The US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
Howdy Traders ,
This is 30 minute time frame chart of AXIS BANK.
You can see that waves 1 to 5 are completed.
The retracement of wave 1 is 61.8% and retracement of the wave 4 is 38.2%.
The 3rd wave is extended and in that we can see other degrees of Elliott Wave cycle.
The 4th wave can make an expanding triangle. Let's Wait for wave E
5th wave can travel up to 61.8%.
1) Wait for the price to reject at the entry range and take long position accordingly
2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION .
3) May wait for trendline breakout and retest for more confirmation .
4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your...
XAUUSD, H4
Price made a huge drop yesterday, and now looks like it’s holding off the 1860 support level, could we see price complete this descending triangle pattern or will we see a continued break and a new trend? Watch out for price action confirmations of both at either the support level or resistive trend line
BUY XAUUSD @ 1876
TP1: 1884
TP2: 1896
FOR SL...
It is the analysis of nzdcad on 30 minute time frame.
You can see it's a beautiful trendline break, now price needs to retest the resistance zone after that we will short on NZDCAD.
As provided in the last idea , USDCAD was in a formation of ending diagonal which has completed in today's session. Right from there we have seen an impulsive move in upward direction. This impulsive move is providing a signal that the ending diagonal & so correction of USDCAD has been completed. Expecting the pair to extend its third wave & give a closing above...
