Wave Analysis

Trading Masterclass #1 Institutional trading means trading like hedge funds, banks, prop firms, and professional desks. They do not trade based on emotions, random tips, or gambling. They use systems, probabilities, risk control, position sizing, discipline, and psychology. Retail traders often lose because they focus only on “entry.” Institutions focus on: Risk Management Capital Protection Position Sizing Probability Psychology Consistency Repeatable Edge

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by Knowledgehub

Global Financial Markets Global financial markets are systems where people, companies, and governments buy and sell financial assets across the world. They help move money from those who have extra funds to those who need funds. Main Types of Global Financial Markets: Stock Markets – Buying and selling shares of companies (e.g., NYSE, NSE). Bond Markets – Governments and companies borrow money by issuing bonds. Foreign Exchange (Forex) Markets – Trading currencies like USD, EUR, INR. Commodity Markets – Trading gold, oil, wheat, etc. Money Markets – Short-term borrowing and lending. Derivatives Markets – Contracts based on assets like stocks or currencies. Importance: Provide funds for business growth Support international trade Create investment opportunities Help manage financial risks Affect global economies Example: If the US stock market falls sharply, markets in Asia and Europe may also be affected because markets are connected globally.

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by Knowledgehub

Institution Option Trading PCR (Put-Call Ratio) – Institutional Trading Strategy What is PCR? PCR = Put OI ÷ Call OI It shows market sentiment of big players in indices like NIFTY 50. Institutional Psychology 2. How Big Players Use PCR Retail buys options randomly Institutions control PCR zones to trap traders 👉 You follow PCR = You follow smart money 📈 PCR Levels (Game Changer) 3. Key Zones PCR < 0.7 → Bearish sentiment (too many Calls) → ⚠️ Reversal possible PCR 0.7 – 1 → Neutral zone PCR > 1.2 → Bullish sentiment (too many Puts) → ⚠️ Reversal possible 👉 Extreme PCR = Trap zone (Institutional move coming)

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by Knowledgehub

Reliance - Potential completion of Wave C - Buy In my earlier post on Reliance dated 23 Jan 2026, I had recommended not to take any fresh positions on the stock considering that it has completed an impulse wave. The nature of correction was not know then. The stock underwent larger correction in the form a Zigzag correcting over 22% from its peak. Zigzag is one of the three primary corrective wave structures with a 5-3-5 sequence. Why is it a buy now? Wave A of Zigzag (5-wave sequence) Wave A happened to be a wave 1 extension wherein W3 and W5 concluded within a length of 78.6% of W1 on 11 June 2026. Incidentally the stock tried to complete the wave at 61.8% of the length, however wave conclusion did not happen. Wave A correction happened over 157 days. Wave A was a larger zigzag which retraced more than 61.8% of the impulse. Since Wave A was larger one may expect Wave C to be smaller. Wave B was a three wave sequence and ended on 20 July 2026 Wave C (5-wave sequence) Wave C possibly concluded today as a smaller 5-wave sequence and made a lower /equal low than Wave A with a huge RSI divergence and stock staged a good recovery from its lows. Based on above, there is a good possibility that stock has concluded its correction. One may consider going long on the stock with a stop loss of 1249, i.e. below today’s low.

by ChartTheWave

Reliance Industries – Elliott Wave Perspective (Daily)Reliance Industries continues to trade within its higher-degree Wave 3 (Cycle / Primary degree). Intermediate degree Wave (3) of this larger degree Wave 3 was completed on 8 July 2024, followed by a corrective Wave (4) that ended on 7 April 2025. Since then, the stock has been unfolding a new impulsive structure, which now shows signs of completion. There is a high probability that Wave 5 of this new impulse has ended, based on the following observations: Wave 1 unfolded as a simple two-candle sequence, followed by Wave 2, which retraced approximately 35%. Wave 3 was an extended five-wave structure and concluded on 9 July 2025, reaching 4.414× the length of Wave 1. The subsequent Wave 4 formed a zigzag correction, retracing nearly 50% of Wave 3, and ended on 1 September 2025. Wave 5 again unfolded as a five-wave structure and terminated on 5 January 2026, precisely near the 61.8% retracement of the entire Wave (1–3). Notably, this impulse has peaked at levels similar to the 8 July 2024 high (Intermediate degree Wave 3). Additionally, the stock has now achieved roughly 2× the length of Intermediate Wave 1, further supporting the possibility of intermediate-degree Wave 3 exhaustion. With the stock now undergoing a correction — the exact structure of which is yet to be identified — risk remains elevated. Also, stock has not met earnings estimates for last 2 quarters. Conclusion: Until the ongoing correction completes and a clearer structure emerges, it may be prudent to avoid initiating fresh positions.

