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Eliotwave

VIP INDUSTRIES CHARTTechnical Analysis of VIP Industries Chart: Wave Sequence and Current Outlook This research provides a concise overview of the wave sequence observed in the chart of VIP Industries. The analysis covers four waves, detailing their completion points and current status, with a focus on the ongoing Wave 4. The possibility of an "abcde" pattern formation within Wave 4 is highlighted, indicating potential reversal points around the 480-490 level, corresponding to 38.2% of the Wave 3 upward movement. It is crucial to note that the author is not a SEBI registered analyst, and readers are advised to consult their financial advisors for investment-related inquiries. Key Points: Wave Sequence Overview: Wave 1 completed at 36 on 19 Sep 2005. Wave 2 completed around 7/- in Mar 2009. Wave 3 completed around 775 in Apr 2022. Current Status - Wave 4: Wave 4 is currently in progress. The possibility of an abcde pattern is suggested. Anticipated reversal level: 480-490, representing 38.2% of the Wave 3 upward movement. Important Disclaimer: The author is not a SEBI registered analyst. Readers are advised to consult their financial advisors for investment-related Warm regards
NSE:VIPIND
by imkhushal
Third-wave done | Correction wave aheadDaily chart Last my post about GOLD ( OANDA:XAUUSD ) reminded Reversal Pattern and it's completed. Detail: GOLD has broken up and out the neckline to complete the third wave at 1963.735 and it's happening fourth-wave I expect GOLD will down to around 1950 I marked it on chart 4H below Chart 4H TF Gold's in Ascending Channel and done second-wave what's sharp correction wave and fourth-wave I think it will be a combo correction wave based on Elliott Wave theory. Wait and see next move. I'll update
OANDA:XAUUSDShort
by trieutv
Get Ready for a Golden Ride! Buy Signal on Gold Daily Chart 📈The bullish setup on Gold is sparking excitement as price follows a clear Elliott Wave pattern. With the fourth point of the wave in place, it's time to buckle up for the next wave, which could potentially take us to around the 2200 mark. Adding to the bullish sentiment, Gold has been oscillating within an ascending channel in recent weeks, providing further confirmation for this setup. Notably, the RSI indicator is signaling an oversold condition while maintaining an overall uptrend, suggesting an impending bullish impulse. Let's ride the wave and make the most of this glittering market trend! Feel free to share your toughts in the comments section, follow me for updates and dont forget to press the like button if you think this insight was helpful✨🚀💰
TVC:GOLD
by Thomas_Zito
6