PIDILITE IND LTD (JULY23 - CMP RS 2662.80) Cup Pattern #Phase1 - saw a sharp down move from Dec22 to Jan23 #Phase2 - Formed a slow base between Jan23 to Apr23 #Phase3 - From May23 - Jun23 it steadily moved up When you add up the 3 phases - the Cup Pattern is visible in the Price Action. Handle Pattern #Phase4 - Between Jun23 and Jul23 the Price of...
Day 47/100 Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside Fundamental Catalysts: - Fed rate hikes - BoJ policy updates Bullish base-case: - Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path - BoJ will remain dovish // not as hawkish as expected If base-case is wrong, only then I'll be...
NASDAQ:TSLA reported earnings after market close yesterday. Pro traders took profits before the close as the run became technically overextended. It gapped down today, but not on the extreme volume we'd expect from the usual HFT activity around earnings. Profit and Operating margins are decreasing quarter over quarter, but revenues and net income are...
As we can see, at 2h Timeframe it is very clear that the price made a channel pattern, and yesterday it has broken through the resistance. where will the price go? from my point of view and how the candle moves ( you can see the daily candle ), the price will go to the strong area and will come back again. what's unique from here is that I found the possibility of...
Eternal Coordinates Follow
Elite Trading Insights 10 | The red channel chart lockdown
Hey Traders! 👋 For Day 32/100 of our challenge, we will take a jab at USD and where it could head to next week Technicals: - Last week has been aggressively bearish - We're now at potential support at 102.2 - Also the 62% fib retracement from swing high > Can possibly see USD gain some strength on rebound at these levels > Or at 101 support BUT: Invalidation...
Ona - Division 30. Red Line/Red ring Born - Cassini Division (Saturns ring gap) Name Origin - Latin (Full of Grace) General Operations - 23 Special Operations - 6 Specialty - Red Line/Red ring
After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish...
Gold prices (XAU/USD) fell significantly in the Asian session as the Federal Reserve (Fed) announced a plan to raise interest rates in the fight against persistent US inflation. The immediate support of $1970.00 was not defended, leading to a decline in gold prices after a break below the $1950-1970 demand zone. The 20-period exponential moving average (EMA) at...
Lots of weakness in many Material stocks. Material stocks are leading indicators for aspects of our economy. This pattern trendline breaks and it could signal a massive decline.
ALIBABA is nearing support and should be ready for some big upside in the coming weeks/months. Analyst price targets are downside HKEX:72 upside median HKEX:150 and long HKEX:220 , considering the market is a bit shaky and volatile i would be more conscious to the downside and put an even lower downside target of about 45/50 range. however, the recent news...
CGSP is on the verge of breaking lower. This chart looks like a perfect risk to reward setup on the downside. the only caveat is earnings approaching, waiting for the reaction.
Potential trade setup on the 1-hour timeframe for GU. Price action is creating a nice "expanding bearish triangle" pattern which could make another retest towards the price level (1.24000) before continuing in the sellers direction. Going back to April 10th, you will notice the support that was created multiple times before price created indecision candles closing...
The long end yields have been climbing recently and many stock market participants are not recognizing this. The long end yields market may be signaling to us that inflation is going to be entrenched longer than what mainstream experts are calling for. On a technical basis the 30 year has now recaptured all the key daily moving averages and looks primed to head...