by ChartTheWave

XAUUSD – Gold Pulls Back, But The Weekly Recovery Is Not Over XAUUSD – Gold Pulls Back, But The Weekly Recovery Is Not Over Yet Gold is pulling back after a strong rejection from the recent high. Price is currently trading around 4,038 after losing momentum from the upper area near 4,160. Sellers have clearly regained short-term control, and the chart is now testing whether this decline is only a correction or the start of a deeper bearish continuation. The important point is simple: gold is still above the key buy order Fibonacci zone around 4,007. As long as this area holds, buyers still have a chance to defend the weekly recovery. FUNDAMENTAL ANALYSIS Gold is trading softer after dropping from its near two-week high, while the U.S. dollar also remains under pressure due to tariff concerns and profit-taking. However, sellers have regained short-term control after the recent bearish breakdown signal, and weaker RSI on the daily chart shows that momentum has cooled. Even with the pullback, gold is still on track for its first weekly gain after three weeks of losses. This makes today’s closing area very important. TECHNICAL ANALYSIS – SMC + FIBONACCI From an SMC perspective, gold has reacted strongly from the upper zone and created a clear downside move. The market broke below the short-term rising structure, showing that buyers lost control after the recent recovery. The current sell order support zone around 4,044 is now acting as the first resistance. If price fails to reclaim this level, sellers may continue to pressure gold lower. Below price, the key area is the buy order Fibonacci and liquidity zone around 4,007. This is the main decision zone on the chart. If buyers defend this level, gold may create a recovery back toward 4,044 and possibly the weekly candle closing target around 4,086. The 4,086 area is important because it represents the weekly closing target and short-term recovery resistance. A clean move back above 4,044 would make this target more realistic. But if gold breaks below 4,007 with strong momentum, the weekly recovery weakens and sellers may continue pushing price toward lower liquidity. KEY PRICE ZONES Current price: 4,038 Sell order support zone: 4,044 Buy order Fibonacci / liquidity zone: 4,007 Weekly candle closing target: 4,086 Short-term resistance: 4,044 – 4,086 Lower support if 4,007 fails: 3,980 – 3,960 Bullish recovery valid: Above 4,007 Bearish pressure remains: Below 4,044 Invalidation for recovery view: Below 4,007 TRADING SCENARIOS Buy Scenario Buy Zone: 4,007 Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH from the buy order Fibonacci zone SL: Below 4,007 or below the nearest swing low TP1: 4,044 TP2: 4,086 Breakout Buy Condition: Break and hold above 4,044 Target: 4,086 Sell Scenario Sell Zone: 4,044 Entry: Bearish rejection, failed reclaim, or lower-timeframe bearish CHoCH SL: Above 4,086 TP1: 4,007 TP2: 3,980 – 3,960 Breakdown Sell Condition: Clean break below 4,007 Target: 3,980 – 3,960 MY VIEW Gold is under short-term selling pressure, but the weekly recovery is not fully broken yet. The chart is now sitting between two important levels: 4,044 above and 4,007 below. If buyers defend 4,007, gold may still recover toward 4,086 before the weekly close. But if price rejects from 4,044 or breaks below 4,007, sellers may take control again. For me, this is a decision-zone chart. I do not want to chase the middle. I want to see whether gold can reclaim 4,044, or whether sellers push it back into the 4,007 liquidity zone. Do you think gold will defend 4,007 and recover toward 4,086, or will sellers break the weekly support?

