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Elliotwaveanalysis

ETH/USD: Liquidations Causing Drop To $2140 Cryptos are coming sharply lower, after the classical psychological pattern here. There were plenty of traders buying cryptos after ETF launch; and then there is another group that did not book on that big run ahead of the ETF announcement. All of those are now liquidating, making a decline strong and sharp. Looking at the ethereum, price is now now at 2140/70 area, but looks like impulse is in progress so more weakness is liekly coming after rallies. If that's really the case then wave four shoudl stay below $2413
BINANCE:ETHUSD
by ew-forecast
New Highs should make things clearer, but not Easier!It's been a while since I updated followers on the SP/ES. I recently moved my daughter to Spain after graduating from college...so my wife and I are really just getting used to an empty house. Nonetheless, let's get into it. First and foremost, the primary circle B wave will be taken off the chart, and that clears things up for us. Why does it clear things up? New Highs leaves up with no current down side set ups...so essentially we should get continuation higher in a completion of our Ending Diagonal. I want address a question several followers had previously asked and in doing so, should aid me in my communicating my forecast. Question: Why isn't this pattern off the October 2022 lows a leading diagonal in wave 1, versus wave 5 like you're counting it? Because this pattern overlapped as indicated on the chart it cannot be counted as an impulsive pattern. Sure price has moved higher and we're now at new all time highs. I am counting it as a motive wave, but as an Ending Diagonal. The argument seems academic at this point because price has retraced all the declines from January 2022. I continue to think there is merit in classifying the pattern correctly...but only the decline will prove me right or wrong. Additionally, some have argued with me for a year or more, that this move off the October 2022 could be a leading diagonal. I have shared my views on leading diagonals quite extensively. Many may disagree. I don't believe leading diagonals are a pattern. I will spare you the context again...but if you are interested, I suggest researching LD's. You'll find that the Elliott Wave community at large is wishy-washy on the subject. Nonetheless, if my analysis is correct and we are completing an ending diagonal, or about to, the price reversal will be swift. As of today, I am torn with this being the a-wave of a 3 wave 5 of V of (III) or all of 5. With so many of the key stocks I track that make up a large percentage of the index in their respective wave 5's. I think we'll find out soon enough.
SP:SPX
by maikisch
1
$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
FTT UPDATE 18jan24well hi there my greedy friendz! just quick update and idea in general, I watched the cartoon Gintama (I love anime, yeah) and glanced at the FTT chart and, as in Japanese animation, saw an interesting twist: FIRSTLY, adhering to the old plan, we are in the Wave B of ABC correction and its a Mr.T, az I can see at MACD and RSI indicatosz behavior. Now Mr.T. is being formed with an exit upwards, after which we will go down to buy zone (preferably) SECONDLY as a backup plan, the correction could have already been completed and we are growing upwards through the Zigzags of the Leadin' diagonal (no matter ZZ or DZZ) - and its BAAAD COZ I WAS THE GREEDIEST PERSON I ADMIT AAAGGGHHH - my entry iz about 3.5 damn it!!! breathing heavily THERE IZ A THIRD OPTION actually - look clearly and boost if u find it so, well, as Elliot bequeathed, don't wishful thinking, analyze the structure- that's what I'm going to do. Orange color - ALT count. Ideaz are clear, will see what will be next, untill then TAP DA BUTTON if u UNDERSTAND what I mean or spare some coin in signature if u don't :) - I will eat at least
Long
by zikkuratt
17
IOT: Next true market leader? Company possess good internal qualities to qualify for TML (true market leader) characteristics and to be among performing stocks in new bull market (if we see one in coming year(s)). Among these qualities are: 1. Increasing triple digit earnings growth last two quarters in a row; 2. Consistent double digit sales growth 4 qrt in a row; 3. Analyst covering the coming are expecting it to become profitable from 2024, thus good rising eps targets; 4. Number of institutional sponsorship is increasing 4 qrt in a row; 5. Management owns 5% of the company; 6. Company is in top group and sector (IBD ranking). Chart is also showing signs of institutional accumulation is under the hood with strong weekly closes on volume pick up. Structurally speaking, we may see first impulsive wave structure - waves (1)-(5) - with double bottom corrective structure - wave (2) - are in place. In this structure holds true, price needs to stay above local Jan low and move confidently to next mid-term resistance zone of 41-48. Clearing 48 border will open the door for the path of least resistance towards next macro targets: 78-108, 130-176 and 213-290 areas. Wishing you profitable 2024 and thank you for your attention!
NYSE:IOTLong
by artemfedorov
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
S&P: Scenario 2: the Running FlatThis push higher off the Oct'23 low lacked a micro i up, ii down at the start and therefore I think that most likely its a false start of the accelerated part of the subwave ( c ) of wave ( iii ) up. Then we should be dealing with the subwave -b- up to be followed by a subwave -c- down (unfolding very bullish the Running Flat corrective a-b-c down structure) I prefer this scenario more than the straightforward very bullish direct path leading to the Red Target box.
CBOE:SPXShort
by CastAwayTrader
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
DIXON TECH Wave AnalysisIntroduction : Dixon Technologies, a notable player in the stock market, has recently exhibited signs of a bearish trend, breaching its bullish trendline and closing below it. A comprehensive analysis, based on wave counts, suggests the completion of internal degree 5 waves, raising concerns about the potential impact of Q3 results. While the stock is generally considered a promising investment, current circumstances warrant a cautious approach. Technical Analysis: Breach of Bullish Trendline: Dixon Technologies has recently breached its bullish trendline, indicating a shift in market sentiment. Technical traders often interpret such breaches as potential signals of a change in trend direction. Wave Count Analysis: The wave count analysis reveals the completion of internal degree 5 waves. This information is crucial in understanding the stock's current position within the market cycle and anticipating future movements. Intermediate Degree Waves (1) and (2): Intermediate degree wave (1) concluded at 6236.50 in October 2021. Intermediate degree wave (2) completed at 2551.4 in January 2023. Current Status - Intermediate Degree Wave (3): The stock is currently in the midst of intermediate degree wave (3). Wave 1 of intermediate degree wave (3) has been accomplished. Q3 Concerns: The anticipation of potential bad news in the Q3 results adds a layer of uncertainty to Dixon Technologies' current standing. This concern, coupled with the completion of internal degree 5 waves, may contribute to increased market volatility in the short term. Investment Implications: While Dixon Technologies is generally considered a solid investment, the current technical indicators and potential negative Q3 developments suggest a need for caution. Investors should closely monitor the situation and consider adjusting their positions based on the evolving market conditions. Disclaimer: This research is based on technical analysis and prices available on @tradingview. It is important to note that I am not a SEBI registered analyst. The content provided should not be construed as financial advice, and individuals are encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions. The author does not take any responsibility for the accuracy or completeness of the information provided, and trading decisions based on this research are at the sole discretion of the individual investor.
NSE:DIXONShort
by imkhushal
US 10Y : "FED vs MARKETS" (...who will win?)Hello Traders! The FED's monetary policy is not convincing the markets, but Powell seems very determined to meet his inflation targets. In near term, market seems to want to counter this hawkish monetary policy, but that could change going forward. In short term, yields remain at high levels and I don't exclude that this rally could continue for the last bullish impulse with wave 5 formation. Does this bullish pattern meet economic fundamentals over the medium term? ...What is your opinion? -------------------------------------------------- -------------------------------------------------- ...trade with care! 👍 If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖 Cheers!
TVC:US10YLong
by TheAnonymousBanker
23