It is fascinating to see how the Key level @ $0.71600 appears to be a decision-maker for traders in the last 30days as Breakdown/Breakout of this level points at the prevailing direction of the price. Looking beyond this... We are now at a juncture in the market where the chart formation that predicts a bullish-to-bearish trend reversal becomes a unique tool for...
BPCL is at a very crucial level. A good short trade is expected. Breakdown of 2 months trend - Good fall . Breakout trade can give 1% to 1.5% targets. Short below- 390 Target 1 - 380, Tgt 2 - 370. St Loss - 395 Buy above - 395 Target 1 - 400, Tgt 2-405+ St loss-390
For this trade i am looking for a breakdown from the zone before a retest followed by a signaling bar such such as an bearish engulf or 3 bar reversal with a lower close before having a entry
A good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price...
morning everyone, breakdown a few things on this. and some need time to play out i'm in no rush to sell or buy but they look really nice and could show price action very soon keep them on your watch and be ready for when the time comes
Please leave a like and comment if you enjoyed the analysis. All notes are on the chart, trying to keep it simple.
There is a semicircle breakdown in ITC which reflects there will be further downfall in ITC. Stock is Trading below 50, 20 and even 10 days moving average which shows stock is in down trend. Lower Risk deviation of Bollinger bands stock is falling at rapid pace. I would suggest to short ITC Sell- 206 Stoploss- 218 Target- 202.65, 197.95, 189.80 Time frame 1-2 weeks
channel breakdown expect 845-- 840
BTC shows a strong bearish favor in weekend After a dump and pump of BTC on Sep. 19, 2019, BTC's price has formed a descending triangle pattern on the M30 timeframe. Though local resistance prevents BTC to go down, most of the indicators on most of the lower timeframe (H4 and lower) point to bearish favor. Though triangle patterns are the bilateral patterns,...
Broke down a the Parallel Channel Tool , These are the main features that you might need to know when using the tool!
Another high probability long on bearish wolf wave patern Gbpjpy H1 timeframe. With Buy limit order on 151.264 with target 153.051 and with stop on 150.420.