by Hannah_Marland

XAUUSD: Wave 5 Selling Targets 3,993 Gold is still trading under bearish pressure after breaking below the previous uptrend trendline. From Kelly’s view, the current structure suggests that the market may still be moving inside a bearish Elliott Wave sequence, with wave 5 aiming towards the lower Fibonacci target area. The key idea is simple: gold may rebound slightly first, but as long as price stays below the sell zone and strong liquidity resistance, the downside structure remains active. ⟡ Market structure The chart shows gold completed a strong recovery earlier, but that bullish structure weakened after price rejected from the upper area and broke below the rising trendline. After the breakdown, gold created a clear bearish sequence with lower highs and lower lows. Price is now trading around 4,026, sitting directly under the 4,028–4,032 sell zone. This area is important because it may act as the wave 4 retest before wave 5 continues lower. If sellers defend this zone, gold may rotate back towards the 4,000 support, then the 3,993 Fibonacci 2.618 target zone. The strong liquidity zone around 4,045–4,052 is the key resistance above. If gold cannot reclaim this area, the bearish wave structure remains in control. ➤ Key levels ◌ 4,028–4,032: sell zone and wave 4 retest area ◌ 4,045–4,052: strong liquidity resistance ◌ 4,026: current price reaction area ◌ 4,000: first support and downside checkpoint ◌ 3,990–3,995: Fibonacci 2.618 target / possible wave 5 end ◌ Above 4,052: area where the bearish setup starts to weaken ⌁ Elliott Wave view From an Elliott Wave perspective, gold appears to be developing the final bearish leg of a 5-wave decline. Wave 1 started after price lost bullish momentum from the upper area. Wave 2 created a corrective rebound but failed to change the structure. Wave 3 delivered the stronger bearish push below the trendline. Wave 4 may now be forming around the 4,028–4,032 sell zone. If this zone holds, wave 5 may continue lower towards 3,990–3,995. The Fibonacci 2.618 level near 3,993 is important because it aligns with the projected wave 5 completion zone. This makes the lower support area a key target for sellers, but also a zone where a short-term reaction may appear. ▸ Trading scenario Preferred scenario: wait for price to retest the sell zone and show bearish confirmation. Sell zone: 4,028–4,032 if rejection appears Stop loss: above 4,052 or above the confirmed rejection high Take profit 1: 4,000 Take profit 2: 3,993 Take profit 3: 3,980 if wave 5 extends strongly Alternative scenario: if gold breaks above 4,052 and holds with strong acceptance, the bearish wave 5 setup weakens. In that case, price may move into a larger corrective recovery before the next structure becomes clear. ⌁ Kelly’s view For Kelly, this is still a bearish Elliott Wave setup. Gold has already broken the uptrend line, and the recovery attempts are still happening below resistance. The cleanest plan is to wait for price reaction around 4,028–4,032. If sellers defend this zone, the next move may continue towards the Fibonacci wave 5 target near 3,993. Gold remains weak below the sell zone. If resistance holds, wave 5 may continue lower before a stronger reaction appears. Share your view below.

