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Elliottwaveprojection

JKLAKSHMI can rise 25-30% from current levelsThis cement stock can be expected to move towards INR 1190 levels in wave iii of III. The stock has been maintaining its impulsive counts without much violations and is in very bullish structure. The stock was seen rising in a wave i of I from Sep-Dec 2023. Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength. The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space. On the down 880 will be a crucial support to rely upon.
NSE:JKLAKSHMILong
by neeraj_2_sharma
BTC ELLIOT WAVE ANALYSISIn my evaluation of BTC using Elliott Wave analysis, I've observed that following its peak in 2021, BTC underwent a significant correction on a larger timeframe. This correction could manifest as either a flat corrective pattern or an extended wave B. Presently, we find ourselves within sub wave C of the overarching wave B, specifically in wave 4 of sub wave C. While I remain uncertain whether wave 4 has concluded, I anticipate its completion by the next week. If the market exhibits an upward movement during this period, it will signify the conclusion of wave 4, paving the way for the initiation of wave 5 targeting the ATH (All-Time High). I welcome and am open to any opinions or suggestions for refining this analysis.
BITSTAMP:BTCUSDLong
by thekidtrader11
NVidia looking toppishNVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which adds a bit of confidence to this call. New highs in the short term would possibly means that the stock is making extension and going further into its parabolic move.
NASDAQ:NVDAShort
by waverity
1
Nvidia Continues on it's impulsive move towards completionNvidia is trading just shy of it's 1.382% Fib extension level at $609 where we would normally see a wave 3 terminate in the premarket. If price has designs to extend, it will more than likely do so in a wave 3. It will be interesting to see how this coincides with the broader SPX cash and futures market, which appears to be in the exact same scenario. The apparent way Nvidia is subdividing and where it is in the overall count continues to cause me to suspect this entire pattern could complete around earnings time. If this was to align properly, that would mean that earnings will be used as a sell event. Something to keep in mind.
NASDAQ:NVDA
by maikisch
13
Navigating ABCAPITAL's Elliott Wave JourneyWeekly Time Frame: Elliott Wave Analysis: ABCAPITAL has completed wave (4) in Blue on the weekly time frame and is possibly unfolding wave (5) in Blue. Current Stage: A closer look at the daily time frame reveals the completion of wave 1 in Red, and a potential near-completion of wave 2 in Red. Invalidation Level: Strict invalidation set at the low of wave 1 in Red, pegged at 155. Daily Time Frame: Next Phases: Anticipating the commencement of wave 3, followed by wave 4 and wave 5 in Red, completing wave (5) in Blue on the weekly. What if Scenario: Break Below 155: If the price breaks below 155, the low of wave 1 in Red, we might assume a more complex correction with the possibility of double corrections within wave (4) on the weekly. Risk Management: Traders are advised to incorporate risk management strategies, including setting stop-loss levels to mitigate potential losses. 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.
NSE:ABCAPITALLong
by RK_Chaarts
$NVDA COMPLETE ELLIOT WAVE ANALYSISI have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an elongated wave B due to various sub waves, my expectation is for wave B to reach the designated green pivot area before completing wave C well below the 2022 low.
NASDAQ:NVDA
by thekidtrader11
NASDAQ COMPLETE ELLIOT WAVE ANALYSISI have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an extended wave B due to various sub waves I have listed; my expectation is for wave B to reach the designated green pivot area before completing wave C well below the 2022 low.
CME_MINI:NQ1!Long
by thekidtrader11
USDJPY : Trend is bullish above 129.60As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top). Now, instead of following the pair on the weekly chart as we did previously, let's try to show the first 2 potential Target Areas: - 140.00 (Target 1) - 143.00 (Target 2) Having said that, the support still remains at 129.67 and as long as Price Action remains above, trend on daily chart is bullish. Having said that, the support still remains at 129.67 and as long as Price Action remains above, trend on daily chart is bullish. At the same time, we can follow the pair on intraday chart too, looking for closer supports that could anticipate the potential Bullish Pattern failure. ANALYSIS ON WEEKLY CHART: (Click & Play on Chart below) Trade with care! Like if my analysis is useful. Cheers!
Long
by TheAnonymousBanker
25
IDBI can give a good run from here.The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023. Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I. The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months in 2024. The bigger Wave III target is projected to be around INR 100 mark providing an upside potential of around 50% from CMP. On the downside, INR 64 can be used as a 'SL'.
NSE:IDBILong
by neeraj_2_sharma
7
Good Setup spotted in Burger King India!"Restaurant Brands Asia Limited" earlier known as "Burger King India" is currently showing a good setup and an upside potential of 45% from CMP. The stock had rallied nearly 60% between March-Sep 2023. This very rise was impulsive in nature and therefore labeled as wave 1 on the chart. Between Sep-Dec the stock went through a triple three correction(WXYXZ) and retraced nearly 50% of the impulse. This retracement was in fact was the wave 2. The stock currently is in Wave 3 structure and could rally towards INR 190 mark. On the downside the swing low of 118.1 becomes a crucial structural support for the stock and could be used as a "SL".
