YetAnotherTA

YetAnotherTA

5 waves down in NSE:NIFTY so trend remains downward, though it seem to have started pullback of the down move. Unless we break today's low in morning tomorrow, chances are tomorrow we would see pullback on the upside.

YetAnotherTA

COINBASE:BTCUSD seem to be forming H&S though right shoulder is yet to form. A breach below 91-92k zone could sound trouble for #Bitcoin. Diminishing volume from left shoulder to head is also not encouraging. Keep an eye!

YetAnotherTA

I see two major possibilities in NSE:NIFTY from Elliott Wave perspective, marked in red and blue. As per blue counts, B of ABC down was done at 24857.75 and we are in C down. The downmove in C so far was corrective W (internally WXYXZ, or triple zigzag) so the bounce this week should be X. X has already retraced more than 50%, though less than 61.8%, so there...

YetAnotherTA

NSE:CNXPSE (public sector enterprises) has formed a nice H&S which seem on verge of breakdown. Wait for it to happen and do not preempt it though. If it does breakdown from here then it could fall 15% or more from current levels to below 8000.

07:49

YetAnotherTA

In this video, I have covered century long Elliott Wave counts briefly to present a case on why we are close to completing the upside and soon will be rolling over to the downside. Only one leg on the upside seem pending and that should not extend beyond 6285. Watch the video for details. P.S. - There is some disturbance in audio during start so please bear with me.

YetAnotherTA

I usually don't cover highly speculative altcoins like CRYPTO:FARTCOINUSD but when I looked at the chart, it looked a clean 5 wave up complete. It looks ready to begin the correction from here. Difficult to say how this correction would unfold, i.e. ABC, WXY, WXYXZ. It should do a minimum of 38.2% retracement of the whole rise, though I would be open to much...

YetAnotherTA

Trendline from October 2022 lows of around $10 USD has been intact so far and holding. However, we saw a close below the trendline last week which shows that the momentum is now waning and NASDAQ:NVDA might be getting ready for a trend change.

YetAnotherTA

NSE:NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively. There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.

YetAnotherTA

I initially though INDEX:BTCUSD is doing WXY (red counts) correction in wave 4 since W and X were 3-3. But the supposedly Y is shorter than W and X, and the whole pattern is emerging as contracting triangle which makes me think that we are actually doing a ABCDE (green counts) triangle in 4th. So it may not be deep but time consuming. ABC seem to be done and we...

YetAnotherTA

NSE:NIFTY seem to be completing wave B up of larger ABC down which means the final leg (C down of ABC) should unfold soon. Wave B has done slightly more than 38.2% of 5 wave fall in A and has also reached wave 4 levels. Further, C within B's ABC has achieved 61.8% equality of wave A which is the minimum requirement. I can also count 5 waves up within C of this...

YetAnotherTA

This is continuation of my previous analysis on $INDEX:BTCUSD. Right now, we can see clear 3-3 waves in w and x after making a peak in 3 at 99,661. This means wave y down is still pending. Wave y is typically the longest and the correction so far hasn't even been 38.2%. Further this, w-x-y is part of larger wave 4 . And Wave 4s usually do 38.2%...

YetAnotherTA

NSE:NIITLTD has given a nice C&H breakout today in daily with good volumes. If the move sustains then potential target for this breakout would be in 245/250 range.

YetAnotherTA

INDEX:BTCUSD saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that's a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4 is around 86500. Having said that, if #BTC breaches the high of wave 3...

YetAnotherTA

COINBASE:ETHUSD has moved down from today's all all time in clean wave structure. Wave A or 1 down is complete and is followed by wave B or 2. This corrective wave is in progress and once done, wave C or 3 down may unfold which should go below 3100 as per wave A/1 equality as long as wave B/2 high of 3317.45 holds.

YetAnotherTA

COINBASE:BTCUSD seem to have made a near term top around 90K because we can see a 5 wave decline from that high in hourly chart. If this decline remains 5 wave (or 9/13) followed by a corrective pullback then we can expect a much deeper decline next. COINBASE:ETHUSD seem to have already completed 5 wave down followed by a pullback and seem to be in wave 3...

06:43

YetAnotherTA

NSE:HESTERBIO is looking bullish and seem to be ready for making new highs. Watch the video for detailed wave counts and levels to watch out for.

09:13

YetAnotherTA

Last week, we saw solid sharp moves up in NASDAQ:NDX along with SP:SPX and $FRED:DJIA. And that move made me reconsider my counts since I was expecting that we had a top in place now with X complete and Y down should now unfold. But last week's move made another all time high. Watch the video to understand what are the possibilities now.

YetAnotherTA Updated 

NSE:RELIANCE seem to have formed H&S formation. Structure is tilted on the left and has formed over a long period (~10 months). Finally the structure seem to have completed though the price is still trying to bounce from the neckline. Today we have an evening star kind of formation which might push the price towards neckline in a breakdown attempt this week. I...