by Kelly_Koou_Gold

XAUUSD (H1) | Gold Coils Below $4,080 Resistance Weekly Close Shakeout or Pre-FOMC Bear Trap? The Gold market (XAUUSD) enters a highly anticipated Friday session under tight technical compression as market participants prepare for the upcoming weekly close. With the crucial US Federal Reserve policy decision looming next week, institutional desks (Smart Money) are actively de-risking and rebalancing positions. Fundamentally, the intraday order flow is guided by automated trading algorithms capitalizing on pre-FOMC positioning. As broader macroeconomic uncertainty keeps volatility compressed, gold remains structurally capped beneath major overhead supply layers. Unless safe-haven buyers force a decisive breakout above key technical pivots, the path of least resistance favors a targeted liquidity sweep to rebalance lower structural inefficiencies before the weekend. Analyzing the H1 market geometry, the key coordinates to track for today's session include: Major Overhead Resistance: 4,080.000 – 4,120.000 – Premium supply confluence zone and dynamic channel ceiling. This acts as the primary invalidation threshold for short-term bears. Immediate Trading Pivot: 4,020.000 – 4,040.000 – Near-term horizontal checkpoint where high-frequency algorithms are executing intraday order-matching. Major Liquidity Target (Demand Floor): 3,940.000 – 3,960.000 – Major institutional accumulation floor and structural liquidity pool containing resting buy-limit clusters. Will algorithmic sellers force a clean Friday flush toward the $3,940 demand floor, or will pre-weekend short-covering spark an unexpected squeeze back above $4,080? The Bearish Case (Sellers): The H1 bearish order flow remains structurally dominant beneath the $4,080 resistance. With traders de-risking ahead of next week's Fed meeting, buyers lack the aggressive volume to break dynamic ceilings. A puncture below $4,020 will trigger stop-loss cascades, driving a swift capitulation sweep straight into the $3,940 demand matrix. The Bullish Case (Buyers): Shorting at the bottom of a compressed range ahead of the weekly close is a high-risk trap. The $3,940 – $4,000 zone represents a heavily defended institutional discount floor. If buyers absorb intraday supply and print a lower-timeframe Change of Character (CHOCH) above $4,040, a sharp V-shaped short-squeeze will catch breakout sellers off guard. 💬 What is your execution playbook for today's Friday close? Are you shorting the resistance retest or waiting to buy the extreme liquidity sweep? Share your charts below!

by CaptionGold_Trader

AXISBANK Support Levels S1: ₹1,242 S2: ₹1,228 S3: ₹1,207 (major support) Resistance Levels R1: ₹1,277 R2: ₹1,298 R3: ₹1,312 (major resistance) Trading View Bullish above ₹1,277: Momentum can extend towards ₹1,298–1,312. Bearish below ₹1,242: Selling pressure may push the stock towards ₹1,228 and then ₹1,207. Best swing buying zone: Around ₹1,228–1,242, provided price shows a bullish reversal. Strong breakout confirmation: Sustained close above ₹1,312. Recent market action has been weak after quarterly results, so watch for confirmation before taking fresh long positions.

by GlobalWolfStreet

Bharti Airtel Support Levels S1: ₹1,920–1,930 S2: ₹1,890–1,900 Strong Support: ₹1,850 Resistance Levels R1: ₹1,960–1,980 R2: ₹2,010–2,030 Major Resistance: ₹2,100 Trading View Bullish above: ₹1,980 (can open the way towards ₹2,030–2,100) Bearish below: ₹1,900 (next downside zone around ₹1,850) If you're trading intraday, keep an eye on ₹1,930 as immediate support and ₹1,960 as the first hurdle.

by GlobalWolfStreet

Reliance Industries Support S1: ₹1,270 S2: ₹1,250 S3: ₹1,220 Resistance R1: ₹1,300 R2: ₹1,325 R3: ₹1,360 Trading View Bullish Scenario Sustained move above ₹1,300 can target ₹1,325 → ₹1,360. A breakout above ₹1,360 would improve the medium-term trend. Bearish Scenario A close below ₹1,270 may lead to ₹1,250, followed by ₹1,220 if selling pressure continues. Trading Bias Short-term: Bearish to Neutral Swing: Wait for a breakout above ₹1,300 or a reversal from ₹1,250–1,270 before considering fresh long positions.

by GlobalWolfStreet

Genus Power = Buy Genus Power completed its long correction during March 2026 and formed its first lower degree impulse wave as a W1 extension completing same @ 78.6% of Wave 1. Stock underwent a swift correction and took support at Wave 2 area as given in the chart which incidentally is a 50% retracement. Stock has started moving up. One may consider buying the stock with a stop loss below 279. It is a good stock to hold for medium term.

