The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice forming a double top which is a fairly strong...
seems a leading diagonal shall be formed here after the diagonal is formed , it shall retrace a bit ( marked two retracement levels i.e. 61.8 & 78 ) then the upside move towards 1200 .. so this is a watchout counter for next week that is last week of April 2021 Happy investing
doge usdt resistance fib trend based extension
All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above...
METROPOLIS COMPLETED 5 IMPULSIVE WAVE ON MINOR DEGREE FOLLOWING WHICH IT IS CORRECTING RIGHT NOW.POINT IS WHERE IT WILL END AS STOCK IS IN CLEAR UPTREND AND GETTING LONG IS IDEAL TRADE ON THIS STOCK TO TAKE AS WAVE 3 OF INTERMEDIATE WILL BE STIPPER AND RAPID. PRICE ZONE OF 2227-2211 CAN ACT AS GOOD SUPPORT REASON'S ARE AS FOLLOWS 1)PREVIOUS MULTIPLE HIGH'S...
Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...
It seems BTCUSD is in its reversal mode. As per harmonic patterns, it's not beyond $35000 in this run. As per crab Harmonic pattern, it has already achieved the of XA leg i.e.1.618 level. Whereas it is just waiting to achieve the extreme level of projection of BC leg i.e. 3.618 level.
Etheruum is on the move of price reversal. It has already made a high of $1439 and the projected between 1.13 to 1.618 Fibonacci level of XA. Now this pattern is creating a typical Harmonic Shark Pattern. Which is a bullish reversal in deep. We can expect a PRZ between $640 to $ 607. SO there might be the downfall of around $1200 estimated but this is the most...
BTCUSD is in the built of a "Harmonic Deep Crab Pattern". It seems the demand and supply of the asset have been in a very volatile zone. If the asset breaks 30500 then the probability of the price to reach PRZ will be very high. Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
Nifty 50 in its all-time high and has started a sideways movement which has supported by Shark harmonic pattern in the hourly chart. The expected move could be until D point i.e. 12878 to 13010 level downwards. We can find quality support on that price point. Please create your strategy accoudingly.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
A possible projection of Elliot Wave for Eicher Motor stock. Stock is making impulse wave expecting it to break all time high. Just for educational purpose. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while...
BTC USD is creating an Extended Harmonic Patterns - The Crab Patterns B point retraced XA by Fib 0.618 (13102) level C Point is retraced AB between 0.786 and Fib 0.886 level. Now D point in the process of forming the important Fib extension of XA which is 1.618 level ( 29000 ) That is the projection as of now for BTC-USD in this bull run. Once it...
Hourly Chart of SGX-nifty shows the speed of movement came down since it got into the yellow parallel Channel and become range bound which is between 13222-13167. Now , until and unless it breaks the higher level of the range it will be in this sideway zone. But if it breaks out the yellow channel then there is the probability of move towards...
BTCUSD has given the highest move now if it breaks $19000 level( fib retracement level of AB 0.236) then there will be a buying opportunity at $18434 (fib retracement level of AB 0.618) and $18118 ( fib retracement level of AB 0.718) level). It may target till all the important extensions of AB ( i.e. 1 ,1.272 and 1.618) in USD terms the targets may be...
It seems Bank nifty is in Uptrend I have done a study on harmonic patterns. As of now it is at the mid of CD leg so following things may happen... 1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625 2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990 3) If It start...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...