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Wave Analysis

Apollo Tyres: Navigating the WavesWelcome to RK_Chaarts. Today, we're analysing the daily time frame chart of Apollo Tyres from Elliott waves perspective. Here, we can clearly see that the intermediate-degree Wave (3) (blue) formed a high around ₹555 in February 2024. After that, an A-B-C corrective pattern unfolded in a 3-3-5 expanded flat structure, which is Wave (4) blue intermediate-degree. We can say that Wave (4) possibly ended at the March 2025 low around ₹370. Now, we're possibly unfolding Wave (5) in blue of the intermediate degree, which will have five sub-divisions: of minor-degree Waves 1-5 (red). Possibly, Wave 1 (red) has ended, and Wave 2 (red) is currently unfolding. After Wave 2 ends, the price may reverse upwards, forming Wave 3, followed by Wave 4's retracement and then Wave 5's high. Where can be next possible reversal On the weekly timeframe, the price is moving within the upper Bollinger Band zone. The weekly 20-Weekly simple moving average (or 20-week simple moving average), which is the mid-Bollinger Band, is around ₹440-₹437. It's possible that Wave 2 will find support around this level and then reverse upward. Invalidation level Note that Wave 2 cannot retreat more than 100% of Wave 1, according to wave theory principles. The low of ₹371, where Wave 1 began, is the invalidation level. If the price breaks below this level, it may trigger an invalidation, and we might be looking at a double correction or a double three structure instead. Projected Targets However, if the invalidation level holds, the upward movement will likely continue. The projected target for Wave 5 could be around ₹555-₹603, based on the ratio analysis of Waves (3) and (4). Important Notes - Breaking below the invalidation level would require re-evaluation of the wave count. - Sustaining above the invalidation level increases confidence in the projected target. 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:APOLLOTYRELong
by RK_Chaarts
Elliott Wave Analysis – XAUUSD Trading Plan 5/6/2025 🌀 Current Wave Structure On the H1 timeframe, price action is currently overlapping — a sign that the corrective phase may not be over yet. If the correction had indeed ended at 3334, we would expect a sharper and more impulsive rally typical of wave 3 (green) within wave 3 (black). The lack of that strong momentum suggests the correction could still be unfolding. Both wave a and wave b (red) are showing 3-wave structures, which points to the development of a Flat correction in the red abc pattern. Within wave b (red), we’re currently seeing a smaller abc structure (green), with price likely forming wave c (green) right now. 🎯 Target Zones Wave c (green) target zone: 3390–3393, which is our ideal Sell zone. If price reverses from this zone, we expect wave c (red) to complete somewhere between 3334–3324. ⚡️ Momentum Outlook D1 timeframe: Momentum is starting to turn bearish. A confirmation will depend on how today’s daily candle closes. Until then, short-term upside is still possible. H4 timeframe: Momentum has already turned bearish, supporting the case for a potential wave C (red) to unfold. H1 timeframe: Currently oversold, which opens the door for a minor push up or some sideways action to finish wave c (green). 📌 Trade Setup 🔻 SELL Zone: Entry: 3390 – 3393 Stop Loss (SL): 3400 Take Profit (TP1): 3370 Take Profit (TP2): 3357 🔺 BUY Zone: Entry: 3334 – 3331 Stop Loss (SL): 3322 Take Profit (TP1): 3357 Take Profit (TP2): 3393 Take Profit (TP3): 3410
OANDA:XAUUSDLong
by WavePoint_FX
Gold bulls encounter resistance at 3400 Spot gold has recently shown a high-level oscillation pattern, with alternating large positive and negative lines at the daily level, and violent fluctuations. Today, we will focus on the euro zone refinancing rate decision, and the US non-farm data will be released on Friday. In addition, we need to continue to pay attention to the impact of global tariff policies, Fed dynamics and geopolitical situations on the market. Technical analysis Daily level MACD golden cross oscillates near the zero axis, and closes small positive and negative lines for two consecutive days, indicating high-level oscillation. Key support: 3343.7 (yesterday's low) and 3333, and maintain strong oscillation before breaking. Moving average support: MA5/MA10 (3354-3338), middle track and MA30 (3297-3304). 