by ChartTheWave

XAGUSD (4H) – Bearish Continuation Pattern & Key Retest Setup Silver (XAGUSD) 4-Hour Technical Analysis 🥈📉 On the 4-hour chart, XAGUSD is currently trading inside a clear descending channel structure following a major drop from the 71.475 peak. Price recently reacted from the upper boundary of this channel and is showing signs of bearish continuation. Key Technical Highlights: Descending Channel: Price continues to form lower highs and lower lows within a well-defined downward channel. Fibonacci Retracement: The recent pullback aligned with internal correction levels, rejecting near the upper trendline resistance. Bearish Structure: The current price action indicates a minor bounce/retest followed by a expansion toward lower key support zones. Target Support Zone: Expecting price to push down toward the 54.710 area to sweep liquidity near the previous low levels. 🎯 Key Levels to Watch: Immediate Resistance: Upper Channel Boundary (~$60.00) Main Target / Support Area: $54.710 ⚠️ Disclaimer: This analysis is provided for educational purposes only. Always manage your risk according to your strategy

by zatarbfabussik

Nifty : Intraday Trading Plan: 24-Jul-2026 Date: 24th July 2026 Instrument: Nifty 50 Index Timeframe: 15 Minutes Current Close: 23,872.20 Overall Nifty Trend & Market Sentiment The Nifty 50 has been witnessing a corrective phase from the recent swing high of 24,350. The price action shows a series of lower highs and lower lows, indicating a short-term Bearish Bias. However, the market is currently consolidating in a critical zone. Primary Trend: Bearish (Correction from highs). Intraday Bias: Neutral to Bearish (until 23,911 is crossed). Key Observation: The market is currently sitting inside a "No Trade Zone" (23,835 - 23,911). This is a decision-making area. 🗺️ Key Levels to Watch 🔴 Major Resistance: 24,247.00 🔴 Last Intraday Resistance: 24,087.00 Opening Resistance: 23,911.00 🟠 Opening Support: 23,835.00 🔵 Last Intraday Support Zone: 23,609 - 23,650 🚀 Scenario 1: Gap Up Opening (100+ Points) (Expected Open: ~23,975 or higher) If Nifty opens with a strong Gap Up above 23,972, it immediately clears the "Opening Resistance" of 23,911. This invalidates the immediate bearish structure and suggests strong buying interest. Action: Bullish / Long Side (Green Line) 🟢 Plan: Wait for the first 15-minute candle to settle. If the price sustains above 23,911, look for Call (CE) buying opportunities. Target 1: 24,087 (Last Intraday Resistance). Target 2: 24,247 (Major Resistance). Stop Loss: Strict SL below the Opening Resistance (23,911). Chart Logic: Follow the Solid Green Line. If the market faces rejection at 24,087, watch the Dashed Green Line which indicates a potential pullback or consolidation before the next move. ⚖️ Scenario 2: Flat Opening (Inside No Trade Zone) (Expected Open: Between 23,835 and 23,911) This is the most critical scenario. The market opens right inside the grey box labeled "No Trade Zone". This indicates indecision and a battle between buyers and sellers. Action: No Trade / Sideways (Orange Line) 🟠 Plan: Do not trade inside this zone. Option buyers will suffer from Theta Decay (time value loss) here. Bullish Trigger: Wait for a 15-min candle close above 23,911. Then go Long. Bearish Trigger: Wait for a 15-min candle close below 23,835. Then go Short. Chart Logic: The Orange Line/Zone represents the "No Trade" area. The Dashed Orange Line shows that even if it moves up to 24,000, it might face selling pressure and come back down (uncertainty). 📉 Scenario 3: Gap Down Opening (100+ Points) (Expected Open: ~23,770 or lower) If Nifty opens with a significant Gap Down below 23,772, it breaks the "Opening Support" of 23,835. This confirms the continuation of the bearish trend. Action: Bearish / Short Side (Red Line) Plan: Wait for a pullback to retest 23,835 as resistance. If rejected, enter Short (PE buying). Target 1: 23,700 (Psychological support). Target 2: 23,609 - 23,650 (Last Intraday Support Zone). Stop Loss: Above the Opening Support (23,835). Chart Logic: Follow the Solid Red Line. The Dashed Teal/Green Line at the bottom indicates that once the price hits the support zone (23,609), a reversal or bounce is possible, so book profits there. 🎓 Educational Insight: Understanding the Chart Lines 🟠 Orange Line/Zone: Represents the "No Trade Zone". In trading, consolidation zones are dangerous for option buyers. The market lacks direction here. 🟢 Green Line: Indicates a Bullish/Long trend. When price breaks resistance, momentum shifts upward. 🔴 Red Line: Indicates a Bearish/Short trend. When price breaks support, panic selling or profit booking ensues. 〰️ Dashed Lines: These indicate "Maybe" or Uncertainty. For example, a dashed line after a rise suggests the trend might pause or pull back. It warns traders not to chase the price blindly at resistance levels. 🛡️ Risk Management Tips for Options Trading 🔹 Avoid the "No Trade Zone": Never buy options when the market is sideways (Flat Open scenario). Time decay (Theta) will eat your premium. 🔹 Position Sizing: Never risk more than 2-5% of your total capital on a single intraday trade. 🔹 Stop Loss is Mandatory: In options, premiums can drop 20-30% in minutes. Always have a system SL (e.g., 10-15% of premium price). 🔹 Trail your SL: If Nifty moves 50 points in your favor, move your Stop Loss to your entry price (Cost-to-Cost) to make it a risk-free trade. 📝 Summary & Conclusion For 24-Jul-2026, the Nifty is at a crucial junction. Bullish View: Only valid above 23,911. Targets are 24,087 and 24,247. Bearish View: Only valid below 23,835. Targets are 23,609 - 23,650. Neutral View: Between 23,835 and 23,911. Stay away. The chart suggests that the path of least resistance is currently downwards (Red Line), but a Gap Up can change the narrative instantly. Respect the levels and wait for confirmation! ⚠️ Disclaimer: I am not a SEBI registered analyst. This post is for educational purposes only and does not constitute financial advice. Trading in F&O involves high risk and can lead to capital loss. Please consult your financial advisor before taking any trades. Past performance is not indicative of future results. #Nifty50 #TradingPlan #IntradayTrading #OptionBuying #TechnicalAnalysis

