Adani greens possible retracement levels till 800 levels Adani greens possible retracement till 800 levels in months to come .
Elliottwaveprojection
Crypto Market Found The Support Along With TeslaCrypto market found the support along with Tesla on a daily chart, which is now turning sharply up with huge volume increase after a completed wave C of an A-B-C correction from the highs. Whales loading?
Cryptocurrencies turned up nicely in the last few weeks as USD turns down across the board, following FED comments that they are planning to slow down the hawkish policy. One of the reasons for a strong turn up on cryptos was also news by FTX advisers that have found $5 billion cash or sellable cryptos.
We know that some of big names and companies are linked or are fans of cryptos as well. Tesla per example bought 1.5 billion in bitcoin in 2021 but then dumped some big % in q2 of 2022. But more importantly, Elon Musk's Tesla still HODLing $218M in Bitcoin so it appears that they did not give up on cryptos. In fact, there was a nice bounce on Tesla stocks and cryptos at the same time, and looks like both can be bottoming, especially after better than expected quarterly earnings by Tesla.
XAUUSDGold looking for a good drop ! expecting a impluse wave towards downside ! may be a 3 rd wave of A according to elliott wave theory !!
CHAYO | Elliott Wave | Correction Projection - 25%Price action and chart pattern trading
> The current price C-wave correction is moving within a falling flag
> Potentially 4-wave uptrend targeting 0.5 retracement of 3-wave approaching / fakeout SMA200 day resistance zone.
> Entry @ SMA200 breakdown
> Target @ 0.5-0.618 Wave 3 extension zone -25% - 30%.
> Stop @ 8% previous 1-wave correction zone
Always trade with affordable risk and respect your stoploss
IIG | Elliott Wave Analysis | Falling Wedge Breakout Target +22%Price action and chart pattern trading setup:
> A minor wave 2 correction ended with a falling wedge breakout with a potential target +22%.
> The current price is trading between SMA200 and SMA50 - a possible pullback entry at SMA50 and 20 golden cross price position.
> Stop @ the lowest inverted head & shoulders -7%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss.
Good Luck
LINKUSDT Exiting Ending Diagonal from the last impulsive wavePrice action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as shown within a modified Schiff Pitchfork. Potential swing-downward in a corrective wave target to Dec '22 low re-test. Monthly Inside Bar zone.
TRX Breaking Out the Triangle which is the 4th WaveTRX Breaking Out the Triangle which is the 4th Wave. Projection based on 0.618% fib extension.
ETHUSDT: Elliot Wave Analysis Hello guys. As according the chart of Ethereum we see a Correction "ABC" wave I expected touch end of "C" wave at 1463.
BPP | Wave Analysis | Bullish Divergence Uptrend Target +25%Price action and chart pattern trading setup:
> ABC correction - main downtrend channel breakout in TFW and bullish Anti Nenstar pattern - possible a major trend reversal pivot point
> Indicator: MACD / RSI bullish divergence - strong reversal signal in TFW
> Entry @ Breakout retest zone SMA50 - 20
> Target @ TP1 17.2 + 15% Inverted Head & Shoulders Target / TP2 18.7 + 25% - Falling Wedge Target - 0.618 Fibonacci retracement and volume profile POC
> Stop @ Inverted head position -7%
> Risk reward ratio: 2:1, 3:1
Always trade with affordable risk and respect your stoploss - nothing 100%
BTCUSDT: Elliot Wave analysis 32677$Hello guys. We see at the chart "abc" wave . "A" is finished and start to "B" wave and continued to "C" wave at the 32677$
Now best position for B wave is Short position.
Gold - LTF Bullish ScenarioIn our bullish scenario, the WXY wave 4 correction is possibly complete and Gold is in the final sub wave 5 of the larger wave 1.
A decisive break above 1949 confirms this scenario.
BeyondEdge.
Gold - LTF Bearish ScenarioGold may need a deeper pull back to achieve pricing above 1950. Possible rejection at 1938-1942.
Should price reject, I expect to see a continued move back towards 1900 completing the WXY before rising to +1950 levels.
Bullish move is yet to be to complete on HTF.
Trade safe and I hope you have a good end to the weekend.
BeyondEdge
BTCUSDT Elliott Wave - Current Corrective Wave StageCurrent in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave.
Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame.
- 1st Highs drawn from Wave 5 high.
- The low being 22,750 and yet to understand why that level at time of posting but this the magic low used (it is a daily support and a level from which the price moved to make Wave 5 high).
