The price index after completion of Harmonic Chart Pattern AB=CD is going to retrace for correction and cooling down to nearest support level highlighted. The ascending support trend line complements the highlighted support zone. Therefore, price is expected to hold for brief interval and enter into sideways movement before preparing itself for another upward...
The Dynamic Trend Line and ascending Support line and Fib Level 61.80% and Moving Average 14 have converged and formed a Key Area of Confluence. The price action is repelled by key Area Of Confluence and pushed into bullish Momentum The price action has provided trade opportunity Long at current market price with TP and SL @ of RRR 2:1%, respectively.
As predicted on 10/02/2023 the price action after collecting the order blocks on the price of its choosing and now broke-out into bullish momentum. The price after retracement to Fib Level 61.80% faced rejection and formed long bullish C/S and yet another sign of bullish momentum. The price action confirmed its bullish momentum when it breached both 9 MA and...
The price index after creating Bullish Falg is an indication of Bullish run. Secondly the price has retraced to Fib level 61.80% is another indication of Bullish tendency. Trade Opportunity long could be available after break-out from Flag pattern with SL at immediate HL and TP RRR 2:1%
The price action moved exactly as predicted on 05/02/2023 After consolidation and collection of order block on discounted prices of its own choosing the Smart will resume its bullish move. In case the price doesn't find any support, it will retrace to 23.60% for consolidation.
The price is about to end its consolidation period of five days today before becoming bullish and move upwards. The 50 MA has proven as consistent support for the price action during its consolidation state. The volume also doesn't support the break-out as yet. Watch for the break-out and buy trade can be attempted after the price crosses the stage of...
The price index is trying to break the above once but failed. The previous corresponding resistance was tried six times before it was breached through a violent bullish leap which ended in historic HH of the recent past. It is expected to remain in the highlighted region for the same number of days before becoming bullish. The estimated date for making a...
1) The price action has also completed chart Pattern "W" which is always considered an indication of correction towards bearish side. 2) The price action after devouring the BeOB (Bearish Order Block) is expected to retrace to Fib level 50.0% and take the BuOB (Bullish Order Block) before resume its bullish journey to go for second...
1) Support Level has stood the test of recent historical price action on various occasion. Therefore, it is expected that therefore, are immediate prospects the trend becoming bullish until it picks its order block at point No.1 2) The price index started its journey from point Not.1 and created and fixed an order block of...
1) After completing Harmonic pattern "W" the price action is retraced and heading for correction towards strong support at Fib level of 61.80%. 2) The price is expected to consolidate itself in the Fib Golden Zone before resuming its bullish run. 3) The period of consolidation is expected to last for same time as highlighted before. Trade Opportunity arises...
Bullish Biases 1) The daily time frame (DTF) shows that the price action has breached both Tenkan-sen (Conversion Line) and Kinjun-Sen (Base Line) from below as point No.1. 2) Though the price action has successfully penetrated Tenkan-sen and Kinjun-sen shown at point No.2 but the fair size of Kumo (cloud) is expected to withhold...
1) As predicted on 02/02/2023 the price action has behaved exactly in the same fashion and on its way to get the bullish Order Block. 2) The price action is roaming around in Golden Zone of Fib. It is expected to face support from Fib level at 61.80% before breaking through and get to Fib level of 50% as strong support. 3) The confluence of...
Although the price faced rejection from key area of confluence and repelled but the trend still it managed to breach the resistance. It implies that it is a potential bullish run. CHoCH (Change of Character) occurred meaning the price actin has strong tendency of bullish on its way to 13720. Chart Assessment is based on probabilities, guess work and only for...
As predicted on 02/02/2023 the price action has come to get its target at 1867. The index is expected to move in the same fashion in bullish run. Watch out for the bullish movement to grab good opportunity of long trade entry after 1895 with SL and TP at RRR 1:2%
Completion of 5-3 Move of Elliot Waves Pattern indicates of trend Reversal. Double Bottom formation is also indication of trend reversal. Bullish Diversion in RSI also supports the trend reversal into Bullish. Entry at current market level whereas SL and TP on the basis of RRR 2:1% P.S.This is an educational assessment and guess work and not trade...
After making HH, the price action is due for brief correction. The price action is expected to experience some resistance from ascending and descending trend lines before its break-out. Chart assessment suggests trade entry on break-out with SL and TP on the basis of RRR 2%. P.S.This is an educational assessment and guess work and not trade recommendation....
After grabbing the bearish order block at price level 23567 highlighted the index has turned bearish is on correction course to cool down for next bullish run.
The price action after devouring the liquidity highlighted is on its way to take Bearish Order Block. Brace yourself for 40 pips profit if you are convinced for going long at current market level. P.S.This is an educational assessment and guess work and not trade recommendation. Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.