by LiveTradingBox

What Does "Wave 3 = 1.618 × Wave 1" Really Mean? Understanding Fibonacci Extension and Trend-Based Fibonacci Extension Fibonacci Extension vs. Trend-Based Fibonacci Extension Most traders are familiar with the Fibonacci Retracement tool , which provides Fibonacci ratios from 0 to 1 . It requires two touch points , generally the top and bottom of a price swing, and is primarily used to identify potential support and resistance during a correction . Fibonacci Extension is an equally important tool, but is used for an entirely different purpose. Let us understand the difference. There are two ways to use Fibonacci Extension: 1. Fibonacci Extension Like the Fibonacci Retracement tool, the Fibonacci Extension tool requires two touch points , representing the beginning and end of a price swing. Unlike the retracement tool, i t projects Fibonacci ratios above 1 , helping estimate the probable extent of the next price move. Usage: Suppose a trader enters a trade after price finds support at the 61.8% retracement level. The Fibonacci Extension tool can then be used to identify potential profit targets, with 1.618 being one of the most commonly watched extension levels. 2. Trend-Based Fibonacci Extension (TBFE) This is the tool that virtually every experienced Elliott Wave analyst uses extensively. In fact, it is one of the most important tools in Elliott Wave analysis. Unlike the standard Fibonacci Extension tool, Trend-Based Fibonacci Extension (TBFE) projects Fibonacci levels from a "reference point" , while keeping the projection dynamically linked to the preceding price swing. This makes it ideal for analysing developing waves in real time. How to use TBFE and interpret its levels Trend-Based Fibonacci Extension uses three touch points . The first point marks the beginning of the impulse wave, the second point marks its end, and the third point marks the end of the subsequent correction. Once these three points are selected, the tool projects a series of Fibonacci extension levels—0.236, 0.382, 0.618, 1.000, 1.272, 1.618, 2.000, 2.618, and beyond. The interpretation of these levels is what matters most. The 1.000 extension signifies that, measured from the end of the correction (the reference point), the projected wave has travelled a distance equal to the length of the original impulse wave . Similarly, the 1.618 extension indicates that, from the same reference point, the projected wave has travelled 1.618 times the length of the original impulse wave . Every extension level expresses the length of the developing wave as a multiple of the reference swing, measured from the reference point. Thus, a 1.000 extension represents a wave equal in length to the reference swing, while a 1.618 extension represents a wave that is 1.618 times the length of the reference swing. Why is this important? The Elliott Wave Principle is built on the premise that every wave bears a mathematical relationship to another wave, and these relationships are most commonly expressed through Fibonacci ratios . Some common examples are: Wave 3 often extends to 1.618 × Wave 1, or even higher in strong trending markets. Wave 5 frequently relates to the length of Wave 1-3 or Wave 3 alone. Corrective waves also exhibit recurring Fibonacci relationships. As each sub-wave develops, TBFE enables these relationships to be monitored in real time. Instead of merely guessing where a wave may terminate, we can identify high-probability target zones based on well-established Fibonacci relationships. You do not need to be an Elliott Wave analyst to benefit from these levels. Understanding how TBFE works will help you better interpret Elliott Wave analysis. When an Elliott Wave analyst marks Fibonacci ratios and target zones on a chart, they are not arbitrary numbers—they represent the mathematical relationships that repeatedly occur between market waves. Once you understand this concept, following live chart updates and Elliott Wave analysis will become much easier and more meaningful.

