AVN=====Bearish Trend Before Bullish Making Higher high and higher low hen came to Resistance gets Rejection of Prices Show with Divergence in RSI and Volume Now Trend is Change Making Bearish Flag Breakout of This Flag Gets more chances to Trend continue to Bearish Shortby ali110022
AVN | Flag PatternAVN is currently within a Bull Flag pattern, facing resistance around 53. Multiple barriers hinder breakout. Anticipation for bullish reversal towards 56-59 post-breakout; breach below 49 signals potential bearish momentum.Longby mbaberhanifUpdated 336
AVN (Intraday/Short Swing)AVN is in a bullish trend. 2 hourly channel tops. Consolidating to go for further targets at 63 after crossing 66 is our next target. Sell AVN from 63-66. Buy AVN from 59-61. SL At 57.Longby Earn_withHassaan4
Test Case - Bullish Divergence will Play or H&S Pattern?Bullish Divergence on Daily TF H&S Pattern yet to complete its Right Shoulderby House-of-Technicals0
Bullish Pin Bar* Bullish Pin Bar & Closing Just Above Symmetrical Triangle on Daily Basis * Bullish on Hourly Basis * 62 should be Crossed & Sustained for Further Upsideby House-of-Technicals1
AVN is BullishAVN has finally given a breakout from the declining phase, and is currently breaking the previous lower high. After the formation of a higher high, a bullish rally is expected to be triggered from here. Targets are mentioned on the chart. Longby Fahad-Rafique2
ABCD Patterns in play!Bullish Divergence on Daily TF Also ABCD pattern is completed around 46 However, another ABCD Pattern is in play and we may witness 43 - 44 by House-of-Technicals0
AVN bull run continuesAVN broke the long continued bull run as seen in the charts. Onto its next supportShortby the_terrific_m0
AVN is in major wave [5] since 2023𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐉𝐚𝐧-𝟐𝟕 (Weekly TF) 𝐒𝐜𝐫𝐢𝐩𝐭: Avancoen (𝑨𝑽𝑵) Considering the price action, and price 40.5 as the bottom of larger wave and start of wave , there are two major scenarios for a 𝑙𝑒𝑎𝑑𝑖𝑛𝑔 𝑑𝑖𝑎𝑔𝑜𝑛𝑎𝑙 𝑤𝑎𝑣𝑒. 𝐀 - 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐝𝐢𝐚𝐠𝐨𝐧𝐚𝐥 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝟏: (𝐁𝐥𝐚𝐜𝐤 𝐥𝐢𝐧𝐞𝐬) 1- The wave movement does not seems to be impulsive, rather more looks like diagonal since wave 3 in wave (1) of major wave is only 1:1 which is characteristic of non-impulsive wave 3. 2- Secondly the 𝑟𝑒𝑡𝑟𝑎𝑐𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑤𝑎𝑣𝑒 4 trespassing 61.8% also indicates diagonal characteristic. 3- In a diagonal case the wave 4 can retrace beyond the border of wave 1 top and can extend down to 88% (~47 price). 4- In diagonals 𝑤𝑎𝑣𝑒 5 𝑚𝑎𝑦 𝑛𝑜𝑡 𝑏𝑒 𝑒𝑥𝑡𝑒𝑛𝑑𝑒𝑑, hence the 𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒 𝑡𝑎𝑟𝑔𝑒𝑡𝑠 𝑓𝑜𝑟 𝑤𝑎𝑣𝑒 5 could be 61.8% or 78.6% i.e. (69.35 𝑜𝑟 75.65, 𝑟𝑒𝑠𝑝𝑒𝑐𝑡𝑖𝑣𝑒𝑙𝑦). 𝐁- 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐝𝐢𝐚𝐠𝐨𝐧𝐚𝐥 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝟐: (𝐑𝐞𝐝 𝐥𝐢𝐧𝐞𝐬) 1- Since the length of 𝑡ℎ𝑖𝑟𝑑 𝑖𝑚𝑝𝑢𝑙𝑠𝑒 𝑤𝑎𝑣𝑒 is only 1:1 which is characteristic of 𝑤𝑎𝑣𝑒 𝐶, therefore the possibility of wave 3 in wave (1) of wave can be ignored. 2- The possibility of wave C formation can also be supported if the current corrective wave can retrace 𝑏𝑒𝑦𝑜𝑛𝑑 61.8% 𝑐𝑜𝑟𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝑠𝑢𝑏𝑠𝑡𝑎𝑛𝑡𝑖𝑎𝑙𝑙𝑦. 3- In this scenario the top of wave C is considered as wave 1 top of wave (1) of wave . 4- the correction will be of wave 2, and 𝑤𝑎𝑣𝑒 2 has the chances 𝑡𝑜 𝑟𝑒𝑡𝑟𝑎𝑐𝑒 𝑎𝑠 𝑚𝑢𝑐ℎ 𝑎𝑠 88.2%). 5- Thus the downtrend bottom value could be 𝑏𝑒𝑡𝑤𝑒𝑒𝑛 41-43. 𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧𝐬: The price action suggests that the 𝑑𝑜𝑤𝑛𝑡𝑟𝑒𝑛𝑑 𝑚𝑜𝑣𝑒𝑚𝑒𝑛𝑡 𝑖𝑠 𝑠𝑡𝑖𝑙𝑙 𝑜𝑛𝑔𝑜𝑖𝑛𝑔 and the 𝑠𝑐𝑒𝑛𝑎𝑟𝑖𝑜 𝐵 𝑙𝑜𝑜𝑘𝑠 𝑚𝑜𝑟𝑒 𝑝𝑟𝑜𝑏𝑎𝑏𝑙𝑒, which means that we can see a retracement all the way down to 47-49 𝒊𝒏 𝒄𝒐𝒎𝒊𝒏𝒈 𝒘𝒆𝒆𝒌𝒔. This also suggests that 𝐀𝐕𝐍 may be 𝐧𝐨𝐭 𝐚 𝐠𝐨𝐨𝐝 𝐜𝐡𝐨𝐢𝐜𝐞 𝐟𝐨𝐫 𝐢𝐦𝐩𝐮𝐥𝐬𝐢𝐯𝐞 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 but could be a 𝑠𝑢𝑖𝑡𝑎𝑏𝑙𝑒 𝑐𝑎𝑛𝑑𝑖𝑑𝑎𝑡𝑒 𝑓𝑜𝑟 𝑐ℎ𝑎𝑛𝑛𝑒𝑙 𝑏𝑜𝑢𝑛𝑑 𝑠𝑖𝑑𝑒𝑤𝑎𝑦𝑠 𝑡𝑟𝑎𝑑𝑖𝑛𝑔. 𝐍𝐨𝐭𝐞: 𝑴𝒐𝒗𝒊𝒏𝒈 𝒃𝒆𝒍𝒐𝒘 40.6 𝒊𝒏𝒗𝒂𝒍𝒊𝒅𝒂𝒕𝒆 𝒕𝒉𝒆 𝒘𝒉𝒐𝒍𝒆 𝒔𝒄𝒆𝒏𝒂𝒓𝒊𝒐 (𝑩𝒐𝒕𝒉 𝑨 𝒂𝒏𝒅 𝑩).Longby TraderzWorld0
