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Wave3

Potential Reversal Ahead: Elliott Wave AnalysisHello friends, Welcome to RK_Chaarts, Today we're going to analyze chart of stock named IDFC First Bank, based on Elliott wave theory. Today, we're analyzing the chart of IDFC First Bank using Elliott Wave theory. On the chart, we've marked the Elliott Waves, indicating that: - Red wave 1 and 2 (Minor degree) have ended - Price is unfolding into red wave 3 (Minor degree) - Black wave ((i)) and ((ii)) (Minute degree) have completed - Black wave ((iii)) (Minute degree) is ongoing - Blue wave (i) and (ii) (Minuette degree) have finished - Blue wave (iii) (Minuette degree) is in progress - Red wave i, ii, and iii (Subminuette degree) have completed - Possibly in the correction phase of red wave iv (Subminuette degree) We observe that the price gapped up, retraced to correct wave iv, and is now supported by the gap zone. Along with 200Exponential Moving Average is also at Gap level which can also provide a good Support to same view. Our estimate suggests a high probability of a price reversal. However, market uncertainties exist. Potential price targets: 81, 93, and 100+ Nearest invalidation level: 73.09 (wave iv should not overlap wave i) Please note that this analysis is for educational purposes only. I'm not a SEBI-registered analyst, and you should consult your financial advisor before trading or investing. Let's see how the market unfolds. This entire study is shared solely for educational purposes. Thank you so much. 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_Chaarts 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_Chaarts 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:IDFCFIRSTBLong
by RK_Chaarts
KSMUSDT D – Start of Wave 3? After a clear 5-wave impulsive move up, KSMUSDT seems to have completed a deep ABC correction, potentially marking the end of Wave 2. 📉 Wave 1: We had a clean five-wave move from the bottom, which fits classic Elliott Wave structure. 📉 Wave 2: The correction that followed was much deeper than the ideal Fibonacci retracement zone. However, crucially, it never violated the low of Wave 1, which means it still holds valid under Elliott Wave rules. The correction unfolded as a textbook ABC pattern, with Wave C digging deep into the previous structure — showing panic selloff and possibly a final capitulation. 🔄 Key Development Now: The resistance trendline of the correction has just been broken, suggesting potential momentum shift. This could mark the beginning of Wave 3, which is typically the strongest and most impulsive wave in Elliott Wave theory. 📈 Potential Target for Wave 3: Around the 39.5.80–42.00 area based on Fibonacci projections, but this is an early assumption and requires confirmation by price action and volume. ⚠️ Important Risk Note: Despite this bullish technical setup, the current market remains risky. The bounce is fresh, and confirmation is still lacking. There's still the possibility of a deeper retest or invalidation of this count if price closes below the base of Wave 1. 🧠 Trade Plan: - Wait for follow-through confirmation. - Manage risk carefully — this is an early entry scenario. - A stop below the recent low (~11.30) would be logical for this wave count. 📊 What do you think? Is this the beginning of a powerful Wave 3, or just another fakeout? 💬 Drop your thoughts or alternate wave counts in the comments!
by TheWaveHunter
EUR/USD 1H AnalysisWhat we’ve got here on EUR/USD looks like a clean Elliott Wave setup shaping up. There’s a strong 5-wave move up that likely forms Wave 1, followed by a simple ABC correction — that gives us Wave 2. Now price is reacting from that C point, and this could be the beginning of Wave 3, which is usually the most powerful part of the trend. 🟩 Entry Zone: 1.114 – 1.12 🎯 TP: 1.14 🛑 SL: 1.109 ⚖️ Risk/Reward Ratio: 1:3 💡 Note: Always manage your risk and confirm with your own analysis before entering any trade. Keep an eye on it — could be a solid setup if it confirms. Drop your thoughts if you're trading this too 👇
by TheWaveHunter
1
C98/USDT 15M ANALYSISHey Traders! 👋 I'm tracking a potential impulsive Elliott Wave structure on C98/USDT. 📈 Wave Count So Far: - We completed a clean 5-wave impulsive move up — labeled i through v. - This was followed by a classic zigzag (ABC) correction, forming what looks like a textbook Wave 2. - The corrective structure appears complete, and price is now holding above key support. 🔍 Current Expectation: I'm now looking for Wave 3 to unfold, which typically brings the strongest momentum in the Elliott Wave sequence. Trade Setup: 🟢 Entry Zone: 0.06 – 0.0615 🔴 Stop Loss: 0.05923 🎯 Target Price: 0.0652 💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
by TheWaveHunter
Elliot waves meets Fibonacci [Educational]Hello everyone, today I like to share how I use elliot waves combined with fibonacci to analyze the market. The standard rules are: - Wave 2 can now be lower then the start of wave 1 - Wave 3 should be the longest - Wave 4 should not breach the high of wave 1 But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.
BITFINEX:BTCUSDEducation
by Kyrean
7
WBD bottoming in process, turnaround soon? Target 70 USD +Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow route is the alternative route for now, which highlights one more bigger swing lows arriving (and that currently we might be in yellow wavecounts, where price action SHOULD hold the 8.30-8.40 USD mark and not break below comfortably. (Secondary scenario) Primary scenario where I watching primary a bottoming process is the white route where the white big wave (2) is already in at ~8.80 USD. As the weekly and daily MACD/RSI showing bullish divergence, and also the runup having clearly impulsive characteristic from that bottom, I am leaning towards this scenario. Be aware, yellow is still not invalidated though. I am re-publishing the idea, since the previous one got flagged for house-rule-violation.
