Wave5
Bank Of IndiaSharing my view on Bank of india based on elliott wave theory, where price seems to complete correction phase, but here is the tricky part if price breaks, price will move up.but, if it breaks 137 price level then and then only we can consider the start of wave 5, untill then it will correction uptrend and price can remain sideways.
new wave 5 targets on ada since deep wave 4 correction
in above mentioned idea i outlined most passive targets on ada. Today there was a impulsive weekly Candle that take off ada to 10% 24h pump as only coin in top 10 .
Just for the bigger Picture that means ADAs marketcap pumped from 40 to 44billion dollars in1-2 days 4 billion on top thats massive. As iam in that market since 2017 i learned if ada pumps that hard out of nothing, that is a superb sign of outperforming next days.
New Target
1,47 minimum up to 1,70$ in a normal wavecount scenario
INFO:
if alt season starts my targets probable are nonsense because ada will rise much higher
If BTC dumps then all alts including ada will dump to. Then the Chart needs a new point of view and analysing.
DXY Formed Wave Pattern!Looking for Impulse Up.
DXY formed 1,2,3,4,5 & a now wait for wave b to get in with wave c. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
ACHR: Long Position @ Wave 5 (Elliot)Step 1: Ride the Wave 5 Momentum
ACHR is about to start its Wave 5 rally, offering an excellent short-term long opportunity.
Currently we're in the middle of Wave 4 and we will likely experience 3 to 5 days of accumulation/indecision before Wave 5 starts.
Let’s break it down:
Slow Stochastic Bullish Momentum
The Slow Stoch oscillator is signaling strong bullish momentum, albeit in overbought territory. This is typical during Wave 5 and suggests further upside potential before the trend exhausts. Staying with the momentum while it lasts can be very rewarding.
Massive Volume Spike
In the last three weeks, ACHR has seen a significant increase in volume, indicating strong buying interest. Volume often leads price, and this kind of activity strengthens the case for continued upward movement. The surge in interest can drive the stock toward its next key resistance around $9.84.
Fundamental Catalysts Driving Momentum
Recently, ACHR has achieved major milestones, such as progress on FDA approvals and securing new contracts and orders. These developments add to the bullish sentiment, attracting more traders and creating a supportive backdrop for the rally.
Trade Execution: Enter a long position now to take advantage of the current momentum and aim for a target near $9.84 (the resistance zone). Consider tightening your stop-loss to protect profits as the stock approaches this level.
Step 2: Exit, Wait for the ABC Correction, and Re-Enter for a Bigger Move
After completing Wave 5, the market is likely to enter a corrective ABC phase. This is where it’s smart to exit your position and wait on the sidelines. Why? The correction will likely bring the price down to a more attractive level, allowing for a better risk-reward setup for the next big move.
Once the ABC correction concludes, re-entering around the key support zone sets up a new long opportunity with an eye toward the Q1 2025 target of $12. The long-term fundamentals of ACHR and its growing momentum in the market make this a high-probability setup.
Trade Execution: Watch for the corrective phase after Wave 5 completes. Use Fibonacci retracement levels or support zones to identify a potential re-entry point.
Elliot waves meets Fibonacci [Educational]Hello everyone,
today I like to share how I use elliot waves combined with fibonacci to analyze the market.
The standard rules are:
- Wave 2 can now be lower then the start of wave 1
- Wave 3 should be the longest
- Wave 4 should not breach the high of wave 1
But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.