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Elliottwaveretracement

LTIM: Elliott Wave ViewHey Guys ! Hope you all doing well, I really was busy in last 1 month and could not upload my views on the stocks. Today seen the chart of LTIM (Larson and Toubro Infotech: Mindtree). It had finished its 5 wave rally near 7588.80 on Jan 04.2022. Being in correction for the entire 2022, now it seems, it has completed its correction near 3733.30 on May 26.2022 (more than 50% from the all time high). Keeping that low as a reversal point I found a diagonal structure formed from May 26 2022 to Nov 15 2022, I have counted them as a five wave structure. To me it looks, it already have corrected about 61.8% of the move from May 26 2022 to Nov 15 2022. In a diagonal structure we assume that a correction of nearly 61.8% to 78.6 % is a healthy correction. So guys we can further see 4081.50 level if it correct 78.6% but in my view it seems it has given the signal of reversal. My invalidation point will be 3733.30 that is the low of 26 May 2022. This analysis is only for educational purpose any losses will be sole responsibility of the traders/investors. Thank you for watching this chart. if you liked the analysis please hit boost button. Regards
NSE:LTIMLong
by imkhushal
4
Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
Education
by CryptoKnee
OFSS counter trend rally OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame. Price is in upper part of Bollinger band in daily Macd in daily positive crossover and Uptick Macd in weekly positive crossover and Uptick Rsi in daily above 60 uptick Dmi adx also positive in daily time frame Most traders 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....! Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing I am not responsible for any any kind of profit or loss
NSE:OFSSLong
by RK_Chaarts
Apple W X Y Correction Apple seems to be in a complex W X Y correction at the moment based on the Elliott waves. We saw the current top of Apple stock on Dec 13, 2021 at $181. Since then, we have been in a correction that has reached almost -30% at its lowest point. But is that it for Apple or does it go even further south? The top so far was the end of wave (3) in the Intermidiate Cycle. We are probably not at the end of a wave 1, as the correction has been rather sideways, so the market emotion seems to be mostly still positive at Apple. Theoretically, wave (4) could have already found its low at $129 and we have been in an upward movement again since then. However, since Apple shows some weaknesses again at the end of this movement and the bears still have a strong presence in the market, the approach of another low is quite likely. If we are really in a W X Y correction, it is quite possible and likely that the extension of 1.618 or 1.786 is approached. For Apple, this would be a trend reversal area between $126.57 and $121.07. However, if the low above the 129$ holds, we are now already in the 3 of the wave (v) of the III and prices of over 211$ are possible in the medium term. How can I tell which path will occur? If Apple sustainably exceeds $157.76, a bullish move is quite likely. We will have a final confirmation at the resistance of 176.20$. In the long term, values of 275$ are quite possible before the next major correction. So a price range of almost 60% starting from the current price. Long term view:
NASDAQ:AAPL
by DavidJankowski
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed). In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars. Which scenario do you agree with?
by aligheysari73
6
Silver market catches airSilver is performing magnificently, exactly in the momentum moves envisioned by the Elliott waves. At the moment, we are in the wave (iv) of the . The wave (iii) we have completed at the high of $ 21.3 A slope of almost 19% in less than a week. Where else is there something like that? We reach the end of wave at least at the 1.618 extension at 22.135$, but also the 200% extension at 23.12$ can be reached easily. Often the fifth waves reach the 1 extension of the wave, which is approximately at 22.8$. So, an overshooting wave can be expected according to the current structure. Good for all who are invested in silver. The (iv) should bottom at the 0.382 retracement at $20.020 and then extend the last impulse wave before we correct again in the .
