POTENTIAL BEARISH BAT FORMING ON QQQI believe there's another leg down coming the Q'S. I have highlighted where it may reverse. There's a potential bearish harmonic bat completing in the coming days and weeks. Good luck!
Elliottwaveprojection
GBPJPY Complex CorrectionHello Traders,
Here is an analysis of GBPJPY. It seems that this pair is already completing the WXY structure and thus will move to the downside. Alternation is a break above the trendline and can be a new movement to the upside. I might be wrong but the bias is more to bearish structure
USDCAD SELLI expect USDCAD to drop in the following days, because it is at the resistance zone of the M15 and M30 price channels respectively. Secondly, it overextended price in order to fulfill EW impulsive move evident through the divergence on TDI and Awesome oscillator. As such, the correction of that count is expected. My short term target is resistance zone that was broken during the upside move around 1.34778. If broken, I will expect price to drop further.
ADVANC | Elliott Wave Projection | Complex Inverted H & SPrice action and chart pattern trading
> Elliott Wave projection possible the end of Intermediate 4-wave downtrend
> Complex inverted head & shoulders formation ABC uptrend correction
> Bullish divergence in previous 5-wave downtrend confirmation
> Entry @ neckline breakout - RSI downtrend breakout
> Target @ C-wave uptrend 1.618 extension of A-wave near volume profile POC
> Stoploss @ B-wave right shoulder
> RRR: 2:1
Always trade with affordable risk and respect your stop
NIFTY IN BEAR HANDS'C' Wave started violently from 24th Jan'23 .it formed as 3 wave pattern
An open statement of short position and news may panic investors to offload nifty constituents
it is easy to find out targets for c3,c4,c5 and tgt time also
5th wave to the downside after the triangle completes5th wave to the downside after the triangle completes. 4th waves can be triangle. I project to the downside with 100% of wave 1.
EUR/USD My setup. Corrective wave plan 2EUR/USD My setup. Corrective wave plan 2.
Check plan 1 for alternative plan. Follow for more.
EUR/USD My setup. Corrective wave plan 1.EUR/USD My setup. Corrective wave plan 1.
Plan 2 is next. Go check and follow for more.
CGD | Elliott Wave Analysis | Triangle Breakout +30% UpsidePrice action and chart pattern trading:
> The current price crossover above EMA200 with squeezed symmetrical triangle pattern.
> A possible ABC 1-wave uptrend breakout with potentially +20 - 30% upside
> Entry@EMA200 zone
> Target 1 @ 0.786 - 1.0 fibonanci extension level +20% upside
> Stoploss @ right shoulder pattern wave b position -8%
Always trade with affordable risk and respect your stoploss
ITEL | Elliott Wave Projection | Falling Wedge BreakoutPrice action and chart pattern trading
> Elliott wave downtrend falling wedge breakout
> Inverse head & shoulders reversal pattern with breakout
> Entry @ pullback B-wave retraced near neckline zone
> Target @ 0.386 retracement of (A) wave - volume profile point of control zone
> Stoploss @ the lowest head position -10% downside
> Risk reward ratio: 2:1
Always trade with affordable risk and respect your stoploss
NVDA following the 10DMA like a charm! NVDA trend has been strong. It's not losing steam, and the retest is always happening on 10DMA. Let's see how much steam this stock will have. Could be a B wave of Elliot wave theory also, looking at the beginning of the cycle early January.
BTC completing 4th wave going test 20900 21200 then 2700BTC completing 4th wave going test 20900 21200 then 2700
BTC running 4th wave forming falling wedge consolidation breakout here will lead to 27k 31K
GBPCAD FINAL SUBWAVE OF THE FOURTH WAVEBased on the analysis above, the market is currently almost at the end of the final subwave of the fourth wave. The wave 4 contains three corrective waves (ABC) with subwaves formantion of 5-3-5 waves. As of now, expect the completion of the subwave 4 of the entire correction and its supposed to contain 3 corrective subwaves (ABC waves). After the bullish anticipation will follow. Stay Tuned for moore updates...
