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The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years! In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall. So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :) As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision. I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows. The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle. This should also coincide with a cyclical top across the cryptoverse. What are your thoughts?
NASDAQ:COINLong
by investornomics
2
NVDA - finding an Exit on LongsIn this short piece, I present some visuals of my ideas on NASDAQ:NVDA targets. If the chart patterns play well then my intention is to exit at around $183 to $193 and then catch the wave (4) low ideally at $146 , for the final push up in this sequence in to $210 or slightly higher for a final exit. Viewed from the perspective of a weekly or monthly chart - NASDAQ:NVDA doesn't look complete at those higher levels, however, I suspect that the end in to the wave (5) around $210 will complete a multitude of larger wave degrees, thus start a much larger degree (wave 4) correction from that point. **NVDA may be a strong barometer for the market peak on an intermediate scale. I will certainly consider this strongly.
NASDAQ:NVDA
by investornomics
Chart say everything with Elliott wave counts and Chart PatternsChart say everything with Elliott wave counts and Chart Patterns Looks like Inverted Head n Shoulder chart pattern, yet to Break above Neckline. Scenario also aligns with Impulse wave counts. Elliott Wave Counts Inverted Head n Shoulder Chart Pattern Yet to confirm Breakout I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:NATCOPHARMLong
by RK_Chaarts
5
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement. My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal. This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
FX_IDC:XAUUSDLong
by Trade-Insider
#Gold overall wave countThe overall wave count of hashtag #gold's primary bullish move on the daily timeframe shows we are nearing the top of wave 3 in this impulsive move that started in November 2022. I believe we are approaching a critical point where wave 3 will complete, followed by a potentially manipulative wave 4, which could set the stage for an extended wave 5—possibly triggered by an hashtag #economic_shock. However, let’s not get ahead of ourselves. It's crucial to first evaluate how much further wave 3 could advance. In the chart, I’ve labeled the move across four degrees. Currently, I believe we are completing wave 5 of (3) of ⑤ of iii. This suggests that once wave 5 is complete, which may not be far off, wave (3) will also finish. One possible completion zone for wave 5, based on Fibonacci tools, lies between 2725 and 2730. For further insights into how wave 4 might unfold and its potential retracement against the primary trend, please refer to the chart, which offers a more detailed view of price targets.
TVC:GOLD
by mohemati
1
Bitcoin Market Outlook Elliot Wave Theory (W42/2024) // AlgoFyreThe market shows a bullish scenario with potential for an impulse wave up after a correction, possibly surpassing the all-time high post-election. However, two bearish scenarios suggest a major drop to 20K in the long term, highlighting significant downside risk. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 Leading Diagonal (Green) Complete : The green lines on the chart represent the completion of the leading diagonal, which is the first wave of a larger impulse (wave 1). Leading diagonals often occur in the first wave of a new trend, indicating that a bullish trend is beginning. This is particularly important because it sets the foundation for a stronger upward movement that could follow after a corrective phase. 🔸 Corrective Phase (Red ABC) : After completing the first wave, we are now expecting a corrective structure. The red lines represent a potential ABC correction, a typical 3-wave corrective pattern in Elliott Wave theory. This correction could retrace some of the gains made in the leading diagonal, potentially finding support near key Fibonacci retracement levels (like the 0.25, 0.5, or 0.75 levels) drawn in orange on the chart. 