Bullish Butterfly In Crude OilBullish Butterfly In Making In Crude Oil
Read Carefully. This Is A Complex & 2 Way Trade.
The Most Important Number is 5540, If 5540 Breaks Then Crude May Fall To 4868.
As Per The Harmonics Buy Will Come Only At 4868 Level.
Buying PRZ - 4868/4900
SL - 4645
Target - 5370/5530
Butterfly
PVRPVR made butterfly pattern on hourly TF with good volumes.
Could be bought with mentioned stoploss & target.
TCS - Daily TF - Long TermHarmonic -
1. Potential Bullish butterfly pattern on daily TF.
2. Testing critical support/demand zone. If this is broken Tgts 3219, 3126
Elliott wave -
1. Irregular ABC correction is ongoing.
2. Currently, testing 0.618 retracements of B wave, if this gets broken elongated C is confirmed. First target 3151 and 1-1.236 projection of A and B wave.
3. If there is a retracement from the current demand zone, we can see the upward leg of further correction or impulse.
ICICIBANK - LONG TERM - HARMONICSPotential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.
ZeelNSE:ZEEL1!
Running news of merger with sony .chart have breakaway gaps with highest volume with previous weekly trendline and triangle breakout.
now again forming triangle on weekly trendline support area ,breakaway gap area with bullish butterfly, also having support of monthly inside candlestick low, and divergence on daily chart
Buy Zeel above 226.4 add more 218.80 with two days candle closing stop loss of below 200 target will 236.9-247-274-287++(short term )
mid term buy Zeel @ 226-216 two days closing stop loss below 200 target 287- 364-412
long term buy Zeel @ 226-216 weekly closing sl below 199 target 364-562
BOLO JAI GAJANAND
Bullish Butterfly in crudeoil 12-7-2022It is Bullish Buttrfly pattern seen crudeoil daily tf can give good reversal from 5906 zone marked in the chart.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Supportive trendline with counter trendline breakout
**New setup-
** Supportive trendline with multiple touches and counter trendline for breakout confimation
** Lower high formation ( bullish trend) > pattern on supportive trendline will work ( probability-83%)
** here a triangular pattern or we can say counter trendline breakout
** Stop loss- below the bullish candle (11%) or below 200 EMA
Target- 1st 508, 2nd-617, 3rd-780
Bank Nifty - Bearish Butterfly at 39505 Highs Let us recollect the most important psychological level of 39500 as discussed could be the most critical level at present. A bearish butterfly harmonic structure completes in the required PRZ & reasons for fall discussed below & shown on the price chart.
Possible Reasons for Fall
Bearish Butterfly Harmonic Structure
Evening Star Candlestick Formation
Psychological level 39500
Bearish Divergence ( RSI)
Stop Loss
Above 39505
Targets Downside
Target 1 - 39120
Target 2 - 38740
Target 3 - 37691
Target 4 - Will unfold once wave develops
Thank You