Hello & Welcome to this analysis
Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg.
Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750.
While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this...
Hello and welcome to this analysis
In the daily time frame after a very strong run in 2022-23 the stock is showing a reversal signal.
It could test the Ichimoku kumo levels of 1550-1525 as long as it sustains below 1625.
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are...
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are...
Hello & welcome to this study on daily time frame
As per Ichimoku it is seeing a rejection near a cloud with future kumo still bearish. It could now do a pullback till 1250 (with interim support near 1290) as long as it remains below 1340.
From the daily base line support (expected retracement level from here) a fresh rally could take place for 1450 (provided...
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are...
Last week, USDJPY failed to grow above the Ichimoku cloud as it worked as a resistance. Naturally with the FOMC meeting this week, volatile movements can be expected and prices may grow but this instrument is looking weak in the weekly timeframe so rising prices can be seen as entry points for shorts.
BTC/USD is still in a massive Ichimoku W Wave Pattern.
BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern.
BTC is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun...
Hello and welcome to this analysis
Havells has given a fresh breakout today after consolidating between 1290-1320.
It could rally till 1375/1425 as long as it does not break below 1310.
NOT A FINANCIAL ADVICE, FOR EDUCATIONAL PURPOSES ONLY
Short positions below 0.84250 with targets at 0.83600 & 0.82500 in extension. Pivot: 0.84250
Comments: Chikou breakout, Tenkan sen kijun sen crossover, Tenkan and kijun pointing down, Kumo cloud twist, trendline break.
‼️Not a financial advice, for educational purposes only‼️
Short positions below 1.4800 with targets at 1.4600 & 1.43800 in extension. I’m placing sell limit orders at 1.4800.
Comments: chikou breakout, tenkan kijun cross, kumo cloud twist, double top
Not a financial advice, for educational purposes only!
Bullish sentiment above 153.00.
Lesson: When using Ichimoku Cloud, it is important to look where is the chikou span. In this case, it is currently sitting inside the cloud so no trades. To avoid fake setups, the chikou span is your friend. It is also good as s/r tool!
comments: EARNINGS COMING in 27 JULY...
BNX is breaking the downtrend and breaking out of the ichimoku cloud
this can be a good trade as the next resistance is at about a 10% distance from the current price
I'm entering if I see a good close of this 4h candle
let me know what you think or if you see anything I didnt see!
1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range.
2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD.
However, if we look at it from...
This is not the cleanest Kumo-break you can get as not everything says bullish. For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's...
Short positions below 87.3052 with targets at 86.0257 & 83.8932 in extension.
Pivot: 87.3052
Comments: Chikou inside the candles. One might wait for the chikou to break the candles. Tenkan kijun cross, kumo cloud twist
