Today we see an important move in TSLA's share price, a break of the resistance level of its previous top at $252.75. Now, after the breakout, we see that this area is serving as intraday support, which is in line with the principle of polarity (former supports can become future resistances and vice versa). Since our last analysis last week, we see that the...
SSE:000001 chart mapping/analysis. Bearish H&S formation on weekly chart. Price action already broken below multi-decade trend-line. Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Bitcoin sold off somewhat in the past few hours and thus continued approaching the turquoise Target Zone (coordinates: $40 323 - $35 374). Within this Zone, we now primarily expect the low of wave (iv) in turquoise to be developed and the trend to turn north again. Following this interim correction, the cryptocurrency should then move safely above the resistance...
Hi Traders! NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level. Here are the details: The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21450 level and then possible upside rally up to 21570 level in today's session. in case nifty trades below 21400 level then the downside target can go up to the 21280 level.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 Level & this rally can extend another 400 point if market gives breakout 48550 level. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible Reversal Downside 48450 level.
Hello traders what do you think about gold? traders gold now see a triple Top (Bearish pattern channels In trading.a triple top pattern is a bearish chart pattern that indicates a potential trend 📉 reversel from an uptrend to a downtrend lt is characterized by Three conservative peaks (or highs) that are approximately equal; following by a price...
The recent market dynamics have witnessed a shift in momentum, with a notable surge in strength last week, propelling prices to reach 44,696. Subsequently, a new short-term trend has emerged, indicated by the green chart. Despite multiple attempts, the market has been unable to breach its resistance, suggesting a prevailing bearish sentiment. According to the...
Strong Breakout in M&M 1. Moving above 50EMA 2. After breakout looking stong for upward 3. Last 6 Month Breakout Done In Mahinda And Mahindra
Hello Traders! In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade. For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for...
TATA COMMUNICATION LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1810+. ✅Can Go Long in this stock by placing a stop loss below 1754-.
Nifty will be gap down opening in today's session. After opening nifty start trading below 21180 level and then possible downside rally up to 21060 in today's session. in case nifty trades above 21210 level then the upside target can go up to the 21330 level.
The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative...
Hi Traders! USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks. Here are the details: The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly...
Hi Traders! SPX looks to have confirmed the support test. There is a long opportunity near the support level of 4541.25 for a potential break above the five-month resistance at 4607.07. Here are the details: The market has comfortably held above the 4541.25 level for more than a week. Preferred Direction: Buy Entry Level: 4554.73 Stop Level: 4498.97 Target...
Hi Traders! AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924. Preferred...
CAPITALCOM:US500 chart mapping/analysis. S&P 500 holding in choppy consolidation after November ripper rally. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~4610 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = re-test ~4820 previous/historical...
CAPITALCOM:US100 chart mapping/analysis. Nasdaq 100 consolidating into key macro economic news, much like S&P 500. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = new historical highs...