Crudeoil has been on a tear making new highs in the last few weeks . All this may have ended in a wave 5 of 5 and a major turn seems to have begun. The downmove from the Feb 15th high is clearly a diagonal wave A ( or wave 1) , a correction in wave B ( or wave 2) has completed a few hours back. As long as the 94.95 high holds , look for an accelerated move at a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1902.4). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. Either a larger correction of higher...
After three consecutive weeks of upside, silver had a sober start to the current week as it marked the first negative daily closing in four. However, the latest anti-risk headlines, mainly concerning odds over the Russian invasion of Ukraine, help XAG/USD to refresh its monthly high. Also, the bright metal remains above a 13-day-old support line amid firmer RSI...
15 Min Time Frame : 1. Hindalco may give some correction from here 2. Look for trade setup in Intraday Disclaimer : > This analysis is for educational purpose only. > Keep an eye on global market as well, trade as per market condition.
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. TRADING STRATEGY: Buy Crude oil :...
target 2000 within 3 months from now which is before june 2022 . when it closes above 200 THIS IS JUST FOR EDUCATIONAL PURPOSE. THIS ANALYSIS IS NOT FOR FINANCIAL PURPOSE.
Midterm forecast: 1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1874.88 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to...
Gold has finally given the breakout of ascending triangle pattern with RSI breaching above 60 and MACD crossover, and the target coming for that pattern is of 52000. I've given this call 1 week earlier, those who have trade my idea have surely made profit you could check that idea in the related link.
This is my Crudeoil view for 17-2-2022, just for educational purpose
NATURALGAS formed the "Ascending Broadening Wedge" pattern on the daily chart.
Bearish Scenario A sustained move under $1899.80 will signal the presence of sellers. This could trigger a late session pullback into $1861.60, but not necessarily lead to a change in the main trend.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (91.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . WTI is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Description : Chart of Gold is forming a beautiful triangle. Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$. Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
A strong breakout candidate copper set for resuming the uptrend after a thorough consolidation
WTI_crude oil uptrend martingale by Daily RTL & Daily STL. May taste 89.02 - 87.40 (Demand Zone) levels OR it may blast by taking support on Daily STL + Daily DZ.
Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880. Not only the bearish chart pattern but RSI divergence also warrants the buyer’s caution as the higher high in prices accompanies lower-high of the RSI line. Hence, odds of a pullback towards the 200-DMA level of $1,807 can’t be ruled out if the quote...
Gold is looking bullish. After the breakout , gold has taken a retest and ready to go up. TP 1 - 1903 TP 2 - 1951 SL - 1800