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GOLD ANALYSIS 12TH NOV 2024📉 Gold Market Outlook 📉 In recent moves, gold broke major support zones, trapping buyers at key demand levels. Currently, we’re seeing another major low broken on the 4-hour time frame, suggesting a potential shift towards a downtrend. Strategic Approach: Wait for Buyer Traps: With significant upside imbalances, we anticipate gold to lure in buyers at demand zones before retracing to fill these imbalances. This would present an ideal setup for shorting opportunities. Potential Longs: For those looking to capture short-term momentum, watch for liquidity sweeps that trap buyers. Once minor highs break, consider long entries but keep risk in check—since the overall market remains bearish, prioritize taking profits quickly. 📈 Stay Updated: Like, follow, and comment for more detailed trading insights and strategies!
OANDA:XAUUSD
by munmeeth
5
BTC ANALYSIS 12TH NOV 2024🚀 BTC Market Update 🚀 Bitcoin's recent surge has left multiple imbalances on the downside across higher time frames. As of now, we've seen the 1-hour candle close below the recent low, hinting at a potential retracement. Plan of Action: Wait for Retracement: The focus is on waiting for price to fill the Fair Value Gap (FVG) and observe a rejection from that level. Profit Target (TP1): If this retracement leads to a downside move, our initial target will be the demand zone below. Extended Target: Should the price continue to dump, hold positions as BTC may aggressively move downward to trap buyers and clear those imbalances. 🔔 Stay Tuned: Follow, like, and comment for more in-depth market insights!
Short
by munmeeth
5
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them. Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole
NSE:MBAPLEducation
by Ashiq996
14 RR TRADE GOLD TP DONEAs you may have seen from my previous post, I anticipated this move accurately. Price reached a level where both sellers and buyers were positioned, setting up for a pivotal breakout. After forming a minor trend line, price attempted to push through the recent swing highs but failed to break decisively. Once it closed below the previous low, I took the opportunity to enter, setting my take profit at a significant 4-hour level. This setup delivered strong results, and I secured a great profit. I hope you captured this trade too! I'll be sharing more in-depth analysis on gold shortly. If you're interested in BTC analysis as well, let me know in the comments. Please like, comment, and share if you find value in these trades. More to come!"
OANDA:XAUUSDShort
by munmeeth
4
CHF/JPY Analysis: Potential Reversal SetupIn this chart, I'm analyzing a potential bullish reversal in the CHF/JPY pair after a downward trend. The price has been moving within a descending channel, with lower highs and lower lows, indicating a bearish sentiment. However, it recently hit a strong demand zone between 174.100 and 174.200, where buyers seem to have stepped in, pushing the price upward. Technical Observations: Breakout of Descending Channel: The price has broken out of the descending channel, which could signal a reversal of the downtrend. Demand Zone Support: The green zones between 174.100 and 174.400 acted as support, creating a base for buyers to initiate an upward movement. Target Levels: If the breakout is sustained, my first target is around the 174.685 level, with a secondary target at 174.920, and 175.160 as final target which aligns with previous resistance levels. Stop-Loss: I've set my stop-loss below the demand zone at 174.093 to protect against potential downside risk if the breakout fails and price re-enters the channel. Trading Plan: I'm looking for a potential long position here, with the breakout from the channel acting as a confirmation for a bullish move. Watching for strong buying momentum to sustain, I’ll look to manage the trade carefully with a close eye on any signs of reversal back into the channel. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader
2
Bank Nifty Corrective Patterns: Triangle, Flat & W-X-Y-X-ZSummarized Points to Watch: 52,493 Level (Wave ((C))): If Wave ((E)) surpasses this level, the triangle pattern may fail. Lower Trendline Support: A breakdown below this trendline before completing Wave ((E)) could invalidate the pattern. Wave Length Symmetry: An imbalanced Wave ((E)) suggests potential pattern weakness. Volume Behavior: A sudden spike during Wave ((E)) may indicate possible failure. Internal Corrective Structure: Wave ((E)) should consist of three sub-waves to maintain pattern integrity. NOTE: Symmetry in sub-waves is crucial for a triangle pattern, meaning the waves should have balanced length and duration. If the wave ((E)) in your chart becomes too short or too long, it creates asymmetry that may question the pattern’s validity. If wave ((E)) ends abruptly without touching the expected trendline, it could also signal potential pattern failure. Flat Correction Pattern ( 3-3-5) in Bank Nifty This pattern comprises three waves: Wave A (3 sub-waves), Wave B (3 sub-waves), and Wave C (5 sub-waves), indicating a temporary trend reversal. W-X-Y-X-Z Complex Correction in Bank Nifty: This complex pattern involves five waves (W, X, Y, X, Z), representing a multi-phase consolidation, with Wave Z potentially signaling the end of the correction and a possible trend continuation. --------------------------------------------------------------------------------- Approaches to Catching Wave (C) Using the Patterns: Triangle Pattern: After the triangle completes, the impulsive Wave (C) generally initiates. You can look for an entry near the end of Wave (E) and monitor for confirmation with a breakout and increased volume. Flat Correction (3-3-5): In a flat correction, after Wave (B), which is a 3-wave structure, Wave (C) follows with 5 impulsive waves. Identifying the end of Wave (B) gives you the opportunity to capture the significant move in Wave (C). W-X-Y-X-Z Complex Correction: In this complex corrective pattern, the impulsive Wave (C) typically starts after the end of Wave (Z). Due to the complex structure, patience is essential, and confirmation usually comes only after Wave (Z) completes.