NZDUSD ELLIOT WAVE BREAKDOWN [FINAL DROP]Currently, Wave 2 is almost coming to a completion and it conatains three waves (ABC corrective wave) but by the look of the whole structure, it happens it be a flat correction. Wave C which carries 5 waves (12345 waves) is at its last wave also which is the fifth final wave. WIll be looking for buying opportunities when is see some rejections off the end of the last fifth wave at 0.61900 price level.
SITHAI | Elliott Wave Uptrend 5-Wave Projection | Ascending ChPrice action and chart pattern trading: Elliott Wave 5 wave projection
> Ascending channel global pattern with i - iv wave ending diagonal formation : ii wave retraced 0.786 of i wave, iii wave ABC diagonal extended 1.242 of i wave with a bull outlook of further rising.
> 4-wave could retrace below the current local rising triangle wave as a temp bear outlook.
> Final 5 wave projected between 1.0 of local i wave and 1.618 extension of iv wave
> RSI and MACD bullish signal above baseline.
Always trade with affordable risk and respect your stoploss.
BTCUSDT | Elliott Wave Projection | 4 Wave Correction Target Price action and chart pattern trading setup
> The previous minor 3 wave extended 2.618 of 1-wave with small head & shoulders formation.
> Potentially, minor 4-wave correction scenario at 0.5 fibonanci retracement of minor 3 wave impulse
> possible retesting SMA50 dynamic support at SMA50 X SMA200 level zone.
> Wait for reversal pattern in smaller timeframe TF4H / TF1H breakout confirmation
> Target 5-wave (major 1-wave) expected at 1.618 extension of 1-wave
> RSI sharply declined dead crossed uptrend line below 50, expecting further downside.
> Based on this scenario, TP at 27K-28K price zone +30% upside as completing this uptrend cycle.
Always trade with affordable risk and respect your stoploss!
Good Luck
DAX: Approach to Resistance Area... how to trade it?Hi everyone!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! 👍
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NZDUSDLooks like we have topped out in NZDUSD , If am i right then it should touch my entry zone then a free fall towards downside
GOLD XAUUSD - Where now?Hi everyone,
We saw the reaction off the completed WXY highlighted last week (linked idea below) play out perfectly and the larger three wave corrective structure now also looks complete above the 1860 level.
My plan is to target the price inefficiency highlighted in the red boxes whilst monitoring how the forthcoming wave structure develops. Expecting initial resistance at the 1900 level.
A bullish five wave structure will likely lead gold higher beyond 1960, completing the impulsive move which began in September 2022. Will update how that plays out accordingly.
Trade safe.
BeyondEdge
USDCHF: SMALL DROP, BIG RALLY The USDCHF currency pair has been under observation and analysis in recent times, and based on the current market conditions, it is likely to be in a corrective phase.
After the correction, it is expected that the USDCHF currency pair will enter into an impulsive phase. I expect the currency pair to drop to the 0.92000 - 0.91500 price zone. At this level, it is likely that the 200 EMA will provide support. It is recommended that traders monitor the H1 200 EMA, which is a more significant long-term moving average.
To confirm a potential upside move, I'll look for price rejection on the 200 EMA, which can be indicated by a shark fin pattern or divergence on the TDI indicator. If a shark fin pattern is present, it can provide a bullish signal and increase the likelihood of a price reversal to the upside.
Based on this analysis, my medium-term target is 0.945000, and the long-term target is 0.9700.
Jubilant Food WorksHello and welcome to this analysis
The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds
In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low.
Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
BTG | Elliott Wave Projection | Inv. H&S Breakout +8%Price action and chart pattern trading setup:
> A potential reversal pivot point with an inverted head & shoulders breakout and pullback ENTRY
> Target: 1.0-1.618 fibonanci extension ABC uptrend wave +7-8%
> Stop: Inv. head zone position -4%
> RRR: 2:1 minimum
Always trade with affordable risk and respect your stoploss
CPALL | Elliott Wave Projection | Bull Flag Pullback Entry +20%Price action and chart pattern trading
> A potential mega bull flag major 4 wave breakout & retest SMA200W for entry opportunity
> Target: 1.414 - 1.618 fibonanci extension +15-20%
> Stop: -7 - 8% SMA20W - 50W zone
> RRR: 2:1 minimum
Always trade with affordable risk and respect your stoploss
