Hello dear friends
It seems that we can consider the possibility of forming a tangent head and shoulder with the support zone.
The above scenario is valid under the condition of maintaining the price range of $0.102.
What do you think?
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level.Any Major downside only expected in case banknifty starts trading below 45950 level.also possible reversal upside 45550 level.
Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Hello dear friends
✔️ The long-term downtrend line has been broken.
At the same time, we have a positive RSI divergence in the daily time frame.
✔️ The support range ($1,523) is well maintained.
❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us.
Considering that LL has not...
Hello Dear friends
On the daily chart, according to maintaining the price range of $5, it seems that the possibility of completing the head and shoulder pattern at the end of the downward trend is high.
If the rising trend is above the range of $7.25, we expect it to advance to the yellow range ($8.88).
We would be happy to hear your comments
Analysis of #GBPNZD
The GBPNZD moved expected yesterday after my post from yesterday, now I have a similar setup but on the opposite side of the market.
here I have a bearish harmonic bat pattern that might complete soon near a strong supply zone to provide a reason to get in a sell trade
________________________________________
💭 | Comment your thoughts...
BTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime.
Tendency: ...
Price breakout from Bullish correction followed by an impulsive move to the upside
Price with an LTF correction, waiting for a breakout from correction for an entry
GBPJPY is now ready to go high :
- It is now at the bottom of a long-term uptrend channel
- strong support range with 3 hits
- RSI also touched the oversold range
Don't forget about money management and Risk management :)
SL : 148.190
TP 1 : 151.470
TP 2 : 153.000
I go long ;)
*this is just a personal analysis and this person has no responsibility of...
Daily: Bearish engulfing candle after upper trendline line touch
Price is in an ascending channel
Overall trend = downtrend
4hrs:
LTF correction towards the upper trendline line, Indicating us that price could reject the upper trendline and move to the downside
Price broke out of the LTF correction, need to wait for a correction before an entry
Need to wait...
Hi everyone:
Looking at Cardano for further up move.
Overall price action is finally showing us some bullish potential.
Price was in this deeper consolidation channel structure, correcting the price down.
Latest price action give us an Inverse Head and Shoulder, and a clean LTF bullish push up from the right shoulder flag correction.
All I want to see now...
4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom...
Hello !
Key points :
New trend starting after ABCD pattern
First pullback occuring on 50% retracement
Volume on uptrend is higher than downtrend
Consolidation taking place
ABCD Pattern
This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(06/02/2024)](https://s3.tradingview.com/5/5FKTuewr_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(06/02/2024)")
