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Elliott Wave

Rising from the Ashes: CUMMINS INDIA's Grand Wave 5 Launch?After a soul-sucking 11-month correction that chewed through every classic pattern — flats, triangles, zigzags, combos — CUMMINS INDIA may finally be ready for lift-off. A WXYXZ correction has reached its climax in a clear Wave 4 low near ₹2580, completing the complex structure inside a descending channel. But the game changed when price: Broke the 200 SMA Blasted through the channel Punched RSI above 70 for the first time since May 2024 And did it with volume breakout Now, all eyes are on Wave 5 — projected to aim for: 1.0 extension: ₹3569 1.618 extension: ₹3812 Can we reach a new ATH above ₹4171? It’s possible — if this unfolds through nested 1-2-3s, we may be witnessing the start of a larger degree rally. Invalidation : Below ₹2706. If it breaks, the count may need a rework . For now? Wait until it retraces to launchpad.? Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CUMMINSINDLong
by WaveXplorer
BSE Ltd – Completion of a 5-Wave ImpulseBSE Ltd appears to have completed a five-wave impulsive advance following a prior flat correction. Wave 5 has reached the 1.618 Fibonacci extension of Wave 1 and touched the upper boundary of a well-defined ascending channel — suggesting a potential short-term top. If a correction unfolds from here, it may take the form of a zigzag or a flat. Key Fibonacci retracement levels to watch: Target 1: 2,159 – 0.382 retracement Target 2: 1,981 – 0.5 retracement Target 3: 1,803 – 0.618 retracement The invalidation level for this setup is around 2,736.20 . A sustained move above this would indicate that the uptrend may still be in progress. Price action in the coming sessions will be key to confirming the next direction. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BSEShort
by WaveXplorer
GOLD → Correction after distribution. Bullish trendFX:XAUUSD is testing the liquidity zone at 3350 and forming a false breakout of resistance within the uptrend. A correction is possible before growth continues. The fundamental background is quite controversial in the market. In the current situation, the focus is on relations between Russia and Ukraine, especially after the escalation that took place over the weekend. Everyone is watching the ongoing negotiations in Turkey. In addition, we should not forget about the situation with tariffs, which is still quite tense. Gold has been rallying since the opening of the session and has reached the order block. A false breakout of resistance is forming, which could trigger a correction to the zone of interest. The dollar is hitting support, which could form a local correction before continuing its movement. This could also affect the price of gold, which remains bullish in the market. Resistance levels: 3350, 3365, 3409 Support levels: 3303, 3264 The price has broken out of consolidation, with resistance tested and liquidity above 3350 realized. Relative to the current level, a correction is possible with the aim of retesting support before continuing to rise. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
NIFTY50.....Buy signal!Hello Traders, the NIFTY50 declined this morning roughly 210 points to 24526! This was today's low! After, a upmove started and created a buy-signal! Chart analisys! This buy-signal will be eliminated below the Monday's low @ 24526! You can enter the trade, if the upmove getting exhausted and retrace a 0.618 Fibo of the advance or you jump directly into the marked! Price targets will be submitted later! It becomes essential to handle the stop-loss level consequently @ 24526 points! Just one tick below and the trade must be stop! If the bulls want to ride this buy signal we can expect a wave c=a! I will update the count in the coming 1-2 days! Thank you for your understanding! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
5
Crypto Market Slows Down For A Correction Within UptrendCrypto market nicely slowed down as expected and Crypto TOTAL market cap chart can now be finishing a projected wave 4 correction right at the former wave "iv" swing low and channel support line, which is ideal textbook technical picture that can now send the Crypto market higher for wave 5, especially if bounces back above 3.3T area and channel resistance line. However, even if it's going to face deeper and more complex correction within higher degre wave (2) down to 3.0T - 2.8T area, sooner or later we can expect a bullish continuation, as Crypto TOTAL market cap chart is not at the all-time highs yet.
