The price is expected to fluctuate above the current support range, and once the corrective pattern is completed, an uptrend is likely to begin. If the price crosses the support range, it will be possible to continue the downward trend up to the levels and the support trend line.
It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend to the resistance range will be formed. If the price does not cross the resistance range, it is expected that a corrective trend will be created with a gentle upward slope
According to the behavior of the price in the current resistance range, the possible scenarios have been identified. It is expected that the upward trend will begin after crossing the 78.6% level.
It is expected that the price will change the trend at the level of 78.6% and then we will see the beginning of the downward trend. Otherwise, by crossing the 78.6% level, it will be possible to continue the upward trend and it can cross the resistance trend line.
It is expected that the price will fluctuate according to the specified path, and after the completion of the corrective pattern, an upward trend can be formed. If the price crosses the support range, the upward trend will be canceled
It is expected to stabilize after some fluctuation above the support area, and then the start of the upward trend is likely, if the price crosses the support area, the continuation of the downward trend is possible
The price is moving in a downward direction to establish a possible pattern. This pattern is only drawn for a schematic view and it may move down in a different direction. Money management is mandatory.
HFT appears to be within a bearish diametric. It is now in the middle of wave E. Usually, E waves are very powerful. By maintaining the red range, it can drop further down. We are looking for sell/short positions in the red range. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis. For risk...
Based on the wave counter that has been done, you can see that in the 4-hour time frame, there is a lot of possibility and potential to reduce the price to at least 1.1955.
First of all, pay attention to the time frame. A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside. From where we placed the green arrow on the chart, the price has entered a bullish wave. The previous correction was nearly 900 days. This bullish wave is also expected to...
According to the price chart, NZDUSD will probably fall in the 4-hour time frame and will go down to the 0.57540 range. This is an idea that has a lot of potential to be realized, but it should be entered into the transaction with capital management and with low risk.
An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly...
Considering that the index has crossed the support range, it is expected that the continuation of the downward trend will be formed until the specified support levels. In this case, a medium-term downward trend will probably be formed
According to the behavior of the price in the current resistance range, possible scenarios have been identified. A downward trend is expected. If the price crosses the resistance range, the upward trend can advance up to the previous ceiling range or beyond it.
Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. By crossing the support range, the above scenarios will become invalid