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Forecasting a Future of EUR/GBP with the bearish EWTEUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle . After the ABC correction, there is a hurdle at 0.8930 . Right now, the trend is moving under the hurdle . It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816 . But there is a possibility of the double bottom pattern the trend can rise, and it can break a hurdle . If the trend crosses the hurdle, it will hit 0.8960 .
by forextidings
TATAMOTOR'S trading strategy for the day tradersThis trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 . In the Elliott wave pattern, 2nd wave is 100% retraced . In the third wave, there is a contracting triangle. An Important suggestion for traders: be aware of fakeouts.
BSE:TATAMOTORS
by forextidings
5
Will NIFTY breaks 2020's high 12430?Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high! Therefore, the day traders can buy for the following levels: 12000 - 12260 - 12400+ Technically, its trend is weak. So, if it breaks the major support trendline, then you can sell. Here my targets are: 11300 - 11060 - 10552 - 9972 Please recognize tail, excess, or fakeout before entering a downtrend.
NSE:NIFTY
by forextidings
1
EUR/USD in Correction ModeHere EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 . Downtrend initiator: 1.1717 According to this chart, EUR/USD will keep moving forward for the levels of 1.1800 - 1.1826 .
by forextidings
SBI in a flat correction - Elliott Wave TheoryI have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave. There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level of 61.8% , C will be at/nearby 195 . These levels are target prices for the day traders.
NSE:SBINShort
by forextidings
8
BANK NIFTY - Potential Bearish Butterfly And Short OpportunityIn the previous week, bank nifty has lost 422.35 rupees. A runaway gap of bank nifty was 369.65 rupees on the last Monday. Overall, it seems bullish ahead. We may see at 25000 to 25500 soon. But this is an alternative scenario . According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following target levels: 23960 - 23560 - 22886 - 22420 . To trade with Harmonic Pattern: From point D , a trade can be entered with stops at or above (below) the price point at D .
NSE:BANKNIFTYShort
by forextidings
2
DROP and RISING cycle in LTCUSDLTCUSD The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level 🎉Hit the thumbs up button if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
COINBASE:LTCUSDLong
by forexorbit
NIFTY Double top formation- Falling towards support levelNIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00 which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00 level was broken then the immediate downside target would be 11405.00 which is a .50 Fibonacci level. From this level we can expect bullish re bounce. For the past 05 trading days NIFTY was in clear bullish trend. Give us a like if you found useful.
NSE:NIFTYLong
by forexorbit
2
NSE Bank Nifty Detailed Trend ForecastIn the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started. In the last trading session, it has created an opening gap, and also breakdown the strong support trendline. There's no divergence signal though the Stoch RSI for a potential price reversal, and It's indicating a bearish trend ahead in daily & weekly time frame. Bank Nifty can find strong support at the 50% retracement level only. At present, it's at 38.20% of the retracement level, and a breakout of this level means the price can start collapsing for 21160 (TP1) - 20160 (TP2) levels. Please note you should not sell above to B of the bearish cycle. Technically, this is a green sign for a new bullish trend for long-term investors. ( Here I have separated the impulsive wave & corrective wave through a grey verticle line. ) If you have any questions regarding this bank nifty analysis, ask me by the comment section of TradingView OR for instant help, use the PC option.
NSE:BANKNIFTYShort
by forextidings
3
Get Ready For A Big Move in NIFTYAccording to this chart, NSE Nifty had started raising from mid-March. Still, it's in an uptrend, and that has confirmed through my drawn support trendline and dynamic resistance . I have used here 50 MA and 200 MA to identify the next move. Those moving average crossover indicating direct a positive sign, and the price must be trading at or above the 50 MA , this shows a continuation of the trend. Don't forget to keep attention on tail, excess, and fake outs. Further, please have a look at the resistance line ( dotted ) into the chart. Now let's come to the point, at present, nifty has created an ascending triangle . Its base range is 680 points. The nifty price will start marching for 11600 - 11860 - 12000 levels soon after a breakout of a hurdle line. Safe investors may start new positions after consecutive (two or three) positive candles. Keep your eyes open when it moves to hit trend diversion ( 11096 ) level. The trend diversion breakdown may fall the nifty prices from 11096 to 10900 - 10660 .
NSE:NIFTYLong
by forextidings
2
YES BANK headed towards the 76.85 level.The bank has been in a down trend for sometime now and looks like more is yet to come. Looking at the weekly chart, the bank is sitting on a very crucial level of 116.20 (which is on the trend line ), down below the 120.50 major support. There are chances for the prices to climb for a short moment, owing to the positive divergence between the price and the RSI indicator. But ultimately, the bank is very likely to go down. The expected price for it to reach is 76.85.
NSE:YESBANKShort
by forexnoobmaster007
USDCHF sell trade @H4 chartUSDCHF As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03 It will form descending channel. We can open short positions at this level which is 0.96400 0.94300 would be a resistance level we have keep eye on this level Primary target would be 0.93100 And the final target would be 0.91900 Stop lose may placed above the 0.96900 level
Short
by forexorbit