Brent futures and WTI crude surge, echoing OPEC’s bullish demand outlook and tighter global oil inventory projections. Tightening supply concerns remain at the forefront of the oil price surge. Libya, an OPEC member, recently closed four eastern oil export terminals due to a severe storm. Additionally, Saudi Arabia and Russia have extended their voluntary supply...
-A bullish harmonic pattern “BUTTERFLY” was detected in (H4) -On the downside, 11.82 should be watched. -But the probabilities are stronger on the rise. -The ECB’s speech will perhaps “change the situation”. -Don't forget that Volatility lives up to its name VERY well! -Be careful and “stay covered!” » ;-)
Amid China’s promising economic data, XAU/USD spot values surged, though gold faces challenges with rising global rates. -----Highlights Gold prices rise as dollar weakens against the yuan, fueled by strong Chinese economic data. Potential U.S. rate hikes cast a shadow, making investors wary despite positive signs. Robust U.S. economic data may delay anticipated...
DAX: Bearish BUTTERFLY - Beyond the technical aspect, we can see that the DAX will spark a huge bullish rally following Madame Lagarde's interest rate hike announcement. As far as I remember, interest rate increases rarely increase 1% at the same time. Today's excuses for "buying rising rates" include: “We buy because we feel the upward cycle is over, and this...
Despite major crude oil supply cuts, U.S. dollar resurgence and China’s recovery fears curtailed bullish trends. Short-term Forecast While the extended supply cuts and the recent U.S. inventory draw provide some bullish sentiments, the evolving economic landscape, especially in China, and possible Russian export boosts due to seasonal refinery maintenance, present...
confluence of dip-down pattern and wolfe wave pattern wait to see the result
confluence of wolfe wave pattern and dip-down pattern see what would be the result
Analyzing the options chain and the chart patterns of WOLF Wolfspeed prior to the earnings report this week, I would consider purchasing the 45usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $3.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
Adani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script. Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation...
Expecting crude to go short below, down side swing #1, once it breaks then the fall is impulsive.
Crude Oil is just started downside. expecting to start moving down below swing#1. If it starts moving down below 1, then it will start moving impulsively.
Crude Oil is just started downside. expecting to start moving down below swing#1. If it starts moving down below 1, then it will start moving implusively.
CRUDE OIL expecting to go down from here. Wolfe wave is going get triggered around this levels and is going to go down impulsive to touch around 78 levels.
Crude created wolfe-wave formation, expecting to touch 78 and the after confirmation, the fall is real impulsive!
If we hold the level of 33, a short-term growth of $ 52 is possible. If we go higher, we can reach $70. Perhaps we are working out the Wyckoff method.
SBIN This is 2hr chart of SBIN... Negative WW pattern developed in it ... As long as price stays below red line... it would be looking to touch blue and black lines respectively Just a View!! Vedang :) Chart is for study purpose only!!
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Stocks which are good for Bottom Picks as per Wolfe Wave Strategy.