by ChartTheWave

97 IS JUST A NUMBER - USDINR to new highs again USDINR is rising again and is rising in an impulse , an Elliott wave structure that defines a trend. An up trend that is not over as we get close to taking off the 97 high and heading toward 98 or 99. Triple digits? I do not know that for sure yet but the cat is out of the bag and running around. It always gets messy before it gets better. Prepare for messy

A five wave rise in WTI Crude extends The small five advance continues as the fifth wave extends and is now knocking on the 91$ breakout point. This at a time that Oil reserves are at a 40 year low is threatening the world with an oil shock that the markets appear complacent about because the last time it did not matter. The trend up in oil is not over. Even if it pauses for a day or two it may go higher.

The Final Jump for Semiconductor stocks this Fall The recent sell-off in the Semiconductor index did cause a lot of calls on the end of the AI/Semiconcductor bubble. The daily chart, however, shows a triangle for the Nasdaq Semiconductor index below. Triangles are generally fourth waves, and that has created a case for a final blow-off rally in Semis. Wave 5 up is next.

Nifty ready for downside on hourly chart Nifty is most likely to be forming a ABC corrective pattern, in which: first wave wave was a 5 wave pattern -> either wave A or wave 1 second wave has reached upto 61.8% and is most likely a complex correction We might be ready to enter wave C or wave 3, which itself would be impulsive in nature, either trending or terminal. If the above counts hold, then we could aim for wave C to be reaching the start of wave A (~23,800, target) and beyond. The study would be invalidated above 24,260 (SL) Will keep you guys posted as the move progresses Happy Trading! May the trend be with you.

upside potential for wave 5 or wave x.As shown currently we are witnessing irregular wave 4 correction of the impulse sequence that started from the lows of 22.25.Going ahead if stock manages to hold above 36.00 levels then we can expect wave 5 target of at least breaking previous swing high of 49.05 which is still about 25% from current levels. Hence one can initiate long at cmp of 37.56 with a stop-loss of 36.00 and targets of 49/53/68.Mind well this are target for wave 5 not for wave x. Here not describing wave x scenario as one cannot anticipate wave 4 correction becoming WXY complex correction instead of simple irregular correction. Disclaimer:This are just my views on this stock,no position should solely be held or initiated on its basis,posting this for my future reference.

