Last Fall from 22365 & fails to hold 22300 levels mentioned over the idea. Got the fall 22300 to 21400 -------------------------------------------------------------------------------------------------------------------------- Bearish Gartley From Same Level ------- 22365 ( Very Close) --- If BNF holds "below 22365 / 22300 " then we can expect a drop to 21600...
Analysed levels mentioned on chart!!! Regards @MrAkshatP
Stock has been rallying since a long time. A correction move is highly possible
Channel Breakdown Short Bias Can be Short at 480-475 Levels Positional Target for 420 Levels View gets negated closing above 525
Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3=...
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019 ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times. Also we can find a downward trend on overall chart So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Strengthened USD can be the reason for bearish Gold , At the end of the week the pair looking to settled down at the zone 1810 zone which the nearest demand zone..
Please use these entries as breakout points. And Do not trade when a gap up or down occures. Entry : below 147 Target : Trailing Stop loss Stop loss : above 147 This is not a recommendation. This is for educational purpose only. Consider all risks possible with stock market. Thank you Have a nice day Happy Trading!!
Analysis mentioned on chart Regards @MrAkshatP
Analysed levels mentioned on chart!! Regards @MrAkshatP
Pel broke down its support and has formed bullish engulfing while retesting. This can be a good shorting opportunity for pullback traders
H4 - Bearish trend pattern. Currently, it looks like a correction is happening. Until the strong resistance zone holds, I expect the price to continue lower further.
There's bearish pennant on ETH. On 2 hour chart. Expecting price to fall.
The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies. The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry. SL near previous swing high. Target @ previous swing low.