🔸 Timing Around the US Election : The chart indicates that this ABC correction may take place leading into the US election, which is often a period of increased market uncertainty and volatility. It seems that the correction is expected to conclude before or around this event, setting the stage for the next major move. 🔸 Bullish Impulse (Wave 3) : After the correction, the chart projects a strong bullish impulse (the large green arrow), which would be the beginning of wave 3. In Elliott Wave theory, wave 3 is typically the most powerful and extended wave in an impulsive structure, often leading to significant gains. The breakout above previous highs around the 67,000-68,000 level (marked by the green wave 5 in the diagonal) would confirm the start of this impulsive wave, which could target much higher levels, possibly into the 70,000+ range. 🔸 Bullish Summary (TLDR): The leading diagonal in green (wave 1) suggests that a new bullish cycle is underway. We are currently expecting a 3-wave corrective move (ABC) before the next leg up. The correction could end around key Fibonacci levels, potentially coinciding with the US election. After the correction, a powerful wave 3 impulse is expected, likely driving prices significantly higher. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Bigger ABC Correction : The market is in the midst of a larger corrective pattern. The current movement is within the B-wave of this ABC structure. 🔸 Flat Pattern for B-Wave : The B-wave is forming a flat correction, which typically indicates a sideways consolidation with a final leg up before a downward movement. 🔸 C-Wave to 52K Area : After completing the B-wave, we expect a C-wave to the downside, targeting around the 52K level. This drop represents the completion of the B-wave within the larger ABC pattern. 🔸 Larger C-Wave Up : Following this drop, the final C-wave to the upside is projected. While this wave could potentially retest or even exceed the all-time high (ATH), it's not guaranteed. The key idea is that a significant rally is expected after the corrective B-wave down. 🔸 Major Downtrend Next Year : After this anticipated rally, a substantial downtrend is expected in the following year, potentially driving the price down to 20K or lower. 🔸 Bearish Summary (TLDR): Completing a B-wave flat correction within a larger ABC structure. Expecting a C-wave down to around 52K before a potential larger rally. After the larger C-wave up, a significant decline is expected, leading to 20K or lower in the following year. 🔴 Mid-Term Outlook (Next Few Months to Year) - Bearish Scenario 🔸 Leading Diagonal Completed (Red) : The red structure shows the formation of a large leading diagonal to the downside, suggesting that a strong downtrend has already been established. 🔸 Corrective ABC (Green) : After the diagonal, a corrective ABC pattern has formed. This correction has reached the 0.786 Fibonacci retracement level, which is a common level for corrections to complete before resuming the primary trend. 🔸 Major Move to the Downside : Following the completion of this corrective phase, the chart is signaling the beginning of a significant bearish move, potentially leading to a price target near the 20K level. This aligns with the broader bearish outlook. 🔸 Bearish Summary (TLDR): Finished a leading diagonal to the downside, followed by a corrective ABC pattern. Correction reached the 0.786 Fibonacci retracement level. Expecting a major bearish move from this point, with a potential target of 20K. 🔶 Key Takeaway The market presents both bullish and bearish possibilities. The bullish scenario suggests that after a leading diagonal (wave 1) completes, a short-term ABC correction will occur, followed by a powerful wave 3 impulse to the upside, potentially pushing prices beyond the all-time high after the US election. On the other hand, the bearish scenarios indicate a significant downturn: one expects a C-wave drop to around 52K before a larger rally, followed by a steep decline to 20K or lower next year, while the other points to a completed leading diagonal with a corrective ABC reaching the 0.786 Fibonacci level, signaling the start of a major move down to 20K. Despite the potential short-term upside, both bearish scenarios ultimately point to a substantial long-term decline.
