Wave Analysis
WaveTalks-Nifty-The Evening Star / Wedge CollaborationThis short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 / 16400 levels
When you splash around the water, you get to hear a peculiar sound which you heard over the video at the start.
I have compared that sound of up & down in Nifty Index to water pool splash. This scenario in technical analysis is called a wedge pattern
What Is a Wedge?
A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series throughout chosen periods. The lines show that the highs and the lows are either rising or falling giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action.
Elliott Wave Analysis
These wedges are further classified as Type 1 / Type 2 diagonal (wedge). Depending on the position of the structure unfolding. They are called
(Type 1)Leading Diagonal – Start the price move
(Type 2)Ending Diagonal - End the price move
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Last Video Idea - Nifty Bearish Bat Harmonic Pattern
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IRCTC INTRADAY SETUP 1 HOUR CHART Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure
WaveTalks-Nifty-Bearish Bat Harmonic Pattern at 16665This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390.
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Last Nifty Video Idea
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Hope you enjoy the video. Good Night!!!
gbpaud sell setup foundHey guys for GBP AUD market forecast, as we can see the market was in control with the buyers from the previous one to two days now the market has started to come into the favour of sellers as we can see the live price action candles as a shooting stars and we can also see the lots of weeks which are showing the market that the market is now into the control of sellers so here we can think for GPU AUD for good cell setups so in my view GP AUD live forex signals this is the best time to sell GBPAUD with 1:1 and 1:2 risk and reward ratio
euraud sell setup foundeuraud sell setup found
euraud showing strong sell setup by candlesticks analysis
euraud has falling the channel for long time, now it is showing that it has broken the trendline , here is the potential for sell the market from both of side, from major and minor wave , from both side market has broken trendline now we can expect a good sell for euraud after retracement