Hello and welcome to this analysis Bank Nifty has activated a Bearish Harmonic Bat in daily time frame. The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530. As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it...
Hello and welcome to this analysis TATA MOTORS gave a sharp dip from its slanting trendline and now at 390 has formed a Bullish Harmonic Reciprocal AB=CD It could do pullbacks till 430-440 as long as it does not break below 390 Good Risk Reward set up at this level. Happy Investing
Hello and welcome to this analysis VEDL has given a Bullish Harmonic Sea Horse breakout indicating a target near 415-425 with a stop loss at 255. It could be accumulated between 325-285 with a stop loss at 255. Medium term bullish structure with a good risk reward set up Happy Investing
I'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again. From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's. Of...
Hello and welcome to this analysis ACC in weekly time frame has activated a Bullish Harmonic Seahorse. It can rally till 2800 in the medium term with a stop loss at 2150. Not for short term derivatives.
Hello my dear friends According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range. Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend. We would be happy to hear your comments
GBPUSD is in a massive downtrend. It is oversold on H4 and Daily so we need to wait for clear reversal signs. The pair is now approaching the H4 MA and the August Low at 1.1593. Waiting for clear divergence to take this trade. Until then, be very patient.
BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k). It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the...
Hello and welcome to this analysis Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June. Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations. This view will be valid...
Possible Double Bottom with good Buying. Double Bottom pattern target is 1x above the neckline - this would be around 21,950-22k. The 0.886 fib X-D also meets here, which would create a potential bearish harmonic . If this does happen, my profit target will be the 1.618 and 3.14 fibs - around 20k and 18.3k. There is a descending triangle , but I won't be...
FUBO with a weekly crab harmonic PRZ around 3$ level first trade at $3.80 C leg a smidge higher than ideal but fits the bill of a Harmonic Crab barring that, Long @$3.80 T1 @ $15.03 T2 @ $22.74 SL (moved to entry following move up) @$3.80
Hello my dear friends I'm not very familiar with harmonic patterns, but according to price action, the price should enter a very quick correction. It must be released from this state of compression. If we want to look at the chart from a different point of view, it seems that if the price range of $1,655.52 is completely consumed and the first target of the...
Keep it simple. Using Harmonic patterns. The chart speaks for itself, a beautiful AB=CD pattern with the D mark at 638.575B, the zone between that D mark and the 632.919B mark is a very Low Risk Crypto Shortsetup. You can also see the rejections of the price above the 632.919B mark in the past. If you put in scaled orders for going short in that zone you should...
US30 that printed a beautiful harmonic bat pattern, I'll be going short according to rules of this harmonic . Target are marked on the chart. Goodluck!
The YENS have been going nuts. From moving 50 pips a day it has started to move close to 120 - 190 pips. This means when we trade, our stop loss needs to be wider and hence the position size smaller. We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down. Hopefully it will hit the bottom for a 300+ pip ride. Good luck!
Currently trading at 653.90 Prices consolidating above 600 levels since April 2022. Sustaining 600 levels, it could move towards 700 to 800 levels in the coming months.
Hello, I hope we have a good trading week. In the weekly time frame, we took a different look at Bitcoin... Isn't it interesting!?!? In terms of price action, we should return to the $63,000 price range once again, do you think we will have this return before seeing the $16,000 price range!?!? Two patterns are formed together. We have a risk to reward of 1 to 7,...
This very aggressive idea.... with tight SL use 1-2% of balance if not break 88% about 23800-23900 fibo short is open and looking for good bottom