4-hour level Bollinger band narrows, range compression; MACD sticks flat, and fluctuates sideways. Resistance: 3384 (parabolic turning point), 3397 (upper track). Support: 3364-3359 (MA10 and middle rail), 3340-3327 (MA30/MA60). Hourly level MACD golden cross shrinks, STO repairs downward, and there is a risk of a short-term decline. Key support: 3364.5-3367 (middle rail and moving average adhesion), look down to 3354 after breaking. Trading strategy Short-term operation Short order: 3382-3384 light position short, stop loss 3388, target 3365-3355. Long order: 3353-3354 long, stop loss 3345, target 3365-3380. Breakthrough strategy If it breaks through 3390, follow up with long orders at 3382-3384, target 3410. Short orders can be arranged in the 3410-3412 area, with a target of 3400-3390. Risk warning The market may remain volatile before the non-agricultural data, beware of the risk of a high-rise decline. In the medium term, pay attention to the breakthrough of the strong resistance of 3435-3450 and the support range of 3330-3340. Key points Resistance: 3384-3392 → 3405-3415 → 3435-3450 Support: 3365-3355 → 3343-3333 → 3304-3297
FOREXCOM:XAUUSD
by Trend_Trading_xau
Ethereum Long Setup – Chart Analysis (June 5, 2025)We are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update. -------------------------------------------------------------------------------------------------------- Here is a technical analysis of Ethereum. The current wave structure is considered to be in the final stage of a corrective wave, with the following evidence based on length ratios. First, the 5th wave of wave C forms a length that is 0.618 times that of waves 0 to 3. Second, the fact that wave C ended at the 0.382 Fibonacci retracement level of waves 1 to 5 increases the possibility of technical support. As these conditions are met, the current zone is considered a valid buying point for entering a long position. Target Prices 1st target: 2,700 2nd target: 2,750 This zone overlaps with past resistance and technical retracement ratios, making it appropriate as a short-term liquidation zone.
Long
by SeoVereign
Spot Gold, Door Open for $3800, Need Patience.Spot #Gold, Door Open for $3800, Need Patience. (Any Panic Buy on Dips). Gold’s price broke through an important level at $3,450, which experts call a “symmetrical triangle pattern.” This is a sign that gold might keep going up, continuing a trend that started earlier this year. After a strong two-month rise starting in February, gold took a break but now seems ready to climb again. Some experts think gold could reach $3,600 or even $3,800 soon, which would beat its previous high of $3,500 from April 22.
FXOPEN:XAUUSDLong
by Neal_Bhai
7
Nifty wave 1 completed?The impulse wave was started from April. here we can see wave 3 is extended then it retraced to almost 2 nd wave position of wave 3 we have got thurst upside for 5 th wave 25116. as per elliot wave guide line when one impulse wave is extended out of 1,3,5 other 2 waves likley to be more or less of equal lenth. here wave 3 is extended then 5 and 1 should be of equal length. of course here wave 5 is almost 200 points more than wave 1. main question here can 5 be extended.Equality of 2 waves when one impulse wave is extended is a guide line not a rule in elliot wave. 3 rules of elliot wave are 1 st wave 2 can not retrace more than 100 percent of wave 1 2nd wave 3 can not be the shortest and 3 rd one is wave can not enter in to the territory of wave 1. So can wave 5 be extended?and five wave up move is not completed yet? projection wise three idle targets for wave 5 are 25115,25469 and 25842 as shown in the chart. you have to scroll the chart to see those levels.Most desirable one in 25842. so wave 5 can be extended to reach at 25842? unfortunately when check the wave 5 of wave 1 and wave 3 shown by arrow no where wave 5 it is extended,So extension of wave 5 is not expected.Then we have completed 5 wave up move in wave 1 and wave 2 is in progress.It appeaars to be so. But in elliot wave slighest mistake in wave count yields much difference. critical level here 25115,and 24462. so let us see which level is broken first. This is my study not atall a trading recomendation. please like this post if it helps you. follow me to get up dates
NSE:NIFTY
by bijoy2526
2
NIFTY 50 INDE 15min TF✦ Expiry Day Market Plan - Inside Candle Setup Today is an Inside Candle Day - price stuck within the previous day's range. This means: Sideways movement likely But if key levels break - high volatility possible! Bullish Plan Watch Zone: 24650-24680 Condition: 15-min candle close above 24680 with strong volume * Action: → Enter on breakout → Or wait for pullback (retest) & enter on bounce Targets: Big upside possible - trail SL to lock profits Bearish Plan Watch Zone: 24550-24530 Condition: Break & hold below 24550 * Action: → Enter on breakdown → Book first 50 pts, then trail SL Targets: Quick downside moves possible ? Key Tips Don't rush - wait for confirmation Use volume + candle close as triggers Stick to trailing SL & partial booking
NSE:NIFTYShort
by TechnicalExpress
2