Mphasis Positional Short Trade Setup!Mphasis Breakdown Trendline Support With Huge Candle And Weak Rising Volume Appears On Daily Chart. Short Near ~ 2090, 2100, With Stop ~ 2145, Target ~ 1950, 1930. Expected Target March Expiry.
Shortsetup
'You Rise, Only to Fall!' Elliotical Approach to BTCUSDT.Hello Traders!
"Do you see the beauty of it? The Inevitability? You rise, only to fall!"
As Ultron has pointed out, at times, markets rise, only to fall, what we traders call a 'retracement'. The bullish retracement of BTC is almost at its fag end.
1. We'll begin from the All-Time-High of about $69000. From there, we see the first 5-wave impulse down and then an ABC correction. That means, we have clear Waves 1 and 2.
2. Again, we see a 5-wave impulse in the form of Wave 3 and then again an ABC correction forming what we thought was Wave 4 (called Wave 4m from now on) .
3. There is a wonderful Rule of Alternation given in Elliot Wave theory. Wave 2 and Wave 4 will differ in at least one of the following ways if not all; PRICE, INTERNAL STRUCTURE, and/or TIME . There are a couple of other things as well but these 3 remain prominent.
4. Now, Wave 2 and Wave 4m took almost the same time and also had the same price value. Of course, the internal structures were different and that would have done it, but we didn't see the next 5-wave impulse down as the final fifth wave after 4 clear waves.
5. In such scenarios, we give the market time to unfold. Time is a very important key to market movement. We stay away until we understand what's really going on.
6. The market went further down and made a new low of around 15500 in 3 waves (marked with yellow ABC) . The move up breaking the high formed by 4m, confirmed that the correction was still going on. Wave 4m was just Wave A of actual Wave 4.
7. The 3 yellow ABC waves, were Wave B of Wave 4. They also happened to retrace exactly 123.6% of Wave A (4m) . This gave us the hint that an irregular flat correction was taking place.
8. What is an Irregular Flat Correction? The image has been attached. Please refer.
9. Wave C, ideally, should not cross 161.8% of Wave A. There can be a scenario of an extra elongation of Wave C but that is very very rare.
10. Coming to the Target Zone now. Wave 5 can be equal to Wave 1 through wave equality. That gives us a target of around 12222. We also have an important support for BTC at that price level. Once Wave 4 is finally complete, a parallel channel drawn through Waves 2, 3, and 4 should give us an approximate target of Wave 5.
11. The invalidation level for this analysis has been shown on the chart. Wave 4 should not enter the price territory of Wave 1. If it does, we'll have to re-analyze. Although, since it's a large C wave, the possibility of a diagonal exists (where Waves 1 and 4 can coincide), it doesn't seem to be in the picture yet.
12. It is expected that the market will break its current high on 25250 once before beginning the impulse down.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Bitcoin Strong Bearish Reach 18000$Bitcoin makes proper Double Top Pattern formation and Last week's price break the 20400 Nike line
So, According to the Technical, it will go 18000$ in the upcoming week's
banknifty shortAs per market structure
banknifty should go down
so short banknitfy if breish cnadel form near resitance box
!good_luck!!!!!!
Ethereum Short Position . 1 Day ChartEntry 1475-1427$
Target 1012$
Dynamic Stoploss 1671$
All the Best
btcusdt shortbtcusdt consloding in beraish flag and has break double top on 5 min timefrane
good short trade once it break channel with god volumes and candel
3
short it till the below target sl as per your iwish
xauusd short tradexauusd making lower highs
it gone retrace its 50 percent level on 1d timerframe
it is on its 200 ema on 15 min
good short short below the line on the basic of closeing
!!!!good_luck.....!!!!!!!
ethusdt short scalping tradeethusdt multipel time analysis
ethusdt ones break level it will give good target
downside
!!!!!!!! goood luck!!!
HDFC Life Insurance Company Ltd :There is Still some more to dipHDFC Life Insurance Company Ltd is an India-based life insurance company. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, and health. There seems to be a Break down Coming in Daily Time Frame. A Good Stock to keep a watch on. All the indicators are implying a downfall. The Entry Level , Targets and Stop Loss are as mentioned on the chart. For Aggressive Traders, It is already a time to take entry as the Stock is stuck in a RANGE , and 6 days are over. Hence we may see a NR7 break down immediately.
Good Luck !!!
boost my Idea if you like it.
Ocean short
Ocean in a range of 10% sell at the top and buy at the bottom simple as that 3d wave trend giving a signal of this sale
although a buy breaking through the range and above the 144 average would be much better. For that we should wait if that were the case.
Ethereum short
Ethereum doing a hangman on the 2 hour chart showing some buying exhaustion and it is also very close to a resistance.
The sell is just below the weekly VWAP with an exit in the high volume area of the book.
Note - If the asset breaks the resistance upwards, it does not take the buy order
btcusdt short tadrebtcusdt has failed to break its higher high
now it has break trendline+a recent lower low with good valoume
good short side +
!!!good_luck!......111!!!!!!!!!
DRREDDY inside an Inverted Cup & Handle ??!!!Chart patterns look good for a short trade
Reasons(all with respect to 1 hr time frame)
1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.
Let's wait & watch , how it is going to move!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
Ultra tech cement SELL for 27-28 Febin.tradingview.com
There has been some liquidation on the charts and OI has increased around 6% indicating a short build up hence initiating a SELL 7175 levels. Although this trade should be taken keeping in mind nifty is at oversold levels and can witness a sharp shortcovering spike anytime during the day.(27th Feb 2023)
Short Nelcast : Downside Evident
Good Day,
Hello Traders,
Projected Target as per Head and Shoulder Pattern, if it executes properly once is breaks the neckline of 94. Lets see, how it behaves.
A good possible downside is evident.
Time Frame : Daily.
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
BTCUST SHORT TRADE1.btcusdt has break its suuport
2.breakbearish flag pattren
3.good seeling volumes
4.target level given below
!!!!!!!!goood luck...!!!!!
GBPUSD Short IdeaPath shows that Bears can take over in GBPUSD. Scalpers can take a sell call with SL at 163.502. with trailing SL or 2x TP.
Nifty Bank: Rounding TopNormally Rounding Top in the down trend markets are ignored. As ours is the growing Market there is the high chance that it will reach the neckline and the reversal could happen. Though while forming this pattern there is a slump in the volume (Decreasing Volume). I have given a short trade after the break of support and also provided the target price for the trade, but I believe that we can see failure of this pattern and hence also provided the long call after the break of resistance.
Trendline analysis in niftyNifty continuously following this trendline and going In negative direction,
Keep an eye on this trendline and plan your trades accordingly.
Happy learning 😎