AVN AVN is trade with Head and shoulder pattern. As the price is been on high bull run but now it seems like price is lacking bullish momentum after making Head and shoulder pattern , LH suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 37. We can take short entry at break of neckline of Head and shoulder pattern so it'll be confirm that trend reverse by SignalEdge3
AVNLooking at the chart, we observe the formation of a symmetrical triangle pattern. The converging trendlines suggest a period of indecision in the market. As breakout is observed, we could see a bullish continuation with a potential target based of 68 on the triangle's height. Conversely, a downside breakout might indicate a bearish move (stop loss: 50), and traders should be cautious, considering the support level as a key point to watch."Longby mbaberhanif112
AVN is BullishAVN is extremely bullish at daily time frame, it is bouncing from the trendline, and defining new higher highs and higher lows according to Doe theory. The trend is more likely to continue further and there is ample room for growth in the price of the asset. The analysis further validated through AB=CD pattern projection. Targets are mentioned on the chart. P.S Entry point is determined through Fib retracement level of 0.382 Longby Fahad-Rafique111
AVN - KSE100 - HIGHER LOW?Buy above 54, with the stop loss of 48, Tp1 60 & Tp2 67.Longby Khaleejtajir0
AVN PSX KSE100Price takes support from mid of channel. Once Break the channel may move toward --> 68 --> 76 --> 83Longby prokhalidraza222
AVNBuy1 around 64 - 64.50 Buy2 around 61.50 -62 TP1 : 67 TP2 : 69 SL : 58.50 (closing basis)by House-of-TechnicalsUpdated 0
AVN continue to test the trendAVN tested the resistance and now trading around the zone. Upcoming days crucial with volume levels down.by the_terrific_m0
PSX - AVN OulookAVN is heading to toward breakout. Go for long on breakout @59.47 Entry:59.47 SL: 52 TP1:66.47 TP2:73.47Longby Munawaz1
AVN PSX KSE100AVN tested bottom now forming flat top Ascending Wedge pattern which is bearish reversal immediate TP around (Rs:70) Sharing for Learning Prospect RegardLongby prokhalidraza6
#AVN #PSX #KSE100 #AVN AVENCEON Expected Swing. The Price is Approaching its expected bottom before it shows a major move.by civil.estimation1
AVN:PSX is likely for a Bullish Reversal on 1D timeframeAVN:PXS is presently in downtrend, printing LHs and LLs however on 31 Aug 23, it failed to establish a new LL are started consolidation. Bullish divergence on RSI is also observed on 1D as well as 1W timeframes establishing a confluence on a likely bullish reversal upon breaking above the previous H as marked on chart. Suitably, SL and TP have been marked on chart for a long position on AVN.Longby UsmanFarouk2
AVN PSX Symbol: AVN Stance: Bullish TP: 60 Disclaimer: please do not take as Buy/Sell Call its for just for practice purposeLongby prokhalidraza0
AVN head and Shoulder pattern going shortAVN formed a head and shoulder pattern. I was working on this trade since August 16th and once the neckline formed I entered into a short trade with sell stop order on August 25, 2023. Although bearish divergence was not present, I still executed the trade knowing the pressure in the market which was evident in KSE 100 index and other tech leading scrips such as SYSTEM and TRG were forming divergence. Hence I took the weakness of the sector into consideration and neglected the divergence rule for the Head and shoulder pattern. Already TP1 hit and now waiting for TP2. Also I am anticipating PRZ where once bullish divergence is formed, I will go long after confirmation of a reversal via dow theory. by adeelahm19795