Asian Paint Chart Structure Elliott wavePlease refer to the chart of Asian Paints Ltd., have tried to put everything on chart. The Chart is a long term chart. It seems that it is progressing in wave IV of its higher degree waves. The wave IV has retraced moved than 38% of its wave III. Lower level may also be seen in near future.
Please check the chart and follow for such charts.
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Neowaveanalysis
Nifty 50 Elliott Wave Analysis: Potential Retracement LevelsNifty 50 Elliott Wave Analysis: Potential Retracement Levels
The wave count for Nifty 50 has been structured from the Covid-19 lows of 23rd March 2020. Since then, the index has undergone a well-defined Elliott Wave progression, forming distinct impulsive and corrective waves. Below is a breakdown of the wave structure and the potential retracement targets.
Wave Count Breakdown:
1. Intermediate Wave (1):
o Completed in October 2021 with a high of 18,604.45.
2. Corrective Wave (WXY) - Intermediate Wave (2):
o A corrective retracement followed, unfolding in a WXY pattern.
o The correction concluded on 13th June 2022, with a low of 15,183.40.
o The retracement was less than 38%, indicating a strong bullish phase.
3. Intermediate Wave (3):
o Nifty commenced its third wave, subdividing into a five-wave structure of a minor degree.
o This bullish wave extended significantly and peaked on 23rd September 2024, with a high of 26,277.35.
Retracement Expectations:
• Wave (3) exhibited an extended Wave 3, and according to the Elliott Wave principle, when Wave 3 is extended within a subordinate wave structure, a retracement typically occurs towards:
o The bottom of subordinate Wave 4 or
o 38.2% Fibonacci retracement level
• Key levels to watch for potential retracement:
o 38.2% Fibonacci retracement: 22,039.45
o Wave 4 bottom (4th June lows): 21,281.45
If the retracement aligns with Elliott Wave rules, we may see a pullback toward these levels before the next bullish wave resumes.
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Disclaimer :
This analysis is for educational and informational purposes only and should not be considered as financial or investment advice. Market movements are subject to various factors, and past patterns do not guarantee future performance. Please consult with a certified financial advisor before making any investment decisions.
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With these insights, traders and investors can monitor Nifty 50's price action closely to determine whether the expected retracement unfolds as anticipated.
INJUSDT NEOWAVE ANALYSISWave A is the fastest and strongest wave on the chart, indicating that the long-term trend is up, and any downward wave is counter-trend.
The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18.
Currently, we appear to be in an X wave.
The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart.
However, the price is likely to fully retrace the $13 low, and it should head lower.
Elliott Wave Analysis of BTC/USDTOverview
This analysis focuses on the Elliott Wave count of BTC/USDT, starting from the significant low on November 21, 2022, at $15,484.34. The price movement since then has followed a structured wave pattern, with identifiable impulse waves and corrections.
Wave Structure
Wave (1):
BTC initiated its uptrend, forming minute degree wave (1) on April 14, 2023, reaching a high of $31,019.60.
Wave (2):
A corrective phase followed, bringing BTC to a low of $24,899.97 on September 11, 2023.
Wave (3):
After completing wave (2), BTC started an impulsive move for wave (3), which culminated on March 14, 2024, at a high of $73,800.
Wave (4):
A time-based correction followed, marking a low of $48,974 on August 5, 2024.
Wave (5):
The final impulsive wave (5) then unfolded, reaching an estimated high of $109,900 on January 20, 2025.
Post-Wave (5) Projection
After the completion of wave (5), a corrective phase is expected. Based on the Fibonacci retracement tool, BTC is anticipated to retrace 50% to 61.8% of its entire impulse move. This suggests a retracement zone between approximately:
$62,659.89 (50% retracement)
$51,521.34 (61.8% retracement)
BTC is expected to consolidate within this range before forming a new directional trend.
If price breaks $89,414 early, it will be clear confirmation of the completion of wave (5).
Conclusion
The Elliott Wave count suggests that BTC has completed a five-wave structure and is now poised for a corrective phase. Traders should watch for price action around the Fibonacci retracement levels to assess potential support and future market movements.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry risks, and past performance is not indicative of future results. Always conduct your own research and consult with a professional before making investment decisions.
