Glenmark breaking out of very strong resistance of 516 & trying to sustain above it. Buy @ cmp 516.75 with sloss of 505 & tgt of 550
European Central Bank President Christine Lagarde noted that inflation expectations do not point to risks of prolonged overshooting, adding that the EU still needs an accommodative monetary policy stance. On the other hand, US Federal Reserve chief Powell said that “it's fair to say” inflation is more concerning than earlier this year, citing supply chain issues....
Here we have updated potentially significant Support Resistance Areas. When I post these areas please look for Price Action there. Like in our previous idea price slightly broke through the resistance but it never gave a buying signal there. The buying or selling decision has to be made watching Price Action watching the Candle Sticks patterns over there. Previous...
The 200 days EMA continues to attract a lot of attention, including the 1.3700 level, which offers quite a resistance and support in the past. The price bounced back from 1.3600 level and formed a triple bottom on a daily chart, and created a key support level to which traders from all over the world will pay special attention. If the price will turn around and...
Gold has been considered a highly valuable commodity for millennia, and the gold price is widely followed in financial markets around the world. Most commonly quoted in U.S. Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable, safe haven. Markets turn cautious, primarily inactive, as the...
BTC was able to support Fib 0.5 ~ 0.618, if it can be above Fib 0.382 in the next few days, in case of a break of resistance 53, it is predicted that the Fib range of 1.414, which is a strong resistance, will move forward. , Price range 58. Impressive items for the uptrend - Making the Golden Cross in daily transactions - Support in Fib 0.5 ~ 0.618 If BTC fails...
Good day traders, Resistance 1 3950 Resistance 2 ATH Support around 3000 Volume needs to build on July's positive momentum What are your thoughts?
Highlights Support and Resistance Following 1Day Trend line Upward or Sideways trend can be seen on Monday
Canopy Growth Corp stock is lower by -10.07% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserver’s proprietary ranking system, gives CGC stock a score of 33 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 12. CGC's rank also includes a short-term technical score of 16....
RSR is in a falling wedge that ends on my big $0,029 support line. Because the price is free flowing between $0,043 and $0,033, there is a big chance we will hit the big 0,043 resistance. The only condition is that we get under the $0,033 support line, because $0,034 is a very strong one and we need confirmation that we passed the $0,034 level.
GBPUSD is retesting 3 resistance at once, the rising wedge lower trendline & its previously resistance area, and its bigger timeframe down trend line. Of course, we're still waiting for confirmation in Candle Pattern & breakout. Manage your own risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It...
Hi, our AI sees a Bearish Wedgepattern on the Bitcoin chart. The momentum stands at a resistance trendline. (red dots) Thus, we'll see a dump to the upper green zone, at least.
Hello traders! Today we will talk about DXY- US dollar Index, which we see it finishing five-wave cycle and approaching strong March highs resistance zone. Well, USD IS still strong, but it's now moving into some late stages of a higher degree structure. We are also in the mid of the week when flows can change, especially when you have the FED minutes. Keep in...
H4 time frame. Structure: Uptrend Break Key level and resistance 1.26000. Wait for retest and confirm breakout of this Key level. Target is next resistance at 1.28000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Hello Crypto traders! Today we decided to take a look on BTC Futures chart, mainly because of its open GAP in MAY, which can now act as a strong resistance area. Well, as you can see, BTC made five waves down from the highs, which in Elliott Wave theory indicates a change in the trend. After every five waves, a three-wave pullback follows and as you can see, BTC...
The ETHUSD chart has been follow the H.L pattern. You can see the R1, R2 and R3 = retest forming from the previous consolidations. The market is still in its correction state, it is very advisable to enter the market at my down position and set risk management theories backing your daily trade We will remain on the uptrend for some time and it will be forming a...
H4 time frame. Structure: Break downtrend, uptrend confirmed. Wait for break Key level and retest at 1.26000 to a safe buy signal. Target is next resistance at 1.28000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short 💥 End of Bullrun - Bulls Lose Their Life Savings "Take profit or lose it all." 🔴 KEY POINTS: - Momentum pushed Price Action to Resistance Line (red line on the chart) - Double Resistance: Here, the Resistance Line coincides with a Historic Resistance Area from historic tops (red area/zone on the chart) - Next Support Zone (green area/zone on chart)...