Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...
Good morning, friends! 🌺🍬 Here are the directions for June 19th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM). Nifty has been maintaining consolidation even if it...
GBP/AUD 4-Hour Analysis: Bearish Outlook Following Consolidation Break Chart Overview: This GBP/AUD 4-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of higher highs (HH) and higher lows (HL). ***Key Points*** 1. Consolidation Zone: The chart shows a prolonged period of consolidation, marked...
What Is a Candlestick Pattern? KEY TAKEAWAYS Candlestick patterns are technical trading tools that have been used for centuries to predict price direction. There are dozens of different candlestick patterns with intuitive, descriptive names; most also have a corollary pattern between the upside and downside. For instance, an “abandoned baby top” has its...
The daily chart of gold shows a pattern of yin and yang conversion. Therefore, it is necessary to guard against the market rising and falling, or falling directly near the previous high. The upper resistance is at yesterday's high point. At present, gold is still fluctuating in the range of 2286-2341, and the low point gradually moves up and the high point...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (19-06-2024) Current price- 2329 "if Price stay above 2313, then next target is 2342 and 2350 and below that 2300. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
In my opinion, I am looking to sell , which is a strong Liquidity Zone and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.
BankNifty has shown a solid breakout after the triangle structure. According to wave analysis, the triangle could be the 4th wave, and the breakout pullback could be the 5th wave, which is also a distribution wave. However, there are two subwaves pending, so if the market sustains the gap-up, we can expect a pullback rally with minor consolidation around the...
Nifty is trading near rejection zone. Sell Nifty @ 23650 - 23670 for 23570 and lower marked levels on the chart until 23730 is intact on the upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
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Good breakout Expecting good returns A good turnaround company Dips can be used to accumulate
Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well...
Looks like it has given a pullback from the breakout level.
Reason for shorting: As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal). It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786. Time Frame: Weekly Stop Loss: Above ATH...
Price Action has formed 3 contractions and getting tighter after each successive contraction as marked by the percentage. Once the price breaks the supply zone barrier it might give a good return
Please consult your financial advisor before investing.This is only for learning purpose of chart. We are NISM certified EQ and MCX trader but SEBI register not investment advisor. You can connect me on INSTA for further query at _prem_.23 IT giant once again being ready for big move
Genus Power is experiencing one more contraction & might go down to levels of 295-300 levels before buying starts. That would form a complete 4T VCP footprint setup. As can be seen vol has also decreased