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Elliottwaveprojection

Elliott Wave Analysis of ATROAstronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe. Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching $20.35, which was labeled as wave ((iii)). Currently, the stock is believed to be in wave ((iv)), which is expected to consist of three subdivisions: (w), (x), and (y). As of now, we are unfolding wave (y) within wave ((iv)). This wave (y) is further subdivided into wave a, wave b, and the ongoing wave c which can go still lower. Once wave ((iv)) completes its formation, the expectation is for a rally to the upside, signaling the beginning of wave ((v)). This wave ((v)) has the potential to surpass the high of wave ((iii)), indicating a continuation of the bullish trend. However, it's important to note that the validity of this wave count may be challenged if the price drops below the $16 level. This would invalidate the current wave count and necessitate a reevaluation of the analysis. Traders and investors should exercise caution and consider risk management strategies when making decisions based on Elliott Wave Theory, as market movements may deviate from the expected patterns. Please keep in mind that this analysis is based on historical price data and patterns, and actual market behavior may vary. Always conduct thorough research and analysis before making trading decisions. 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_Charts 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_Charts 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:ATROLong
by RK_Chaarts
2
Litecoin: consolidation in mid-term?Hi Traders! From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2). The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions. Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker
14
GALA Primed For More Upside In Crypto - How To Buy The DipsThis current dip on GALA will be the last best buying opportunity for it's current trend. Crypto is famous for running flat corrections that make higher highs and higher lows. In fact, it's the most popular type of correction in all bull markets. These types of corrections leave traders chasing after price as they are uninformed on how to take advantage of them. In this video, I share how to buy the dips on GALA starting with this one. I share two trade setups with two different strategies and clear step by step conditions that need to get met in order to execute this trade. Let me know in the comments if you agree or disagree with the upside I'm projecting. Do you think these trades will work out? Follow if you want to make 2024 your most transformational year in the crypto markets. I'll take you by the hand in these Tradingview updates. I've been trading in crypto full time for over 6 years since 2017 and I've thrived through every bull market, outperforming bitcoin's performance every time. This bull market will be the same. But.. It's going to take strategic navigation of shifting between crypto's and some diversification. I leverage expert research companies to feed me the next best projects coming out and then I overlay my technical system to the charts to time my entries, manage my risk, and maximize my profits. Join me in making 2024 another life changing year!
Long
by NewWave_Traders
1
Sandbox (SAND/USDT): Trend is still bullish, next Target?Hi Traders! From our point of view #SAND still remains very interesting for Investors and Day Traders . If we look at the 6H chart, we see that there is still room for appreciation in the short and medium term. From a technical point of view, the trend is still bullish on the daily chart and the next targets are around 0.9628 area and 1.40 area. That said, if our analysis is still correct, it is possible to continue accumulating long positions on the next corrective structure (pullback) that may appear on intraday time frame. In the next update that we will publish below, we will also try to show some interesting technical levels, but to do this we also need your support, a Like and a comment will be appreciated. INFO The Sandbox SANDUSD is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By using the Ethereum blockchain, Sandbox ensures that players have true ownership of their assets, which can include anything from virtual plots of land to in-game characters. The native utility token of the platform is SAND, which serves multiple purposes such as a medium of exchange, governance through voting, staking, and rewarding players and creators. The platform's primary goal is to introduce blockchain technology into mainstream gaming, successfully bridging the gap between the virtual world and real-world ownership. In conclusion, this crypto still remains in our portfolios and we hope to be able to add more.
Long
by TheAnonymousBanker
DAX Remains In UptrendDAX has seen some deep pullback in 2023, but it was A-B-C drop into the important 14400-14600 area. We can see nice and clean impulsive recovery from that support area and back to new highs, so bullish trend is back and it's very strong one; a move that can resume even higher after recent consolidation. Ideally that's wave 4 that can be now completed with current sharp and impulsive bounce, so be aware of a continuation higher for wave 5, especially if breaks 16800 bullish confirmation level.
