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Wavetheory

Hellena | DJI (4H): Short to the area of 38566.67.Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have to reconsider the waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJIShort
by Hellena_Trade
10
Hellena | GOLD (4H): Long to resistance area of 2455.145.Dear Colleagues, I believe that the upward movement is not over yet. If we look at the wave pattern, we can see that the price has gone through 5 waves in the impulse “3”. This means that there should be an upward wave “5”. Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145. Thus the five-wave movement will be completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
10
BITCOIN Comprehensive Technical AnalysisHello everyone. First of all I should say happy new year (Nowrooz) to all iranian people around the world specially iranian traders community. Im going to explain how will BTC behave in coming months according to Elliot wave principles. As you know wave analysis act better in higher timeframes like Weekly. So I want to take a look at BTC price action from Nov 2022 that new Elliot Motive wave starts. You can see the end of wave 3 of a 5 wave move in picture below: so we are now in the end of a wave 3 in 161.8% fibonacci projection level from the end of wave 2. furthermore we will have price correction as wave 4. this wave 4 can be end in 57000 level that is a strong support level and most Fibo retracement levels compress here. there are a lot of reasons that we will have a bullrun in coming months : The most important one is Bitcoin Halving and the second one is inflows from approved ETFs and last one is expected Federal rate cuts. In chart below you see the overlay levels of Fibo that price will target soon. Overall in my opinion after a correction to 57000 level as wave 4 , price will go forward to 3 targets ahead as wave 5 (100% level of wave 1) : 85000 , 100000 and 115000. the most probable target level is 115000 (100% Fibo projection of wave 1) after that price will correct till the range of wave 4 means 57000 again. this level (I mean 57000 to 60000) will convert to a strong support level after the price correction. Hope you like this opinion. you should make decision on your own opinion but I will be happy if you share your views in comments with me. Thank you for reading this analysis. Have good trades
Long
by TraderAmin-KZ
17
Hellena | EUR/USD (4H): Long to resistance area at 1.08843.Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”. Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
5
USDJPY Looking for correction ??The USD/JPY pair has completed the impulsive wave sequence labeled as 1-2-3-4-5 and is now entering a corrective phase, typically labeled as A-B-C. The price has already formed waves A and B and is currently progressing towards wave C, which is expected to extend to the 1.618 Fibonacci extension level. Additionally, the formation of a head and shoulders pattern suggests a potential reversal or a downward correction in the price. Here’s a written summary of the analysis: USD/JPY Technical Analysis: - Impulsive Waves: Completed (1-2-3-4-5) - Corrective Waves: In progress (A-B-C) - Wave A: Completed - Wave B: Completed - Wave C: Targeting 1.618 Fibonacci extension Pattern Analysis: - Head and Shoulders pattern observed, indicating a potential reversal or correction.
Short
by joestar95
1
📍Part #1, Elliott Waves: "Introduction. Classification".Hello! Dear colleagues, because I am constantly analyzing the markets with the help of wave analysis. Many colleagues ask me about it and I decided to make some tutorial posts to help you in this difficult task. I want to present this information to you in a simple and straightforward manner. Well, enough unnecessary text, let's get started! A bit of history from Wikipedia. Ralph Nelson Elliott (1871-1948), an American accountant, developed a model for the underlying social principles of financial markets by studying their price movements, and developed a set of analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." In simple words, human behavior is quite predictable. And since it is mostly people who trade on the markets, we can predict its movement with some probability. Well. Let's explore what these waves are. Let's start by categorizing them. The movements are mostly carried out by a five-wave structure. 📍 Modes: Motive & Corrective Waves unfold in two distinct forms: motive and corrective. Motive waves exhibit a five-wave structure, featuring both a five-wave model and its co-directional components—waves 1, 3, and 5. The term "motive" is attributed to this structure due to its inherent ability to energize and set the market in motion. On the other hand, corrective waves, prevalent in countertrend movements, follow a three-wave structure or its variations. The name "corrective" stems from their nature as responses to preceding motive waves, executing partial retracements or "corrections" of the prior progress. Hence, these two wave types stand apart not only in their roles but also in their fundamental construction. Motive 📍 Styles: Impulse & Diagonal. There are two types of motive waves: impulse and diagonal. As a rule, they alternate in the position of waves 1-5 impulses and waves A-C of the zigzag. 