Ethereum has been moving as per my previous post in 5 waves down impulse. 3rd wave has sub-divided and we currently seem to be in wave iv which is forming a triangle. We should be close to completing wave iv, following which we will get wave v and ETH should complete the wave 3 down….
Indian Hotels (INDHOTEL) seem to have completed 5 waves up in weekly chart which started around mid June this year. Now we may be on verge on starting corrective wave. Daily chart signals that correction from here may already have started since I can see lower highs and lower low formation in daily. So how…
It might be too early to say but looks like dollar index may have completed minor wave ii of larger wave 3 and we might be starting minor wave iii of 3 from here. We’ll look for the following confirmations. Positive close for today. Break of wave i high, i.e. 110.260. Final confirmation would be…
Monthly chart of the stock. From covid lows of 31.65, it completed wave 1 at 171.70 in clear 5 waves up. Did a retracement of slightly more than 50% in wave 2 around 95.45. After breaking the wave 1 high this week, now the stock seem to have started larger wave 3. We are now…
ETH has broken the wave 1 down’s low so we are now in wave iii of larger wave 3 down, which should be followed by wave 4 bounce and wave 5 down continuation. As per waves equality, wave 3 will be equal to wave 1 around 1250. So that’s the minimum we’re expecting though wave…
Dollar index is moving as expected. On daily chart, wave 2 was completed yesterday and we seem to have started wave 3 up now. Within wave 3, we seem to have completed minor wave i and doing minor wave ii now. Minor wave ii could do 50% retracement or even 61.8% but I think it…
Monthly chart of Dixon Technologies looks super bullish from Elliott Wave perspective. Long term impulse wave that started around 400 in August 2019 ended in October 2021 after making an all time high at 6243. Since then, stock has been in correction mode and seem to have completed zigzag (abc) correction in June this year….
Update (19th September, 2022) – CAC seem to have completed wave 2 now and we seem to be in wave 3 down. Here is the latest chart. From recent swing high in August around 6608, CAC has fallen in 5 waves which means it could be either major wave 1 or a fresh impulse or…
Here is daily chart of Ethereum. From the recent top made on 14th August, ETH has fallen in clear 5 waves which tell us that near term trend is down. We currently seem to be in corrective wave 2, though it might already be over since it has retraced 38.2% which is the minimum we…
Google has moved down from January 2022 top made at 151.55 in 5 wave impulse. It could be either wave 1 or A and now seem to have completed wave 2 or B. Either way, stock is starting wave 3/C down which could go to 82 or lower levels as per wave equality. From wave…