The price literally repeated the path that it traveled from December to January, only now in the opposite direction. At the beginning of December, it started to grow from the level of 1.192, then it corrected at 1.207, after - 1.215. And as a result, at the beginning of January it reached a maximum of 1.232. Then it began to fall, fixing everything at the same...
The main price movement for the last two months has been between the levels 126.7 and 125.0. At the same time, there were two false breakouts of the upper level, which formed another price zone 127.4, but so far we are not interested in it. Correction level 125.9 was formed within this interval. The price just reached it and started to rise. It will rise to the...
I can see price will fall from resistance level and possible go down to 200ma moving average level. This is personal view.
The price came to the resistance line at 0.986 and even tried to break it, but the breakout turned out to be false. Which is not surprising, since this is a strong resistance line that appeared back in 2019. And, as we remember, the last time the price touched it - and this happened in July 2020 at 0.967 - it collapsed. During the fall, the price then came to the...
The price continues to move above the historically strong resistance level. As mentioned last time, it rallied from the zone and secured itself on the support line in the area of 1.209. And now it has come to the resistance line 1.217. This resistance line has existed on the chart since July and during these six months the price has touched it more than five...
Yesterday we talked about the fact that gold will move in two stages. And the first of them - namely, the price rise to the resistance line has just passed. As you can see on the chart after a strong upside momentum from the support line that happened in August, Gold is in a long downtrend. The price movement in the thread is caused by two rather strong...
Two lines are especially important on the Gold chart now: resistance and support. The resistance line was broken only once in early November during the US elections. The price also broke through the support line, but it turned out to be a false breakout. The fall after the breakout was stopped by a strong support line, which has been forming since 2019. And after...
From the beginning of November, we could observe a fairly confident rise in the price during which it was able to break through several support lines at once. The growth was accompanied by small pullbacks, but in general it was quite strong. Based on experience, we can say that such a steady growth cannot be truly long and the price will begin to fall. It can be...
Since June 2020, the price has been moving in a Wedge pattern between tapering support and resistance lines. At the same time, the price movement is quite sweeping. This is particularly influenced by the resistance line. The price had no more than three touches of this line and after each of them there was a collapse. Not far from this line, a small...
The price continues to form the movement that we expect from the beginning of this week: First, it fell from the resistance level, bringing us 50 profit along with a sell signal. Then it turned around in a small correction and touched the resistance level again. The next step in the price should be a fall Since a small breakdown by the candlestick's shadow...
The movement of Gold in the Wedge pattern continues to form a figure. We know that in this case - price fluctuations are getting smaller, it literally stabilizes between two closely spaced and intersecting support and resistance lines. Recently, the price just came to the resistance line. And in the last forecast I said that it will start to fall - we can see...
Gold continues to fall. But before we talk about the performance of this Monday, I want to remind you of how the situation with the formation of the price of gold developed over the past week. Let's remember the last 4 predictions that came true. October 27 - finished shaping the shape. October 28 - went beyond the channel and we predicted a strong downward...
ICICIBANK - The drop was impulse down as A wave. Expecting bounce of B wave as sell opportunity for C wave down. Wait for B to finish up to zone 405-415 with stop loss level above 428.60. Give thumbs up if you really like the trade idea.
HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower. Give thumbs up if you really like the trade idea.
Welcome guys, CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis. ADAUSDT - It is in (B) wave as wxy correction up and y is in progress as abc. so wait for it to be finish and sell it with...
Infratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target...
Welcome guys, CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis. ZECUSD - It has completed in choppy up trend, where it completed one down cycle as impulse wave A and correcting in wave B. Dump...