HFT appears to be within a bearish diametric.
It is now in the middle of wave E. Usually, E waves are very powerful.
By maintaining the red range, it can drop further down. We are looking for sell/short positions in the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk...
Based on the wave counter that has been done, you can see that in the 4-hour time frame, there is a lot of possibility and potential to reduce the price to at least 1.1955.
BOME has a strong resistance range ahead.
It appears to be forming a triangle or a more complex pattern.
When you reach the supply range, you can look for buy/long positions.
Demand range can be a good place to save profit.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and...
First of all, pay attention to the time frame.
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to...
According to the price chart, NZDUSD will
probably fall in the 4-hour time frame and will go
down to the 0.57540 range. This is an idea that has
a lot of potential to be realized, but it should be
entered into the transaction with capital
management and with low risk.
An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis.
Weekly...
Considering that the index has crossed the support range, it is expected that the continuation of the downward trend will be formed until the specified support levels.
In this case, a medium-term downward trend will probably be formed
According to the behavior of the price in the current resistance range, possible scenarios have been identified.
A downward trend is expected. If the price crosses the resistance range, the upward trend can advance up to the previous ceiling range or beyond it.
Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend.
By crossing the support range, the above scenarios will become invalid
It is expected that the price will be formed in the current resistance range of the trend change and we will see the beginning of the correction process.
By crossing the resistance range and the resistance trend line, the continuation of the upward trend is likely.
If the price crosses the support range, it will be possible to start a downward trend
If the price fluctuates above the green support range, it is expected that the beginning of the upward trend will be formed according to the specified paths.
By crossing the red support zone, the bullish scenario will be invalidated
According to the structure of the corrective pattern, it is expected that the price will cross the resistance range and advance to the specified Fibonacci levels.
If the price is not able to stabilize above the resistance range, a downward trend is expected to form until the support trend line.
If the price fluctuates below the current resistance range, it is expected that the continuation of the downward trend will be created by breaking the support range.
If it stabilizes above the resistance range, the above scenario will be invalid
It is expected that the upward trend will change the trend in the current resistance range and the beginning of the corrective trend will be formed.
Then, within the range of support levels, the uptrend is expected to
It is expected that after some fluctuation in the current support range, the beginning of the upward trend will be formed.
By passing through the resistance range, it can advance to the resistance trend line
It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend.
If the price crosses the resistance range, it will be possible to continue the upward trend up to the specified resistance levels
near has a bearish structure. Price is constantly respecting supplies and creating lower Ls.
If the price returns to the red range, we will look for sell/short positions in this range.
Note that the green range is a strong support range!
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop...
From the specified supply in the previous analysis, there was a good drop.
The white line corresponds to the price movement in the previous analysis and the gray line corresponds to the movement of this analysis
We have updated the support range.
Now the price is near an important support area.
By maintaining the green range, it can move towards the TPs. When...
