We have a classic case of stock price rest on support. We've seen multiple reactions in that area of support our trendline is adding on as confluence to this trade idea. Risk accordingly
Gold has been very strong the last couple of weeks and it may very well just continue but I want to share my wave count (which I hope is following the rules of Elliott wave correctly). I believe we are in a very strong irregular wave B of an ABC for the wave 4 on the weekly & monthly TF. The wave B itself is a WXY formation. One argument against this idea is that...
Looking for continued consolidation within this zone above 46, and a retest of the range highs. This would confirm a partial decline and statistically favor a breakout of the range. Id look at this as the sign of strength, as we have diverged from the bear market downtrend, made a new high locally after a second higher low, while maintaining support above a...
HI FRIENDS.. what do u think ablout this ? pink or black?
#LDO The price moves in an inverted head and shoulders pattern The right shoulder is now complete Wall is expected for the upper border of the shoulder We have a higher stability moving average of 100 We have bullish momentum on the RSI and an uptrend We have a current breakout of the channel to the upside Entry price is 0.2500 The first target is 0.3000 The...
#ENS The price is moving in a triangle on a 4-hour frame and we have a green support area at level 24 We have a higher stability of 100% moving forward Now we have a nice breakout coming up Our RSI indicator has a trend that is about to break to the upside Entry price is 24.41 The first goal is 25.80 The second goal 27.22 The third goal is 29.75,
In accordance with our last trading analysis, NIFTY hovered near our initial resistance range of 22620 – 22660. Despite attempting to climb higher, a pullback occurred, and the day concluded near the upper boundary of the previously mentioned resistance zone. Here's our strategy for Tuesday, 9th April: Gap Up Opening: If NIFTY opens with a gap up above 22750, we...
#C98 The price is moving in a bearish channel on a 4-hour frame, which has a previous successful pattern and we have a support area in green at the level of 0.3600. We have a higher stability moving average of 100 We have a good bounce being set up from the lower border of the channel The RSI indicator has a downtrend that is about to break higher Entry price...
Reflecting on our previous analysis, BANKNIFTY achieved a new all-time high but couldn't close above the previous high on the daily chart. A spinning top candle formed, indicating a potential reversal. The current consolidation phase spans between 48795 – 48455, with movements above or below signaling potential shifts. Here's our plan for Tuesday, 9th...
#ACE The price is moving in a horizontal triangle for 1 day and we have a green support area at level 11 We have a higher stability moving average of 100 Now we have a nice breakout coming up Our RSI indicator has a well reliable upward trend Entry price is 12.26 First target 13.71 Second goal 15.12 Third goal 17
We primarily assume that Apple shares will swing higher again in the short term with a countermovement and then extend the high of wave X in turquoise. It should then later enter our green Target Zone ($161.90 – $140.32) with the subsequent wave Z. If, however, the price chooses our alternative scenario (35%) our Zone will be targeted directly.
USDCHF Possibilities. Please keep an eye. There are several possibilities for USDCHF. Wait till the proper confirmation of trendline break and MA break. GL
BINANCE:BTCUSDT duration Halving2024 entry level(Pitchfork Trigger line):71949 Target price Daily Chart TP1:75487(5% profit) (entry level:71949 ) TP2:82282(14.5% profit) (entry level:71949 )
NZDUSD (H4) :Its more bearish During Monday's early European session, the NZD/USD pair shows some little advances below the 0.6000 mark. The little increase in the pair is supported by the US Dollar Index declining below the mid-104.00s. The USD price dynamic will be the primary driver of the pair in the absence of official economic data releases from New...
The organizations and people that affect the most the moves of the GBP/JPY pair are: Bank of England, known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and oversees monetary policy (including interest rates). Bank of Japan that issues statements and decides...
I think we're going to see EURUSD trading into the 0.9s and maybe even the 0.8s. I think the Forex markets are soon going to explode, with USD and JPOY being the big winners.
The time is 57 days before the 2024 bitcoin halving. Give or take a day or so. The bitcoin price is $52000. Give or take a few hundred dollars. The Elliott Wave Principle is the most accurate and meaningful description of market dynamics. Elliott called it “Nature’s Law.” The bitcoin market has unambiguously completed two waves, wave one and wave two, in an...