On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range. If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a...
Market took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
It would definitely be the first stock I would look at in a possible retracement in BIST100. The movement is accelerated by the upward break of the falling wedge. There is no resistance in the TRY pair because it is hovering around the ATH levels, but it seems more correct to look at the USD pair. The lines marked with green on the chart are targets. Targets...
Here I am presenting an intriguing case involving HDFC Life Insurance stock⚡ On the left-hand side 👈 we have the weekly chart where two distinct zones emerged: a support zone and a resistance zone. An attempt to breach the support zone, occurring around 500, was made; however, this endeavor ultimately lacked follow through 😐 This resulted in a sudden and...
Breakout and retracement completed Approaching strong demand zone Above EMA 40
Breakout + Retest is done. Fibonacci retracement of 50% is also done. Today moved 5% plus with good volumes. Buy options as expiry is near. Theta decay is minimum this month. 154ce looks good right now. Around 1-3rs.
The picture explains. For execution, please go to 1H chart and buy above 38% retracement with 23% SL. Refer to my previous posts on this stock. Links provided.
The FASP for Nifty is listed for 22-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
The FASP for BankNifty is listed for 22-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Good Morning Dear Trader Gold Look Long After 1900 to 1902 1st,2nd,3rd Target Set As a Fibonacci retracement enjoy upcoming day with sl
LTTS after giving a huge retracement has started its journey upwards. It has just given a breakout of Rounding Resistance. Rsi levels rising too. Buy : <4200 Target : 5200 SL: close below trendline
Nifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19485 target: 19540 - 19647 stoploss: 19440 . . For " Short" entry: 19430 target: 19410 stoploss: 19460 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep...
Gold Still under big sell pressure but as we have seen a steep decline so some retracement is possible but overall it is in bears control . More Info on Chart
Asian Paints Post decent fall from highs Now near 50%` Retracement levels Looking good for both short term swing moves. Keep an eye Buy between 3160-3130 SL below 3100 Target 3310/3400 Decent risk to rewards, worth taking
As we can see NIFTY has been falling unidirectionally since July and now it can be seen taking support at the gap created but the support has been tested previously hence any weak opening for NIFTY could be concerning as since the UPTREND shown by NIFTY had been unidirectional so could be the fall which could be panic driven while taking support at the gaps....
Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k. Elliott Wave Theory: What It Is and How to Use It What Is the Elliott Wave Theory? The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes...
The falling wedge pattern in LSE:TET appears poised for an impending breakout. I've been steadily accumulating LSE:TET within the range of 8 to 10, but please note that this is not financial advice – it's merely my personal strategy. In the short term, I have my sights set on targets of 12.5, 14.7, and 16.5. However, it's possible that there could be a...
Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook- Nifty highlights: >>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike. >>These macro incidents combined together resulted...