Get started

Waves

ZIM bounceNYSE:ZIM I see ZIM stock fallowing Baltic Dry Index with a lag. As we observe a bounce in BDI we can expect the same in ZIM stock price. From a technical point of view the same thing. We are now in wave 5 of an impulse wave down. which could also be done. So from wave analysis point of view we can expect a correction up, most likely to the minor wave 4 extreme. in the region of $34. And financially the company is rock solid. Disclaimer: This is my analysis and does not constitute financial advice.
NYSE:ZIM
by WavesInvesting
2
[09/27] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Finally, the boring convergence seems to be over. Eventually, it deviated upward from the convergence pattern, rose slightly, and then rose in the morning with trading volume attached, and now it seems that the wave frame is being taken little by little. Up to 18.1k, it came down to five waves, and it seems that the waves have ended, and the current section after that is important 18.1k - 19.5k = A 19.5k to 18.8k = B (Triangle convergence) It seems that the C wave has been rising since 18.8k. If this ABC wave is a "B wave" in this big picture and the selling pressure is a little severe, and the C wave does not come out short, it is likely to go up to 20.3 to 20.4k. After that, it is expected to fall quite strongly with five waves, and it is likely to break 17.6k in this downward wave and renew its previous low. We recommend that you do not hold a long position or respond briefly, and if there is a rebound up to 20.3k, it is better to enter a short position by looking at the trend change signal on the line!
Short
by BeastTrading_Sehyun
4
US10Y Elliot Wave Analysis (fun might be over) **WHERE DO WE START** At this point it is nearly unarguable that the move up form the Covid lows looks impulsive, meaning we are in some sort of a new bull cycle. In the past, since US10Y's inception back in the late 1970s the path it followed had a downwards trajectory that made new lows after each bull cycle was done. The US10Y would then correct those lows over the next 2-4 years or so and retrace to .5 fib or .618 fib of the previous high. It did this every single time, however in 2022 it is acting very different. For the first time in history since inception the US10Y blasted through the .618 fibonacci retracement of the previous top which was in November of 2018. My view was bearish for most of this year since we were coming up against strong resistances, however since the price pierced through them all with little effort and continued up makes me lean bullish on the Macro outlook. **TRUNCATION** Truncation (definition) - What is truncation in trading. In most impulses, the fifth of the Elliott waves extends beyond the extremum of the third wave, but sometimes the fifth wave may not reach the end of the third wave . This phenomenon is called truncation or truncated wave. The next event I need to go into is the truncation of the 5th wave down that took place in August of 2020. Truncations are rare events in Elliot Wave Theory and require very careful analysis to ensure the count is not something different. It is more likely to see a truncation in very volatile environments, and Covid crash of 2020 was undoubtably one. This truncation does not show up on US05Y or US02Y leading me to believe the actual bottom on US10Y was in August of 2020 and NOT in March of 2020. However this doesn't change the current count, just some clarification for those using Elliot Waves. **WHERE ARE WE NOW** Since the bottom we see an impulse up of which waves (1) and (2) are complete and wave (3) is in progress currently finishing it's 5th subwave. I expect the price to come to 4% or even 4.5% before the likelihood of a pullback for wave (4) becomes highly likely. The wave (4) retracement should be relatively large pulling back to .236 or .382 on the fibonacci levels from the top of wave (3). The price could come down to 2.75% - 3.5% on US10Y depending on how high wave (3) ends up going, although wave (4) pullback is allowed to go as low as .5 fib which could bring the US10Y down even below 2.75%, but I must say I find that unlikely considering how bullish this move up is coming to be. **LIKELY PRICE PATH** What's beginning to look clear is that after we finish wave (4) in a 3 wave structure down or perhaps a triangle formation (common in wave 4 pullbacks), we are still going to need to complete the impulse sequence and start a wave (5) up. Yes, I expect US10Y to hit and possibly go past 5%. Once there we have a completed wave 1 on a Macro outlook since the crash of 2020. I will then expect government treasury bond yields to enter a short term "bear market" and correct the entire move shown in the chart as red ABC down. This could then be last great pullback... and an opportunity to buy a house at a very affordable rate. Why? Because once this ABC that will correct this entire bull move up is done, we should see continuation in rising interest rates in a new bull cycle up. A 5 wave Elliot impulse is not a complete sequence, it should be followed by a 3, 7, or 11 wave down correction. Typically retracing to .5 or .618 on fibonnaci retracement levels and continue up again in a minimum of 5 waves. **CONCLUSION** The era of cheap rates might be coming to an end, and 2020 covid crash might have marked a long term bottom on treasury yields. Cheers,
TVC:US10YLong
by Elliot618
[09/26] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin seems to continue to move within the convergence, so I would like to raise the market with NASDAQ analysis today because the content is the same as yesterday's market. First, the time frame is a candle in a day. The NASDAQ is showing that it's hitting nearly 16,800 points on a daily basis and turning completely downward Intuitively seen, Elliott Wave Analysis appears to be strongly descending with five impulses in the red section, three abc in the yellow section, and three waves in the green section. If it falls like this, the previous low of 10980 line is likely to be broken at once, and if that line is broken, it is predicted that the 10,000 line will be broken and it will fall to 8,000 to 9,000 lines. Since Covid, NASDAQ and Bitcoin have become very strong in their coupling. Especially these days, since NASDAQ is moving ahead of Bitcoin a lot, you should also pay attention to the decline in Bitcoin in the current situation where NASDAQ is unstable. The dollar index remains strong, and the upward trend shows no signs of slowing down. It's very difficult to move because I'm not renewing the low point and I'm walking sideways from the bottom. If you don't get the seat you thought of, it's good to stop selling for a little while!
UShort
by BeastTrading_Sehyun
2
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen. ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable. 1. hdfc has a weightage of 26% in bank nifty and has to rise about 20% 2. icici has a weightage of 24% in bank nifty and has to correct about 12% 3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty. so this 3 matches will make the bank nifty to stay within the range of (42200-38200) i will post the same analysis in other bank with bank nifty posts too. currently i am short on icici bank and bullish on hdfc.
NSE:ICICIBANKShort
by raghavchoudhary2016