BNF tried to move past 46753, it failed and made a double top before testing 46546.
This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360.
Note:...
There is good resistance at 46923 and support at 46546. If price opens near 46923 and rejects, it's a good opportunity to short. T1 can be 46699. T2 can be 46546.
An inverted Head and Shoulder pattern seen in BNF, 15M TimeFrame. neck line is weak, but 2nd shoulder is firmly in place. If price breaks the 3 resistances above (46700, 46850, 47000), it could make a good recovery most likely with a cup and handle formation. This recovery will most likely sustain and revert to a parallel channel in 4H TF.
Hello everyone, following last week's upward trend, gold has once again started the second trading session with strong price increases.
In the early trading hours, gold briefly reached $2354 but quickly retreated and is currently at $2337, marking a 0.31% increase for the day.
In light of escalating tensions, gold's traditional headwinds have failed to impede...
Today I am looking to take long position for short term trade,
I am telling you the bias only
Just trade by your rules and setup accordingly.
Learn to do analysis by yourself.
- OP is currently trading at 3.3$ at the time of publishing this
- Layer 2 has a powerful narrative because VanEck expects Layer 2 as a whole to grow more
- Technically L2 looks solid and if you are already holding OP then continue holding this
- If you want to add OP, let it breach 3.6$ or its previous swing high first post that we will evaluate again. As of...
On April 9th, Nifty 50 displays a mix of optimism and caution amid market fluctuations. Traders scrutinize trend patterns for potential short-term trades, exercising caution in volatile conditions. Breakout strategies remain viable with patience, awaiting decisive market signals. Strategic risk management is imperative for navigating the day's trading landscape...
On April 9th, Bank Nifty reflects cautious optimism amidst evolving market dynamics. Traders analyze key support and resistance levels for potential short-term opportunities. With patience, breakout strategies await clear signals before committing to positions. Prudent risk management is essential in navigating the day's trading environment, ensuring resilience...
Crude has made the double top and it has rejected from that level. Now if it break 7202 then there is possibility of price trying to fill the gap below. I have consider the candle stick pattern and trend analysis.
💎 Paradisers, #ATOM has recently broken out of a resistive trendline and is forming an inverse head and shoulders pattern, which increased probability of a bullish move.
💎If #ATOMUSDT breaks above the resistant level, it will confirm the inverse head and shoulders pattern, potentially leading to targets till the next resistant levels.
💎In the event of a...
💎Paradisers, #PEPE has form a falling wedge pattern and shown signs of bullishness from the demand area.
💎If #PEPEUSDT breaks out above the resistant zone, it will form a W pattern, indicating potential targets till the next resistant levels.
💎In the event of a pullback, we can anticipate a bounce from the demand level, which is supporting the current bullish...
Gold's trend was weak in early trading today. After falling to test the 2303 support level, it quickly rose strongly and directly surged to the 2353 level before coming under pressure. Today's market conditions are in line with our expectations in the weekly review. The weekly review clearly pointed out that we should look long before going short. We should not...
The stock showed single day Biggest move of 10% after Positive News
Long Term Investors can Keep Trailing Stop Loss
After such a big movement the price might come for Retesting
* For Education Purpose
Practice and Learn price action setups