PEPPERSTONE:GER40Long
by ew-forecast
QQQ to $392Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been present since the share price surpassed $400; the RSI highs retain a negative slope while the share price highs have a positive slope (both reflected in yellow). This supports the Elliott Wave Theory and ascending channel pattern as the share price is currently at, or soon approaching, the crest of Wave 3 as well as the ascending channel resistance line. QQQ may experience a slight bump upwards indicated by the RSI line (green) which appears to be close to crossing the MA line (red) from beneath. However, due to its close proximity to overbought territory, I believe selling pressure will begin soon after as might be indicated by the MACD. The MACD technical indicator shows a tightly wound MACD line (green) and Signal line (red). The MACD line is within dangerous territory of crossing its Signal line from above which is a bearish indicator and suggests an increase in selling pressure followed by a correction in share value.
NASDAQ:QQQShort
by Shepherd_Investor
6
Bitcoin Bull Market PlayBit of a long shot, but this new move hopefully follows my previous chart idea that played out well and is nearly complete also. As before, I'm not really focusing on timings, only the Elliott Wave counts. First... Price should soon head up and hit my 5th wave at around $40K-$40.8K. However, price could come down first, to around $36.8K - to tap @Anups new virgin monthly CPR. Worth noting that last month's CPR didn't get tapped at all (but this just seems bullish to me). Next... ABC correction 1) TP your Long + Short around the $40K range. Then... Brand new Elliott Wave 2) TP your Short + ladder Long term Longs at the C wave (1.618 - 2.618 range). This looks to be $24K or lower, but in case we don't get a heavy ABC correction, I'm going to start building my Longs from around the $30K mark - I'm not missing the run. Finally... Ride the Elliot Wave until the Bull market tops out. 3) TP around $56K (1.618 range). 4) TP around $78K-$80K (2.618 range). This is where I think we finally top out. Moonboy? Zoom right out if you want to see some TP5 ($120K) and TP6 ($179K) Moonboy targets. These TPs are still (roughly) calculated and so are potentially possible one day - but I don't think we go much above $80K this time around. Let's see...
Long
by dimuthj
1
Was it Charlie the whole time or does Warren just give up...Was it Charlie the whole time or does Warren just give up... Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment is involved in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment consists of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segment deals with regulated electric and gas utilities, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.
NYSE:BRK.B
by EndlessCode
UNI/USDT - Long and Short PlaysNot really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow. Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence. For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions. Red EW- Long term (1D). Blue EW - Medium term (4h). White EW - Short term (1h). Short term - White EW Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak. Medium term - Blue EW After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak. Once wave-4 is complete, we should head up to wave-5 @ 2.618. Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile. Long term - Red EW After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618. I think UNI will top at the red wave-5 range @ 2.618. Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile. I put a fib extension on my Volume Profile: Red wave-3 taps the Volume Profile's 1.618. Red wave-5 taps the Volume Profile's 2.618. Let's see...
Long
by dimuthj
New impulse in NIFTY FINANCE should drive it well above 22K markThe FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the index is once again back to its bullish phase and hence the expectation of the next bull leg. 19800 remains a crucial support for the index while 22700 remains the expected target level.
NSE:CNXFINANCELong
by neeraj_2_sharma
1
RS SOFTWARE-CHART PATTERNS AND ELLIOT COUNTS- AN INVESTMENT PICKHELLO FRIENDS, Here I have shared chart pattern and possible ELLIOT WAVE counts of RS SOFTWARE, which showing the uptrend of this stock. As per chart pattern, this stock is following the CUP AND HANDLE PATTERN which shows the BULLISH TREND of the stock. the above image confirms that as per guidelines of Cup and Handle pattern, volume contraction must be there while forming cup after giving breakout with significant volume, the stock retested the support trend-line which previously was resistance and started its continuation in upward direction. As per Elliot Wave, Stock has completed its correction as WAVE ABC from 829 level to 9.55 New impulse BIGGER WAVE 12345 has started from 9.55 and now stock is in wave (5) that will complete the bigger wave 1 And wave 2 will again give a dip as correction and again bigger Wave 3 will start. This way the stock has huge space towards north. DISCLAIMER 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.
NSE:RSSOFTWARELong
by KARANN_DINGRA
Bank Nifty to move into the 50K zone in new impulse up!Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The corrective wave can be labelled as a zig-zag(ABC) and has retraced 61.8% of the impulsive rise. Now what should unfold will be the wave iii of III. This particular leg can be projected moving towards the 50K mark soon. On the downside 44540 can be considered as an important support for the index.
NSE:BANKNIFTYLong
by neeraj_2_sharma
9
BITCOIN: Pullback before another rally?Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5. OUR LONG TERM ANALYSIS =======================
Long
by TheAnonymousBanker
6