Asian Paints | Possible Bottom ? ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
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Orderblock
The Great Debate: Which PD Array is the Best?There’s been an ongoing debate across social media platforms about which PD array is the best in the PD Arrays matrix. Influencers have taken sides, with some giving more attention to certain arrays, claiming they’ve mastered it better than others. You’ve probably seen posts like "OB > FVG" or "FVG > everything" floating around.
But let’s be real here, the names behind these claims aren’t worth mentioning, because it only adds more attention to those chasing the hype. The real credit belongs to ICT, the mind behind these concepts. So let’s redirect our focus to where it belongs.
Which PD Array Is Actually the Best?
Take a good look at the PD Array matrix again.
Now, if you truly understand the PD array matrix, you wouldn’t be asking, “Which is the best?” The answer is literally in front of you.
Here’s a little tip: The arrays are listed in a specific order, and that order is crucial. They’re designed to form in the sequence you see in the matrix.
Food for Thought
Instead of me flat-out telling you which PD array is the top dog, let’s do a little mental exercise that will help you figure it out yourself. Ready?
Imagine you're a market maker. You’re getting ready to enter a short position, and naturally, you're greedy. You want maximum returns as quickly as possible. The question is: Which premium array would you pick for placing your orders in the most efficient way, ensuring you make the most money in the shortest time?
Think about it. The answer should be obvious now.
Got it? Perfect. Now you know which PD array might have the edge over others. It’s not about someone else telling you - it’s about understanding the logic behind how they work and how they fit into the bigger picture.
Final Thoughts
Thank you for taking the time to dive into this topic with me. I hope this post got your mind working in the right direction. And remember, understanding the PD Array matrix is more important than chasing whatever’s trending online. The more you think critically about these concepts, the better your trading decisions will be.
See you again soon with another post filled with more valuable insights!
BTC new ATH by the end of 2023 or in 2024?Hi dear community and my lovely followers.
As you see all my analyses published in May played out ideally. /Check my previous publications with comments/. I told you many times I don't expect BTC to go below 25K with candle close, BTC btttomed at 24.8K and pumped in an aggressive way towards previous high 30-31K.
I'm looking at monthly chart of BTC and have drawn all major zones and levels that will have vital role in coming weeks and months. Definitely BTC will become very sensitive at 36-37K zone and react at that zone which is Monthly Bearish Breaker, FVG, lowest point of daily and 2W bearish OB. If it manages breaking 37K more likely it will be rejected at 40-42K which is not only daily and 2W bearish OB with mean threshold 41K but also Inverse H & S target and upper target of inverted descending triangle. To tell the truth it is less liekly that BTC will break through the mentioned zones without rejection and some period of consolidation below it.
When BTC reaches to the mentioned zone BTCD will reach 58-60% major resisatance zone and we'll see deep retrace with mini altseason before new ATH and Legendary alt season after new ATH.
Check all charts and comments below this analysis/.
Above mentioned levels, the last major resisatnce before new ATH is 48-53K. As you see there is monthly bearish OB at 43-45.5K but I don't expect price to react at that zone coz there is monthly IDM+ BSL above 48K which will be taken out and price will hit monthly FVG at 48-53K/Mean threshold 50.8K/. After reaching 48-53K I expect deep correction towards 28-30K. MM who have been accumulating huge amount of BTC at 24-28K, they will distribute their accumulated BTC at 48-53K when dumb money starts screaming new ATH is coming and FOMO into it MM will dump price to 28-30K. Which will prolong new ATH by Q1-Q2 2024 maybe a little bit longer. /Green & Blue scenario with targets 160-180K/
If we don't see deep retrace or correction at above mentioned zones and BTC reacts with short term shallow pullbacks, we can see new ATH by the end of 2023 with parabolic move/Orange scenario/ with the target 72-85K/.
Dear community stay level headed, keep patience and don't be shaken out new ATH is coming either by 2023 or in 2024. Be prepared for both scenarios, As soon as BTC reaches to the mentioned zones I will update my ideas and let you know what will come next and which scenario has higher probability to play out.
If you look through all my publications since June 2022, I nailed out the first bottom of BTC at 18.5K/a real bottom/ in June 2022, then 2d bottom at 15.5K/Spring-bear brap/ in November 2022, Pump from 15.5K to 25K, dump to 19-19.5K, pump to 28-30K, dump to 25K and coming pump to at least 36-37K.
