70% retracement entry tp levels .382/ .25 stop loss 100% retracement
Gold trades defensive despite the US dollar gauge’s (DXY) slump to the fresh low since April 2018. The yellow metal’s repeated failures to cross $1,900, not to forget 61.8% Fibonacci retracement of November’s downfall, drag it to an upward sloping trend line from November 30, currently around $1,875. With the sluggish MACD and neutral RSI joining the lower high...
Midterm forecast: While the price is above the support 0.02275, resumption of uptrend is expected. We make sure when the resistance at 0.02965 breaks. If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the...
The "Bat pattern" incorporates the 0.886XA retracement, as the defining element in the Potential Reversal. The B point retracement a 0.50 of the XA leg. The Bat utilizes a minimum 1.618BC projection which is already done. In addition, Ba t pattern i s extended a 1.618 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss...
Midterm forecast: While the price is above the support 0.00600, beginning of uptrend is expected. We make sure when the resistance at 0.00815 breaks. If the support at 0.00600 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the...
Midterm forecast: While the price is above the support 0.02450, resumption of uptrend is expected. We make sure when the resistance at 0.03330 breaks. If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
The pair in a sym triangle pattern from long. and now has reached the horizontal and trendline resistance zone. making a head and shoulder pattern at top. expecting a retracement to nearest support/resistance zone also a retracement to .5 - .618 fibo levels. please sell on the close of this 4 hour candle
nifty 13800 round level resistance and also broke the bullish trend line. This could be a retracement and could also fill the previous gap better to watch in a smaller time frame 5 min. if macd indicator gives sell signal in 9.30 to 10 .30 am then only short nifty 13800 or 13750 CE Nifty broke trend line but this doesn't mean it you could short it immediately...
COALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.
In my previous idea, I already suggested that we could see some reversal around 161/57 for 185 at least. It gave a breakout from the pitchfork as well. Will attach the link below. Now, as per elliot waves, if the counts are valid, then the scrip soon touch the marked levels on the chart. If you're a trader, then a right entry and SL is too important. So look for a...
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%.
Just Dial has support @ weekly time frame at 580 and Resistance at 772. Also It has support @ daily time frame in 325, 442 and Resistance at 660. As per Fib retracement level, already the script has broken levels 0.236 - 385, 0.382 - 469, 0.618 - 605 and 0.786 - 701. Now the script was retraced to 0.618 - 604. If the script break the retracement level of 0.618...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (51.40). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Needs to be above 0.5 retracement 842 Target 950 (0.618 retracement)/ Please review this as I am new to Technical analysis.
CNX Financial Spot CMP 14200 Bearish Bat Pattern Formation PRZ range 13950-14150 SLZ zone 14750 Down side 12500-12000-11500 possible. Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms. RSI Divergence :- Price making higher high, RSI making lower high,, Bearish...
Nifty PVT Bank spot CMP 16220. Bearish BAT pattern formation. PRZ in range 16600 to 16950 SLZ zone above 18050 Down side 14500 - 13500 - 12500 possible. 0.886 XA retracement completion around 16950 Equivalent AB =CD pattern completion around 16600 2% BC extension around 16640 levels.. RSI divergence :- Price making higher high, RSI making lower high, Bearish...
this hardly works... if crosses T0 look for targets T1 and T2. these public sector banks have much more catch up rally left. if it has declined it is retracement not reversal...it is in impulse wave don't misunderstand between retracement and reversal. don't forget to like my post follow me to get updates.
BANKNIFTY:-We can see here how Bollinger band,Gaps,DMI,RSI & Fibbonaci retracement work as a conformation if it mix with chart patterns. See late April how Doji made by gap up its upper weak is out of Bollingerband,DMI also taking a crossover there next day it was a negative crossover.See at mid May first green arrow it was a Bullish...