- The 2nd Highs drawn to the highest high within the range below Wave 5 high
Interesting, using Trend Based Fib Extension, plotting the 1st high, that if you work the way up from left to right, choosing the lower highs on a 90 minute time frame, pulling the next plot to 22,750 lows, then lastly to high within range, playing with this tool draws perfect fibs that correlate to daily Point of Control (POC) levels.
I've chosen to use the Fib at 22,750 because when drawing the retracement level for Corrective Wave B. If using 25,530, the price target is below Impulse Wave 3, which does not fit the rule for Elliott Wave Theory.
-To draw target Corrective Wave B, using the Trend Based Fib Extension, (Low to high to low), drawn from Corrective Wave A at 22,7k to the High Impulse Wave 5 back down to Wave A at 22,7k giving a possible Corrective Wave B target to the upside of 23,4k. Another important level to be aware of for Wave B target is approximately 22,600ish which is a Naked Point of Control (NPOC)
-To draw the Corrective Wave C target, a bit uncertain at time of writing. The last of which is more technical. Using the Trend Based Fib Tool, (high to low to high) from Wave 5, to Wave 4, to the Corrective Wave A, with a target to the downside of approximately 21,750 and daily support level. (at the time of publishing I've 22,129 chosen as it seems a strong daily support).
Other point of interest. I've been using Exocharts TPO 1 hourly. Which has been useful for spotting Naked Point of Controls (NPOC), and as well as using Order Flow to determine market movements. Found that although some support levels are well respected. NPOCS on hourly TPO seem to be hit when on a down trend, and can be a good level of support.
Please feel free to correct me n any mistakes you make think I have made. Always happy to have positive criticism and useful feedback. Play around with the Trend Based Fib extension tool, the levels and confluence with time frame support and POC's are amazing!
FORTH | Elliott Wave Correction | Breakout or Fakeout? Price action and chart pattern trading setup
> A possible strong rising uptrend 4 Wave correction making a false breakout at EMA200D
> Wait and see at EMA200 retest confirmation
> Entry: EMA200D breakdown
> Target 5 wave correction of A-wave at EMA200 week -40% downside
> RRR: 3:1
NVIDIA and AMD Are Breaking Important Bullish LevelsAMD and Nvidia stocks are breaking higher this week, possibly ready for more gains as the recent corrective pullback to 140 and 60 USD appears completed. More upside here can be positive for cryptos about I talked in our webinar this Monday, here on tradingview.
Grega
I put link below if anyone is interested in recording.
www.tradingview.com
BTC ADVANCED ELLIOTT WAVES ANALYSIS !In this section, the technical analysis of Bitcoin is discussed from the perspective of Elliott waves. With this review, it has been determined that the price is ready to form the third big upward wave and can experience growth up to $24850. Then, while forming the fourth corrective wave, it will drop to around $21,000 and prepare for another growth.
AUDUSD - Rising WedgeAs we can see AUDUSD created a rising wedge and fell below and show great resistance at the .705 Fib level which is a key Fib level for the 2nd wave of the Elliott Wave Theory. We should now be in the formation of the 3rd wave which is usually the most impulsive wave. On the Chart I marked my Take Profit levels so we can do now is wait to see how the market plays out.
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DOW JONES CONTINUES BEARExpanding Diagonal of Wave A, minor uptrend since September 2021, in my perspective was Wave B.
EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets.
Click here -
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Timeframe :
MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c.
When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 .
Don’t forget prices are moving outside the channel, which is a negative point for traders. Bearish continuation is possible if the price sustains below wave (4).
I will update further information soon.
XAUUSD Forecast on My Elliott Wave PerspectiveThis time, im sharing you Gold projection based on my perspective using Elliott Wave Principle. Potensi sideway sampai 18 Januari 2023.
NASDAQ FORMING ENDING DIAGONALNasdaq is forming Ending Diagonal (3-3-3-3-3). Invalidation level is at Wave 4's Terminal. It's possible wave 5 will overthrow. Trade safe, Guys.
This is just my perspective, if there any principle that have been broken on my idea, im open for criticism.
SPX ShortHTF context:
Probably going down as multi-zigzags, to complete Wave C of Diagonal (yet to be formed)
TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap? Price action and chart pattern trading - A possible bull trap false breakout SMA200D
> The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend
> Wait for a pullback to complete the right shoulder consolidation pattern.
> Entry : breakout - right shoulder after pullback consolidation
> Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone)
> Stop: right shoulder support - 4%
> Risk Reward Ratio: 2:1
Always trade with affordable risk and respect your stoploss
Good Luck
