Downloading...
Download

Wxycorrection

#SUPER New ascending large ABC structureAccording to Elliott Wave Theory, in a WXY correction, the X wave may sometimes form a triangular pattern, but this is uncommon. The X wave is typically a corrective wave and, in most cases, takes the form of a zigzag, flat, or another complex correction. Triangles are usually expanding or contracting and are often seen during market consolidation and when a change of direction is expected. Triangles are generally found in the final wave (such as wave B or wave 4). However, in complex corrections like WXY, a triangular formation within the X wave can occur occasionally, especially when the X wave is undergoing a consolidation phase. In the WXY correction, the X wave typically represents the intermediate correction of the previous move, and a triangular formation may be suitable for this structure, but such a situation requires careful analysis. In the current rise, the X peak is an entry point for a LONG position. An increase towards the C wave of the large ABC structure is observed.
Long
by kofc
Mitsubishi UFJ Financial Group, Inc.MUFG's price has been following a complex corrective pattern (WXY). This correction was confined within a corrective channel. An attempt to break out of this channel to the upside previously failed, indicating ongoing correction. Recently, there has been a breakout above the upper channel line. This breakout suggests that the WXY correction may have completed. However, to confirm the end of the correction and avoid premature conclusions, a level of invalidation is being monitored. If a new correction starts, it could invalidate the previous breakout. It's important to note that Elliott Wave Theory is a complex and subjective method of technical analysis, and different analysts may have varying interpretations of price patterns. Additionally, real-world financial markets are influenced by a multitude of factors, and no analysis method can guarantee future price movements. Traders and investors should use multiple tools and analyses to make informed decisions.
NYSE:MUFG
by imkhushal
ZEE Entertainment Trend AnalysisIndia's largest television network with a presence across 170 nations catering to 1 bn+ people. Sony Pictures Networks India Private Limited & ZEEL merger is expected to be completed by end of 2023. Fundamentals of recent quarters might look shady but post covid the entire industry was affected due to lack of content. Also with consistent revenue the net profit was lowest in FY 2022-23. That is only because of reduced OPM and repayment of defaulted loans availed by Siti Networks since ZEEL was the corporate guarantor. Around 79.5% shareholding is with institutions. Currently price is taking support at key support level at 177. If it breaks, price can fall further towards trendline support around 135. I hope this should not happen. Technically the broader price pattern looks like a cycle degree wxy correction as illustrated in this chart. In that case the possible target is 600+ (near all time high), which also makes sense as it can form a W pattern as per the conventional technical analysis. Around 230% ROI from CMP in about 2 years worth a positional trade in this stock. I have linked my previous chart at the bottom to check the short and mid term targets. Kindly do your own due diligence before taking any action. Peace!!
NSE:ZEELLong
by Swastik24
12
BTC Elliott Wave countBitcoin X wave scenario I want you to keep in mind this scenario. That noise in the middle can be an X wave that is formed also by a wxy corrective pattern. Bitcoin can bounce again 0.618 fib retracement and from here to go up at 0.5 fib retracement of 3rd wave because it didn`t tested. Market can do anything!!! I will keep an eye on the market price action and I will update it. I am updating Bitcoin count at least 5 time per week so subscribe to watch my future counts. If you like my analysis please give it a like. Thanks!
COINBASE:BTCUSD
by Cross10XSignals
2
BTC Elliott Wave countBitcoin Elliott Wave count update Still into the 4th wave, WXY correction pattern. Also I think 4th wave will correct into 0.5 fib retracement of 3rd wave, somewhere at 34200 Changed a little bit things into Y wave. We have a Y wave formed by a zigzag pattern ABC, where B wave is a barrier triangle. (also this triangle can be a X wave if it is an y wave a complex pattern WXY but does not matter) Also we have a barrier triangle wave B from triangle`s zigzag wave D On the long term I am still bearish on BTC I will update Bitcoin count at least twice per week so subscribe to watch my future counts. If you like my analysis please give it a like. Thanks
COINBASE:BTCUSDShort
by Cross10XSignals
BEARS ARE READY TO DIG IN NIFTYIt is a misunderstanding that TA is not worthy for trading. But TA is the only tool available for traders who makes huge profits without any FEAR or HEDGING.(Multiple combination of Calls&Puts) My chart showing that the recovery in NIFTY (wave 'XX'/B) is nearing its completion on 05/01/2022.(as per NEO wave TIME cycle). Bearish TL connecting wave ''B'' and wave ''X'' will give a greater resistence to NIFTY . PUT writers think that new Bull wave started in 2022, but the story is different . As I believe NEO wave analysis strongly, I bet that NIFTY will not make a NEW WAVE rather it will start its bearish trend from 05/01/2022 REMEMBER next is wave ''C'' to resume , Which is a Classic 5 legged Elliott Wave pattern with more price movements ,good for OPTION BUYERS First target of wave''C'' is 16470 (62% OF WAVE ''A'') B SELVAM,BE,MBA OPTION BUYER & COACH
NSE:NIFTYShort
by selvamB
8