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BNP testing resistance (~38). Symmetrical triangle indicates potential break and subsequent jump. Earnings release in late July will be decisive. Next target ~45 in case break really occurs
BNP Paribas SA (BNP - France) is in 2nd wave correction as wxy correction of down impulse cycle of C wave. Wait for 5th wave completion of c wave up of y wave in 2nd wave correction. . Keep eye on invalidation level of 40.66 as Impulse wave invalidation level. In 4 hr time frame, it is in ABC zigzag down move, where C wave down is in progress, which must be in...
Here we have the green candle indicated by a blue segment that bounces of the VWAP and just before we had a large green volume. We can consider the fact that we can buy here but we will wait until the candle that came after. The second confirmation is here, the next candle bounces off the VWAP (yellow segment). At the next candle we can enter as a buyer
BNP was always strong before march ! well now you have a big chance to make part of it ! we just wait for the raise and the match with start of trade value as simplified in chart. Will keep updates here
BNP Paribas (BNP - Paris) is in ABC zigzag wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to CAC40 index. It is in severe downtrend with almost no bounce within last 3-4 week. Good sell candidate for next move C wave down.
The market tried to break the 0.23 Fibo level twice but it couldn't so there will be a possibility to go to the 0 fibo level . if you liked this idea or have your opinion on it, write in the comments. DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a...
PRICE ACTION LOST 50% SINCE FEBRUARY PROBABLY TO CONTINUE LOWER
Possible double top in BNP, bearish to me mid term. Stop loss and possibe target prices shown in the chart. Best luck with ur trades!
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