As you can see, the photo shows everything detailed this is a classic sample of Dow Theory. You can take a look at the bigger time frame by yourself because this bullish chart pattern seemed like a correction movement. Now I believe that there might be an impulse movement. If you're following my idea, then manage your risks as always thank you.
I placed a wager that Bitcoin will not hit $70,000 before November ends, before placing the wager cos I haven't done so before, I had to look at my chart and understand what the price action looks like cos I am a pure price action trader. Considering the build up so far, a person can identify that we have seen quite a retest from 8th of March through 10th of May,...
After breaking, the resistance of 3170 Asian Paints comfortably traded at 3226. The chart is self-explanatory. We can see confirmation of the trend from the following points. 1) Breakout of dynamic resistance line. 2) Fibonacci level support 3) Higher Low after consecutive Lower lows. Buying Range:3230 to 3170 Stop Loss: 3050 Expected target: 3505, 3800 to...
Bitcoin Dominance showing great amounts of hidden bullish divergence here signaling that the decline in alt coin valuation towards Bitcoin may not be over yet. On more thing to point out here is that soon we will be getting a golden cross on the daily.
The BTC ATH move made for a working weekend last week. Not this weekend markets. Time to unplug. LRC testing resistance, has set it's first 4 Hour Higher Low, looking for a second in a row.
$XVS did a very deep retrace and is making higher lows now, it might be ready to go soon. VERY volatile coin!!
Tracking the Higher Low to ATH retracement with .65 resistance on watch.
new fantom update : We have a nice descending flag, last night the price broke the flag, and now we're on its pullback. This setup has an efficient risk/reward ratio.
We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge? What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to...
We have just followed up a 1 day chart higher low with a higher high which is also a good recipe for a bullish trend reversal. Need to see a follow up additional higher low from here now to really set it in stone but it’s very possible we go all the way up to test the 1 day 200ma (in blue) before that correction down to the next higher low. The target for finally...
Catching a bid here, watching for any consequence for Tech as AMZN had it's day after good news from Consumer Spending.
NSE:BAJAJ_AUTO Making Higher High & Higher Low on weekly chart. Stock is suppose to bounce back from recent swing lows which is around 200 Day EMA. We are recommending to buy stock around 3850 levels with Stop Loss of 3700 for the target of 4300 which near previous swing high.
Apple is slowly rising. It flipped a resistance to a support and it keeps going up with higher highs and higher lows.
* Exceptional earnings year over year * Very strong up trend * Breaking out of a 4 month consolidation period with 63.09% more volume than average * Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well! * Probable ROI is 12.98% if the trade goes in our favor Trade...
For Bank Nifty my personal view is long as BN above 200 EMA and Forming HH HL.
Will the buy signal be triggered? Chart shows the possibility of the Three rising valleys chart pattern and it's target.
Bottom has formed on $VISL w/ bullish PA showing 3 higher lows. TP levels are not 100%, but outline where I have set my long term views at. These are heavy resistance levels so I will base position decisions off of price reaction.
I am seeing bullish price action forming on the index. Potential buy setup. Trade with caution and risk management. This is not a signal just my sentiment on the current price action. God bless.