📍 Patterns: Impulse, Leading Diagonal & Ending Diagonal Five-wave action model. Creates forward progress.Motive waves are limited to three patterns: Impulse, Leading and Ending Diagonals. Corrective 📍 Groups: Simple & Combined The corrective mode has two groups, simple and combined. Combined corrections are subdivided into simple corrective structures. The group of simple corrections includes: flat, triangle and single zigzag. Combined group — multiple zigzag and combination. 📍 Styles: Sharp & Sideways There are two styles of corrective processes: sharp and sideways. If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa. 📍 Patterns: Flat, Triangle, Single Zigzag, Multiple Zigzag and Combination 📍 Three-wave or five-wave (which have characteristics of both fives and threes) or their combination model of counteraction. Always produces a net retracement from the previous wave. Corrective patterns include: single and multiple zigzags, triangle, flat, combination. Variations 📍Divergences in Elliott Wave patterns manifest in two conditional categories: variations in form and variations in the quantity of simple structures. Impulses, diagonals, flats, triangles, and single zigzags are distinguished by the proportional length of their sub-waves, shaping the model uniquely. On the other hand, combined corrections, incorporating multiple zigzags and combinations, maintain a consistent shape, and their identification is based on the count of simple corrective structures they encompass. This was an introductory lesson on Elliott waves. Further we will examine each type and subspecies of waves in detail in a separate lesson! 🔔 Click on the links below this lesson! 🔔
Education
by Hellena_Trade
22
📍Part # 8, Combination - Corrective Waves.👩🏻‍💻 Hello ! This time we're going to look at combinations. It may seem too complicated, but don't worry. In fact, any combination simply consists of two corrective patterns that you and I already know, only between these two patterns there is a connecting wave. Let's go straight to the rules and everything will become clear to you at once! ✅ Rules ✅ 📍A “double three” combination comprises two corrective patterns separated by one corrective pattern in the opposite direction, labeled 'X'. The first corrective pattern is labeled 'W', the second 'Y'. 📍A "double three" combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle. 📍Wave 'X' appears as a zigzag or flat. 📍Wave 'X' always retraces at least 90 percent of wave 'W'. 📍Combinations have a sideways look. With respect to waves 'W' and 'Y' in a double three, only one of those waves in each type of combination appears as a single zigzag. 📍Combinations can occur in the same wave positions as flats and triangles (except for the triangle subwave) but cannot occur in waves 'W' and 'Y'. ✅ Guidelines ✅ 📍Wave 'X' is often 123.6-138.2% the 'W' wavelength, less often wave 'X' retraces 161.8% or more. Don't expect wave 'X' to be more than 261.8% of wave 'W'. 📍Wave 'X' is usually a single or multiple zigzag. 📍When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave '4', the preceding wave '2'), a combination is likely. Thank you for your attention! There will be another lecture next week! Don't miss it! 🔔 Links to other lessons in related ideas. 🔔
Education
by Hellena_Trade
3
Unfolding Waves in Chambal Fertilisers: Bullish Path AheadAn analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly Cycle Wave V: We are observing the unfolding of wave V on the weekly cycle. This wave is showing potential for further upside as the stock completes its final wave in the longer timeframe. Subdivision of Wave V: Within wave V, the stock has already completed waves (1) and (2), and it is now unfolding wave (3). Wave (3) of Wave V Progression within Wave (3): In the ongoing wave (3) of V, we've seen waves 1 through 4 completed, and the current focus is on wave 5 of (3). Hourly Timeframe Progression within Wave 5 of (3) of V: In this specific timeframe, wave 5 has already seen the completion of sub-waves ((i)), ((ii)), ((iii)), and nearly all of wave ((iv)). This suggests we are likely at the end of wave ((iv)), poised for wave ((v)). Elliott Waves Fundamentals Wave Counts: The stock's progression through each wave provides valuable insights into potential market behavior. The typical characteristics of an impulsive wave, as seen in the unfolding of wave V, include strong, directional movements, which are followed by corrective waves. It’s essential to apply appropriate risk management techniques, such as setting stop losses, to mitigate potential downsides. Be cautious in managing your exposure and avoid over-leveraging. This analysis is purely for educational purposes and should not be taken as investment advice. Always conduct your own research and consult a financial professional before making any investment decisions. Remember, market conditions can change rapidly, and past performance does not guarantee future results. This analysis aims to provide an overview of the potential trajectory of Chambal Fertilisers based on Elliott Waves. It's always important to stay vigilant and adjust your approach as new information becomes available. Happy trading! 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.