NASDAQ:WBDLong
by tommtajlor
29
Elliott Wave Outlook for RELIANCETechnical Analysis of Reliance Industries (RELIANCE) based on Elliott Waves This analysis is based on Elliott Wave Theory and is for educational purposes only. It does not constitute financial advice. Investing involves risk, and past performance is not indicative of future results. Always consult with a financial advisor before making any investment decisions. Elliott Wave Analysis The provided chart of Reliance Industries (RELIANCE) outlines a potential Elliott Wave pattern within a 1-hour timeframe. Elliott Wave Theory suggests that financial markets move in predictable and repeatedly patterns based on investor psychology. Key Observations: 1. Impulse Wave: The primary uptrend appears to be an impulse wave, a five-wave structure. Wave 1: The initial uptrend from the low point. Wave 2: A minor correction or pullback. Wave 3: A strong extension of the uptrend. Wave 4: A smaller correction. Wave 5: The final wave of the impulse, often ending with a climactic price movement. 2. Corrective Wave: The current downward movement was a zigzag corrective pattern. Wave A: The initial decline. Wave B: A minor retracement. Wave C: The expected continuation of the downward trend. Potential Scenario: If the current corrective pattern zigzag finishes here or near, then further wave ((3)) is to start post completion of wave (C) of ((2)), and it would not go sudden upside, because any impulse wave unfolds in five subdivisions, so wave (1) of wave ((3)) can start any time post completion of wave (C) of wave ((2)). Note: This analysis is based on a specific interpretation of the Elliott Wave pattern. Other analysts might have different interpretations. It's crucial to use multiple tools and indicators to confirm your analysis. Additional Considerations: Fundamental Analysis: Consider factors like company earnings, industry trends, and economic indicators to support your technical analysis. Risk Management: Always use stop-loss orders to limit your potential losses. Diversification: Don't put all your eggs in one basket. Diversify your investments across different assets. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in 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.
NSE:RELIANCELong
by RK_Chaarts
MARA Bullish Outlook: Elliott WavesTechnical Analysis of MARA Based on Elliott Waves. The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any investment decisions. Key Observations from the Chart - Elliott Wave Theory: The chart appears to be using Elliott Wave Theory to identify potential future trends. Elliott Wave Theory suggests that markets move in predictable patterns, often referred to as "waves." - Uptrend: The overall trend of the chart seems to be bullish, indicating a potential uptrend. - Invalidation Level: A horizontal line is drawn at the bottom, labeled "Invalidation Level." This level could serve as a support level, and if the price breaks below it, the bullish outlook might be invalidated. - Pattern Recognition: The chart seems to be suggesting a potential "5-wave impulse" pattern, which is often associated with an uptrend. - Price Action: The price has recently shown a pullback, which could be a healthy correction within the larger uptrend. Potential Outlook Based on these observations, the chart suggests a bullish outlook for MARA. If the price can hold above the "Invalidation Level" and continue to follow the Elliott Wave pattern, there is a potential for further upward movement. However, it's important to note that technical analysis is not foolproof. Market conditions can change rapidly, and unexpected events can affect the price. Always stay informed about the company's fundamentals, industry trends, and broader market conditions. Next Steps 1. Monitor Price Action: Keep an eye on the price in relation to the "Invalidation Level" and the Elliott Wave pattern. 2. Consider Other Indicators: Combine technical analysis with fundamental analysis to get a more complete picture of the company. 3. Risk Management: Implement risk management strategies, such as stop-loss orders, to protect your investments. 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.
NASDAQ:MARALong
by RK_Chaarts
2
XLE: Rising Wave PatternTechnical analysis chart of the Energy Select Sector SPDR Fund (XLE), with Elliott wave analysis overlaid. Let's break down the analysis based on the chart and labels: Overall Analysis: The chart suggests a bullish trend for XLE, based on the Elliott wave structure. It indicates that we have completed wave ((4)) of wave V and are now in the unfolding wave ((5)). Within wave ((5)), we have started wave (1), and are currently in wave (3) of (1). Wave Counts and Labels: V Red: This represents the fifth and final wave of a larger Elliott wave pattern. ((4)) Black: The fourth corrective wave within V. ((5)) Black: The fifth and final impulsive wave within V. (1) Blue: The first impulsive wave within ((5)). 1 Red: The first wave within (1). 2 Red: The second corrective wave within (1). 3 Red: The third impulsive wave within (1) (currently unfolding). Price Projection and Invalidation as per Waves: Bullish Projection: The chart suggests a potential target of 105 for wave ((5)). Invalidation Level: A break below 83.02 would invalidate the current bullish analysis. Educational Notes: Elliott wave theory is a technical analysis tool that identifies patterns in price movements based on a series of five waves. Impulsive waves (1, 3, 5) move in the direction of the overall trend, while corrective waves (2, 4) move in the opposite direction. Wave labels use brackets to indicate different levels of analysis. For example, ((5)) is a larger wave than (1). Colors are often used to visually differentiate between different waves and patterns. 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.
AMEX:XLELong
by RK_Chaarts