Hellena | EUR/USD (4H): Long to resistance area of 1.09800.Dear colleagues, I believe that the price will continue the upward movement. In all probability, the price is in wave "3" of the higher order and wave "3" of the lower wave. This means that the probability of an upward movement is strongly increasing.
I expect a small correction to the area of 1.08696, then an upward movement to the resistance area of 1.09800.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wavetheory
Hellena | SPX500 (4H): Long to resistance area 5407.Colleagues, the price has moved down a lot, but that means we have an opportunity to enter a long position more favorably. I still believe that price is still in an upward move of great impulse, and now there is a complex correction taking place.
I expect an uptrend to begin around the 5172 area.
The first expected target is in the 5407 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bitcoin - When will we see the breakout?BITSTAMP:BTCUSD is preparing its most bullish breakout of the entire trading history!
After a couple years of trading experiences, you will simply stop paying attention to your emotions. Looking at the chart of Bitcoin objectively, you can see that everything is still incredibly bullish. Despite the hesitancy at the previous all time high, Bitcoin is also not rejecting it towards the downside. Eventually, we will just see a monstrous bullish breakout.
Levels to watch: $70.000
Keep your long term vision,
Philip - BasicTrading
Hellena | GOLD (4H): Short to 100% Fibo lvl 2331,559 (Wave "C").Dear Colleagues, I believe that gold will start an upward movement, but first we need to complete wave “C” in a major correction.
For this, the price needs to reach the area of 100% Fibonacci extension level (2331,559).
A small correction to the 2420 area is possible first. The bears have not lost their strength yet.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Long to resistance area 5684. Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”.
I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477.
After that I expect to reach the resistance area of 5684.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#BTCUSD next week predictionIn BTC, we are either in wave 5 of iv, which could mark the end of the rally that started on July 5th, leading to an abc corrective move as indicated by the dotted line.
Alternatively, we could be in wave 5 of iii. In this scenario, we might see a bearish corrective move followed by wave iv, which would then complete the rally.
In either case, it appears that we are approaching a top, and the extent of the impending bearish move depends on the wave count.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Hellena | GOLD (4H): Long to 50% Fibo lvl 2439.Dear Colleagues, It looks like price has completed an upward five-wave momentum move and is now in an “A B C” correction.
Therefore, I expect the price to reach the area of 50% Fibonacci level 2439. I will then expect the price to decline.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#OIL possible move for the coming daysPrice seems like completed 3rd wave of lower time frame bullish impulse move and as a result we could expect an abc bearish corrective move. to set stage for another bullish leg to complete fifth wave.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Hellena | GOLD (4H): Long to the resistance area of 2512.Dear Colleagues, I believe that the price has completed the wave “3” of small order and now I expect the completion of the wave “3” of medium order in the area of 2512.
A small correction to the area of 2442 is possible, because wave “4” has not yet marked its minimum.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BITCOIN - Last Chance to BUY? Hey traders,
In the previous analysis, we were expecting bitcoin to move up from 0.5 - 0.618 fib levels. But what has happened is that price made a deep retracement towards 0.88 fib, which is good for us. why?
The 0.88 fib level is very close to the low = tight stoploss = higher Risk to reward = Big gains
LONG Setup:
- Watch the break of the descending blue trendline
- Wait for a retest or a pullback for entry
- Stoploss: Below 0.88 fib or below the recent low
- Targets: 76k, 80k, 87k, 96k and 99k.
Good Luck and trade Safe
Hellena | GOLD (4H): Long to the resistance area of 2477.Dear Colleagues, I believe price is in wave "3" of all three orders (small, medium and high).
Therefore, I expect a small correction to the area of 2410, then a continuation of the upward movement, overcoming the strong level of 2449 and reaching 2477.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Navigating the Waves: Piramal Enterprises Technical StudyTechnical Analysis of Piramal Enterprises (NSE: PEL)
This analysis is shared for educational purposes only and should not be considered financial advice.
Overview
Piramal Enterprises has shown a promising breakout with significant volume, indicating strong bullish momentum. The Elliott Wave analysis also suggests a positive structure, pointing towards potential further gains.
Elliott Wave Analysis
Wave 1: The stock completed its first impulse wave (1) near 1,140 INR.
Wave 2: The corrective wave (2) concluded around 735.85 INR.
Wave 3: The ongoing wave is expected to be an impulse wave 3, targeting higher levels.
Current Structure
- The stock has completed the corrective wave C of (2) and is now in the early stages of wave 3.
- The recent breakout above the black trendline suggests the start of wave (i) of 3, supported by increasing volume, adding to the bullish sentiment.
Key Levels
- Current Price: 977.85 INR
- Nearest Invalidation Level: 905.00 INR
- Major Invalidation Level: 630.45 INR
Targets
- Elliott wave suggests ahead wave 3 first levels (1.0 Fibonacci Extension of Wave 1): 1,246.00
- Elliott wave suggests ahead wave 3 ideal level (1.618 Fibonacci Extension of Wave 1): 1,561.25
Conclusion
Piramal Enterprises has provided a strong breakout backed by volume, aligning well with the Elliott Wave theory. The structure indicates a continuation of the uptrend with potential targets at 1,246 INR and 1,561.25 INR. The nearest invalidation level is at 905 INR, with a major invalidation level at 630.45 INR.
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.
Hellena | SPX500 (4H): Long to 161.8% Fibo lvl 5684.2.Dear colleagues, I assume that the price will continue the upward movement. A small correction is possible, but the wave "1" of medium order should be completed.
I assume that it will end at 161.8% extension of Fibonacci level 5684.2.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Long to the resistance area of 2418.70.Dear Colleagues, I had to review the wave analysis and I believe that price has not yet updated the highs.
At the moment the price is in wave 1 of medium order. It is an impulse wave consisting of 5 waves. Possible correction to the area of 2348 then continuation of the upward movement to the resistance area of 2418.7 .
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Short to 50% Fibo lvl 39,059.Dear Colleagues, in general I see that the price will still rush upwards, because now the wave "3" of higher order is developing.
But I believe that now there will be a correction to the area of 50% Fibonacci level (39,059) in wave "2".
But before this correction, I believe that the price will complete a 5-wave movement in lower waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to the resistance area at 1.08501.Dear colleagues, it seems that the price is not stopping after all and continues the downward movement. At the moment, I expect that wave "2" of the higher order will end and a strong upward movement in wave "3" will begin.
The nearest target is the resistance area at 1.08501.
The support area is 1.06356.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Long to 5549 area (Wave "3").Dear Colleagues, I believe that price will continue its upward movement to the 5549 area. I think that now the wave "3" of the higher order continues its active development.
Possible correction in wave "2" to the area of 5369.9.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to 100% Fibo lvl 2266.738.Dear colleagues, I've been thinking and drawing waves for a long time and here are my thoughts.
I believe that Price will still reach the target level of 100% Fibonacci level extension 2266.738 .
Price is now in a wave "4" of higher order and in a small but complex correction. Corrections are always complex and not predictable, but wave "4" should be completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GBPUSD - SHORT Hey traders,
GBPUSD is setting up for a nice reversal around our sell zone.
SHORT Setup:
- Watch for the rejection on sell zone.
- Stoploss: Above Invalidation Level
- Targets: 1.2881 ( 80 pips ) and 1.25567 ( 110 pips )
You can choose to hold a small position for the long term as we are expecting GBPUSD to break the 1.25 level
Good Luck and trade safe!