Wavetheory
Banknifty Short term wave analysisThis my view about banknifty for next two days.The index has been trading in correction from previous two weeks.Tomorrow the flat correction shownin chart will get completed around 39362-39413 price supply zone from there selling will come in market and then the downide target for index is to 38242 level.
ETHEREUM - Further downside ⬇️Scenario 1.
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.
Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down
We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB
Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)
Weekly & Monthly charts below
Nifty 50 As Predicted Wave BBased on my previous chart nifty currently running close to 17000, as I mention on WAVE B will be 0.382 retrace based on previous Trend Based Fib Ext . Hope you traders will like it. I am very new to posting here so Don't forget to boost please, It will help to build some reputation here. Thanks for viewing and also thanks who liked my previous charts.
NIFTY ELLIOTT WAVE ANALYSISThe NIFTY Index which has been trending in impulsive move for couple of weeks, which trend is about to terminate now.As it has been forming the Ending Diagonal structure in which wave 4 is in progress now nad the wave 5 targets are 18170 and 18275.After that Nifty should give big bearish move to down a correction of previous trend.
XMR moneroEverything everywhere is still set up to go down, fibonacci relations from previous months are still valid turn around levels, It all depends on wave principle guidelines and where they finally complete.
WXY chart labeling can always X-Z in formation, an potentially infinitely expanding interval of waves. WXYXZ as a complete structure can form an X wave followed by a Z wave
These placements are in line with Fibonacci time sequencing and Fib leveling based on measurements of previously completed waves
Axis Bank Wave AnalysisAxis Bank was in very complex corrective five wave of expanding triple three pattern which is completing it at 742-730 price levels and from there the wave 3 will start for the target towards 923-995 and 1100 for coming months.See the price patterns and the levels in the chart.
Icici Bank Elliott Wave AnalysisThe stock has very high liquidity everyday and has been moving in great impulse for last 2-3 months and now the correction is getting completed as expanding flat pattern.After the end of correction at the shown level the wave 3 impulse will start for the target of 1200 level in coming months.