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Wave Analysis

Alikze »» TONCOIN | Corrective scenario of ending wave 3💎 In the daily and weekly time, it is moving in an ascending channel, and currently the current wave of the 3rd ascending wave has started from the bottom of the channel. 💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this correction can continue until the green box area, which is also in the midline of the channel. 💎 Therefore, it is not recommended to buy at the moment and you should wait for the range break to continue the process. 🔔 Scenario 2: otherwise, correction should be seen up to the green box area. In case of a break, this upward trend can continue up to the channel ceiling. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
What`s Your opinion about this?I have been monitoring NIO for a while now.. and I just can`t decide what is happening :) There are so many possibilities @ the moment: 1: We have just finished the ABC correction for the first wave up ? 2: We are creating the 4th wave down in 1-2-3-4-5 ? 3: We have a clear H&S pattern - so the trend could continue downwards ? For me it`s not a buy or sell @ the moment.. it`s make it or break it phase! If You forget all the weekly delivery numbers and all the other shit what`s going on with NIO and look at the chart only from technical perspective then this is what I see. Kind a confused.. others are saying that buy and forget it.. but You can`t forget that we have been lower .. So it`s up 2 You! Good luck to everyone & happy coming holiday`s to everybody :)
NYSE:NIO
by devigriffel
10
EOSE Breakout Eminent Wave Analysis and Current Setup The chart reflects a potential Elliott Wave 5 bullish count: Wave (1): The initial impulse move upward from the recent bottom, Wave (2): A corrective pullback that retraced a portion of Wave (1), forming a higher low, Wave (3): Anticipated continuation of a strong upward move, aiming for Fibonacci extensions around $6.38, $7.06, and $8.16, Wave (4): A projected minor corrective pullback, Wave (5): A final upward push towards the 161.80% Fib Extension at $8.94. The green trajectory outlines this bullish wave setup. Key Support Levels: Immediate Support: $2.39 (50% retracement), Interim Support: $1.71 (23.6% retracement), Major Support: $0.61 (absolute low). Key Resistance Levels: First Resistance: $4.28 (78.6% retracement), Wave Resistance: $6.38 to $8.16 (Fibonacci extensions, critical for Wave 3 completion), Major Resistance: $9.94 (200% Fib extension). RSI and Momentum: RSI: Trending upward at 71.58, suggesting the stock is nearing overbought conditions. However, strong upward momentum could sustain RSI in the 70+ range for longer during Wave 3, MACD: Bullish crossover with strong momentum supporting the uptrend. Volume Trends: Noticeable volume spikes coincide with upward price movement, confirming institutional interest or heavy buying pressure during breakout moves. Market Sentiment: The presence of Fibonacci resistance clusters around $6.38 to $8.94 indicates strong confluence and potential selling zones. Traders might take profits near these levels. Trading Strategy: Current Positioning: A tight risk setup is indicated with a $0.50 stop-loss, providing a favorable risk-reward ratio. Entry Point: Around $3.89, where price currently trades. Profit Targets: Short-term: $4.28 (78.6% retracement), Intermediate-term: $6.38 (123.6% Fib extension), Long-term: $8.94 (161.8% Fib extension). Stop-Loss Placement: Below immediate support near $2.39. Options Play: Consider selling cash-secured puts at $2.50 strike or targeting covered calls near $6-$7 resistance to capitalize on premium. Conclusion: EOSE is exhibiting a textbook Elliott Wave bullish structure supported by Fibonacci extensions and volume confirmation. The setup offers significant upside potential with clear resistance targets while maintaining a manageable risk profile. Traders should monitor RSI and volume for momentum validation during Wave 3’s progression.
NASDAQ:EOSELong
by scotthenderson
1