ADAUSDT"In this analysis, I aimed to examine the entire structure of Cardano from the beginning. I identified that we are currently within a corrective structure, and the current position appears to be the third wave of this correction. I anticipate that it may unfold as a Diametric pattern. Follow me to stay updated as we track this structure!"
Doge(based on NEo wave)last counting failed but there is these 2 bullish scenarios for doge and I think soon we will see a dog which can fly!
one of the ways is complex corrective wave which contains WXY waves and the other one is triangle with ABCDE waves.
in short term the bow tie diametric with G wave (which is not formed yet), I prefer to buy more on G wave.
SOLANA NEOWAVE ANALYSIS The chart shows a simple zigzag pattern
Solana is currently in wave C.
The minimum target for the coming year is $540, as wave C of the zigzag should at least reach the 0.618 fib level.
Typically, a normal wave C can range from anywhere between the 0.618 to 1.618
Given Solana’s overall bullish structure, I believe the current price represents a strong buying opportunity and a loading zone.
ETHUSD 6 MONTHLYSince its inception, ETH has moved up in a 5-wave pattern, which is now being followed by an ABC correction.
Wave A occurred during the last bear market.
Currently, we are in wave B, and the market is showing a lot of strength. Wave B should retrace the 5th wave completely and move higher. A move higher than wave 5 will indicate a strong B wave. Depending on where wave B finishes, it will determine whether wave C retraces wave A or not.
If the B wave falls between 101-123.6% of wave A, there is still a relatively good chance that wave C will completely retrace wave B.
If the B wave exceeds 123.6% of wave A, there is little chance that wave C will retrace all of wave B. If it does, it will still be an irregular pattern. When the B wave exceeds 138.2% of wave A, there is no chance that wave C will retrace all of wave B.
I personally can see ETH reaching around $7,000 to $9,000 very soon
This is all I can say based on the 6-monthly chart.
USDJPY NEOWAVE ANALYSIS (DAILY) Experimental analysis with the intention to follow back later on as I am still learning
This pair really excites me. I do not know why, but it has stuck with me, so I thought I’d give this a try even though it should be considered low probability due to me going deep down to the daily.
As you can see, once wave F got over, we did get a very good 5-wave rally to complete wave A. Although i have no idea yet what wave A is a part of.
After the biggest daily drop since wave 2, we got some downwards movement which indicated that the rally up is over.
Now using logic and good reasoning when I think about this, it’s not possible for the downside movement to end so quickly after almost 2 months of upwards movement. Hence, I will take it to believe that the correction is still ongoing and the rally we are seeing right now is a strong B wave rally of a possible flat.
I do not know where wave B will end, although since I do consider it to be strong, I will expect it to completely retrace wave A. Once we know where wave B finishes, then only I could understand whether the C wave will completely retrace the B wave.
Any prior sell off before retracing wave A would mean that we're looking at a triangle correction
COIN NEOWAVE ANALYSIS (DAILY)Experimental analysis with the intention to follow back later on as I am still learning
After posting the weekly chart, I decided to take a look at the daily chart to see if I could spot any clues,
Initially, it looked like an expanding triangle, but after reviewing it thoroughly, it did not meet the requirements.
The only other formation that could fit this structure is a terminal impulse.
In this scenario, Wave 3 is the extended wave, doubling the size of Wave 1.
Typically, when Wave 3 is extended, Wave 5 tends to equal the length of Wave 1. If not, then Wave 1 will usually be either 61.8% or 161.8% of Wave 5.
With this in mind, I would anticipate a minimum 20% upside, a 35% medium target, and a maximum target around 65%.
Obviously, we can only get a real target once wave 4 is over.
I do expect this terminal pattern to be part of a complex correction featuring an X wave, or to be the first leg of a larger corrective structure.
If you read my weekly analysis, you will understand that this complex correction will end wave G, which would end the B wave. This daily chart hints at a stronger B wave, which would put COIN in a bullish long-term trend.
Note: Since this is a daily chart, the probabilities of failure are even.