NSE:RBALong
by neeraj_2_sharma
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery. 🔴 TRADING STRATEGY The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes. 🔴 RISK MANAGEMENT Use only the portion of assets willing to lose (1%/2%) Analysis by Anonymous Banker Team Like | Share | Comment
Long
by TheAnonymousBanker
5
$AFRM COMPLETE ELLIOT WAVE ANALYSIS Observing the price action of NASDAQ:AFRM , it is evident that it has been navigating through a corrective wave since its inception. Recently, it has culminated the larger corrective Wave B, under which it has also completed the primary Wave C. The completion of Wave C was marked by the termination of Wave 5. This progression implies that NASDAQ:AFRM is now embarking on the larger Wave C, which is anticipated to descend below the trough of Wave A. Based on my analysis, I project the termination of Wave C near the $4 mark. However, it's important to note that the exact timing and price level remain uncertain while the bearish POI stands firm
NASDAQ:AFRMShort
by thekidtrader11
2
10Y Treasury Bond Is Looking For A Bigger RecoveryTreasury bond - 10Y US Notes came down a lot in the last two years but this cycle can now come to an end as we can see five waves down into 2023 lows ona weekly time frame. In fact, we also see five subwaves completed within wave (5) on a daily chart after prices recovered and break above the trendline resistance. The move is strong, thus we think that more upside can be coming within a three-wave (A)-(B)-(C) rally, where first leg (A) can be still in progress or maybe already completed as an impulse. Support on subwave 4 or wave (B) dips are at 110-111.
CBOT:ZN1!Long
by ew-forecast
$COIN COMPLETE ELLIOT WAVE ANALYSIS Observations indicate that NASDAQ:COIN is currently within the fifth wave of a broader wave C. Notably, yesterday saw a reversal from the 0.5 retracement level, signaling the completion of wave 4 and readiness for the forthcoming wave 5. It is customary for wave 1 and wave 5 to exhibit equality in length, a consequence of the extended wave 3. Anticipating this pattern, I project that wave 5 will reach the 3.618 extension, approximately at $315, thereby concluding both wave 5 and wave C in their entirety.
NASDAQ:COINLong
by thekidtrader11
3
USD/JPY: The Trend is still bullish in mid term....Hi everybody! On weekly Chart the trend is bullish , but although the pair formed a nice impulsive rally, at the moment, I still consider the main trend as a big corrective pattern (ABC Pattern). Even though the price rejected from 149.25 area (wave C), the wave was very steep and I don't rule out its transformation into an impulsive wave (12345). If this happens an ABCDE Pattern ( Flat Correction ) is possible. One aspect that should not be underestimated is the BoJ's changing of the guard. Kazuo Ueda is set to become the next governor of the Bank of Japan, succeeding current central bank chief Governor Haruhiko Kuroda. Both houses of Japan’s parliament now need to approve Ueda’s nomination. Prime Minister Fumio Kishida’s ruling coalition has a majority in both chambers. Parliamentary hearings are likely to take place on Feb. 24, Nikkei reported. Kishida recently emphasized the need for the next central bank governor to have “global communication skills” and be able to coordinate closely with global peers , Reuters reported, citing his comments in parliament... ...Current governor Kuroda was first appointed in March 2013. He has led the central bank’s ultra-dovish monetary policy , including maintaining a negative interest rate since 2016 – even as global peers have been hiking to tackle inflation . His current five-year term will end on April 8. Bank of America Global Research expects gradual policy normalization under the central bank’s new leadership instead of an abrupt change, according to the firm’s economists led by Izumi Devalier. The team said in a report that completely removing the central bank’s yield curve control – a policy of maintaining 10-year Japanese government bond yields within a 50-basis-point range of 0% – won’t happen any time soon. “We continue to think a change in the BoJ’s policy framework (including abandoning YCC and negative interest rates) will be delayed until mid-2024,” the economists said, adding that they expect to see “flexibility” in changing the current policy instead. The economists added that it’s “only a matter of time” before the Bank of Japan tweaks its yield curve control policy, and that they expect to see changes within the first half of 2023. Japan’s government also reportedly announced its nominees for other central bank roles including Shinichi Uchida, currently the central bank’s executive director, and Ryozo Himino, the former chief of Japan’s Financial Services Agency. “The government’s reported deputy governor picks are also well-suited to address the challenge of streamlining and winding down the BoJ’s expansive easing program, in our view,” the BofA economists said in their report ahead of the announcement. On trading side, technically speaking, if the trend is bullish , it should be correct to try to take Long position on any pullback or corrective structure above 132 area. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Long
by TheAnonymousBanker
12
HF Sinclair all set to rise 60% in Wave 3ABOUT COMPANY: HF Sinclair Corporation (HF Sinclair) is a diversified, innovative energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. HF Sinclair also owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington and Wyoming and markets its refined products principally in the Southwest U.S. and Rocky Mountains, extending into the Pacific Northwest and in other neighboring Plains states. In addition, HF Sinclair produces base oils and other specialized lubricants in the U.S., Canada and Netherlands and exports products to more than 80 countries. ABOUT THE CHART: The stock was seen rising in an impulsive 'wave 1' structure from the bottom of May 2023.The impulse ended in Sep 2023 and was followed by a corrective 'wave 2' through Sep-Dec period. Wave 2 retraced 38.2% of wave 1. Between 12th-20th Dec the stock again produced another impulse that can be labeled as wave i of wave 3. The final projected target for wave 3 is expected to the $80-85 which provides a good 60%+ upside potential from CMP. The stock is expected to complete the wave 3 with help of sub-dividing minor waves. On the down $51 can be considered as a crucial support and hence be also used as a "sl".
NYSE:DINOLong
by neeraj_2_sharma
1