The market came and retested the trendline again in 4hrs. So we went down to the lower timeframe for entry. After the breakout of previous resistance in 30 mins we took this trade with a very good 1:2 risk to reward.
we took this trade very earlier before and got stopped out. So we are in this trade again.
NSE:NIFTY seems to be taking support at 50% fibo level. It has very good trend line support as well. If NIFTY sustains above the trendline we can look for long in nifty. If it decisively breaks the line on Monday we can see very good fall.
The harmonic pattern is showing the price reversal zone of XRPUSD is between $ 0.61 to $ 0.64.
Minimum target of $ 0.44
This is a Bearish Harmonic Bat Pattern.
Ashok Leyland Future is on the bearish horizon. It has already stood below the entry-level (130.85) there is a high probability to reach Target(110.85)
Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics.
Please honour the SL(139.4) in case of upwards move.
Entire data analysis was done on EOD...
Cardano going great and successfully achieve all short-term targets but ada looking still bullish with new possible parabolic movement tatgets..if we holding major supports...!!
It is forming a CUP and Handle Patter
And a bullish channel
Upside targets
T1= 116.50
T2= 121.50
T3= 122.50
T4= 125.70
Currently retracing to form handle and touching lower line if the channel at 0.382 (112.85) of FIB retracement. If sustained, then it can quickly achieve targets on long side and it is not sustained then the fresh targets for downside are
T1...
Go Long above 1469.85 for Targets of 1514.05, 1558.05, and 1601.7 with SL 1425.85
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1-day chart we see the stock took support from 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern...
Price has completed 100% Fibonacci retracement. Price more likely to move up after consolidation in parallel channel. Take buy position once breakout or bottom price of channel with stop loss for long term.
CURRENT STRUCTURE:WXY DOUBLE CORRECTION
CURRENT LEG:WAVE Y SUB WAVE C COMMENCEMENT
WAVE Y TYPE:EXPANDED FLAT
TARGET ZONE PRICE FOR WAVE C OF EXPANDED FLAT : 290-280
MACD NEGATIVE CROSS-OVER SUGGESTING DOWNWARD MOVEMENT IN NEAR FUTURE.
AVOID LONG TILL PRICE HIT'S 290-280 PRICE ZONE.SHORTING IS NOT ADVISABLE AS RISK-REWARD IS NOT FAVORABLE. ALSO IF CONSIDERED...
