Counts explained in the chart Extreme Greedyness atm.
Wave counts with FIB relations already show in the chart. Extreme greedyness atm
Nifty Preferred EW Wave counts from Covid Low to 2021 high (~18600) Major Impulse counts are labelled in Blue with minor wave counts in Orange. Major correction waves are labelled in Pink and Sub-waves within major correction waves are shown in green. Wave 1 is some sort of diagonal - leading diagonal Wave 3 is subdivided again in 5 impulse waves with subwave 5...
This is Monthly Log Chart from Bitstamp as it has data since 2011. More history and past data helps in analyzing the behavior and price structure. Three Analysis on a monthly log chart on BTCUSD pair. (1) Harmonic ABCD Distance covered in AB Leg is same as Distance covered in CD leg (1:1 extension). C point as shown in the chart...
JUBLfood looks good for swing position. (1) Bullish Butterfly Harmonic Structure (Ref. harmonictrader.com) in daily TF with Swing low in place (2) Daily EMA cross with Price structure in change (3) Price volume breakout in Hourly TF
Nifty Hourly Bullish BAT D point is anywhere between (1) 0.886 retrace of XA Leg (2) 1.618 BC projection (3) 1.272 AB= CD ABCD Extended RSI is oversold, Confirmation of Bullishness only when 15 min EMA10 crosses 15 min EMA20 from below. SL is below 17K for now.
BTC is approaching major demand zone in price on Daily Time Frame. Deep Crab PRZ/HOP on 4 Hour 1 Hr Bullish DiV in Price wrt to RSI and approaching major support zone.
Good zone to start considering shorts around the CMP (1) Channel Resistance (2) Bearish BAT Harmonic and Bearish DEEP CRAB harmonic Patterns (3) Price action supply zone RSI is showing divergence in 1 HR.
Explained in chart A downtrend was broken earlier and it is now at Resistance.
Thank you Scott and Sr Analyst Team for HPC Scanner. Helpful to scan patterns. Hopefully Team includes Shark Pattern Scans and Chart linking functionalities in future revisions.
HAL is on Harmonic Resistance and a Reaction is possible. Two Patterns are in progress. (1) Larger scale Gartley Pattern with Level Hit and terminal Bar in progress today. SL for Gartley is FIB Level 1 of XA Leg. (This pattern is more visible on Weekly and Two Day Chart) (2) Smaller Scale Crab Pattern with Fib Level Hit and Terminal BAR Completed today (This...
AdaniEnt is in strong uptrend. We have seen almost 30% move last week when it broke out from 1350 towards 1700. At this point, there are no signs of bearishness on any timeframes. However, I see a harmonic pattern and I am explaining it below. Pl note that this is a monthly chart on the log scale. Harmonic inherently does not support log scale therefore we...
Nifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed. It is still not bearish at the moment therefore, please wait for some signs of weakness. Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg. Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from...
Wave 2 is 0.618 times of Wave 1, Wave 3 was almost around 1.272 of Wave 1. Wave 4 is 0.618 retracement of Wave 3. Also ABC correction (Most likely Zigzag, I have not attempted to count it yet) is completed with C as 2.618 of AB. Now we have a wave 5 play in progress. Tgt would be 200 and 225.
UPL Is technically looking solid and every dip should be a buying opportunity. Per Elliott Wave analysis Wave 3 formation in progress and we know that for any trend wave 3 is usually the strongest part of the trend. Wave 2 exactly retraced up to 0.618 FIB of Wave 1. We can also see subwaves within major Wave 3 but I will let the structure develop itself before...
BAT Pattern with 0.886 FIB and the other level is 2.618 FIB between B and C.
Seeing Bearish BAT pattern formation in Progress. thought this is bearish BAT, you can still buy it right now since it broke B Point and price is staying above it. See how nicely FIB levels are matched for B and C Point.