CRYPTOCAP:TOTALLong
by ew-forecast
Link Correction complete? CRYPTOCAP:LINK Correction Nearing Completion? Key Levels to Watch Recap CRYPTOCAP:LINK continues to retrace and lose levels. Price action looks a bit incomplete on the Elliott wave side, but technicals suggest the retracement may be nearing its end. The Setup The cleanest scenario would see price make one more leg down into the 12.42 area. That level offers symmetry and structural balance for a completed correction. If instead price breaks above 15.008, it opens the door for the correction to be considered complete. Still, confirmation would require a strong reaction from that move—not just a quick wick. The Outlook A defense of 12.42 would keep the bullish scenario alive. A break below that level, however, would weaken the outlook and raise the probability of an extended correction or trend continuation lower. Namely an impulsive move down. Right now, we have a potential correction, we need the PA to provide proof of what we have. Wave 4s and 5s at matching degrees as what has printed are need to prove an impulse and an invalidation will prove otherwise. For now, the focus remains on reactions at these two levels. Watch closely— CRYPTOCAP:LINK could be setting up its next directional move.
COINBASE:LINKUSDLong
by CryptoKnee
2
EURUSD → False breakout of resistance. Correction?FX:EURUSD is strengthening amid a decline in the dollar, but the currency pair is encountering strong resistance and forming a false breakout, which could trigger a correction. EURUSD is testing the resistance range as part of a distribution and forming a false breakout. The market structure is bullish, with the price breaking through local resistance and updating its high. The inability to continue growth and price consolidation below 1.1418 may trigger a correction. The dollar is also hitting support and may form a small correction, which will put pressure on EURUSD Resistance levels: 1.14246, 1.1418 Support levels: 1.1384, 1.1343 If the currency pair fails to consolidate above 1.14246 during the resistance retest in order to continue its growth, then we can expect price consolidation below this level to open a short position. The correction may reach the specified support zones before continuing its growth. Best regards, R. Linda!
Short
by RLinda
6
Quasimodo Pattern + Validator Support = Bullish Signal for ETHToday I want to analyze Ethereum ( BINANCE:ETHUSDT ) for you, many tokens are on the Ethereum network , and the increase or decrease of Ethereum directly affects most tokens. So please stay with me. Ethereum is trading in a Heavy Resistance zone($2,929_$2,652) near the Resistance lines and 200_SMA(Daily) . It is worth noting that Ethereum is preparing itself for a third attack on 200_SMA(Daily). In terms of Price Action Analysis , Ethereum could start to rise with the help of the Bullish Quasimodo Pattern and break out of 200_SMA(Daily) and Resistance lines . In terms of Elliott Wave theory , Ethereum appears to have completed a main wave 4 near Important Support lines . The structure of the main wave 4 is a Double Three Correction(WXY) . By breaking the 200_SMA(Daily) and Resistance lines , we can confirm the end of the main wave 4 . The ETHBTC ( BINANCE:ETHBTC ) chart conditions are bullish , so it seems like investing in Ethereum could be better than Bitcoin . At least if the market falls , Ethereum is likely to be less likely to suffer a decline . Note : Over 150,000 Ethereum validators, representing approximately 15% of the network, signaled support for increasing the gas limit from 36 million to 60 million units. This proposed change aims to enhance network capacity, reduce transaction fees, and improve scalability. While this development could positively impact ETH's price by making the network more efficient, it's essential to monitor potential technical risks and ensure that decentralization is maintained. Note: If Ethereum touches $2,547 , we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Ethereum Analyze (ETHUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
28
Gold Finds Support in PRZ – $3,337 in Sight? As I expected in my previous idea , Gold ( OANDA:XAUUSD ) moved towards the Support zone($3,280-$3,245) after breaking the lower line of the ascending channel. Gold is moving near the Support zone($3,280-$3,245) , Potential Reversal Zone(PRZ) and Monthly Pivot Point . In terms of Elliott Wave theory , Gold appears to be completing a main wave 4 . The structure of the main wave 4 can be complex . Confirmation of the end of the main wave 4 requires a break of the Resistance lines and Resistance zone($3,387-$3,357) . I expect Gold to move up after entering the Potential Reversal Zone(PRZ) and the first target could be $3,314 and the second target could be $3,337 . If the momentum is high for Gold, you can consider higher targets for Gold to increase . Note: If Gold touches $3,245 , we should expect further declines. Gold Analyze ( XAUUSD ), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1