6 Years of "W" Pattern Breakout breakout
BUY PRICE : 190
SL : 150 (only for swing traders)
TARGET : 250, 330 (72%)
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AUDUSD has reached an area where it has completed a complex W pattern. There are a few levels and zones (as on the chart) to be watched.
When W pattern completes, a correction comes. This idea is on the daily time frame, so wait for a confirmation on smaller time frame to execute trades.
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A potential swing trade opportunity in PCBL (Phillips Carbon Black Limited), the largest carbon black manufacturer in India.
Reasons are listed below:
Strong Support at 230-240 Zone : PCBL is rebounding from a robust support level, reflecting market confidence in the company's leading position and expertise in the carbon black industry.
'W' Pattern : A 'W'...
This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products.
Reasons are listed below :
Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating...
Predicting ETH to outperform BTC in the current stage of the bull run as ETHBTC has hit a hard support and is looking to create this W formation
This will shake the market up
BULLISH
From the class of 2017 ICO boom
Showing signs of a recovery pump
should you participate ?
You should always lean into fresh altcoins with a strong narrative when you can.
But sometimes the older coins can provide action in the dull moments when other coins are consolidating ..
A W pattern leading to bullish continuation
I expect a rejection (small one) at the red line but a prompt recovery.
This allows completion of the larger overall pattern
I'm not sure how high it will go but I do think it will turn bullish after the small rejection.
Daily Chart
CQTUSD is in the bull phase of its structure.
A larger overarching W structure can be observed if a bars pattern is plotted to the previous high (Horizontal line)
I expect this W pattern to be completed.
Bullish AI coin.
A sharp channel up can be plotted on BLUR
If you plot a bars pattern, predicting price movement up, an angled W pattern can be seen to emerge out of the channel. Just tilt your head to the left slightly.
Just as in 2002-2003 when America invaded Iraq looking for WMDs (emphasis on the W). George W Bush (again, W) went to eliminate WMDs in Iraq. When said WMDs were not found, it was time to short the Iraq war. However there is a long and profitable path before us until our lies are exposed and we would be fools to not take advantage of this opportunity.
We have the...
Maruti Suzuki is at retest zone of w pattern breakout it has given on weekly chart.
RSI not favourable
Volume not favourable
next move or can say confirmation of retest above 10240-10345 levels
50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading.
If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same...
Nike is close to an important level which will determine if a bottom formation is completed or a further slump will occur. Currently a DBW formation is build after almost perfect a Dopple Top Formation has been finished. Currently we are close to the 4 level, the current local low. The RSI is close to oversell, which support the turn around idea, which may result...
Looks like a 5-wave Elliott wave move up, with waves 3 and 5 hopefully hitting over the weekend.
Wave 0 starting during the NYC session/reversal, potentially offering-up a nice “market maker weekend trap”, topping-out at wave 5.
If true, price should also retrace back down for the “midweek reversal” next week.
Invalidation (stop loss) would be price closing...
NSE:COSMOFIRST
Stock is showing strength in weekly timeframe. As we can see Stock is not able trade below previos lows.
This week it has shown a strong green candle with "W" pattern.
I believe it is a good time to go long with 605-610 which will be around 5% or so.
Please note that "This is only for educational purpose, please manage your risk accordingly."
Introduction
Ethereum's price action has been concerning for some time now. Generally speaking the more something goes up the more of a cooling off period it needs and Ethereum has been over-performing a lot of the older crypto currencies for a while now. At the same time it has shown quite a bit of resilience compared to the Other coins and how their W...
