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Wxy

#SUPER New ascending large ABC structureAccording to Elliott Wave Theory, in a WXY correction, the X wave may sometimes form a triangular pattern, but this is uncommon. The X wave is typically a corrective wave and, in most cases, takes the form of a zigzag, flat, or another complex correction. Triangles are usually expanding or contracting and are often seen during market consolidation and when a change of direction is expected. Triangles are generally found in the final wave (such as wave B or wave 4). However, in complex corrections like WXY, a triangular formation within the X wave can occur occasionally, especially when the X wave is undergoing a consolidation phase. In the WXY correction, the X wave typically represents the intermediate correction of the previous move, and a triangular formation may be suitable for this structure, but such a situation requires careful analysis. In the current rise, the X peak is an entry point for a LONG position. An increase towards the C wave of the large ABC structure is observed.
Long
by kofc
AUDJPY - The corrective structure will continueAUDJPY overview AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level. We will not blindly enter to sell AUDJPY in any case. Only if we see clearly a corrective structure we identify and it provides us with a good Inflection Zone, we are going to sell it with a very high probability of having a profitable trade. AUDJPY is an asset to monitor, and we will keep you updated if the selling opportunity appears The market is constantly repeating the same type of defined structures. Learning them and being able to spot them on the charts will completely change the way you trade.
Short
by TradingtheRightSide
1
Tesla Inc. Elliott Wave Analysis Tesla Inc. Elliott Wave Analysis : It seems from the chart of Tesla We have completed a cycle 5 wave upside and 3 wave down. It is also observed that it has completed its internal wave 1 of wave 3. We might see a pullback for wave 2 in Tesla Inc. The level of Buying are shown in the chart, the buying range would be around 140-150 for investment not for trading. This chart is for educational purpose if you like the idea pls hit like and follow me for more such charts...! You may write on comment for more US stocks. Thank you. Regards
NASDAQ:TSLA
by imkhushal