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Elliott Wave

GOLD (XAUUSD) ANALYSIS FEBRUARY 12-16.Here the the overall market projection on Gold (XAUUSD) for next week. It is a clear analysis and projection of the probable direction of Gold. PRIMARY PROJECTION: Consider buying either strait after reversal from the current price level followed by break and retest of the resistance indicated in four hour timeframe. ALTERNATIVE PROJECTION: Consider buying after price has broken the lower channel of the triangle and retested the dotted support around the level of 2007 in four hour timeframe. In this scenario, price is expected to to have fast movement that may create wick rejection to the downside in daily timeframe. High risk selling can be done when price has broken and retested the lower channel of the triangle. But it is not highly recommended to take sells unless you can manage well your risk.
SAXO:XAUUSDLong
by ASAMForex
Elliott Waves: Natural Gas case study Overview: Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current focus is on the ongoing Wave ((C)) on the Daily timeframe, expected to unfold in five subdivisions: (1), (2), (3), (4), and (5). Within this framework, Wave (1) to (4) are complete, and attention now turns to the unfolding of Wave (5) on the Four-Hourly timeframe. Current Structure: On the Four-Hourly timeframe, Natural Gas is in the process of forming Wave (5), consisting of Wave 1, 2, and the ongoing development of Wave 3. The details of Wave 3 are further observed on the Hourly timeframe as finished wave ((i)) & ((ii)) and now possibly we are unfolding Wave ((iii)) of 3 of (5) of ((C)) of II. Elliott Wave Principles: Corrective Structure: Wave II is corrective, manifesting as a complex correction with three subdivisions, labeled ((A)), ((B)), and ((C)). Impulse Formation: The primary upward movement from June 2020 to August 2022 represents an impulse, characterized by a sequence of five waves. Subdivision Details: Each wave and subdivision unfolds according to Elliott Wave principles, maintaining the structural integrity of the overall pattern. Learning Points: Analyzing Market Cycles: Elliott Wave Analysis serves as a valuable tool for understanding the cyclical nature of markets, providing insights into the psychology of both buyers and sellers. Trend Anticipation: Corrective waves within the Elliott Wave framework offer a strategic opportunity to foresee potential trends—whether they signify a resumption or reversal of the existing trend. Elliott Wave Analysis is a tool to decipher market cycles, offering insights into the psychological dynamics of buyers and sellers. Corrective waves provide an opportunity to anticipate trend resumption or reversal. The principle of non-overlapping waves helps identify the structure of the market move. Validation and Risk Management: The integrity of this Elliott Wave structure is contingent on Wave II not surpassing the low of Wave I, identified at $1.440. A breach of this level would invalidate the current wave count. 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.
NYMEX:NG1!Education
by RK_Chaarts
20
Wave-by-Wave Adventure, US Dollar UnpluggedDecoding the US Dollar Index: Navigating Wave (V) with Thrills Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart. Weekly Chart Adventure: Wave (I), (II), (III), and (IV): Conquered. Wave (V): The adventure is just beginning. Daily Chart Expedition: Inside the thrilling wave (V), wave I, II, and III have been epic conquests. Currently navigating the challenging wave IV, a terrain of correction. 4-Hourly Chart Odyssey: Within the tumultuous wave IV, ((A)), ((B)), and the unfolding ((C)). Inside ((C)), embarking on subdivisions: ((a)), ((b)), and the imminent thrill of ((c)). Thrilling Wave Principles: Witness a double correction, an unexpected twist in the daily chart's narrative. The ongoing correction within wave IV on the 4-hourly chart involves a complex W-X-Y pattern, adding an unexpected thrill. According to the pulse-pounding Elliott Wave Theory, wave (2) should not retrace more than 100% of wave (1). Current Pulse: ((a)) of ((C)) is reaching its climax, with the suspenseful unfolding of ((b)) and the highly anticipated ((c)) yet to grip our attention. Critical Invalidation Level: 107.335 (A point of no return, a daring move beyond 100% retracement of wave (1) inside ((C))). Please Note: This analysis is not just a journey; it's a heart-racing adventure crafted for EDUCATIONAL PURPOSES ONLY. Get ready for more twists and turns as we navigate the thrilling waves ahead...!! 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.
TVC:DXY
by RK_Chaarts
2
Nifty Analysis for Tomorrow |6 FEB 2024 | ELLIOTT BABANifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA Nifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA This prediction is for the Nifty Index and it's based on a technical analysis of the market. I'll also be providing an option trading setup for beginners so that you can start trading options today! If you're looking to invest in stocks or options, then this is the video for you!
NSE:NIFTY
by Elliottbaba
EXPANDED FLAT PATTERN : Elliott Wave theory ( Elliott BABA)A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB
OANDA:XAUUSD
by Elliottbaba