COMEX:SI1!Long
by DavidJankowski
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
Elliott Wave Theory & BTC Decline/Bottom...??Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom. 80%-85% drawdown from ATH on every bear market = $13175 Re-test last Bull Run highest Monthly close = $14000 Then there is the Elliott Wave Theory... 5 waves, with 3 larger down and 2 up like in the chart. Text Book Wave Theory states 1 and 5 are same percentage drawdown. This chart is -50%.... and 2 and 4 should be same percent bounce up. We have that confirmed at +43% & +45% Wave 3 down should be the biggest percent down...confirmed at -60% Zoom out to the 2Wk or the Monthly chart and you can easily see the wave counts and the similarities in the waves. Also play with the Chart Above to read stats Another way to estimate Elliot wave #5 down is to use a Fib Retracement from the previous low of #3 to the High of #4 extensions should be downward. The traditional wave #5 falls to the range between the 1.272 and the 1.414 ...Highlighted in the chart Now combine all the stats abd the 5 Day BBWP turning up and Stochastic turning down ...BTC should go lower Wave #5 should also have 3 inner waves, down first...Today's draw, possibly a bit more, then a bonce up and then further down to the area... where ALL HIGHLIGHTS CROSS ON CHART between $14600 & $15600 also be prepared for the 1.618 to be a wick at the 85% in the 13K bracket where the monthly closing high of the 2018 bull run hit Look at world markets and the DIXY too and OIL costs, the FED all that BullShit...they want all markets lower and more people unemployed and spending less money(ramble) We'll see how this pans out and revisit in a few weeks
BITSTAMP:BTCUSDShort
by Chefrusty
GOLD - Long-term buy opportunity (end of ABC in primary degree) Hello traders, today we will provide a long-term trading idea. It is that long-term that you could use it as an investing idea and buy gold (the asset, not the derivative) and hold it. The chart shows you the corrective pattern that started in July 2020 is in the last stages and it can be ending soon. The price is now in wave 5 in the intermediate degree (blue), which will end the whole corrective structure ABC in the primary degree (green) and after that, we expect the motive bullish wave 5 in the cycle degree (orange) will start. We will be monitoring this asset when the targeted price for this correction to end is reached (1672 is the level). From this point, we expect that the gold will end the corrective cycle at any time and will start a rally. The zone where this turn would happen is from 1671 to 1373. It is a huge zone, this is due we are dealing with a daily time frame structure and even though the size of the zone is large, it is also the potential target. We cannot define precisely the target yet but it would be above the 2200 level. We do have a trading system that reduces a lot the size of the zone (not the target, therefore, the R:R ratio increases a lot). If you have a trading system (supply and demand zones, volume profile, set of rules of indicator…) you can apply it when the price is inside this green zone and the chances the trade will succeed will increase a lot. Important note: it is a daily zone, use the signals that trigger the trade according to it (a 5 minutes signal probably will not be strong enough to turn a daily structure) Reasons why we believe it is going to work: 1- The Corrective structure is clear and the chances that this ABC structure becomes an impulse and stops us out are, at this moment, low. We will monitor it in any case and update you. 2- The USD cycle- The USD is approaching the end of a cycle where it has been dominated by USD strength. When this cycle ends, a cycle where the USD is going to be weaker will start and this will help all the commodities priced in USD, and of course, gold is one of them, to have a bullish cycle that could be pretty powerful. This trade is long-term, so we should not expect a rally in gold in the following days, it can take a few weeks for the gold to end the corrective structure and also for the dollar to end the bullish cycle. 3- The FIAT currencies situation. Central banks have been continuously printing money which has devaluated, at least in common people’s perception, the value of the currencies. This can push investors and common people to buy gold to try to keep their savings protected from a potential hyperinflation of the currency of their savings. 4- Gold is not infinite– The quantity of supply of gold is not infinite and it is difficult to be massively manipulated. Therefore, gold will always have value and these supply constraints will make the gold more difficult to have a significant collapse in the price. In addition, gold has the perception of a value preservation asset. So, in case of an economic crisis (which is predicted in some parts of the world), it can increase the demand for gold. Always keep in mind that risk management is, at least, as important as the entry-level or the SL. Remember the quote “If you do not manage the risk, you will not have any risk to manage” The market is always repeating the same type of defined structures. There are only two main wave types: the motive wave and when the motive wave ends it starts a corrective wave. Within them, there are only 3 motive waves structures (Impulse, leading diagonal, and ending diagonal) and 5 main types of corrective structures (ABC, WXY, Flats, triangle, WXYXZ (triple correction)) Learning them and being able to spot them in the price action graphs will completely change the way you trade as these structures will provide entry point areas, invalidation levels, and targets for the trade. Have a safe and profitable trading day Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it is only the explanation of what we are going to do and it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by TradingtheRightSide
ETHEREUM Has Turned Into A WXY and this is what it means... Welcome to NewWave Traders Here you will find that I use Elliott Wave as my main pattern identification system, however I pair it up with 3 other components to create the NewWave System that allows me to navigate the market the same way, thus providing consistency in my trading results, confidence in my execution and makes trading much more enjoyable and reliable. Follow my trade ideas and I'll be keeping them updated weekly every Monday for #BTC and #ETH and Every Friday for #Altcoins. Today's chart is on Ethereum. It was climbing impulsively, but the last leg it printed with a hard rejected made a 7 swing pattern shifting it to a wxy as the top no longer qualifies for being an expanded B wave. The rejection was hard enough to be seen as impulsive, which places high probability on it being the first wave of a larger pattern. As such, I'm looking for a larger B wave rally to show bullish strength as we can then consolidate sideways with higher probability vs. A shallow rally that gets rejected under the .618 fib retracement and the red supply block which then places more weight on the impulse down printing. As of this analysis I think the green ABC will be the one to play out, but the inflection point between the 2 counts is still a bit away and we'll know more on the retracement in the short term. See my signature below on how to connect with us further to help you with your trading.
by NewWave_Traders
1
BTC more dump then to the moon 90k...BTC in big impulsive waves to the up side it start before covid drop and after covid we pushed up in big wave 3 and it finished now we in wave 4 correction and it took the shappe off expanded flat correction the expanded flat made from 3-3-5 we finishd the first 3 wave from 65k to 30k then we finished the next 3 waves from 30k to 69k and now we in 5 waves down i expect more down side then we will see btc make a new all time hihg , ( we don't want btc to break the 13900 or this will change the plan ) ======================================================== things are bullish for me , RSI MACD Else USD will have one more push up then it will crash again ,
BITSTAMP:BTCUSDLong
by moad-legend
1