Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
The candlestick pattern indicates a reversal pattern where the price having a positive momentum towards the MA line without significant in trading volume. Therefore, a precaution for a potenticial price reversal. The price channel indicator provide the upper and lower bound of the price range during a market trend. The indicator uses the highest highs and lowest...
The stock is in up trend in Monthly , weekly. The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40. The weekly has given a multi year breakout, has just broken the supply range at 190. I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 % For an Investment, I would...
The stock is consolidating for about 10 weeks, and ready to move out of the consolidation zone, indicated through price action, RSI is supportive. One may enter and hold for a minimum 10% then trail towards 25% target. Entry - 404-410, Target 452, 522.
The stock is strong in all higher timeframes, strong consolidation in uptrend is happening for the last 10 weeks close to all time high levels. It is now reversing from the base level of 226. Daily and weekly candles shows a price action of reversal. RSI supportive. ENtry - 235 - 240 Target - 270, 280,300.
The candlestick pattern indicates a positive divergence since the stock is in the accumulation stage before proceeding to an uptrend movement. The upper limit triangle-like shape indicates price resistance when prices move up the result of the price action should increase in volume. The MACD and RSI indicators confirm the candlestick pattern which indicates a...
Longer term direction: 4H chart is in a downtrend, with a visible Resistance level where we try to enter. Also, the daily chart has 10EMA below 20EMA. Potential Wyckoff Upthrust with a good Outside bar for entry at the 2H chart that can give an excellent risk-to-reward trade. Target1 is 1 to 1 move or the nearest low and Target 2 is the 161% Fibonacci...
Keeping things simple, stick to the higher time frames, you have all the information you really need. Check my previous ideas for W1 and D1 analysis This idea further strengthens by bearish position (In the short-term) Explanation given in the chart Given the current price action, I'm expecting price to either range or correct (I think a correction is more likely)
Dark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments. NYSE:CHWY is working on a...
hello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now...
NYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day. Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock. The higher line is the bottom completion level for this short-term bottom. The...
Luxury fashion brands are popular for speculation heading into the holidays. With a few points to the bottom completion resistance, NYSE:TPR has a swing trading entry signal, 2 in a row now. Resting days that create a narrow consolidation can be powerful momentum-building patterns for short-term trading. Swing trading, rather than day trading, these setups...
We expect further downside on this pair, signalled by a huge bearish engulfing candle pattern on the H1 time frame.
INFY 1hour chart forms a Symmetrical triangle pattern more support in bottom trend line. keep this stock in watchlist breakout will happen within 1 or 2 month. Monitor this stock for both EQUITY and F&O trades. My view in this stock is go LONG.. TARGET 1 ---> 1650 TARGET 2 ---> 1800
As you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we...
Stocks that are forming bottoms right now are completing faster due to the improvement of their fundamentals in the current quarter. For example, NASDAQ:VRNT is moving out of the extreme dump by HFTs and retail groups. This is a common pattern that indicates shifting sentiment in a bottom formation. The candlesticks stairstep upward as Pro Traders get in...
Hello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily...
Hello, dear traders and colleagues. I wish you all a successful trading week. Let's examine the AUDNZD chart to identify a potential selling opportunity. As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show...