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Kinnari_prajapati

NIFTY - Elliott Wave Outlook Timeframe: Weekly NSE NIFTY began an impulsive move after hitting a low of 15183.4 . Based on the wave count, the price completed wave (5) of wave (3) at 26277.3 and has since started to decline. The price is currently in a wave (4) correction phase. Let’s switch to the daily timeframe for a closer look at the details. Timeframe: Daily On the daily chart with a neckline at 24,750 , we’re observing a bearish head-and-shoulders pattern forming. If the price breaks below this neckline, Nifty could drop significantly, potentially reaching the demand zone or surge point of the pattern. However, if the price fails to break this neckline, it indicates weakness in the bearish momentum, signaling a possible reversal According to the Elliott Wave Principle, if wave 5 is an extended wave, the correction often occurs near sub-wave 2 of the previous impulse, especially if it falls below sub-wave 4. So, 24,570 will be a crucial level for Nifty. We can expect the price to move up by no more than 126% of wave A within the correction. Otherwise, there’s a risk of mistaking wave B for wave 3. Whatever scenario Nifty chooses, it’s better to let Nifty commit to a clear direction before we commit to the market. We will update further information soon.
NSE:NIFTY
by Trade-Technique
4
XAUUSD: Final Wave Completion – What’s Next?XAUUSD has formed a corrective pattern on the hourly chart, offering a potential breakout setup. The correction has spanned over two weeks, during which the price has frequently crossed the EMAs (50/100/200 ) on the hourly timeframe. Meanwhile, the 20 EMA has consistently acted as solid support on the daily timeframe. The pair has completed its final wave 5 of wave (C) at 2604 and has since started to rise sharply. Currently, XAUUSD faces a strong resistance level at 2670 , which marks the high of wave (B). If the price breaks above 2670 , traders can target the following levels: 2685 - 2715 - 2735 +. If the breakout fails, the correction may continue, as 2670 is the key hurdle for the bulls to overcome. Further updates will follow soon.
OANDA:XAUUSD
by Trade-Technique
1
The GOLD Weekly - Alterate Bearish Bat Pattern.This Alternate Bearish Bat in the GOLD(XAUUSD) shown chart exemplifies the structure of the pattern. The 0.382 retracement at the midpoint (B) was the indication of an extended 1.13 XA projection as the defining harmonic resistance level 2075 of high. The extreme BC projection effectively complemented the 1.13 XA extension to define the precise area for the pattern completion and eventual reversal. Both extensions defined the 2050 area as an excellent short-term selling opportunity. The requirement for Alternate Bat Pattern : The "B" point should be 0.382/0.5/0.618 The 1.13XA retracement Minimum 2.0BC projection at least 1.618 AB=CD For target, I used 3 steps profit booking strategy. Let me explain to you here first and secure profit at 32.8%(1730 nearby) retracement partial holding position and next is 61.8% at 1515 nearby. Good Luck. Regards, Kinnari Prajapati
OANDA:XAUUSDShort
by Trade-Technique
19
Elliott wave Principle : Triangles There are 3 Types of Triangle, Triangle forms in Corrective waves, Triangle occurs in wave 2, 4 & B, 1) Contracting Triangle + Always Subdivides Into Five waves + at least four waves among wave A, B, C, D, each subdivide into a Zigzag or Zigzag Combination. +wave C never moves Beyond the end of wave A, wave D never moves beyond the end of waves b and D converges with a line connecting the eds of waves A and C. +A triangle never has more than one Complex sun wave, in which case it is always a zigzag combination or a triangle. 2) Expanding Triangle : most Rules are same as for contracting triangle differences is : + wave C, D and E each moves beyond the end of the preceding same- directional sub-wave. + sub-waves B, C and D each retrace the last 100% but no more than 150 Percent of preceding sub-wave. 3) Barrier triangle : + a Barrier Triangle has the same characteristics as a contracting triangle expect that waves B and D end at essentially the same level. We have yet to observe a 9-wave barrier triangle, implying that this form may not extend. + when wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
Education
by Trade-Technique
6
Simple Logic + Elliott Wave Basic + Harmonic on Bitcoin...Wave 1: It's formed Leading Diagonal which is labialized by A, B, C, D, and E. Wave 3: It's not an impulsiv e move therefore we looking "Throw-Over" of the Parallel Channe l for 5th Wave. Wave 4: The Contracting Triangle has been possessed in it. Wave 5: To determine 5-Wave, I have utilized the following : 1) Parallel Channel 2) Spike Box (i), (ii), (ii) which indicated that end of the triangle we're getting a spike on BTC. 3) Harmonic pattern can give us the exact level to decide the next move and pattern name. I will work on the Harmonic Pattern if I got enough LIKES and Respect from TradingView. Thank you. My past research of Bitcoin :
BITSTAMP:BTCUSDLong
by Trade-Technique
49