by AlgoFyre
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4. Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5. It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
TVC:SILVER
by mohemati
1
Riding the Wave: A Deep Dive into EURUSDElliott Wave Analysis of EURUSD This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and individuals should consult with a financial advisor before making any investment decisions. Current Analysis Based on the provided Elliott Wave chart, we've identified the following: Completed Waves: Waves (1) to (4) have been completed in blue. Potential Ongoing Wave: Wave (5) is currently unfolding, with wave 1 completed in red. Scenario 1: Upward Reversal If the low of wave (4) is not breached, we can anticipate a potential upward reversal. This would indicate the completion of wave 2 in red and the beginning of wave 3 in red. This bullish scenario suggests a continuation of the uptrend. Scenario 2: Downward Correction If the low of wave (4) is broken, it would suggest that wave (4) is still in progress. This could lead to a further downward correction before the uptrend resumes. Key Points Support Level: The low of wave (4) serves as a crucial support level. A break below this level would invalidate the current bullish scenario. Resistance Level: The high of wave (1) could act as a potential resistance level. A break above this level would strengthen the bullish outlook. Elliott Wave Theory: This analysis is based on Elliott Wave Theory, which posits that financial markets move in predictable patterns. However, it's important to note that Elliott Wave analysis is not infallible, and other factors can influence market movements. Conclusion The current analysis suggests a bullish outlook for EURUSD, assuming the low of wave (4) is not breached. However, it's crucial to remain vigilant and monitor market developments closely. Always conduct thorough research and consider multiple factors before making any trading decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Long
by RK_Chaarts
2
The Large Triple Correction WXYXZ in BTCThe Large Triple Correction WXYXZ in BTC is a formation often used in Elliott Wave Theory to describe a major corrective move. This formation refers to an extended series of sub-waves in a large correction. The general structure consists of five waves: W, X, Y, X, Z, representing a more complex corrective process. The typical behavior is as follows: W: The first corrective wave, usually taking the form of a zigzag or corrective wave. X: The recovery phase of the correction; generally a weak upward movement and often formed with lower volume. Y: The second corrective wave, following the completion of wave W, representing a new downward move. X: The second recovery wave, similar to the first X wave but typically shorter in duration. We are nearing the end of the Large Triple Correction WXYXZ in BTC. After completing the final wave C, I expect a downward turn. Once it reaches the 48-49 level, the long journey may begin.
Short
by kofc
3
Spotting the Trend: The Birth of Wave 3Technical Analysis Using Elliott Wave Principles on exampled chart of SBI Cards (Daily Time Frame) This analysis is for educational purposes only and is not intended as financial or trading advice. Market movements are inherently uncertain, and the analysis is based on one possible interpretation of the Elliott Wave structure. Please consult a financial advisor before making any trading or investment decisions. Introduction to Elliott Wave Principles: Elliott Wave Theory is an analytical framework that helps traders and investors understand market psychology through price movement patterns. The theory suggests that market prices unfold in waves, which are driven by collective investor behavior. The patterns consist of five waves in the direction of the main trend, followed by three corrective waves. Understanding these wave patterns allows us to anticipate future price movements with greater accuracy. Key Elliott Wave Principles: 1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective. 2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend. 3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves. 4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction. Current Elliott Wave Analysis on SBI Cards Wave Structure Overview: - The analysis focuses on the daily time frame of SBI Cards, where we can identify a completed corrective pattern and the beginning of a new impulsive wave structure. Wave Count Details: 1. Primary Count: - The chart indicates the possible completion of Wave ((2)) in black, marked by a complex corrective structure, ending near the 493.30 level. - The price has likely begun unfolding Wave ((i)) of Wave 1 in red of the larger Wave ((3)) in black. 