NSE:BANKNIFTY
by Trade-Technique
4
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Editors' picks
NSE:BLSLong
by TechnicalAnalystSucrit
2
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24605 Bearish-Below 24000 Invalid-Above 24050 T- 23675 NIFTY has closed on a flat note today after giving both side moves in intraday. 24k acted as a strong support today. Now if index goes below 24k bearish move towards 23700 zone will be initiated. It has been said multiple times that index is sell on rise and is still valid till it trades below 50 EMA in daily TF. 24390 and 24000 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24605. For selling we need a 15 Min candle close below 24k. T- 23675. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
1
GOLD ANALYSIS FOR 11TH NOVGold Analysis 4H: Price took demand as support, showing bullish intentions at this level. 1H: Likely to fill imbalances downwards, indicating potential for a pullback. 15M: Rejection noted from a key order block, followed by a break of recent lows and a retracement. Currently, price is positioned at a resistance level. Plan: Wait for price to break this resistance, then observe for a retracement to confirm an entry for a short setup. Targets (TP1, TP2) are marked for reference. Thank you for 200 followers! Like, follow, and comment for more in-depth analyses!
OANDA:XAUUSDShort
by munmeeth
3
Know this before you QUIT TRADINGTrading Myths Busted: The Truth Every Trader Needs to Know If you've been trading (or thinking about it), you've probably heard these myths. Let’s set the record straight 👇 ❌ Myth #1: "99% of Traders Lose Money" 🔍 Reality: It's not that 99% fail—it’s that 99% don't approach trading like a skill. The successful ones invest in learning, adapt to mistakes, and follow rules. Discipline wins over "luck" every time. Are you part of the 1% willing to put in the work? ❌ Myth #2: "Trading Is Just Gambling" 🔍 Reality: Gambling is pure chance. Trading, on the other hand, rewards research, patience, and skill. Successful traders work with data, not dice. ❌ Myth #3: "Only Big Players Can Win" 🔍 Reality: Start with what you have. Big wins are great, but successful traders know how to leverage any amount—even small—by sticking to sound risk management. Your account size doesn’t define your potential; your discipline does. ❌ Myth #4: "The Market Is Out to Get Me" 🔍 Reality: The market doesn’t care about you. It’s not “against” anyone—it just moves. Your job is to understand those moves, not fight them. Control your decisions, and let the rest play out. 💡 Final Truth: Trading is a Skill, Not a Game of Luck Every trader starts somewhere, faces losses, and meets challenges. The difference? Those who succeed see losses as lessons, not defeats. Bust the myths, learn the process, and remember: trading isn’t for thrill—it’s for growth. #TradingMyths #MarketMindset #TruthInTrading #TraderLife
NSE:NIFTYEducation
by keshevdugar
2
Gold is under pressureAs mentioned in weekly analysis video that gold price is clearly under pressure , we have seen the same today , price is resuming the decline and now moving towards the recent low (2643-52). 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 . 🔼For Intra day we can consider following levels for buy in scalping (Buy is just valid for scalping only , so trade with tight SL) 1.For Today the buying area is near 2650-52 (Gann Support Level and Last week Low). 2.Can look for buy on weekly S1+ Gann support Level (2635) 🔻𝐀𝐧𝐝 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨. 1.On pullback and under Weekly pivot + Under resistance trendline 2.On breakdown from Last week Low (Price need good volume to breakdown last week low so keep watching the volume near this Level). Imp Levels : Weekly Pivot :2692 Weekly S1,S2:2635,2585 Weekly R1,R2:2741,2799 𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Buying is valid for scalping only and we have to wait for good confirmation on daily TF for any good buy opportunities and sell is seems to be more favourable.
