Can't stress this enough, highly against the primary trend trade, manage your risk well.
Wicked it's low at bi-weekly demand order-block (support)
At a high volume node
Weekly closed 10% above weekly low, tempting me to take a long call on it with well managed risk.
Target - 213.5
STOP - 159
Interesting thought for reality check:
Liquor sales volumes are expected to be affected by up to 5% in this quarter due to ongoing elections, sales will be hit in April-June this year. Be aware and manage your risk.
Testing demand order-block that has previously been tested 5-6 times and has held well.
Target - 283
Stop - 219
Potential - 23%
R - 4.82
Neutral, w/ positive bias in short term & possible retest of previous daily range because of bearish divergence.
Divergences are a headache to play with, they flip whenever. Won't be surprised if stock keeps on going up and negate away the divergence.
SHORT Targets (Intraday) - 2330
Long target (Swing) - 2500
Currently sitting at weekly support zone on a high volume node.
Make of the chart as you like, I personally am more inclined to let the stock fall below current demand block and would look for shorts on a retest of it as the primary trend is downwards and auto industry sales have been on a decline.
Target would be around 2300-2350 range...
Bullish divergence w RSI forming on D3
Bullish Swing failure pattern
Failed to close below support / high value node.
Long at current market price
Targets marked starting w 709
Stop under 626.5
Risk to reward - 4.5
RELIANCE looks primed for a bounce at green demand order-block.
Price about to enter demand zone (green).
Gap yet to be filled in supply zone (red).
Downtrend losing momentum in oscillators.
Bullish divergence on daily with several momentum oscillators, will post RSI div down in the updates.
NIFTY50 looks primed for a bounce at blue demand orderblock.
Price about to enter demand zone which has already been tested twice and bounced.
Ichimoku edge to edge target is about to be fulfilled.
Bullish divergence on weekly with several momentum oscillators, will post RSI div down in the updates.
Oscillators are about to be bottomed out.
Currently long from 61.8% level marked (124), break of red ranges is bullish AF.
Right now we got rejected from descending triangle's upper trend line, expecting it to break at the retest.
Probably will hedge sometime at red lines marked.
Liquidity at demand zone getting weaker after 5 bounces. A break below demand range is bearish, will look for shorts.
H4 levels in updates below!
Daily bearish engulf / breaker formed in this week's dump
Daily S/R level that's also previous range high
Oscillators should probably ready for another selloff if we get to 6600s
Ideal entry -
Personally looking to short range high
Above 6800 setup fails, so go figure.
Wave count shows possible complete retracement of wave 3. The ideal retracement for a 3 is between 38.2% to 50%. 50 fib is at 400 Rs.
Long term past support in play. Note that this is a 2 weeks chart.
Past record of algo play; suggests buy at 50 fib (400) and sell at -23.6% and -61.8% algo targets.
Ideal buy range Between 400-420Rs.
Analysis TLDR -
Expecting bullish divergence in play to continue.
Long term green support range holds.
Wave analysis shows first wave of a megatrend to be complete at ATH. A retrace of this wave is expected between 50-61.8% ideally. We're at 50% now.
Algorithms also expected to buy the .5 fib, target -0.236 (new ATHs). Algo involvement evident in...
Overview - Something I've been thinking about for a while, (e) sort of giving more evidence to it. It's more common for an e wave in a triangle to break resistance line (ac) than not to.
Ideal entry - Too late for circled e, look for 2nd wave of C in long run.
Target points - Watching 5250-5450 range for S1 and 4150-4300 range for S2.
Long setup for a bullish EOS/BTC EW Count
Target for 5th not yet strongly established (awaiting more price action), updates will follow.
131000-138000 sats range was an ideal entry but scaling in on the next pullback still has potential of 50%+ on a conservative double top target
Bitcoin being in a bearish trend has potentially decreased...
Expecting selloff on Mainnet launch (Month's end)
Time to start taking profits on long positions.
Resistance / Exit points for Long:
1050-1150 Sats -
Bitcoin being in a bearish trend has potentially decreased expected bull momentum for alts, and thus for TRON.
This leads me to believe that a double top is the most likely exit point for long...