Internal Structure of a Converging Triangle (ABCDE)🌊 Understanding the Internal Structure of an Elliott Wave Converging Triangle (ABCDE) A Converging Triangle is one of the most recognizable Elliott Wave corrective patterns. It consists of five legs labelled (A)-(B)-(C)-(D)-(E), with each swing becoming progressively smaller as price contracts between two converging trendlines. As illustrated in the chart, the triangle develops after a strong impulsive move and typically appears in Wave 4 of an impulse or Wave B/Y/X of a corrective structure. Once the triangle is complete, the dominant trend usually resumes with a sharp thrust out of the pattern. 📌 Internal Structure :- Unlike an impulse wave, every leg of a triangle is corrective. One important point many traders overlook is that each leg—(A), (B), (C), (D), and (E)—does not have to be a simple Zigzag. As shown in the diagram, any leg can unfold as: Single Zigzag (ABC) → 5-3-5 Double Zigzag (WXY) → 3-3-3 Triple Zigzag (WXYXZ) → 3-3-3-3-3 This flexibility is one of the reasons triangle analysis often confuses traders. The market may continue extending one leg into a Double or Triple Zigzag before moving to the next swing, while still respecting the converging boundaries. 📈 Market Psychology :- Each swing inside the triangle represents a battle between buyers and sellers. (A) begins the contraction. (B) retraces but fails to continue the previous trend. (C) reverses again with reduced momentum. (D) produces another smaller corrective swing. (E) completes the final contraction, leaving the market compressed and ready for expansion. Notice how every swing becomes smaller, reflecting declining volatility and increasing indecision. 🚀 What Happens Next? Once Wave (E) is complete, the triangle usually ends with a powerful thrust in the direction of the larger trend. This thrust is often fast because the market has spent considerable time building energy inside the contracting range. ⚠️ Key Takeaway :- A Converging Triangle is not a continuation of the trend itself—it is a pause before continuation. The most important concept is to focus on the internal structure of each leg, rather than assuming every swing is identical. Correctly identifying whether a leg is a Single Zigzag, Double Zigzag, or Triple Zigzag can significantly improve wave counts and help avoid premature trading decisions. *********************************************************************** Warning ⚠ This post is for educational purposes only and should be combined with proper risk management and confirmation from price action before making trading decisions. *********************************************************************** #ElliottWave #ConvergingTriangle #TrianglePattern #ABCDE #CorrectiveWaves #WaveAnalysis #TechnicalAnalysis #PriceAction #MarketStructure #Zigzag #DoubleZigzag #TripleZigzag #Wave4 #WaveB #WaveX #TradingEducation #TradingView #StockMarket #SwingTrading #PositionTrading #ChartAnalysis #Nifty #BankNifty #LearnTrading #NikhilKanal

by iElliottician

BITCOIN NEXT MOVE TRADING IN RANGE READY FOR BREAKOUT 🚨 **Bitcoin Next Big Move? | Breakout or Breakdown? | BTC 30 Min Analysis** Bitcoin is currently trading inside a key support and resistance range on the 30-minute timeframe. The market is consolidating, and the next breakout from this zone could decide the short-term trend. 📈 A strong candle close above the resistance zone, followed by a successful retest, may signal buying momentum. If buyers maintain control, Bitcoin could continue toward the next major resistance levels. 📉 If support breaks with strong selling pressure and the price confirms below the level, it may trigger further downside toward the next support zone. ✅ Wait for candle close confirmation before entering a trade. ✅ Avoid taking trades inside the range. ✅ Enter only after a confirmed breakout or breakdown. ✅ Always use a stop loss and maintain proper risk management. ✅ Never chase the market—let the setup come to you. ⚠️ This analysis is for educational purposes only and is not financial advice. Always do your own research before taking any trade. 💬 Which move are you expecting next—Bullish Breakout 📈 or Bearish Breakdown 📉? Share your view in the comments. #Bitcoin #BTC #CryptoTrading #PriceAction #TradingStrategy

by Shiva-kumar1

Long HDFCLife HDFCLife is looking good in short to mid term with immediate resistance 580-590 closing above will open up for 612 then 630 Insurance sector can see growth as GST has been abolished and proper insurance buying is going on where people are now choosing companies where services are better and claim settlement ratio is better. Looks better than other competetors.

by bullsbearsclub