tribes. A cautious target for the Chinese outbreak and a more risky target could be a dollar casualty. In time terms too, mid - June and more accurately the beginning of the third week of June would be the ideal approximate time for the start of the DC wave … As indicated in the chart late July and early September are important times in the chart that will probably work depending on the structure and my guess is that the mentioned times are the ideal time for the end of the larger D - wave …
Long
by SAJAD_BAZYAR
XAU/USD Elliott Wave Analysis: Gold Price Set for Drop to $3,240The chart for XAU/USD (Gold Spot vs. USD) on the 4-hour timeframe displays a potential Elliott Wave structure within a descending channel. The price recently completed a five-wave impulsive move upward, labeled as wave (d), suggesting a corrective move down to complete wave (e). A potential short-term entry point is identified near the top of the rising wedge at **\$3,360**, targeting a bearish pullback. The expected retracement may reach the **\$3,240–\$3,200** zone, where the (e) wave is projected to complete. This area aligns with the lower boundary of the corrective channel and prior structural support. After this correction, a bullish reversal is anticipated, potentially launching a strong rally towards **\$3,520+**, which serves as the long-term **take profit** zone. This setup presents an opportunity for traders to position short in the near term and long once the (e) wave completes, signaling the end of the larger correction and the start of a bullish breakout.
SAXO:XAUUSD
by Metxa
Dow Jonas - Elliot wave📉 DJI — Elliott Wave Top in Sight? 🔍 A long-term analysis with serious implications... I've been diving deep into the Dow Jones Industrial Average (DJI), using Elliott Wave principles — and what I see may signal the end of one of the longest bull markets in history. Elliott was right — the massive bull cycle did arrive and extended well into the 2000s. But now, that journey looks to be nearing its final destination. Currently, I believe we're witnessing the development of an Ending Diagonal pattern — a structure often seen at the end of a major impulse. This formation appears to be completing a set of blue sub-waves, which in turn cap off the larger green primary impulse wave. 📍 The box marks my anticipated top for the DJI. From this point, I expect a strong reversal and the beginning of a major correction. Now here's the shocking part: If this correction plays out in time and reaches the Fibonacci 0.382 level, that would suggest a retracement spanning up to 86 years — yes, 86 years. This isn’t just about markets anymore — such a scenario could carry massive consequences for the global economy and society as a whole. If, however, we see a strong breakout above the box, then the ending diagonal thesis would be invalidated, and we might instead be witnessing an extended wave 5 — complete with five internal sub-waves. But either way — the top is coming. It’s just a matter of when, and how hard we fall. 💬 What are your thoughts? Could we really be on the edge of a generational peak?
TVC:DJIShort
by CeBee
Technical Analysis with Elliott Waves: A Combined ApproachHello friends, Welcome to RK Charts! This Educational Post is based on technical analysis, specifically how to initiate analysis on a chart, and what points to consider. This is purely for Educational purposes. This is not a trading or investing tip or advisory. Rather, it's a comprehensive guide on how to easily analyze a chart, intended for educational purposes. I hope that by reading and understanding this post, you'll gain valuable knowledge and insights. Your focused effort to understand this will surely provide you with something valuable and easy to grasp. Let's dive in, During technical analysis, what we had observed certain points in this chart, I'm highlighting them here: 1. Resistance line breakout, where the price has closed above it. 2. The volume within that breakout. 3. The price closing above Weekly Exponential Moving Averages. 4. Elliott Wave Counts. 5. Projected Target along with Invalidation level as per Elliott Wave theory. 