2. Current Daily Structure: - Wave ((2)) seems to have completed with a three-wave corrective move, labeled as A-B-C. The final wave C (marked in red) appears to have ended at 493.30, representing the termination point of Wave ((2)). - Following this, the initial sub-waves of Wave 1 (red) have begun forming, with Wave ((i)) currently unfolding. - The nearest Invalidation Level for this wave count is 647.95. A break below this level would invalidate the current count, requiring a re-evaluation. Wave ((3)) Characteristics and Projections: - Wave ((3)) Characteristics: As per Elliott Wave Theory, Wave ((3)) is often the most dynamic and extended wave, reflecting strong momentum in the direction of the main trend. It’s typically the longest and most powerful of the impulsive waves, often reaching or surpassing the 1.618 Fibonacci extension of Wave ((1)). - Target Levels: For Wave ((3)) in black, potential targets could be calculated using Fibonacci extensions from Wave ((1)) & ((2)), projecting prices towards 161.80%, hear possibility for short to medium term could be 960.00 and beyond if Invalidation level is not Triggered, depending on the strength of the momentum. - Invalidation Level: If the price drops below 647.95, it would invalidate the current wave count, indicating that Wave ((2)) may still be in progress or that an alternative structure is developing. Conclusion: The analysis suggests that SBI Cards may have completed a major corrective wave and is now in the early stages of a new impulsive sequence. The focus should be on the development of Wave ((3)) in black, which has the potential to drive prices significantly higher if the wave count holds true. As always, this educational analysis is not intended as trading advice, and one should consult with a financial advisor before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBICARDEducation
by RK_Chaarts
7
Decoding the Final Wave: An Elliott Wave PerspectiveTechnical Analysis Using Elliott Wave Principles on example of Larsen & Toubro Ltd. (Hourly Time Frame) The analysis presented is purely for educational purposes, demonstrating the application of Elliott Wave Theory. It is not intended as trading or investment advice. Markets are unpredictable, and all analyses have a degree of uncertainty. Introduction to Elliott Wave Principles: Elliott Wave Theory is a powerful tool used by traders and analysts to decipher the underlying structure of market price movements. Developed by Ralph Nelson Elliott, this theory is based on the idea that market prices unfold in specific patterns known as "waves." These waves are driven by collective investor psychology, moving in predictable cycles of optimism and pessimism. The theory is broken down into two main phases: the impulsive phase, which moves in the direction of the main trend, and the corrective phase, which moves against it. Key principles to remember: 1. Wave Structure: An impulsive wave (motive wave) consists of five waves (1-2-3-4-5) in the direction of the trend. A corrective wave is composed of three waves (A-B-C) that move against the trend. 2. Wave Personality: Each wave within the Elliott Wave structure has distinct characteristics. For example, Wave 3 is often the strongest and longest, while Wave 5 tends to be a final push before a trend reversal. 3. Wave Relationships: Fibonacci ratios are frequently observed in wave relationships, providing potential price targets and retracement levels. 4. Validation and Invalidation Levels: These levels help in determining the accuracy of wave counts and projections. If price breaches the invalidation level, the wave count is reassessed. Current Elliott Wave Analysis on Larsen & Toubro Ltd. Upon analyzing the hourly chart of Larsen & Toubro Ltd., we can observe the following wave counts and structures: Wave Structure Overview: - The chart shows a complex corrective structure following a significant impulsive move. The price action seems to be in the final stages of a larger wave pattern. Wave Count Details: 1. Primary Count: - We are potentially in the 5th Wave (red) of the final (5)th Wave (blue) on the daily time frame. - The 5th wave, according to Elliott Wave Theory, often exhibits certain characteristics such as declining momentum, signaling the end of the trend. 2. Current Hourly Structure: - Wave (4) in Blue has been completed at the price level near 3175.05, marking it as the last corrective wave before the final impulsive wave. - The chart illustrates a five-wave sequence emerging from this level, indicative of the development of the 5th wave. - Within this structure, we can identify sub-waves: - Wave 1 peaked around 3720. - Wave 2 retraced back near 3460. - Wave 3 is anticipated to push towards higher levels, with Wave 4 and 5 completing the sequence. Wave 5 Characteristics and Projections: - Wave 5 Characteristics: [/i ] Typically, Wave 5 in a motive wave structure can be either strong and extended or show signs of divergence, where momentum indicators such as RSI or MACD might not confirm new highs. - Projection Target Levels: Based on Fibonacci extensions, potential targets for Wave 5 lie around 4141.30, 4352.60, and even possibly towards 4400.00. - Invalidation Level: If the price breaks below 3175.05, the wave count would be invalidated, necessitating a reassessment of the entire structure. Conclusion: The analysis indicates that Larsen & Toubro Ltd. is in the final stages of a larger wave pattern, specifically the 5th wave of an impulsive sequence. As this wave unfolds, it’s crucial to monitor the target and invalidation levels closely. This educational analysis serves to illustrate the application of Elliott Wave Theory, with no intention of providing trading advice. Always consider consulting with a financial advisor before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:LTEducation
by RK_Chaarts
6