This trading plan outlines potential entry and exit points for BANKNIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 47,850 Long Entry: If the price opens with a significant upward gap exceeding 47,850 and...
Hello everyone I do not want to mention any entry signal in this chart but I just want to say that Apple a few waves 1,2 that are the part of extensions, so I do not believe that Apple experience very deep corrections yet and Rally has not finished yet.
Price continues to find support at 60k avg support. The D macd is positive. Will continue to monitor the 2D MACD next. The 3D macd is still pointing down. This breaking start on May 15th could be a good step fwrd going into the end of the Month as it could maximize the chance of closing above 71k by the end of the Month.
The price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down. I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the...
In the daily time, the long-term survey indicated that it is in wave 3 or C. that wave C had the ability to return to 100% of its previous wave, after which it entered the corrective phase. 💎But at the moment, due to the fact that it has faced demand in the green box in the 8H time, it will have the ability to retest up to the neck line area and supply. 💎 In the...
Hello Traders; Hope you doing greats . for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone . if this post was helpful, please like and share.
hey guys here's what i am looking at on EU,with the dollar remaining strong i am expecting the EU to head to the downside, so i will be selling the Euro against the dollar.
It's been a long while since I posted one of these so here goes! This is an updated monthly overview on the idea path for the Halving event, many people have their opinion and they have some great points to where it may or maynot be headed. So here is my entry to where it may likely start the full process for the halving to work it's way to the 120k or 200k...
In the daily and weekly time, it is moving in an ascending channel, where three-wave movements are evident inside the channel. At present, with the failure of the major ceiling, it can continue its upward path by completing the pullback to the specified limits and the ceiling of the ascending channel. In the last part of this movement, it can be completed with...
Hello, traders and investors! This is Shark, and today we'll discuss trading plans for the BTC asset. This trading idea includes long-term, medium-term, and short-term trading plans. Long-term plan (pink): On the global chart, an ascending channel has formed with a 1000% step. The maximum from December 1, 2019, reached at 19666, formed support in November 2022....
In my previous BTC analysis, i have mentioned about the bullish case for BTC commenting on that idea that incase we are in bull market, the correction was over at the last low. Here is the bearish case for BTC which can lead BTC towards 30K. Its invalidation is if the market breaks the mentioned wave 2 area. Confirmation of bear market would be by breaking below...
Could this be a possible selling zone for GBPNZD? Based on what price action is telling, the market is still bearish overall using the weekly TF. I'm anticipating sell for this pair based on the confluences that i'm getting at the current price range
Overall chart seems like a zig-zag ABC pattern, where B wave formed a double combo WXY correction consisting of zig-zag (W) and an elongated Flat (Y). The higher degree wave C will be impulsive and can take almost equal time as wave A. Good to accumulate for the following targets: Short term target @ 1040 (55% ROI) Long term target @ 1535 (130% ROI within 18...
Pair : SPX500 Index Description : Completed " 123 " Impulsive Waves Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Fibonacci Level - 50.00% / 61.80%
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Level
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Level
Tesla seems to have completed its corrective wave (2) and to have started its wave (3) with a short term target in the $235 area. A break above $235 would validate the exit of the large triangle formation and opens further up moves towards the all time high. On the opposite side, a break below $160 would invalidate this view. ------ It's recent partnership...
Pair : AMAZON Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Double Top in Short Time Frame Fibonacci Level - 261.8%