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Correction

S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis. = since it is a very short-term time frame, I will not comment further. = the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible. = the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction. The following methods are used and shown in the following: - SUPPLY&DEMAND ZONES - FIBONACCI LEVEL - POINTS OF INTEREST - TREND LINES SUPPLY & DEMAND ZONES „4 hour + 1 day – time window“ „1 hour – time window“ „1-4 hour + 1 day – time window“ FIBONACCI LEVEL „Intraday - time window“ „Day - time window“ POINTS OF INTEREST „4 hour - time window“ TRENDLINES „Intraday - time window“ „Day - time window“ RAW VERSION WITHOUT DRAWINGS „4 hour - time window“ „1 hour - time window“ > Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
OANDA:SPX500USD
by ZielIstDieAutarkie
IEX is about to complete it's correctionIndian energy exchange is now about to complete it's correction ,it is doing a double correction in major wave IV, fifth to the upside is still due. We can expect correction to complete near 124.85-125.85 and then final V wave target will be 407. And I'm expecting fifth to be extended because normal projection limit of wave V are 0.382 & 0.618 but as you can see these levels are already under wave III so wave V will be an extended wave.
NSE:IEXEducation
by leichtsinnig8868
Expecting a small correction in the AUTO SECTORNSE:CNXAUTO I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month. The same is with the RSI, there is also a small divergence as the RSI is moving in a range and didn't went up with the prices in the past one month indicating loosing momentum. I am expecting the prices to correct and test its 50 EMA levels and extremely it could test the lower Trendline. But not expecting a Bear trend or a trend reversal, as the Sector has outperformed NIFTY 50 for the last 1 year. It is a good time to book partial profits and re enter at lower levels. Disclaimer : It is my own view and analysis. It is for educational purposes and not any type of Recommendation, call or a tip.
NSE:CNXAUTOShort
by Kunal-Battu
3
EURCHF Trading Plan - 04/Sep/2022Hello Traders, Hope you all are doing good!! I expect EURCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper
Gold spot Fractal pattern Gold XAUUSD has seen a similar pattern ( Fractal represented by BOX on the price chart) formed between August'2011 to September'2012. A similar pattern has currently unfolded and we are at the cusp of the breakdown of the consolidation range, while range breakdown will mean flinty times for gold bulls as gold remained in cyclical correction for around 1000 days post break down of the trading range to bottom out in 2015. Further, this month's close below USD 1700 levels will ensure swing failure on RSI (14 Pd).
FOREXCOM:XAUUSDShort
by A_Samar
NAMINDIA - Short-term BullishNAMINDIA - Short-term Bullish 1. Short-term Bullish when it crosses 300. 2. Target will be 340. 3. Looks like more than 40% correction from the all-time high. 4. Stock may recover when the market moves to stable mode. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:NAM_INDIALong
by ravi15684
BANKNIFTY- UPDATEThe earlier Analysis is coming true and I hope it is the final destiny of bank-nifty. Now you can put 20% of your capital to investment. I am personally feeling that we would touch the lower trend-line plotted with red line. Two circles are plotted to show the Fibonacci Ratio Supports and there are some red vertical line those are cyclic lines which give an approximated time to travel the targets. Please hit like if you liked the chart. It is an update to the last chart updated. Please do your own analysis before going for any trade execution. Regards
NSE:BANKNIFTY
by imkhushal
3
TATAMOTORS : WILL IT MAKE OR BREAKHello !! Welcome to the quick update of TATAMOTORS. After a huge rally until 536, it took a correction. The correction is very much important for any stock to make a new high in the long term. With the onset of various wars and market factors, it dumped badly. As of now, it is trading at around Rs 395. I think the stock should take a bounce from here as shown in the chart. It should not go below the trend line. As of now, it is trying to break the trend line. If the stock closed under Rs 392, there will be more downside until Rs 334. We can enter this stock once the picture is clear and the stock moves above Rs 399. The expected entry one can take should be between Rs 399 to Rs 405 only if it enters the channel again. The expected targets are as below: Rs 417 Rs 463 Rs 528 Please wait for the right moment to enter this trade and do not panic or FOMO. The market will surely be green in a few days as nothing goes down forever. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:TATAMOTORSLong
by ScramblerG
WaveTalks-HDFC- Old Ways Leading to New Destinations-CCCOld Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations. These Old ways / methods discussed are Channel / Trendline Chart Pattern - Head & Shoulder Correction ----------------------------------------------------------------------------------------------------------------------------------- HDFC Idea's Diary Published at TradingView in.tradingview.com
HLong
by WaveTalks
7
Part 1: How to Count Waves Using Chart Patterns?We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom, Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns. I have covered Three chart patterns in this article, 1) Triangles 2) Head and shoulders 3) Double Top and Bottom 1) Head and shoulders : In addition, the two lows formed when the price failed to rise and fell back down were basically at the same level. The horizontal line is often referred to as the "neckline" When the price fails to fall back for the third time neckline will break. So "head and shoulders" was officially established. Changes in volume with head and shoulders: During the formation of "head and shoulders", the left shoulder has the largest volume, the Head has a slightly smaller volume, and the right shoulder has the smallest volume. The phenomenon of diminishing trading volume shows that when the stock price rises, the chasing force is getting weaker and weaker, and the price has the meaning of rising to the end. Operation plan after the Head and shoulders appear: When the head and shoulders formed, you can decisively follow up the short order. The formation of the head and shoulders indicates the beginning of a new round of decline in the market, and the minimum drop is the distance from the head to the neckline. The profit is very substantial. Therefore, studying the formation of the Head and Shoulders is also a necessary analysis process for band enthusiasts. Wave Count : The left shoulder: wave 3/A. The first touch on the neckline: wave 4/B Head: wave 5/C The second touch on the neckline: wave A/1 The right shoulder: wave B/2 The ending point of the right shoulder: wave C/3 2) Triangles : These are the most commonly used triangle patterns. In this motion, we are going to understand the triangle in terms of the Elliot wave. We'll be talking about the classical triangle pattern in an upcoming educational series. Wave Count : A triangle forms in corrective waves. There are Four corrective waves in Elliott wave theory. The corrective waves are 2,4, B, and X. There are four waves in a triangle which are A, B, C, D, E. The starting point of wave A of the triangle is the ending point of impulsive wave 1/3/A/W. After the completion of wave E of wave 1/3/A/W, the Impulsive wave will initiate. 3) Double Tops and Bottom: In the chart, you can sometimes see the stock price fluctuations. The stock price fell back after reaching the highest price. After some sorting, it rose again to near the previous stock price level and then fell back. Two "normally highs" The high point is formed on the circuit diagram and will not be seen again in the short term. Wave Count : In a Bull market, The first Top of the pattern represents the completion of the impulsive wave. The ending point of the Impulsive wave is the starting point of the corrective wave. I started the wave count from the first Top and labeled it as A, B, and C waves. In a Bear Market, The first Bottom of the pattern represents the completion of the impulsive wave. The ending point of the Impulsive wave is the starting point of the corrective wave. I started the wave count from the first Bottom and labeled it as A, B, and C waves. After wave C is complete, we can ride the impulsive waves.
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NSE:HDFCBANKEducation
by forextidings
69