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Elliottwaveprojection

SITHAI | Elliott Wave Uptrend 5-Wave Projection | Ascending ChPrice action and chart pattern trading: Elliott Wave 5 wave projection > Ascending channel global pattern with i - iv wave ending diagonal formation : ii wave retraced 0.786 of i wave, iii wave ABC diagonal extended 1.242 of i wave with a bull outlook of further rising. > 4-wave could retrace below the current local rising triangle wave as a temp bear outlook. > Final 5 wave projected between 1.0 of local i wave and 1.618 extension of iv wave > RSI and MACD bullish signal above baseline. Always trade with affordable risk and respect your stoploss.
SET:SITHAILong
by dukeposh
BTCUSDT | Elliott Wave Projection | 4 Wave Correction Target Price action and chart pattern trading setup > The previous minor 3 wave extended 2.618 of 1-wave with small head & shoulders formation. > Potentially, minor 4-wave correction scenario at 0.5 fibonanci retracement of minor 3 wave impulse > possible retesting SMA50 dynamic support at SMA50 X SMA200 level zone. > Wait for reversal pattern in smaller timeframe TF4H / TF1H breakout confirmation > Target 5-wave (major 1-wave) expected at 1.618 extension of 1-wave > RSI sharply declined dead crossed uptrend line below 50, expecting further downside. > Based on this scenario, TP at 27K-28K price zone +30% upside as completing this uptrend cycle. Always trade with affordable risk and respect your stoploss! Good Luck
Long
by dukeposh
3
DAX: Approach to Resistance Area... how to trade it?Hi everyone! The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top): If there is no pullback, the next bullish target is around 16.230 area. ...trade with care! 👍 If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖 Cheers!
EUREX:FDAX1!Short
by TheAnonymousBanker
8
GOLD XAUUSD - Where now?Hi everyone, We saw the reaction off the completed WXY highlighted last week (linked idea below) play out perfectly and the larger three wave corrective structure now also looks complete above the 1860 level. My plan is to target the price inefficiency highlighted in the red boxes whilst monitoring how the forthcoming wave structure develops. Expecting initial resistance at the 1900 level. A bullish five wave structure will likely lead gold higher beyond 1960, completing the impulsive move which began in September 2022. Will update how that plays out accordingly. Trade safe. BeyondEdge
OANDA:XAUUSD
by BeyondEdge
2
USDCHF: SMALL DROP, BIG RALLY The USDCHF currency pair has been under observation and analysis in recent times, and based on the current market conditions, it is likely to be in a corrective phase. After the correction, it is expected that the USDCHF currency pair will enter into an impulsive phase. I expect the currency pair to drop to the 0.92000 - 0.91500 price zone. At this level, it is likely that the 200 EMA will provide support. It is recommended that traders monitor the H1 200 EMA, which is a more significant long-term moving average. To confirm a potential upside move, I'll look for price rejection on the 200 EMA, which can be indicated by a shark fin pattern or divergence on the TDI indicator. If a shark fin pattern is present, it can provide a bullish signal and increase the likelihood of a price reversal to the upside. Based on this analysis, my medium-term target is 0.945000, and the long-term target is 0.9700.
Long
by Samuel124
3
Jubilant Food WorksHello and welcome to this analysis The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low. Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
NSE:JUBLFOODShort
by Dinesh_C_Nagpal
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.
NASDAQ:TSLALong
by ew-forecast
1
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.
Short
by firmestudio
1
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%
SET:BPPLong
by dukeposh