NSE:CHAMBLFERTLong
by RK_Chaarts
1
WAVES/USDT ready for potential move? 👀🚀waves Analysis💎 Paradisers, get ready for a promising opportunity with #WAVESUSDT as it positions itself within a demand zone, gearing up for a potential bullish move. 💎 Historically, we've observed #WAVES adhering nicely to a pattern of descending resistance. Currently, after rebounding from a potential bottom, the price is maintaining momentum within the demand zone. If it can sustain this momentum at the demand level of $2.358, there's a strong chance it could break through the descending resistance and initiate a bullish movement. 💎 Consider this alternate scenario: if PSX:WAVES struggles to maintain its momentum at the demand level, a bullish rebound from the double bottom area or key support might be expected. However, should #WAVES fail to find support at this level and instead break below, it may indicate a continuation of the bearish trend. Overcoming the descending resistance is crucial for #WAVES to sustain its bullish trajectory. MyCryptoParadise iFeel the success🌴
WLong
by MyCryptoParadise
Caution: Expect FI (Fiserv) to Sell OffThe fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which is expected in a 5th wave. Expect prices to move to at least below Wave 4 around $109 or lower. Once a wave A sell off happens we can project for a wave C projection before prices could move up.
NYSE:FIShort
by adriel.arrasmith
Elliott Wave Analysis of HCLTECH: Wave 5 in FocusElliott Wave Analysis of HCLTECH In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice. Monthly Time Frame: Bigger Wave I and II: HCLTECH has completed its Bigger wave I and II on the monthly time frame. Wave III: The stock is currently unfolding wave III on the monthly time frame. Weekly Time Frame: Within wave III, we observe weekly counts unfolding as subdivisions in wave ((1)) & ((2)). The stock is currently in wave ((3)). Inside wave (3), subdivisions as wave 1-2-3 & 4 have been completed. Daily Time Frame: We are now possibly unfolding wave 5, which is a subdivision of wave ((3)). Wave 4: The daily wave 4 has completed its subdivisions as wave ((w)), ((x)), ((y)), ((x)), and ((z)). Wave ((i)) of 5: If our assumptions are correct, we have started to unfold wave ((i)) of wave 5. Key Levels and Risk Management: Invalidation Level : The low of wave 4 is set at 1435, serving as the invalidation level for going long. This is the stop loss level to be mindful of when entering a trade. Upside Target : Wave 5 could cross above the highs of wave 3, which is the all-time high at 1697, and more. Insights: Confirmation of Trend: Watch for a clear breakout and confirmation of trend to validate the start of wave ((i)) of 5. Caution: As with any investment, caution should be exercised, and risk management is essential. Market Behavior: Keep an eye on market behavior and patterns as they unfold to validate the count. This analysis is intended for educational purposes only and should not be considered a trade or investment tip. Always conduct your own analysis and consult with a professional before making any investment decisions. 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.
NSE:HCLTECHLong
by RK_Chaarts
Hellena | Oil (4H): Long to resistance area of 87.47.Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders. The nearest target is the resistance area at 87.47. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:USOILLong
by Hellena_Trade
9