Pattern: Falling Wedge Stock: MRF Timeframe: Daily Status: Pattern yet to break Pattern Characteristics: A falling wedge occurs when the price is making lower highs and lower lows, but the distance between the lows and highs is narrowing. This indicates that bearish momentum is weakening, and a potential breakout to the upside could occur. Key Observations:...
EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its...
ITDCEM 562 Good Weekly Breakout level Study and buy only for Education purpose
Hey everyone! 🌟 It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price...
CRYPTOCAP:ETH Chart Update Next Target: $5500-$6000 Best Accumulation Zone: $2500-$2100 Long Term Target: $8000-$10,000 #Ethereum bounced strongly from the $2100 level (channel support), and with the next resistance at $5500-$6000, I’m expecting the next stop for #ETH to be $6000
ARNOLD 59 is Good Weekly Breakout level Study and buy only for education purpose
nifty forming weekly flag very bulish sign can do bull call spread or go naked on any retracement with support of 26000 psycological number hold till rsi 88in dtf or weekly tf
54000 and 53000 are psycologycal numbe if open between this range it will be non trading zone is open above 54000 and takes support with proper retracement then 55800 will be next target in few days, you can go bull call spreads or or naked till rsi sustained above 70 in monthly time frame and daily, exit position if rsi reached 82.. no shorts for now
After the first impulse move it seems the correction is over and its all set for the next impulse move towards 500 /600. Disclaimer: I have this stock in my portfolio and this analysis is my effort in using Elliot Wave Theory for education purpose.
This chart depicts **Constellation Energy Corporation (CEG)** on NASDAQ with a daily timeframe. Here's an analysis of the current price action: ### Key Observations: 1. **Falling Wedge Breakout:** - The stock has broken out of a **falling wedge pattern**, a bullish signal. The wedge starts around the high in May 2024, with a steady decline until early...
This chart depicts the stock price action of **CrowdStrike Holdings, Inc. (CRWD)** on the NASDAQ, displayed on a daily timeframe. Here's a breakdown of the analysis: ### Key Observations: 1. **Cup and Handle Formation:** - The chart clearly shows a **Cup and Handle** pattern forming, which is a bullish continuation signal. - The "cup" spans from June to...
The price comes to previous resistance, expecting a support now
Bitcoin is currently trading at 62,836 - Bitcoin needs to flip and close above 65,213$ to flip bullish and discover new prices - On the downside, we can soon see 61,300$ getting tested before we move further impulsively - Bitcoin followed my old path exactly the way I had predicted it to follow - Majorly Twitter and a lot of social media outlets were bullish...
NIFTY has been on an upward trajectory and is ready take a pause unless the trend breaks on the upside.
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout. Volatility Contraction pattern development in RVNL . first level is 19.9 % Second level is17.25 Stock is now following the Trend lines pattern as shown . Not necessary it will follow the same pattern. ...
Hdfc Bank is Bullish on the weekly chart after breaking its 4-year Range and with volume it's moving to 1800 chances are 1800-1900 Range for some before it moves to 2000 Range.
Can this play out? leaving it here for future reference probably need to double check the rules for this pattern
Britannia is making the Rounding Bottom on the Daily Chart and breaking its 6000 level with volume and chances are going to 7000. Disclaimer - The chart is for Education purposes only