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Elliottwaveprojection

ALGOUSDT | Wave Projection | 4.4 Wave Expanding DiagonalPrice action and chart pattern trading setup > A possible uptrend 4 wave with expanding triangle pattern ABCDE > Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave > The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump pattern is expected. > Indicator: MACD squeezed and gold cross the baseline with wider uptrend ribbon, most likely to continue rising for now. Always trade with affordable risk and respect your stoploss - nothing is 100%
Long
by dukeposh
Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100 -After that we can expect new wave cycle from there but we will discuss it when the time comes Hope this idea was helpful & good learning experience
NSE:NIFTYShort
by mr5476
RBF | Wave Analysis | Target Projection - Ending DiagonalPrice action and chart pattern trading > Falling wave channel pattern, possible downtrend 3-wave ending diagonal pattern > Target doubled top zone previous wave 1 - 2 as price rejection is expected, followed by tight candlestick consolidation. > Entry @ downtrend channel breakout from the consolidation, MACD and RSI bullish signal > there are other strategies you can use, including using indicators and using patterns like triangle, ABCD , XABCD, and head and shoulders . Always trade with affordable risk and respect your stoploss, nothing is 100%.
SET:RBFShort
by dukeposh
PRM | Elliott Wave Analysis | B-wave Buy on dip trading setupPrice action and chart pattern trading: > Falling wedge correction wave with strong breakout uptrend if you didn't catch the first uptrend, here is the setup for buying the dip. > status MACD dead-crossing the signal line, possible correction is coming. > 1st Entry @ strong POC support near 6 baht or SMMA25 zone > 2nd Entry @ falling wedge retest zone about 0.618 retracement > Target B wave uptrend near 2-wave downtrend or 0.618-0.786 retracement zone also equals to the target of the falling wedge with a + 30-40%% upside. > Stoploss @ slightly below the 2nd entry zone -10% downside. > Risk reward ratio: 3:1 Buying the dip is an important strategy you can use to trade the financial market. Apart from the dollar cost averaging and Fibonacci retracement, there are other strategies you can use, including using indicators and using patterns like triangle, ABCD, XABCD, and head and shoulders. Always trade with affordable risk and respect your stoploss, nothing is 100%.
SET:PRM
by dukeposh
Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100) -Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed -Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :) *This theory gets invalidated if today's high is broken* Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
NSE:NIFTYShort
by mr5476
Nifty wave 4 completed now heading towards 17928-As discussed yesterday Nifty confirmed wave 3 & today itself it gave retracement of wave 4 -From now on nifty at the time of closing Nifty gave very small bounce from 17779 which is where 38% level is -We can assume that wave 4 is completed here & from tomorrow we are heading towards wave 5 -Target of wave 5 is 17919 also because our wave 3 was extended & wave 5 may get extended or not but it should atleast target high of wave 3 *If market breaks 17665 then this whole theory gets invalidated*
NSE:NIFTYLong
by mr5476
Adani WilmarAdani Wilmar wave analysis: Adani wilmar is doing well in terms of waves. So far we have done wave 1, wave 2 also looks completed. Now we are in a non-convincing up move but it looks like adani wilmar is making space for upward move. Investor can invest on advice of their financial advisor. This chart is not a trading/investing advice. Please ask your experts for any such activity. Every level which has its importance is depicted on the chart, you may ask for any doubt thereon. Thank you Regards
NSE:AWLLong
by imkhushal
1
APEUSD | Wave Analysis | Bullish Triangle ABCDE ProjectionPrice action and chart pattern trading setup > A possible upcoming bullish triangle ABCDE wave within 1-2 months > B-wave retraced 0.786 of A-wave and recent C-wave retraced exactly 0.786 of B-wave. > Expecting uptrend D-wave at 0.786 of C-wave with an inverted head n shoulders reversal pattern. > Entry: head n shoulders breakout > Target: D-wave position +30%+ > Stoploss: right shoulder -10% > RRR: 3:1 Indicator: > MACD above signal line just below 0. > RSI bullish momentum rebounded from MA line Nothing is 100%, always trade with affordable risk and respect your stoploss
ALong
by dukeposh
TKN | Wave Analysis | Possible Upcoming Impulse 3-Wave ForecastPrice action and chart pattern trading setup > Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave. > Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone > Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20% > Stoploss: Lower triangle support zone -7-8% > Risk reward ratio: 3:1 Always trade with affordable risk and respect your stoploss
SET:TKNLong
by dukeposh