The Nasdaq price continued its downtrend and dipped into our green target zone between 15 292 and 14 431 points. Here, we now expect the green wave 4 to end. Following this wave, we anticipate a substantial rise above resistance at 16 062 with green wave 5. However, we think it is 35% likely that the price will go below this zone. In this alternative scenario, it...
Hi Traders! With the FOMC Minutes Meeting later today, traders will be eagerly awaiting their latest stance on the inflation issues in the US. The dollar index is near its 6-week resistance level of 103.572, and looking at the price action on the chart, it looks bullish; however, there are signs of a possible reversal. The market is currently in an ascending...
Hi Traders! USDJPY has finally broken above the two-month 145.073 resistance level and is quickly approaching 146. The psychological 150 level is now in sight. The price action shown here on the 1W chart is very bullish; the range zone has been broken, and we are above our 20 EMA. The 145.073 resistance level might be tested now as support, and we are looking...
The Airbnb share price is heading increasingly toward our magenta target zone with its magenta wave (ii). After reaching it, we expect a far-reaching rise in the magenta wave (iii), which will extend to around 200. Necessary for our primary scenario here is that the price stays within the support at $103.55. When crossing, the alternative would activate, which we...
Hi Traders! We have a range opportunity here on the GBPUSD 3H chart. The market is currently trading in a 73-pip range. The support of the range is at 1.26660, and the resistance is at 1.27390. The market has been in this range since the upside price rejection candle, which we have highlighted on the chart, leading to the downside impulsive move, and now the...
GODREJ PROPERTIES LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1595+. ✅Can Go Long in this stock by placing a stop loss below 1515-.
🔸the chart is good as long as bulls remains the major trendline. 🔸btc forming falling wedge pattern in daiy chart and breakout the pattern and successfull retest is the road for 33k or at least will visit it's previous top at 31800$. we have a very strong support too -100 MA -the major trend 🔸and both are so close of each other ... that make this area in...
The copper price is back in our blue target zone and dedicates itself to extending the low of its blue wave (c). After this fall, we expect significant rises in the context of the magenta wave (y) above the resistance at $4.19. In the short term, speculative opportunities are thus given here on the long side with the active blue target zone. Subsequently, however,...
With this wedge forming with TSM and this trendline as support I think this could be a monster trade. I'm targeting 135 for Wave 3, 115 for Wave 4, and then around 160 for Wave 5. Some people think this could fill the gap but I don't think so. If you look at TSM and Tesla they look very similar and Tesla didn't fill the gap and stopped halfway just like TSM will...
Hi Traders! AUDUSD is nearing its 2023 low at 0.64583. Looking at the price action on the 1D chart, our bearish stance worked well, and since the double top pattern was established, the market has been on a downtrend with no upside relief. Yesterday we had a huge upside rejection candle at 0.66170, which we have highlighted on the chart. This is now a resistance...
Hi Traders! There is a potential triangle breakout opportunity here on the GBPUSD 4H chart. We are looking for a momentum break and close on either side of the triangle. To the upside we have resistance at 1.27922 and a momentum break and a close above this level we have a target at 1.28499. To the downside we are looking for a break and close below our...
For two weeks now, Honeywell stock has been heading south, losing more than 10%. It has completed the magenta wave (B) and is currently in the same colored wave (C). Even though the price has rallied a bit this week, we believe that the end of this wave is only in sight further south in our green target zone between $182.14 and $173.09 and that the price should...
Hi Traders! Ahead of the US CPI data in a couple of hours, USDJPY is trading with momentum, and we could finally see the 145.073 resistance level broken if the inflation outlook looks positive for the US. Looking at the 1W chart, the market looks bullish; we are above the 20 EMA; last week's high was broken; and even with the weaker than expected US jobs report...
Having completed the green wave B with its high in the last week of July, Deutsche Bank is now in a small correction that will complete the orange wave ii. Once this correction is over, our primary scenario is for a strong uptrend to break through resistance at 14.63€. If the price continues to fall, our alternative will be activated. According to this scenario,...
OBEROI REALTY LTD Key highlights: 💡⚡ ✅On1hr Time Frame Stock Showing Breakdown of Triangle Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 1010-. ✅Can Go short in this stock by placing a stop loss above 1110+
Buy Above 45120 Target-1 45250 Target-2 45340 Target-3 45400 Sell Below 44850 Target-1 44750 Target-2 44600 Target-3 44445 Target-4 44315
The Apple price has fallen significantly and has meanwhile dipped into our green target zone. Thus, we think that it is currently in its green wave (4), whose end it should slowly dedicate itself to. Afterwards, it then goes uphill for him, why placing long orders is worthwhile. Alternatively, it would go even further downhill should the price fall below the upper...
Hi Traders! We have a potential double-top opportunity on the USOIL 1D chart. Our previous bullish view worked perfectly, and our prediction of reaching the 83.49 resistance after the psychological 80.00 break came through. The market looks to now be exhausted near the 83.49 resistance level, and the price action is indicating a possible reversal of the bullish...