I've been scrutinizing the EURUSD chart and it looks like we're seeing a compelling setup for a potential short. According to Elliott Wave theory, the pair has recently completed Wave (3) and is beginning to form Wave (4), which is typically a corrective phase.
Currently, the price is oscillating and could retrace to key Fibonacci levels associated with Wave (4)...
In the current AUDUSD setup, Elliott Wave analysis suggests that the pair might be nearing the end of an impulse sequence with Wave (3) recently completed, and entering Wave (4), a typically corrective phase. The currency is showing signs of topping out, indicating potential retracement levels that could be ideal for a short position.
Currently, Wave (4) has...
Our USDCAD analysis suggests a downward trajectory as the pair completes a corrective pattern marked as Wave (b). Observing the Elliott Wave structure, we are currently at the start of Wave (c), which typically follows Wave (b) and could extend significantly downward.
The chart indicates that Wave (c) may target the 0.618 Fibonacci retracement level at 1.36079,...
I personal feel as if price shall move higher targeting weekly highs the 1H candle has now closed above an old daily swing high and respecting 1H OB Consequence encroachment since we have no news today I am watching very closely to see how candles react many of these zones especially daily highs or lows
🕵️♂️ Let's analyze and review the VET coin together and identify potential entry points to profit from this coin.
📊 In the higher timeframe and weekly chart, we observe an upward trend starting from the point 0.01467. Buyer participation in the market has occurred. After reaching the important weekly resistance of 0.03383 and breaking it, we formed a new...
The shareholding pattern of a company refers to the distribution of its ownership among different categories of investors, including promoters, Foreign Institutional Investors (FII), Domestic Institutional Investors (DII), and the general public.
The ideal shareholding pattern can vary depending on the nature of the company, industry dynamics, and regulatory...
The chart is pretty self-explanatory as always. But as usual, Below are some good-to-know pointers.
- The price has been stuck in a range for about a year now
- The support zone is holding up. But for how long, we do not know.
- The best case scenario will be the break of the support inviting sellers followed by filling of the long due gap and a recovery. Again,...
- It has been in a sideways channel for almost 2 years with clear support and resistance zones
- It showed strength in the initial phase of this week but at the end got hung over Literally, upside down.
- In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for...
Here are things you should know:
- 14 months of pure sideways consolidation
- Clearly defined support and resistance
- 6 Week consolidation at the resistance zone makes the resistance weak
- Volumes have died out. That usually happens when the price consolidates
- Investing in such companies is a matter of trust and confidence in the company and its management....
The chart is self-explanatory as always :)
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors...
NASDAQ:META
Why Meta Stock Could Reach $520 by July 2024 Earnings Report
Meta Platforms, Inc., formerly known as Facebook, has been making significant strides in its business operations, which could potentially drive its stock price to $520 by the time of its July 2024 earnings report. Here are some key reasons:
1. Strong Performance in Q1 2024
Meta reported a...
Technical Analysis and Outlook:
The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position...
Technical Analysis and Outlook:
During this week's trading session, the Eurodollar fluctuated around our significant Mean resistance level of 1.080. There are projections that the currency may experience an upward surge and complete the Inner Currency Rally of 1.084 before undergoing a downward transition to the Mean Support level mark of 1.074 and possibly...
Technical Analysis and Outlook:
Bitcoin has consistently respected our Mean Res 64000 in this week's trading with the projected Intermediary Squeeze Retest target to Key Sup 58300 and completed Inner Coin Dip 57200, which is in progress. This is expected to lead to a renewed Bull Stage movement, targeting the Mean Res of 64000, 66900, and beyond once again.
Currently showing strength, but I am leaving some capital for the monthly plus weekly level. For futures trade you need to see a higher high for safety. I certainly expect much more prices for Kaspa.
Where the bottom will be will be decided by the market. You can see the zones where I follow, so I will make an update
I'm examining a potential short opportunity for USD/CHF using Elliott Wave principles. Our analysis suggests that the currency pair is nearing the completion of an impulse phase, which often sets the stage for a significant corrective downturn.
The market seems to have completed the impulse wave sequence with wave (5) reaching its peak. This indicates that a...
I'm examining a potential long opportunity for EUR/USD using Elliott Wave principles. Our analysis suggests that we're on the verge of entering a new bullish impulse wave.
The market has shown signs of completing a corrective phase with wave (4), and is now transitioning into what appears to be a bullish wave (5). This phase often offers substantial upward...
I'm analyzing a potential short opportunity for GBP/USD using Elliott Wave principles. Our chart suggests that we are nearing the completion of an impulse wave, setting the stage for a significant corrective phase.
The market appears to have completed wave (5) of the bullish sequence. This setup typically indicates that a downward correction is imminent,...
