At the end of the 5th wave there was a false breakout of the upper trend line. The price must come back within the equidistant channel to confirm the Wolfe Wave patter. Once this happens, a short position would be a reasonable trade. Entry : 1.3077 SL : 1.3195 TP : 1.1887
we have resistance around 11248, 11337 and 11395, these are fav for shorting on sideway mode. But 11072 and 10963 area fav support to rebound disclaimer: -> this is not financial or trading advice -> read the chart carefully and compare with other analysis -> this analysis can 100% wrong, your action is your own risk
Wait for the formation of the 5th wave then short Entry : 44.15 - 44.30 SL : 44.86 TP : 41.13
hi, whales, do you miss some thing? let's pick it disclaimer: -> this is not financial or trading advice -> read the chart carefully and compare with other analysis -> this analysis can 100% wrong, your action is your own risk
Hi. Forex CFTC COT Data : GBP Net Position Change : + % 5.24 CHF Net Position Change : + % 15.93 (Positive ) Percent Changes : CHF > GBP (Negative ) Open Interests' Changes : GBP : + % 0.34 CHF : + % 31.64 (Positive) Parameters Position Size : %1 (0.01) Risk/Reward Ratio : 3.00 Leverage : 50x - 100x (100x saves the stop value.) ...
INDIGO previously broke daily and hourly TRIANGLE . Now on daily chart AB=CD and wolfe wave can be clearly seen. Hence shorting INDIGO might not be good idea. Wolfe wave is very strong pattern and it appear with AB=CD which make it fully Bullish... Can enter at 875.30 or wait till price action reversal confirmation... PRZ and Targets or Chart...
Mindtree was looking bullish with bullish flag previously but a rising wedge/bearish wolfe wave now confirms to exit from long , a small correction can be seen before upmove. As i said earlier wolfe wave is on of my favrite pattern and 90% times it hits the target. So never ignore its presence in chart. Targets on chart...