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Elliotwaveanalysis

Rule Of Alternation : Elliott Wave Theory RULE OF ALTERNATION: 1- Price 2- Time 3 - Severity 4-Intricacy Alternation 5- Construction Alternation Time Alternation : If wave 2 Take less time in formation then wave 4 will take more time as compared to Wave 2 and VICA-VERSA Severity Alternation ): If wave 2 will dipper then wave 4 will shallow and VICA VERSA Intricacy Alternation : If wave 3 is devided into 5 subwave then wave 1 may be of single move . VICA:VERSA Construction Alternation : If wave 2 will be Flat correction then wave 4 must be Zigzag or triangle
NSE:NIFTY
by Elliottbaba
MSFT reacts to gravity, but is it short lived?We are finally getting an alternating wave iv (black) that should provide some consolidation before making it's final high in what I'm counting as a long term major top. There is a smaller chance this top is a local top in purple wave 3 with a deeper consolidation to come followed by another push higher...but I must add that at this juncture, to realize a push above $416 will constitute the minimum waves in place for completion. If you're long Microsoft, it makes sense to raise cash on any further strength. Best to all, Chris
NASDAQ:MSFT
by maikisch
Triangle Pattern Correction : Elliott Wave A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not. Types of Triangles There are three varieties of triangles: contracting, barrier and expanding, as illustrated in Figure 1. Elliott contended that the horizontal line of a barrier triangle could occur on either side of the triangle, but such is not the case; it always occurs on the side that the next wave will exceed. Elliott’s terms, “ascending” and “descending,” are nevertheless useful shorthand in communicating whether the barrier triangle occurs in a bull or bear market, respectively. Figure 1 depicts contracting and barrier triangles as taking place entirely within the area of preceding price action, which may be termed a regular triangle. Yet, it is extremely common for wave B of a contracting triangle to exceed the start of wave A in what may be termed a running triangle, as shown in Figure 2. Despite their sideways appearance, all triangles, including running triangles, effect a net retracement of the preceding wave at wave E’s end.
NSE:KECL
by Elliottbaba
Relaxo Industries | Elliott Wave Counts #Elliott #Wave #Analysis of #Relaxo Industries Ltd.: I hope this message finds you well. I would like to share with you a technical analysis of Relaxo Industries, shedding light on recent market movements and potential future trends. Please note that I am not a SEBI registered analyst, and it is advisable to consult with a certified financial professional for any investment decisions. Analysis of Relaxo Industries: Relaxo Industries reached its all-time high (ATH) at Rs. 1440.45 in November 2021, completing its minor degree wave 1. Subsequently, the price has been retracing for its wave 2 correction, finding support near the 50% retracement zone. This retracement appears to be a valid move for wave 2, and current counts suggest that wave 2 has completed. Furthermore, the analysis indicates that we have concluded wave (i) of minute degree and are presently in wave 2 of minute degree within the minor degree wave 3. This suggests a potential continuation of the bullish trend. It is essential to monitor the price action closely, as this analysis will be invalidated if the price drops below the Rs. 750 level. Caution and diligence are always paramount in the dynamic landscape of the stock market. Please remember that this analysis is based on technical indicators and patterns, and there are inherent risks associated with trading and investing. The future performance of Relaxo Industries may vary, and it's crucial to stay informed and seek advice from qualified financial professionals.
NSE:RELAXO
by imkhushal
Ending diagonals : Elliott Wave Anlysis Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started. A real-life example of an ending diagonal with all its features is given on the chart of AUD/USD below.
FOREXCOM:US30
by Elliottbaba
Leading Diagonal : Elliott wave Analyisis (Elliott Baba)Leading Diagonal : Elliott wave Analyisis This pattern subdivides into 5 waves. Wave 2 never ends beyond the starting point of wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a triangle or a triple three structure. Waves 1, 3 and 5 can be formed like impulses or zigzags.
NSE:INDUSINDBKEducation
by Elliottbaba
40% up-leg incoming in Harley-Davidson!Harley-Davidson is just starting to take off in wave III. The initial "wave I'' was witnesses in the stock through the period between late Oct-late Dec. Wave II was a mere 38.2% retracement of the impulse(a sign of strength) and now the corrective pattern of the wave II seems to have completed all legs. Wave III projected target zone comes to approx. $45-50. With the kind of current risk-reward potential that the stock is offering at CMP, looks like a good pick in the up-trending Automobile sector.
NYSE:HOGLong
by neeraj_2_sharma
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat
NSE:MGL
by Elliottbaba
TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA) A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat
NSE:COROMANDEL
by Elliottbaba
Regular Flat : Elliott Wave Correction Regular Flat : Elliott Wave Correction Identified By student which shows the complete formation of Elliott wave flat correction which is following basic the rule of subdivision of wave as 335 . Although Find the basic rule for flat correction for your prectice : REGULAR FLAT : 1- A Corrective 3 waves move labelled as ABC 2- Subdivision of wave A and B is in 3 waves 3- Subdivision of wave C is in 5 waves impulse / diagonal 4- Wave B Terminates about the beginning of Wave A 5- Wave C Can Terminate Till End Point of Wave A 6- Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
NSE:INDRAMEDCO
by Elliottbaba
BITCOIN on its journey towards $100K.The crypto after having witnessed a 77% crash between Nov.2021 and Nov 2022.,started on its recovery path. The structure i can best label the crypto would be a 1-2-i-ii at this moment from the 2022 bottom(a pessimist analyst will label it as ABC) . From here on the journey according me is only towards new highs. Wave iii of 3 comes at roughly the previous ATH and after surpassing it the journey should still continue towards 100K mark(approx.)
BITSTAMP:BTCUSDLong
by neeraj_2_sharma
TAIWAN moves into wave iii of 3 and opens up to more upside!The TAIWAN market index(TWSE) is spotted moving up in wave iii of wave 3 structure. The last impulse in the index(wave i of wave 3) was seen during the months of Nov-dec and then came a subsequent correction of the same that retraced 38.2% of the rise. Now that the corrective wave ii is done, the index has started the rise again in wave iii. Wave iii of 3 can be projected moving towards the 19-19.1K zone. Wave 3 itself however, could be projected going much higher into the 20.2K-20.5K zone.
TWSE:IX0001Long
by neeraj_2_sharma
$W ELLIOT WAVE ANALYSIS This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and its sub wave B seem to have concluded, leaving only sub wave C and wave 5 remaining for completion. I anticipate wave 5 reaching approximately the 0.764 extension before undergoing a corrective phase in line with wave 3.
NYSE:WLong
by thekidtrader11
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