Sheela Foam (SFL)The security has been in the bearish trend since Apr 2022.
We expect the security to have reversal from the green box. This is not a buy sell recommendation. Pls ask you financial advisor for any investment or trade.
Elliottwaveforecasts
Unfolding Waves in Chambal Fertilisers: Bullish Path AheadAn analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis.
Weekly Cycle
Wave V: We are observing the unfolding of wave V on the weekly cycle. This wave is showing potential for further upside as the stock completes its final wave in the longer timeframe.
Subdivision of Wave V: Within wave V, the stock has already completed waves (1) and (2), and it is now unfolding wave (3).
Wave (3) of Wave V
Progression within Wave (3): In the ongoing wave (3) of V, we've seen waves 1 through 4 completed, and the current focus is on wave 5 of (3).
Hourly Timeframe
Progression within Wave 5 of (3) of V: In this specific timeframe, wave 5 has already seen the completion of sub-waves ((i)), ((ii)), ((iii)), and nearly all of wave ((iv)). This suggests we are likely at the end of wave ((iv)), poised for wave ((v)).
Elliott Waves Fundamentals
Wave Counts: The stock's progression through each wave provides valuable insights into potential market behavior. The typical characteristics of an impulsive wave, as seen in the unfolding of wave V, include strong, directional movements, which are followed by corrective waves.
It’s essential to apply appropriate risk management techniques, such as setting stop losses, to mitigate potential downsides. Be cautious in managing your exposure and avoid over-leveraging.
This analysis is purely for educational purposes and should not be taken as investment advice. Always conduct your own research and consult a financial professional before making any investment decisions. Remember, market conditions can change rapidly, and past performance does not guarantee future results.
This analysis aims to provide an overview of the potential trajectory of Chambal Fertilisers based on Elliott Waves. It's always important to stay vigilant and adjust your approach as new information becomes available. Happy trading!
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.
SPX has toppedthere is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
Elliott Wave Analysis of HCLTECH: Wave 5 in FocusElliott Wave Analysis of HCLTECH
In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice.
Monthly Time Frame:
Bigger Wave I and II: HCLTECH has completed its Bigger wave I and II on the monthly time frame.
Wave III: The stock is currently unfolding wave III on the monthly time frame.
Weekly Time Frame:
Within wave III, we observe weekly counts unfolding as subdivisions in wave ((1)) & ((2)). The stock is currently in wave ((3)).
Inside wave (3), subdivisions as wave 1-2-3 & 4 have been completed.
Daily Time Frame:
We are now possibly unfolding wave 5, which is a subdivision of wave ((3)).
Wave 4: The daily wave 4 has completed its subdivisions as wave ((w)), ((x)), ((y)), ((x)), and ((z)).
Wave ((i)) of 5: If our assumptions are correct, we have started to unfold wave ((i)) of wave 5.
Key Levels and Risk Management:
Invalidation Level : The low of wave 4 is set at 1435, serving as the invalidation level for going long. This is the stop loss level to be mindful of when entering a trade.
Upside Target : Wave 5 could cross above the highs of wave 3, which is the all-time high at 1697, and more.
Insights:
Confirmation of Trend: Watch for a clear breakout and confirmation of trend to validate the start of wave ((i)) of 5.
Caution: As with any investment, caution should be exercised, and risk management is essential.
Market Behavior: Keep an eye on market behavior and patterns as they unfold to validate the count.
This analysis is intended for educational purposes only and should not be considered a trade or investment tip. Always conduct your own analysis and consult with a professional 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.
EURUSD Selling Pressure ContinuesPrice has been in a bearish trend on EURUSD, but that remains the case. We're currently in a 1-2-3-4-5 impulsive phase. On the intermediate degree wave 3 is sub-divided into an impulse as well which should be the case, which is a minor degree.
On the minor degree, we're in a wave 4 phase and we can expect a wave 5 sells. Remember waves 1 and 4 never overlap and wave 4 often retraces to the 34,8 Fibonacci retracement level. The Wave 5 sell is projected to touch the 2.618 Fib extension on Wave (3).
Hellena | DJI (4H): Long to the resistance area of 38458.Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will mean that the upward movement will start earlier.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to 100% Fibo extension 1.05684.Dear Colleagues, Last week the price fell a lot, which prompted me to revise my wave analysis. Now the price is in a prolonged and complex correction, so I believe that the price will reach the area of 100% Fibonacci extension 1.05684. This will be the completion of small wave "c".
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#ETH seems like is ready for the upside moveAs visible in the chart, we have a well-established bullish trend and market structure in the daily timeframe chart of ETH.
Following the formation of a top on March 12th, 2024, the price initiated a corrective bearish move, corresponding to an ABC zigzag correction and retracing approximately 61.8% from the previous bullish move.
Furthermore, the price has also reached a bullish trendline, which could act as static support.
Additionally, tomorrow, on April 19th, we have the halving event, which has historically brought buying pressure to ETH.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Eat No Ants: Ethena outlookSOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess.
Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up.
ANYWAY
To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you visit their website.
THAT'S WHY
only speculative interest
I assume a diagonal, I also indicated the zone of the maximum correction of wave 2, but I only have a Binance chart, so everything may not go according to plan at all. We are waiting for confirmations, divergences and points to build a channel
SBICARD: Technical Outlook, Breakout & Elliott waves AnalysisCurrent Zoomed view
Daily MACD turned Positive
Trishul Activated in RK-Brahmastra 4Hourly
Breakout
Elliott Wave Analysis of SBICARD (SBICARD)
Overall View
Zoomed View
Overview:
SBICARD has displayed a promising Elliott Wave setup, indicating the potential unfolding of a bullish wave cycle. Recent breakout movements, supported by strong volumes and positive divergences across multiple time frames, suggest a bullish bias. With various technical indicators signaling bullish momentum, the stock appears poised for further upside. However, it's crucial to exercise caution and implement proper risk management strategies.
Detailed Analysis:
Wave Cycle Completion:
On the weekly chart, SBICARD seems to have completed a larger degree wave cycle, consisting of Wave ((1)) and Wave ((2)). This suggests a significant bullish trend underway.
Current Wave Structure:
Presently, the stock appears to be in Wave ((3)), which is typically the strongest and longest wave in Elliott Wave theory.
Within Wave ((3)), we have likely completed one lower degree Wave (1) and Wave (2), indicating the initiation of a new bullish impulse.
Positive Divergences and Breakout:
Multi-time frame positive divergences, combined with a breakout accompanied by substantial volume, support the bullish bias.
Both trend indicators and oscillators across various time frames align with the bullish sentiment, providing further confirmation.
Bullish Signals:
The activation of both Brahmastra and Trishul on the RK-Brahmastra indicator, along with all green signals, indicate strong bullish momentum.
The current price action suggests the unfolding of Wave iii of (i) of ((i)) of 1 of (3), highlighting the potential for significant upward movement.
Price Targets:
If the wave counts align perfectly, SBICARD could target levels near 1050 (Equality of Wave (1)) and 1278 (1.618 Extension of Wave (1)).
Strength above 790 levels could further bolster the bullish outlook.
Risk Management:
It's essential to note the invalidation level at 655 on the lower side. A breach of this level would indicate a potential deviation from the expected wave counts and warrant a reassessment of the bullish scenario.
Traders and investors should prioritize risk management and employ appropriate stop-loss strategies to mitigate potential losses.
Educational Disclaimer:
This analysis is provided for educational purposes only and should not be construed as trading advice or tips. Traders should conduct their own research and consult with financial professionals before making any investment decisions. Proper risk management is crucial in trading, and investors should be aware of the inherent risks involved in the financial markets.
Conclusion:
SBICARD presents an intriguing Elliott Wave setup, indicating the potential for a bullish wave cycle. Positive technical signals, along with strong volume breakout movements, support the bullish bias. However, traders should exercise caution, adhere to risk management principles, and remain vigilant for any changes in the market dynamics.
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.
Hellena | GOLD (4H): Short to support area of 2153.085. Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085.
I expect the 5 wave structure to complete the formation.
Watch for updates of the idea, the price may start moving towards the target, so I do not recommend to consider long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Fortuna Silver Mines (FSM): Mining new OpportunitiesFortuna Silver Mines (FSM): NYSE:FSM
Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should significantly exceed the level of Wave I, well above $9.85. Now, finding a good entry point at Fortuna is important to us. We assume that in the 4-hour chart since Wave II at $2.05, we have developed the subordinate Wave (1) and Wave (2) and are thus in a Wave (3). This should, of course, go significantly above the level of Wave (1) at $4.20. More precisely, we expect a rise to at least $6.06. This is our minimum target for the Wave 3 up to $10.35. However, that is the maximum for us. It could still go further, but realistically, we wouldn't expect that, except in exceptional cases. Currently, we should be in a Wave ((i)) right now, as we likely saw a gap close at the top of Wave ((i)) at just under $3.50. We should now find a retracement between 50% and 78.6%, that is, between $3.06 and $2.81. Afterwards, we should ascend to at least $6.06. However, considering we are in the overarching Wave (3), we should also surpass $10. But of course, that's in a very long-term scenario. In a shorter-term scenario, we expect to reach at least $6.06 relatively quick. We set our stop loss below the level of Wave 2, as a double bottom would still be allowed, i.e., a 100% retracement. However, we aim not to be stopped out. Therefore, we have set our stop loss for Wave ((ii)) below the level of the overarching Wave 2.
Hellena | EUR/USD (4H): Long to resistance area at 1.09819.Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet.
I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to 61.8% Fibo 82.94.Dear Colleagues, I believe that the upward movement is not over yet. At the moment we are witnessing a combined correction and I expect wave B to end at 79.99, after which I expect the upward movement to continue in wave C to the 61.8% Fibonacci extension at 82.94.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Elliott Wave Analysis of ATROAstronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe.
Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching $20.35, which was labeled as wave ((iii)).
Currently, the stock is believed to be in wave ((iv)), which is expected to consist of three subdivisions: (w), (x), and (y). As of now, we are unfolding wave (y) within wave ((iv)). This wave (y) is further subdivided into wave a, wave b, and the ongoing wave c which can go still lower.
Once wave ((iv)) completes its formation, the expectation is for a rally to the upside, signaling the beginning of wave ((v)). This wave ((v)) has the potential to surpass the high of wave ((iii)), indicating a continuation of the bullish trend.
However, it's important to note that the validity of this wave count may be challenged if the price drops below the $16 level. This would invalidate the current wave count and necessitate a reevaluation of the analysis.
Traders and investors should exercise caution and consider risk management strategies when making decisions based on Elliott Wave Theory, as market movements may deviate from the expected patterns.
Please keep in mind that this analysis is based on historical price data and patterns, and actual market behavior may vary. Always conduct thorough research and analysis before making 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.
GALA Primed For More Upside In Crypto - How To Buy The DipsThis current dip on GALA will be the last best buying opportunity for it's current trend.
Crypto is famous for running flat corrections that make higher highs and higher lows. In fact, it's the most popular type of correction in all bull markets.
These types of corrections leave traders chasing after price as they are uninformed on how to take advantage of them.
In this video, I share how to buy the dips on GALA starting with this one. I share two trade setups with two different strategies and clear step by step conditions that need to get met in order to execute this trade.
Let me know in the comments if you agree or disagree with the upside I'm projecting. Do you think these trades will work out?
Follow if you want to make 2024 your most transformational year in the crypto markets. I'll take you by the hand in these Tradingview updates.
I've been trading in crypto full time for over 6 years since 2017 and I've thrived through every bull market, outperforming bitcoin's performance every time. This bull market will be the same.
But..
It's going to take strategic navigation of shifting between crypto's and some diversification.
I leverage expert research companies to feed me the next best projects coming out and then I overlay my technical system to the charts to time my entries, manage my risk, and maximize my profits.
Join me in making 2024 another life changing year!
Nvidia may have finally topped in Primary wave 3Off the Friday reversal (which was stunning over 100 points in range) I can now count 5 waves down in the micro timeframes. Whether this is a wave 1 or just an a-wave, we should get a retrace slightly higher before descending in a wave 3 or c-wave.
On any descent, Nvidia needs to hold $770. A breach of $770 brings $647 into view. I am currently
Best to all,
Chris
EURUSD likely to move from Uncertainty to OpportunityHello Traders,
It's good to be back to posting my analysis after a short break.
Here is my outlook on the EURUSD currency pair.
The directional movement of EURUSD is quite unclear. Recently, we have seen price encountered difficulty in closing above the previously established local maximum at 1.08058 in close proximity to the 800EMA, which serves as a dynamic resistance. Upon revisiting this level, a negative reaction occurred in the form of a pullback.
The current level is well-defined, and the breach of both this level and the 800EMA constitutes a strong signal for active buying. Until such a development occurs, the corrective structure may persist.
This current structure could also be viewed as a 1-2 wave structure within a broader wave . As such, this nested structure holds the potential to evolve into a considerably prolonged upward impulse.
In the prevailing circumstances, a breakout beyond the 1.08060 level would signal buying opportunities. The initial target is the 1.08640 level, acting as the center of gravity, and a successful breakout beyond this level is expected to push the price towards 1.0925 and 1.0986, respectively.
Cheers and Happy trading!
GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)).
Wave 4 Overview:
Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)).
Key Support Levels:
Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)).
EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe.
Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone.
Anticipated Reversal and Targets:
With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels.
Invalidation and Risk Management:
To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements.
Wave 5 Insights:
Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision.
Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements.
Happy Learnings!
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.
The unstoppable GOLDUS$ weakness fuels GOLD to move up.
GOLD futures are in wave 'C' of ABC recovery wave.
BTC 10-year rough estimate EW & FibAnything's possible when you're working with a finite asset in a world where:
Inflation is constantly rising and multiple fiat currencies continue to fail.
New sources for rare earth elements and precious metals are constantly being discovered.
The overall output of society continues to rise.
This is a (very) rough estimate based on Elliot Wave Principle and Fibonacci (price & time) retracements/extensions.
TIA - Celestia Incoming Rejection - Buy Opportunity Inbound!I believe Celestia sweeping the ATH (all time highs) will result in a rejection from the famous expanded B pocket at 21.5 USD. This in the macro scale is very bullish type of pattern so the C wave would be seen as a good buying opportunity for the start of the 3rd macro wave, the most bullish wave of an impulse.
Lots of money to be made in that wave, and the C wave pullback is the last buying opportunity for it.
How do you plan on navigating this? Will you buy more on the pullback or do you not have any TIA? Let me know in the comments.
-NewWave Traders
If crude oil breaks down then USD can stop at resistanceHey guys,
Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance.
In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than rally back to 5%.
Hope you will enjoy the content.
Grega