6. Projected Duration for Projected Targets. Breakout of Resistance zone with Good Volume intensity: So, friends, here we can clearly see on the chart that this is a weekly time frame chart of Shipping Corporation of India Limited. Over the last eleven months, from July 2024, the price has been falling, remaining largely bearish, but has now broken out of Curved Resistance Trendline for the first time with a bullish candle on Weekly (Closing basis), accompanied by good volume intensity. Alongside this, the price has sustained and closed above Major EMAs: - 50-Weekly Exponential moving average (red line plotted on the chart) - 100-Weekly Exponential moving average (blue line plotted on the chart) - 200-Weekly Exponential moving average (black line plotted on the chart) on the weekly time frame. Elliott Wave Theory: Considering the Elliott Wave structure, if we look at it theoretically, the top it made on July 2024, was the completion of Wave III. After that, it completed Wave IV in 7 swings (WXY) and is now possibly moving higher, making higher lows. It has closed above the moving averages, broken out of the Curved Trendline, and has strong volume. So, possibly, we are unfolding an impulse Wave V. In Elliott Wave Theory, the invalidation level means that the price should not go below that level, which in this case is the low of Wave IV at ₹130. If the price goes below that level for any reason, even by a single point, our wave counts will be invalidated, and we'll have to re-analyze the chart. That's why we call it the invalidation level. Analysts and traders also refer to it as a stop-loss level. So, in Elliott Wave Theory, our wave counts remain valid as long as the price stays above the invalidation level and doesn't trigger it. Now, regarding the target, if we take the measurement of Wave IV and calculate its 1.236 level, the target for Wave V should be above the high of Wave III. According to Elliott Wave Theory, the projected target for Wave V is near ₹440, which is the 1.236 Fibonacci level. Projected Duration for Projected Targets: In the chart analysis we conducted, where we prospectively projected a target, if everything goes right and the invalidation level is not triggered, what could be the duration of this target? It will definitely take more than a medium-term duration, maybe even a long-term duration. This is because each candle represents a week, and we're currently looking at the weekly time frame. Since the fourth wave has just ended and the fifth wave is upcoming, it will take a long-term duration 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. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SCIEducation
by RK_Chaarts
12
U.S. Dollar Index Set for Bearish Continuation The U.S. Dollar Index (DXY) has completed a five-wave impulse decline (labeled (1) through (5)) from the top of the descending channel. This downward move suggests a completed impulsive bearish leg. Following that, we’ve seen a complex corrective structure – a WXY double zigzag correction – now complete. Price action shows a rejection from the upper trendline resistance near wave (2), confirming the bearish structure remains intact. The bounce into the corrective high (wave (2)) failed to break above key resistance, and we are now potentially entering a new impulsive move down labeled as wave (3) of the next larger degree impulse. Primary Impulse Decline: Wave (1) to (5): Classic 5-wave move down ending late April. Corrective Phase: Complex WXY correction (with subwaves A-B-C in both W and Y). Current Wave in Play: Wave (3) of a larger impulsive sequence is initiating. T1: 99.172 T2: 98.013 SL: 101.259 If price closes above 101.265 the current bearish impulse scenario would be invalidated.
TVC:DXY
by Money_Dictators
SPY Green Light to All Time Highs?As VIX is sitting around 25, this is the first Monday in I can't remember how long we aren't gapping down at open! I'll take it! There is a ton on the calendar this week: jobs, first print for Q1 GDP, PCE, ISM mfg, and a ton of consequential earnings! Not to mention will we get a couple deals announced this week. Feels like India, UK and Japan are close. This could spur a market rally to continue! Did a ton of work on Elliott this weekend, but didn't create a video. Essentially, since we closed in the wave 1 of the red C leg (on daily and weekly basis), we have invalidated a chance of a fifth leg lower (thank God!). This means we are in first impulsive intermediate 5 wave that should go to all time highs (next Apr)! Since we already have two minute impulsive waves that were similar in size, we likely will finish the minor wave 3 as pictured and then since 1 & 3 of minor waves will be similar in size the impulsive 5 wave target will be as pictured as well. Remember it is simply the net of waves 1 through 3 times 0.618 and add that to the finish of wave 4 in either case. After wave 3, we will get a pullback, but this will be a buy the dip opportunity finishing the 5th wave around 580ish. After this we will get a deeper corrective wave but if sentiment is positive it may be shallow, only 38% to 50%, so will want to re-evaluate at that point! This is why it is important if you are investing not to FOMO, as there will be many opportunities to buy the dip!
AMEX:SPYLong
by KingTrading999