Wavetheory
GbpUsd formed a Wedge pattern(Rising Wedge)Looking for Impulse Down.
GbpUsd moving down soon.It is on retracement now. You should look for entry on lower Time Frame. GU formed a bearish rising wedge pattern to fall. 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.
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Wave Trader Pro
Hellena | GOLD (1H): Short to 100% Fibo lvl 2049.040.Dear colleagues, I suppose that the price is completing the corrective movement in waves a, b, c. I expect the price to reach the target of 100% Fibonacci extension level of 2049.040.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support area of 67.34.Dear Colleagues, Towards the end of the year we see a large accumulation of option contracts at levels that are well below the current price. I believe that we should look out for short positions.
I expect that wave 2 has finished its movement near the 74.80 area and I expect an impulsive wave 3, which will come at least to the target in the support area of 67.34.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (1H): Short to support area of 2056 (correction).Dear colleagues, I suppose that we are in for a strong decline! But it will not be easy to catch the end of wave 5. I suppose that wave 5 may continue its ascent to the resistance area of 2099. Somewhere in the range near this level we should enter a short position because the five-wave structure is coming to an end and the price will enter a deep correction. If you prefer aggressive trading, you can enter the trade earlier. But the main target is in the support area of 2056.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (1H): Long to resistance area of 2081.Dear Colleagues, I expect the upward movement to continue. Apparently, wave 5 will be longer. Another small correction is possible, but the main target is in the area of 2081.
This week gold shows an increase in the number of buyers, which means that the bulls will not give up their positions so easily.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (1H): Short to 50% Fibo lvl 1.09667.Dear colleagues, the price has updated the maximum and continued the movement in wave 1, but I suppose that this movement is almost over. A small update of the high is possible.
I mainly expect the price to decline in the correction of wave 2 and reach 50% Fibonacci level 1.09667.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (1H): Long to resistance area of 2070.573.Dear Colleagues, I suppose that the upward movement is not over yet. I expect the completion of wave 4 in the area of 50%-61.8% Fibonacci level 2046. It is possible that the price will go even lower, so keep an eye on the updates.
Then I expect an upward movement with the aim to reach at least the resistance area of 2070.573.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (1H): Short to 50% Fibo lvl 1.09544.Dear Colleagues, I suppose that the price has completed wave 1 and I expect corrective movement in wave 2. It is quite possible that wave 1 will update the maximum a little more, but I will consider only short positions with the aim to reach the 50% Fibonacci level of 1.09544.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (1H): Long to resistance area of 2060.Dear Colleagues, I assume that the upward movement is not over. Gold is quite a reliable asset that continues to be bet on.
Therefore, I think that the price is completing a wave 1 and after the correction of wave 2 in the area of 2032.223 I expect the price to rise at least to the resistance area of 2060. Perhaps the price will immediately update the maximum and rush to the target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (1H): Short to 50%-61.8% Fibo lvl at 1.09382.Dear Colleagues. After the price rise, I redrew the waves and now I think that the price is in an upward movement, but now wave 2 is forming. I expect that the price will reach the area of 50%-61.8% Fibonacci Levels 1.09382. before this movement it is possible to update the high and continue wave 1.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (1H): Short to support area of 1.26186.Dear Colleagues, in the coming week I suppose that the price will go down. Tentatively, I expect a correction in wave b, followed by a price decline to the support area of 1.26186 with the completion of wave c.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WAVE VOLUME INCREASEThanks for reading this update.
WAVE has a volume increase in the low time frame.
Depending on our study a new whale increase can add on this coin.
It shows signals of the new volume.
Hellena | GOLD (1H): Short to support area of 2001. Dear Colleagues, in the coming week I suppose that the price will go down. Tentatively, I expect a correction in the wave to the area of 50% Fibonacci level, after which the price decline to the support area of 2001.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (1H): Short to support area at 1.08477.Dear Colleagues, in the coming week I suppose that the price will go down. Tentatively, I expect a correction in wave b, followed by a price decline to the support area at 1.08477 with the completion of wave c.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/JPY (1H): Long to 50% Fibo lvl 143.446.Dear Colleagues, I think that the strong downward movement is wave 3. Next, I expect the end of the impulse formation, then I expect the price to climb to the 50% target of the Fibonacci level 143.446.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to resistance area 73.92.Dear colleagues, I suppose the price will go higher still. A Pin-Bar has formed on the chart. It means that buyers are not giving up their positions. I expect the price to reach the resistance area at 73.92.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Arihant Capital Markets Ltd. Riding the 5th Wave ImpulseArihant Capital Markets Ltd: Riding the 5th Wave Impulse
Daily Time Frame:
Elliott Wave Analysis: Arihant Capital Markets appears to be in an impulse move on the daily time frame, with completion of wave 4 as a correction.
Current Stage: Unfolding wave 5, with (i) and (ii) completed and a potential unfolding of wave (iii).
Price Targets: Anticipating levels of 96 and 104 plus.
Invalidation Level: A strict invalidation set below 63. Current Price Trading near 76.
Technical Indicators:
Breakout Confirmation : Price has given a breakout on the daily time frame with significant volumes.
Indicator Alignment: Major indicators like MACD, RSI, RK's Magic, RK's Brahmastra, etc., are aligning positively, supporting the bullish bias.
Snapshots: Attached snapshots of the indicators for reference.
Elliott Wave Concept - 5th Wave Impulse:
The 5th wave in Elliott Wave theory is often an impulse wave that signifies the final leg of a trend.
Impulse waves are characterized by strong, directional price movements.
Wave (iii) within wave 5 is typically the most powerful and extends higher, often exceeding the peaks of wave (i).
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.
Breakout with good intensity of Volumes on Daily and Hourly time frames
RK's Magic says positive on Daily
RK's Brahmastra says Positive bias on Daily
Possible Elliott wave structure could be this
MACD on Daily is positive and Strong enough
MACD on weekly too
RSI showing good strength on Daily chart
Hellena | GOLD (1H): Short to 38.2% Fibo lvl 2014.626.Dear Colleagues, I think that the strong upward movement is coming to an end and I expect a corrective movement to the area of 38.2% Fibonacci level 2014.626.
It is possible to update the maximum.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (1H): Short to support area at 1.09141.Dear Colleagues, after yesterday's news, price disrupted my plans and my wave markup. At the moment I think that the price has almost formed a 5 wave structure and I expect a corrective movement to the support area at 1.09141.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (1H): Short to support area at 1.26820.Dear Colleagues, after yesterday's news, price disrupted my plans and my wave markup. At the moment I think that the price has almost formed a 5 wave structure and I expect a corrective movement to the support area at 1.26820.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bitcoin(BTC): Waiting For 44,500 Zone To Be Reached! The fifth day of this week is showing us some further movements towards the upper resistance zone, while yesterday we also had a nice liquidity movement to the lower zones (liquidation hunting).
We are still waiting for this zone to be reached on BTC before any significant movement to lower zones (potentially reclaiming many unfilled gaps down there!).
