The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern: Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separated by a peak (middle peak). First Bottom: This forms after a...
A triangle breakout is a significant event in technical analysis, indicating a potential continuation or reversal of a trend. Here’s a concise overview: Types of Triangle Patterns Ascending Triangle: Characterized by a horizontal upper trendline and an ascending lower trendline. A breakout above the horizontal line is typically bullish. Descending Triangle:...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Nifty may take stoploss of all the bears before dropping down Buy nifty 25000 target 26500
The EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align. Key Technical Factors: Demand Zone: The price is approaching the major support region after multiple...
BBTCL Triplewall- Self Invested 1) Strong Consolidation 2) Warning: Broke the Zone 3) May Hit HIGH from these zone or 197 level. Target 3000
We’ve got a breakout on our hands with Angel One Ltd! The yellow line in the chart is a counter-trendline that’s been rejecting price action multiple times. But now, we’re seeing some serious strength as the stock has blasted through it with authority. This signals a potential shift in momentum. Supporting this move is the green trendline, showing that the stock...
*Beardsell cmp 50.55 by Weekly Chart views since listed* - Old times 33 to 36 Support Zone Price Band - Old times 59 to 64 Resistance Zone Price Band - Weekly Support at 42 > 33 > 24 with Resistance at 64 > 77 > ATH 93.25 - *Heavy Volumes surge seen by demand based buying in the past 3 months * - *Bullish Cup and Handle pattern in completion stage by neckline...
Correction presents a possible buying opportunity near current levels, with long-term targets toward the upper trendline resistance. Volume spikes indicate increasing buyer interest.
After a marvelous performance in Q1 2024, with prices nearing $20, **Aptos price** faced a downturn in Q2, consistently hitting lower lows. However, in Q3, the $5 support zone helped stabilize the price, leading to a two-month consolidation period. In September, Aptos broke out of its Q3 range, showing signs of recovery. Currently, the **Aptos price** is...
According to Elliott Wave analysis, ONGC looks into last phase of its short term down move. After trending impulse, the stock is into Flat Correction. Wave C of Flat correction should have 5 moves in it. And we can see 4 moves until now. So we can say ONGC is in wave 4 of wave C of Flat correction. ONGC may go further down a little more to form wave 5 of wave C....
GBPUSD rising wedge breakdown in day timeframe MACD negative diversion
BTCUSD - I looking for Bullish Butterfly Supports are 60484, 60177. PRZ = 59052.
As per my view this will move like xabcd patterns will give good returns in long
In this video, we delve into the price action of Bitcoin (BTC) and Gold as we approach crucial economic news. We'll analyze key support and resistance levels for both assets, helping you prepare for potential market movements. Whether you're an experienced trader or just starting out, this analysis is essential for making informed decisions in a volatile market.
Technical Analysis: Resistance Levels: The price of US30 has been testing a key resistance level, which aligns with a previous supply zone. This area has proven to be a tough barrier for the index, indicating that sellers are stepping in as the market approaches these levels. Trendline: A descending trendline from the recent highs shows that the market is still...
Crude on crucial levels. A long trade can be initiated if it breaks the downward trendline with good volumes. T1- 6240 T2- 6500 T3- 6730
Please don't consider this as a trade/investment idea.