Series of HH, HL Price has just crossed recent resistance (short term) and touching another resistance level Buy above resistance, keep SL intact at the levels Trail your SL accordingly Manage your risk properly
Nifty is ready for sharp 10% upward movement !!! Lets see, I have used Elliot waves, Fibonacci extension and time cycle to determine the markets lows and entry points...
Recent price action on S&P futures suggests a potential rollover happening now, particularly after today's sell-off. This downturn began after the index peaked at 5,333.5 on April 1, 2024. Despite this, the upcoming Federal Reserve meeting and forthcoming high-profile earnings reports, such as NVDA's in late May, add layers of uncertainty. Notably, NVDA has...
multiday short trade on sp500 . Tp at 4700 at the SP/VIX ratio, candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish parallel channel. Possible index target 4700 points.
Bank Nifty is Rangle bound for so long. Its time for some Action.
Here I have EUR/USD on the 4Hr Chart! Since the LOW on Apr' 16th, Price has been traveling in what looks to be an Ascending Channel! Price today was unable to make a NEW HIGH to give us another test of the Rising Resistance and instead gave us quite the drop out of the Ascending Channel! With this break, I believe multiple confirmations are pointing to this...
USOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. USOil is currently trading in a strong bullish ascending channel and is now retracing after the last HH, which is also the 0.886 Fib retracement level and local support zone as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. FILUSDT Elliott Wave Technical Analysis Mode: Corrective Structure: ...
BTC Dominance got power from channels lower line and now retesting. According to Elliot vawe theory dominance will move to Elliot 3rd. Final target is 57% with Elliot 5th
MDTUSDT Elliott Wave Technical Analysis Mode: Corrective Structure: Zizag Position: Wave (c) of (x) Direction: Wave (c) of (x) is still in play Details: Wave (x) is still in play which I expected to be end around 0.080-0.068 forming a running flat, which will be my entry point. Next Direction: Wave (y) Targets: the area between 0.16-0.17 with...
FETUSDT Elliott Wave Technical Analysis Mode: Impulse Position: Wave (iv) of (3) Direction: Wave (iv) of (3) is still in play Details: Wave (iv) is still in play which I expected to be end around 2.3-2.4 which will be my entry point. Next Direction: Wave (V) which will complete the next higher Degrees Wave (3) Target : the area between 3.75-3.9 with...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the current resistance level, which coincided with the resistance area and tried to rise, but failed and fell back, after which at once repeated movement up and reached the 65400 resistance level. Then price made a little...
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance line and fell to support line, but soon bounced up from this line, making fake breakout. Then in a short time, Ripple rose to resistance line, after which made little correction and soon broke $0.5365 level. After this,...
Logarithm. Time frame 3 days. Rising channel. The chart shows key support/resistance levels for working in a local trend. Code zone 273 or synchronization specifically with the price of $ 27,3 00—this is the main key break zone of the downward trend. We are now in the zone of the previous distribution of the 2020-2021 cycle. Scale for understanding.
FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give...
NSE:NIFTY at its all-time high is consolidating in a channel pattern between 22000 and 23000. Good time to accumulate value stocks to reap benefits if nifty breaks upwards. Also reserve to pump in capital if nifty breaks downwards. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This...
Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up
Chart says it all. Multi decade parallel channel top has been reached. Now markets are sharply pulling back. Watch for break of long term uptrend red line and ideally short on retest of the red line. Possible HS pattern could play out too, back to 300$ in upcoming months