If you like my ideas and analyses don't forget to like, comment, retweet and show your support. Have a good day with winning trades. I wish you health and welth)).
SWING TRADE : UNO MINDA (2.5:1) UNO MINDA has been lately developing a structure of retest of a break of structure & has retested the imbalances, entry @542 looks good with a SL @524 & target @582 as marked. Volume is the key here, when it gave a breakout there was a good volume expansion and when it retested, volume faded!
This is also a retest of a descending triangle or sloping trendline, safe traders can wait for a follow up candle as confirmation to enter.
Use strict SL & Targets and also do your own research! Thanks for reading!
I welcome your views.
AUDUSD - SHORT ANALYSIS - We are looking at AUD/USD which clearly respects SMC and moves in a proper orderflow.
- We are also looking at a higher time frame and i will start looking for shorts in LTF, such as 15M, 5M when market bumps into our POI.
- Target is going to be 1:20 with the most tighest stoploss.
Reason why I am bearish on 10Y T-Note#ZN1! #10YearTNote #Weekly #CBOT
- I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly.
- In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure.
- With that said, I am weighing more on the possibility that the bullish wave from 130’25’0 to 135’15’0 is an 5-3-5 ABC corrective phase and this scenario becomes a bit more solid if bottom of the blue channel fails supporting.
- While expecting another corrective wave, a major confluent zone to keep an eye on is the red circle on the chart. This is where an inner downward trendline, a neckline (green trendline), and 0.382 retracement level overlaps.
- However, entering long here seems quite risky considering the RR ratio. Also, if the potential neckline (green trendline) breaks below, I am way more bearish expecting widening/broadening pattern.
- Those aggressive traders willing to take the risk here (buying at red circle), make sure to set a tight stoploss. I would rather be patient and wait until the price action gets confirmed and enter short if the trendline fails supporting.
- Here are some of the decent areas to enter long position if the H&S case is likely after observing failure of support at the neckline: 128’5~129’5 and 124’9~125’9.
Possible Scenarios for Bitcoin#BTCUSDT #Binance #4HR #Midterm #Elliottwave
- It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances.
- Out of countless Elliott Wave counts, I’ve summarized those that are relatively more plausible and credible. All the cases here were interpreted assuming that the all-time high at 65K(on Binance Chart) is the start of a corrective waves, either as 5-3-5 corrective wave or 5-3-5-3-5 impulsive wave(regarding it as a wave A).
- First of all, let’s look at the scenario A. The swing low formed at 7/21 has been considered as the end of the 5-3-5-3-5 yellow bearish impulsive wave, and thus a whole green wave A. Then the bullish wave structure after that low can be interpreted as green wave B. In this case, Bitcoin is going through yellow wave B of the green wave C and their target prices are 50.8K~52.0K(valid until 8/18) and 53.3K~54.5K.
- Similarly, scenario B also indicates that Bitcoin is forming green wave B currently, but is a bit different that the start of the yellow wave A is at the low formed at 6/22 rather than 7/21. If bears become more dominant from this current price, we can target yellow wave B within the green wave B, at 36.5K~37.7K(valid until 8/29) and 32.8K~34.0K(valid until 9/20).
- Scenario C is one of my bearish counts, viewing that yellow bearish impulsive wave is still ongoing. Adapting the Elliott wave rule that the micro wave 5 of the macro wave 3 cannot be truncated, I have comprehended the low at 6/22 as the yellow wave 3. Hence, the upward wave after becomes yellow wave 4. In this case, we have to make sure that the recent high doesn’t overlap the end of yellow wave 1 which means if Bitcoin succeeds to make higher swing, this counting becomes invalid. The yellow wave 5 can be targeted at 32.8K~34.0K(Valid until 9/20) and 25.6K~26.9K.
- My bullish scenario is the last one. Here, I have considered the current circumstance that the green ABC corrective wave is done and we are now on a new bullish impulsive wave. Whether the end of the green wave C is the low at 6/22 or 7/21, the bullish wave structure can be interpreted as an impulsive wave. In other words, Bitcoin is on yellow wave 3 or 5 of the green wave 1. If Bitcoin shows some bullish movement, the target prices of the green wave 1 are 50.8K~52.0K(valid until8/18) and 53.3K~54.5K. On the other hand, if we observe failure of the swing high, then green wave 2 is to be targeted at 36.5K~37.7K(valid until 8/29) and 32.8K~34.0K(valid until 9/20).