forextidings

forextidings

Price action Breakdown Analysis: It is the EURUSD monthly timeframe, and it shows a downtrend for more than 15 years. The price has settled in a downward value area. Elements of price action Breakdown: Excess: There are nine price excesses, four on the upper band and five on the lower band. It shows that the sellers were too aggressive when the...

forextidings

Timeframe: 30 min Brief analysis: HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ . In-depth analysis: NSE...

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Elliott Wave background In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how...

forextidings

We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom, Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns. I have covered Three chart patterns in this article, 1) Triangles 2) Head and shoulders 3) Double Top and Bottom 1) Head and shoulders: In addition, the two...

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As per the analysis of the provided chart, the outlook for Gold suggests potential downside towards the levels of 59260 , 59000 , and 58700 . Traders should pay attention to the level of 59600 , as a crossover and close above this level could signal a resumption of the uptrend. The presence of the 100-day moving average and a parallel channel on the chart...

forextidings

In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...

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Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can...

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AUDJPY is forming a contracting triangle. Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)). In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets...

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MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4). Traders can expect the following targets: 289 - 272 - 265 for wave (c). Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level. An uptrend is only possible after the breakout of the parallel channel . As per the wave principle,...

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Tesla has broken down the corrective channel, and the price surged rapidly. Currently, 3rd has reached 161.8% of wave 1. After completion of wave 3, the price will start its corrective wave 4. Traders can initiate long positions after the accomplishment of wave 4 for the targets of 1056 - 1113 - 1210+.

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BTCUSD is about to accomplish the sub-wave C of the corrective wave ((4)). Wave ((4)) is forming a running flat pattern, where wave B has exceeded the origin point of wave A. But due to lack of bear power, wave C is too weak to break the ending point of wave A. It Indicates bulls are strong at the movement. But, the price can still break wave A to complete...

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Bitcoin prices were moving upward at the beginning of 2021. But, its investors have seen heavy downfall into May to June. Afterward, it has hiked from 28600 to above 51356 . According to Elliott's wave theory, it's running under the 4th wave. We may see a sideways trend here. Bitcoin is preparing for a solid uptrend ahead. It's a right to jump on Bitcoin for...

forextidings

I have uploaded the EURUSD Elliott projection on 4th January 2022. The price had started creating the last leg, and I had mentioned two scenarios. Click Here to read the Previous article: Article 1 : EURCAD: Sentiments are short-term bearish, but Result - Price has reached all the bearish targets by creating the low of 1.4100. After creating a new lower...

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EURCAD is forming a downtrend channel. Price is forming a final sub-wave 5 of wave (5). In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156. Price reached all the targets of wave (5). Click Here to check the previous idea: Currently, the price is heaving...

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Currently, AUDJPY is forming a contracting triangle on the corrective wave ((4)). Price has completed sub-wave (C), and sub-wave (D) is in progress. After completion of the (D) wave, the terminating wave sub-wave (E) will break the B-D trendline of the contracting triangle. Wave (D) can end nearby 78.6% retracement of wave (B). If the price breaks the B-D...

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EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5). If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 . After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start...

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Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave...

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Key levels: 47948 - 49290 Gold is rejecting uptrend and downtrend at the level of 47948 . And we don't see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully. Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948 . Intraday traders can keep buying the...