Elliott Wave Theory

Hello friends and seniors, I will be posting my analysis based on the Elliott wave theory. This thread is meant only for educational purpose and I invite all the interested persons to participate in it. You can comment and post your charts strictly on the Elliott wave theory.

Weekly chart of NZDJPY is attached here with.
If image does not show then the link is http://www.mql5.com/en/charts/2460908/nzdjpy-w1-triple-a-investment.

Hi, can any one please tell me how to post images here? Thanks.

Here.. check these links to know how to upload images (explained by timepass)

http://www.traderji.com/equities/47979-canteen-741.html#post591768

http://www.traderji.com/members-dis...ay-trading-nifty-futures-2281.html#post991943

The NZDJPY weekly chart is attached for discussion.

I will be posting stock and forex charts.

On weekly chart of cairn, the price is forming H&S pattern. Once the neck line is broken the weakness will be more. The next target can be discussed later.

Your views and comments are welcomed.

The wave 3 is almost equal to 161.8% of wave 1 and wave 4 is corrected almost 38.2% of wave 3. As wave 1 and 3 are not extended the wave 5 can be extended one and can go beyond my wave 5 marking.

The Cipla is forming flat at the top and after forming flat it has started to rise up wards. One can buy near 592 with target 630 and stop loss of 575.

Yes I agree that it can be bought now sl 575 as it is on minimum risk, but on flip side one can also short it below 575 for quick gain of 30-40 points.