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Possible wave counts of chart NVIDIA dip now then upHello Friends, Today we have plotted Elliott wave counts on NVIDIA Corporations chart Technical Analysis Case study, In this study we used Elliott Wave Theory & Structures, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits, We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. 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.
NASDAQ:NVDA
by RK_Chaarts
Correction On Cryptos Can Last A bit Longer. Cryptocurrencies are still in consolidation, and one of the reasons for these pullbacks or slow price action across some coins is the lower volatility caused by the Christmas and New Year holidays. Another key factor contributing to Bitcoin's recent weakness is the sell-off in US stocks at the end of last week. The correlation between Bitcoin and the Nasdaq 100 remains intact, and I believe there’s potential for further weakness in Bitcoin, possibly down to the 90,000 area, especially if stocks continue to consolidate. What about ALTseasons everyone is desperately waiting on? In a risk-off environment, even altcoins are unlikely to produce significant gains. It’s extremely difficult, almost impossible to see an ALTseason when there’s both a risk-off sentiment and a declining Bitcoin. For an altseason to emerge, we need a risk-on environment while bitcoin is consolidating... Grega
CRYPTOCAP:TOTAL
by ew-forecast
SILVER Outlook after the Dip. What to expect NOW?As you can see, the price has repeatedly hit the trendline and then increased. This time, the same situation has occurred, so the trendline can be relied upon. Additionally, a hidden bullish divergence is visible, indicating a potential price increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAGUSDLong
by CobraVanguard
ZEN - Is It Time for a Correction?It appears that ZEN is in the process of forming a potential ABC corrective structure: Wave A and Wave B Context: Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern. Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential. Ideal Short Entry Zone: The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions. For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses. Wave C Target Zone: The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences: Anchored VWAP at $29 Point of Control (POC) from the old trading range Psychological level of $30 Fib speed fan 0.618 aligning with the support zone Trading Plan Short Setup: Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation. Aim for Wave C completion around the $30-$29 support zone Long Setup (Wave C Completion): Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
Short
by SiDec
11
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days. Key Resistance Levels: 0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry. 0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level. Psychological Level: $50 serves as a critical psychological barrier. The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off. Short Setup: Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend. Take-Profit Targets: First TP: $39.68 (Fib 0.618 of the current wave). Second TP: $33.74 (Fib 0.382 of the entire structure). Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
Short
by SiDec
1
(update) ONEUSDT is ready to increase even further!After breaking the ascending Wedge , the price experienced significant growth. As you can see, the price has now dropped to under the the 0.618 Fibonacci line. Market volume indicates that the price may not be able to break above the 0.618 line, which means the price could drop alittle before rising again. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
XAUUSD 23.12.24OANDA:XAUUSD Hello traders, we are currently in our wave (3) heading towards wave (4) within an ABC correction. Our wave B could either directly transition to wave C or form a 1, 2, 3, 4, 5 setup leading to wave C. We have a strong resistance zone at 2620. If we break through this level to the upside, I believe we could see a 1, 2, 3, 4, 5 setup. Otherwise, in the case of an ABC correction, we will most likely drop to around the 2300 level. This is both a Fibonacci zone of our (4) wave and the Fib extension take-profit level of our ABC wave.
OANDA:XAUUSDShort
by ElliotXSolana
2
(Update) !!! Bitcoin Analysis : Bull or Bear ? (READ)BINANCE:BTCUSDT Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
7
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years! In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall. So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :) As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision. I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows. The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle. This should also coincide with a cyclical top across the cryptoverse. What are your thoughts?
NASDAQ:COINLong
by investornomics
3
Deeper Lows Ahead Before Reversal in SILVER ? Elliott WavesThe chart suggests a potential downward trend for Silver to complete wave (C) Blue of wave ((4)) Black and then wave Uptrend ((5)) Black. Elliott Wave Structure: The chart appears to be in a corrective wave structure, likely a Zigzag. The current position seems to be within a corrective wave ((4)) Black in which wave (A) & (B) are completed and now we are unfolding wave (C) Blue of ((4)) Black. Inside wave (C) we had completed wave 1 & 2 and now we are unfolding wave 3 Red in wave (C), post wave 3, we have to unfold wave 4 & 5 Red to finish wave (C) Blue of wave ((4)) Black. Potential Scenarios: Downside: If the downward trend continues, the price may reach Fib extension level where wave (C) equals with wave (A) and some times may goes towards 1.236 Fibonacci extension level. Post completion wave ((4)) Black, we may see Reversal towards new Highs to finish wave ((5)) which generally goes beyond wave ((3)) High. 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:SILVER
by RK_Chaarts
1
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible) Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE). Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend. Possible Wave Counts: Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend. Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend. Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend. Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1). Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis. Key Levels: Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure. 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.
NSE:RELIANCE
by RK_Chaarts
Or do we have to wait for longer?Here we assume that XRP won't go after the ATH just yet. We will have to see if #Bitcoin chills out for a moment and starts either distributing or slightly correcting to $98-100K regions. We can then assume the corrective wave (primary W4) will be deeper or a more complex variant (here presumed an expanded flat). The flat correction would allow for consolidation and a potential RSI reset, possibly forming a bullish divergence to signal a reversal which is typical between waves 3 and 5. A clear break of the lower trendline and failure to hold $1.97 would validate this scenario. The invalidation for this scenario will be taking out the recently set high at $2.9. Given the corrective nature of expanded flats, completion of this structure could extend into early 2025, aligning with broader market uncertainties and potential shifts in macro sentiment.
BITSTAMP:XRPUSDShort
by amourification
2