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Fibextensions

BITCOIN 80k soon : FIB Extension & Flag-Pole theory (READ CAP) Bitcoin projected targets are 80k as per both of my theories:- 1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory. Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k Now that's huge and looks quite accurate. COMMENT your views HODL !
Long
by meetmoneypenny
RELIANCE, ACCUMULATION, PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case OBSERVATIONS Reliance has always been rising. But recently since Sept 2020 we have seen a consolidation between 1800 and 2400 levels. Now as the volume profile suggests the recent volume is almost the same as the previous accumulation when NSE:RELIANCE started rising. (Regions are marked in violet boxes) So it could be either accumulation or distribution. But I bet its accumulation because of more buying(green) volume than selling volume and it has recently given a triangular breakout with huge volume. So if this is accumulation then a confirmatory breakout above 2400/2369 level will continue the uptrend even better than the previous one, because we have more accumulation now than before. So waiting for a breakout above 2400 level will be less risky and more profitable. I will update here when that happens TARGET WITH LOGIC Several Accumulations have happened since the uptrend started. So since the current volume is comparable to the previous accumulation region it makes sense to assume that the trend continuation will be longer than what happened since then. That is more the accumulation, greater the strength, so the more the move. So I used a Fib Extension from that level till now and chose a 168% as target. But this target is above all-time-high so its a provisional target level. Entry Confirmatory breakout above 2400 level in 1D timeframe or as per your strategy. But confirmatory breakout above the important and psychological 2400 level is less risky. Stop-loss Since 1850 is a nice support levels (support in the rectangular region, tested multiple times) so i would prefer the stop-loss around that level. Since our target is high enough, a conservative stop-loss will be better to avoid being stopped out unnecessarily. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:RELIANCE
NSE:RELIANCELong
by VPA_TRADER
WEDGE-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: In volume profile we can compare the levels of volume at different price levels historically and current price levels to try to find the strength of current move and strength of the resistance it might face. If the up-move (currently) and its previous accumulation's volume is very high compared to the volume of its historical resistance level it means we have more strength in up-move and weak resistances can be crossed. IMPORTANT OBSERVATIONS-: 1. Stock was declining for a while. 2. Gave a nice falling wedge or triangular pattern breakout and started rising. 3. Recently accumulated over a range and then gave a breakout. 4. Has retraced a little with low volume and thus has given us an opportunity to enter with confirmation. 5. The volume of the accumulation level is too high compared to the volume at its all time high, which shows its a weak resistance level and there is a high chance it will be broken. TARGET WITH LOGIC: Since all-time-high has a weak resistance we might make a target farther than the all time high. Since the up-move is strong and accumulation has nice volume. So a Fib Extension target of 168% makes sense since , since the rally started the recent accumulation has more volume than ever before so the current expected up-move should be more than the previous rally. So 168% MY APOLOGIES-: Of course the best entry would have been after breakout of the wedge pattern with confirmation but I had not come across the stock at that time due to my negligence. (See my other recent posts, some of them have recently given wedge breakout with good opportunities) ENTRY and STOP-LOSS Entry at CMP above 90 level with a conservative stop-loss at the support of accumulation which is at 65 would be better than an aggressive stop-loss. Enter only if next time the entry price gives a reasonable RR ratio as per your strategy. Keep trailing stop-loss. One of the ways is to use Moving Average with Average True Range(14) (ATR) as buffer. EXIT IF there is bearishness near the all time high, a trailed stop-loss should be at place and obeyed. Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
WLong
by VPA_TRADER
Cypher Harmonic With Crazy Confluences Both on 35k and 45k!here you see a crazy Potential Cypher Harmonic that i found with crazy confluence on 35k. my plan is to take the long on B (35k) and trade it up to C ( 45k ) There i have crazy Confluences aswell. this is just godmode if it happens on 8th of august. i love it when it all comes together. Smash that Like button , and hit me in the comments! for more Crazy Confluences Provided by Thunderboy21 Bringing Thunder in the markets! Take care!
