H1 chart - Is resistance zone stronger or drawing trend lines better?
#ABFRL very close to a range Breakout Stock gaining Strength & Volumes building up. Another Wedding/Festive & Holiday Season Theme Stock Take 5-10% & Keep Trailling Keep Sharing, loving & following for more Learning. Happy Trading !!!
HD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265,...
Everything indicates that the recession in 2023 is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Nothing is for sure, but it's based on historical statistical data. The DXY index is currently sitting at the strongest support ever created. It's the rectangle line + wave (3) + wave 1. As per Elliott Wave rules, in an...
Hello guys, as you can see price create very bullish sign in the middle of trading range if it could break above blue line , what I expect is pomp for Link Stay safe ;)
Dow Jones Index price action analysis. Key levels & potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Short the breakout Rounded top pattern Sell Ride the wave down
Bullish Indications 1. Higher Highs and Lows 2. Tweezer Bottom and Bullish Engulfing on HL 3. Break 0.5 fib support level 4. Break Upper Resistance Trendline 5. Formation of Bullish Flag 6.12 out of 16 years December remains bullish 7. Trend is not mature enough to make it a reversal Seasonal Data for the Past 15-16 Years Dec-06 => Green Dec-07 => Green Dec-08 =>...
HDFCbank was trading in a range from past 1 month & it broke out of it today with good volumes. Could be bought with mentioned stoploss & target.
This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH! As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I...
*This is NOT a trading signal. This is just a trading ideas. If you want to follow, make sure you know how to manage your RISK (MONEY MANAGEMENT).
Hey traders, Very peculiar situation on EURUSD at the moment. Analyzing a daily chart, we can see that the pair is currently stuck between a wide horizontal supply area and a demand zone based on a rising trend line and a horizontal structure. Depending on the reaction of the price to these structure, I see 2 potential scenarios. 1. If the price breaks and...
The banknifty has exited its rectangle channel pattern at the end of a volatile week. After today's amazing run, especially in PSUs, one might add long by keeping the SL of 42800 in the Banknifty. A strong surge is expected in the next few days because all the good and large banks are supporting this movement. Bankbees can be purchased to ride the rally🚀....
EURAUD is trading within a horizontal trading range on a daily. Approaching its upper boundary, the market was rejected. The price formed a head and shoulders pattern on 4H time frame. Now, we see its neckline breakout. I expect a fall to 1.546 / 1.532 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
AUDCHF is trading within a wide horizontal trading range on a daily. The price is approaching its lower boundary now. I expect a pullback from that. Goals: 0.632 / 0.6348 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Multiple time frame analysis on GBPUSD. Price action & key levels. Your trading plan. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
GEO Michael Burry has bought more shares of this REIT so I thought I'd give a look at the chart for those who want to follow him. What the chart is saying: Big downtrend since May 2017. In May 2021, the stock has started a consolidation/base in form of a range between 5.5 and 9.54. This range could be a bottom formation. Note that bottoming pattern takes...
Trend still downside, at moment still in consolidation range looking for breakout lower and retest, then trend will continue going further down to test previous. low support