IDEA
Xauusd Next Target ?GOLD was pushed lower ar consolidation zone. Bulls are clearly running out of steam.
The market rejected the resistance three times, and the level held the price.
If you notice that the price action is printing a possible head and shoulders pattern.
We expect a pullback from the confluence zone; the resistance at 1935–1930 + 50% fibo + dynamic resistance cross.
EKI Energy good for investmentFundamentals:-
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 358% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 171%
Technicals-
Near demand zone
Accumlate near 1400-1500 or on breakout and closing above trendline.
SL 1220, closing basis.
Good for long term investment.
Swing can be taken on trendline breakout.
not a sebi registred advisor, for education only.
Saptarish trading.
STPTUSDT#STPTUSDT
we have very important and strong support zone in 07/2021 price flew from this powerful support zone TO 600% dont's miss up this opportunity buy and hold it to the next targets at the chart RSI showing bullish EMAs showing a bullish move MACD is showing bullish ZELMA is neutral Ichimoku cloud is bullish Accumulation distribution is bullish Fib retracement is neutral
$BTC basic resistance/support 101. Long Basic concept "Resistance and Support". Using Fib scale as our resistance and support levels.
Things to Note
Do not ignore the wicks.
Do not ignore the wicks!!!!
Left to right - White box is start (bottom left) of support bounce to start (Top Right) of a resistance bounce
[*) Fib levels are respected - Clear wick action where price is pushed with force in the opposite direction at said levels. Also know as a bounce.
If we "bounced" off the bottom Fib level then our next bounce opportunity in the opposite direction is at $29,000















