Hey Guys, The following is the details of the analysis: Wave 1, 2, and 3 Completion: Wave 1 marks the initial move after the reversal. Wave 2 is a corrective pullback. Wave 3 is the subsequent strong move in the trend direction. In Elliott Wave Theory, Wave 3 is often the longest and strongest, commonly reaching at least the 1.618 Fibonacci extension of Wave...
Hey, The trendline drawn here is crucial juncture for jio finance. We can witness bull phase if the trendline is broken decisively and price does not close below the trend line. The bull phase may take jio to higher side this is not a recommendation pls take advice of your Fa.
A flat correction differs from a zigzag in that the sub wave sequence is 3-3-5, as shown in chart. Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave reaction, not surprisingly, seems to inherit this lack of countertrend pressure and terminates near the start of wave A. Wave...
Please refer to the chart of Asian Paints Ltd., have tried to put everything on chart. The Chart is a long term chart. It seems that it is progressing in wave IV of its higher degree waves. The wave IV has retraced moved than 38% of its wave III. Lower level may also be seen in near future. Please check the chart and follow for such charts. Regards
This analysis suggests that Bitcoin completed a major cycle in November 2022 and subsequently began an upward trend, characterized by an extended Wave (3) of the Intermediate degree, following Elliott Wave Theory principles. A recent breakdown below the Minor Wave 4 indicates a potential retracement. The analysis identifies a key retracement zone at approximately...
Nifty 50 Elliott Wave Analysis: Potential Retracement Levels The wave count for Nifty 50 has been structured from the Covid-19 lows of 23rd March 2020. Since then, the index has undergone a well-defined Elliott Wave progression, forming distinct impulsive and corrective waves. Below is a breakdown of the wave structure and the potential retracement targets. Wave...
Overview This analysis focuses on the Elliott Wave count of BTC/USDT, starting from the significant low on November 21, 2022, at $15,484.34. The price movement since then has followed a structured wave pattern, with identifiable impulse waves and corrections. Wave Structure Wave (1): BTC initiated its uptrend, forming minute degree wave (1) on April 14,...
AARTI INDUSTRIES: It appears that Aarti Industries is currently establishing a support level within its present price range, which is likely to hold until it reaches 386. This observation suggests that something positive might be anticipated, possibly due to favorable results or the interest of savvy investors, as accumulation seems to be taking place according...
We retraced 61.8% of the last explosive move today and now we can see an upward price movement with SL of today's Low. no buy sell idea. pls do not trade on the chart.
HUL price action suggesting a long near the cmp, we can witness a price rise of 50-150 in near short term...!
It seems that Banknifty is rising in its corrective bounce and we are doing wave 4 of wave A, if these count may unfold to the reality than banknifty may complete its wave A near 54500.
Aarti Industires counts, are these counts justified for upward movement..... No buy sell recommendation just a view and educational idea.
Pls check the structure of the market in regard to Dixon Tech. I feel its going to break badly. No buy/sell recommendation its just an opinion. Regards
JIO-FINANCE Jio Finance is approaching the completion of its Wave 2 correction, with the 50% retracement from the 0-5 wave structure already achieved. The chart suggests a potential breakout from the 4th wave of the C leg in the Y structure. If the price surpasses the 4th wave's high, we could see further upward movement. Additionally, a break above the (B) wave...
The chart the last breakdown from 6.Nov.24. We may have completed the impulsive wave 1 to the down...and currently in a corrective bounce for wave 2. Counts are marked on the chart and is not for any trade activity.
Yes, looking at the count it reveals that it can more retrace downwards....labels are marked for purely educational purposes.
From the chart, it is clear that we are in wave (3) of a major degree and currently in wave 1 of wave (3). I believe wave 1 may conclude near the 100% or 123.6% levels, which are marked on the chart. As it has already breached the 61.8% level, it looks likely to cover the range of 100% to 123.6% in general. Then, we may see a retracement for wave 2 of a minor...