Long
by Thunderboy21
2
GRASIM ACCUMULATION BREAKOUT PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case POC- : The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place. Firstly GRASIM has been rallying since a long while. With a hell lot of green volume it has been rising. Recently it took a pause to consolidate. Now a consolidation can be either accumulation or distribution. We observe the recent consolidation volume to be the highest since the rally began. So it is either accumulation or distribution. But I would bet on accumulation because-: (refer to point 2 in volume profile) IMPORTANT OBSERVATIONS-: 1. The consolidation happened in an up-sloping, triangular manner i:e higher lows and faced resistance at the same 1500 level 3 times making the resistance level strong. 2. 3 times tested resistance line was broken with nice volume. Moreover each time it retraced it was on low volume. This gives us confirmation of an accumulation region along with breakout TARGET Now the accumulation has a lot of volume, the highest since the rally started. So it makes sense to assume the current expected rally should be at least of that maginitude. More the accumulation, greater the strength, so the more the move. So I used a Fib Extension from the recent accumulation region and a target of 100%(at least) Entry Confirmatory breakout has happened but price is still there giving us space and favourable RR ratio to enter. So entry at CMP . STOP-LOSS Since we are expecting a nice uptrend to continue with target high enough and again as it is swing trade, a conservative stop-loss will be better Since 1260 is a nice support levels and just above the previous small, minute pause during 2Feb - 1Mar 2021, so i would prefer the stop-loss around that level. Keep trailing stop-loss as per you strategy. Using Moving Averages with ATR( Average True Range ) as buffer is one of the ways. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:GRASIM
NSE:GRASIMLong
by VPA_TRADER
5
Reliance W-Patterns and Fib. ExtensionsW-shaped patterns work best at the bottom of a major downtrend but they can also be seen as a trend continuation patterns. On this weekly chart there are three W-shape bottom formations that appeared in 2018, 2019 and recently in 2021 and all the three appeared with in an existing uptrend. In such a case we can play this pattern with conservative targets. In the last two occasions the stock rallied up to 1.27-1.618 extension levels. In 2021 too we can expect these targets which come at around 2514-2699. Hope this small analysis will be useful. Regards
NSE:RELIANCE
by Bravetotrade
7
Nifty: FIb Analysis -- Play with numbersI am not a bear..I don't want market to go down BUT it is what it is and we have to follow the trend AND the current trend is down..right? So whatever targets we project will be on the downside. The 50% retracement has been an important reversal area in the past corrections.. see my older posts, so we can assume that it can act as a solid support in this downfall too. Not only that we have a number of other fib confluences near that level (see chart) so that could add some extra cushions to support the markets. For investors and traders the value zone represented in the chart may be an important belt to pump money into the markets. Hope this analysis would help investors and traders in prudent decision making. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5
Do We Need To Be Cautious ?Hi, Since festive season is over here in North, I might spare some more time to write on TV. Let's begin with this post on Nifty. In my last post I tried to time the market in anticipation of a correction. Although market reacted for a few days from there, yet I can't call that a correction. Price-Time analysis has once again been hinting at something but this time let's not talk about time and talk about price action only. Few words of caution: First of all we are in the uncharted territory which is highly bullish. But that does not mean that we ll have a parabolic ride on the upside only. There will be corrections and consolidations. Secondly, we are at the upper end of the uptrend channel, in which markets have been gyrating for the past few years, which could be a concern. Thirdly, patterns similar to previous corrections have been observed near the upper end I just discussed. Fourthly, Jumping out of the channel takes us to an overbought zone which demands consolidation/correction. I am just saying it on price action basis not on any indicator basis but you can have it confirmed if u want to. So If history is to repeat, we might see correction. In this scenario 10400-10425 would be the level to watch out for. At present I ll not discuss levels below this point and would reassess once the market reaches that point. I might be wrong: I would be happy if markets correct but my heart ll go "gaga" if markets make new highs, because I have just reduced on my long positions I am not short yet. So let's say the current move has more legs on the upside. Here I would assume that markets have been trying to develop a new channel which has its upper boundaries outside the current channel. What should be the levels on the upside to book more profits? I ll look for 10800-10850 zone to book some more profits. 10930 would be an extended zone for major concern. If this level is achieved and we correct, 10530-10600 zone may offer a first level of support. I a nutshell , in the backdrop of the above cautious notes, I would like to book some profits at this stage and would use trailing stops on remaining positions. May we all make nice profits in this year too. Regards Bravetotrade
NSE:NIFTY
by Bravetotrade
2
NIFTY WEEKLYFantastic Finish to the expiry yesterday as we saw Nifty close above 10k and display a show of strong bullishness. The spot Nifty charts however are indicating that the Nifty has tread into strong resistances as we can see from the charts above. The resistances seen here does pull the plug on the markets for now as we are witnessing a median line resistances combined with a Fibonacci extension resistance that could definitely arrest the prices for now. Further with the last trading day of the week in play we might witness a flurry of exits as profit booking could be triggered by the weak hearted ones. So get set for a volatile scenario today.
NSE:NIFTY
by NeoTraders
Nifty : Standing Against the Bulls, Potential Short !Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty. I'm looking at few rules I have, (i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone (ii) Resistance zone - Yes (iii) Fib extension confirmation - Yes Waiting for Bearish price action confirmation to short. But that doesn't mean Nifty will reverse, so follow your own trade plan. Nifty may give bearish signal and take out my stops again, so trade your own plan. According to Me if the rules confirm I won;t hesistate to short Nifty. This is called as following your trade plan everytime with discipline. Standing Against Bull Force... Happy Trading !
NSE:NIFTYShort
by InsiderB
12
Nifty : Fighting Bears like Spartan's !Welcome Monday ! We are ready... Today we have simple ABCD trade setup bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we get Bullish confirmation in the zone along with ABCD completion, But if Nifty crosses above C, this ABCD counter trade setup will become invalid, so we need to look for other opportunities. It's always a game of predictive analysis about Future, not the past wins !{ Note : We haven't got much losers in Nifty for past few weeks, so if some losses come along the way, Be Bold } So if Nifty Bears comes into our zone & gives bullish confirmation, Stand against those Bears Like Spartan's with Sharpened spear to pierce the chest of Bear's. Looks like so much of violence, do I need to censor ? ;)
NSE:NIFTYLong
by InsiderB
21