OANDA:XAUUSDShort
by iambalramkashyap
GBP/USD Facing Bearish Pressure, Testing Key SupportLooking at the GBP/USD chart, I see that the pair is in a downtrend and is facing a strong resistance zone around 1.2920. The price has formed a descending structure with lower highs and lower lows, along with moving below the 34 and 89 EMAs, indicating that the bearish momentum is still strong. The key support zone is currently located in the range of 1.2880–1.2900, which could act as a buffer in the short term. If the price breaks this zone, GBP/USD could continue its downward trend, with the nearest target at 1.2800. Conversely, if this support zone holds and buying pressure appears, I will be watching for a possible recovery to the 1.2950 resistance zone. However, I still favor the bearish scenario due to pressure from the larger trend and weakening bullish momentum.
by Maria_aaa
#Nifty directions and levels for November 11th.Good morning, friends! 🌞 Here are the market directions and levels for November 11th. Market Overview: The global markets are maintaining a bullish sentiment (based on the Dow Jones), while our local market is displaying a moderately bearish outlook. Today, we might see the market open with a neutral to slightly gap-down start, as indicated by the Gifty Nifty showing a decline of 70 points. In the previous session, both Nifty and Bank Nifty showed strong movement, but the fluctuations resembled a diagonal pattern. If the market starts off neutral, this diagonal trend may continue. Conversely, if the market experiences a significant decline, it could reach the bottom of the recent swing. > Currently, there are no structural changes; we remain in a range-bound market. Let’s take a look at the charts. Both Nifty and Bank Nifty are following a similar structure. Nifty Current View: The current view suggests that if the market finds support at the level of 24010 and gradually moves up, or if the market takes a solid pullback initially, then we can expect a minimum pullback of 38% to 50%. This is our first variation. Alternate View: The alternate view suggests that if the market sustains the gap down or declines solidly, then the correction will likely continue to the level of 78% to MDZ.
NSE:NIFTY
by Manickamtraders
2
Natural Gas: Ready for Takeoff? Altitude Levels in Sight!✈️ Natural Gas: Ready for Takeoff? Altitude Levels in Sight! 🚀 Natural Gas is taxiing at 237-238 right now, but it looks like it’s warming up its engines for a major climb. With flight path checkpoints at 318, 386, 493, and the lofty heights of 648 on the radar, this one might just be gearing up for a vertical ascent! 📈 At these levels, Natural Gas is like a fighter jet doing its final pre-flight checks. Maybe it's just waiting for the signal to punch the throttle and blast past 318 for the first stop on this high-flying mission. And if it gains some real altitude, we might even be looking at a top-gun finish at 648 — where the air is thin, and the views are spectacular! 🛫 So, traders, buckle up and keep those goggles on. Natural Gas is ready to soar! It could be one wild flight, and if the fuel holds up, we might all be celebrating at 30,000 feet. Here’s to Natural Gas: wheels up and skies high! 🌌✈️ Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
MCX:NATURALGAS1!Long
by DhirajSinghBais
BANK NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 52060 SL - 51800 TARGETS - 52230,52450,52600 SELL BELOW - 51800 SL - 52060 TARGETS - 51500,51270,51060 NO TRADE ZONE - 51800 to 52060 Previous Day High - 52230 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
Gold :Due for a pullback: Wait and watch zoneGold sold of hard in yesterday trading session as expected and explained in previous post and now trading below weekly S1 (2635) and currently trading at support area (2605-20) , as we have seen a good decline already so at this support area we can expect a pullback (but still there is no major confirmation of buy on any TF yet) , so idea is to wait for pullback near to major resistance area( 2645-55 : On volume profile ) and confirmed rejection we can look for sell opportunities . Those who want to take risk on buy they either have wait for day candle confirmation or can look for buy your stop will be H4 closing below 2600. 𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Expecting a pullback and then we have to wait for confirmation for a re sell. Current price is not favourable for holding or initiating new sell orders, and for buy we have to wait for confirmation on day close.
OANDA:XAUUSD
by iambalramkashyap
Gold plunges $73 from $2686 to $2613: Where Next?Rising dollar keeps hammering gold's safe haven demand despite looming geo political concerns as Trump effect dominates markets. A $73 intraday drop from day high of $2686 pushed the yellow metal to $2613 The low comes in close proximity to swing low $2602 If bulls succeed in reclaiming stability above this low, next resistance comes at $2650 Recovery above $2650 will increase the chances of extension towards $2675-$2685-$2697 Failing to reclaim $2650 will indicate bearish domination extending correction towards $2602 which if fails to hold, expect further decline towards $2560-$2535 Note: This is a price action study, not meant to be a trading advice.
OANDA:XAUUSDShort
by SunilKumarDixitSKCharting
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NSE:ASHOKLEYLong
by Murthy_Santhosh
4