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Wave Analysis

BTCUSDT Analysis: Bullish Momentum and Key Support ZonesBTCUSDT is currently trading around 75,740 USDT after a recent bullish push, suggesting strong upward momentum. The chart shows clear support zones (highlighted in purple) that Bitcoin could revisit in case of a pullback, specifically around 74,000 USDT and 72,500 USDT. If BTC holds above these support levels, it could gain further traction to reach new highs, with targets in the 78,000 USDT - 80,000 USDT range. The current trend suggests that if Bitcoin retraces and tests the support, it could present a buying opportunity for traders looking to join the next potential leg up. Keep an eye on these critical levels, as a break below the 72,500 USDT support might indicate a shift in trend. However, for now, the bullish scenario remains intact, with promising upside potential if buyers continue to dominate.
by Sanhara
1
HOW TO TAKE TRADE AFTER PRICE BREAKS MAJOR LEVELAdvanced PRICE ACTION Trading Key Trade Concepts: Buyer Trap Identification: Before entering, always check for a buyer trap or liquidity hunt, where impulsive buyers are lured into the market at a vulnerable level. In this setup, I’ve highlighted how a buyer trap has been triggered, providing a strong signal for potential reversals. Order Block Strategy for Long Entries: Wait for Price to Enter the Order Block: Before any long position, let price retrace to the designated order block. Confirm with High Break and Rejection Candle: Once in the order block, wait for recent highs to break, followed by a rejection candle to confirm the entry. A candle close above this level on the 15-minute time frame is essential, adding strength to the confirmation. Time Frames: Utilize the 5-minute chart for initial moves but rely on a 15-minute candle close for entry confirmation. Take-Profit (TP): Target buy-side liquidity and other strategic levels beyond that, maximizing the potential of each setup. For more professional insights like this, don’t forget to like, follow, and comment. This is the kind of premium content many charge for, but I’m sharing it for free to help others succeed!
OANDA:XAUUSDEducation
by munmeeth
#Banknifty directions and levels for November 8th.Bullish View: > The bullish view indicates that if the initial market takes a pullback, then structurally it could be rejected around the immediate resistance level. If this happens, we can expect the correctional targets to be today’s opening price and the next to the yesterday low. > However, if the pullback has a solid structure, it could reach the second resistance level (which is the 78% level of the minor swing) because an ideal target in a range market is 78%, which is why I mentioned that level. Bearish View: > The bearish view suggests that there is a single sub-wave bending, so if the market breaks the previous day's low, then the immediate support may act as a strong support level. If this happens, we can expect a minimum bounce back of 23% to 38%. > Alternatively, if it breaks that level solidly, then the correctional trend will likely continue.
NSE:BANKNIFTY
by Manickamtraders
#nifty directions and levels for November 8th.Good morning, friends! 🌞 Here are the market directions and levels for November 8th. Market Overview: The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market is showing a moderately bearish sentiment. Today, the market may open with a neutral start, as the Gifty Nifty is indicating a positive 10 points. In the previous session, both Nifty and Bank Nifty fell solidly, but structurally, they closed in between the swings. Whenever the market breaks the 38% Fibonacci level, we can consider that it's a ranging market. It could also be a range market. Due to global issues and FII selling, there is no clear pathway for a single direction. So, until a clear direction forms, the market could remain range-bound with a bearish bias. Today, we are going to see four variations. Let’s look at the charts. Bullish View: > The bullish view indicates that if the initial market takes a pullback, then structurally it could be rejected around the immediate resistance level. If this happens, we can expect the correctional targets to be today’s opening price and the next to the yesterday low. > However, if the pullback has a solid structure, it could reach the second resistance level (which is the 78% level of the minor swing) because an ideal target in a range market is 78%, which is why I mentioned that level. Bearish View: > The bearish view suggests that there is a single sub-wave bending, so if the market breaks the previous day's low, then the immediate support may act as a strong support level. If this happens, we can expect a minimum bounce back of 23% to 38%. > Alternatively, if it breaks that level solidly, then the correctional trend will likely continue.
NSE:NIFTY
by Manickamtraders
NIFTY50: INSTITUTIONAL LEVELS FOR 08/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries: Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations: Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus: Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Color Coded Lines: Blue Line: Signals potential long entry. Red Line: Indicates potential short entry. Tip: Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades: Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades: Use the blue line above as the stop loss. Take Profit: Long Entries: Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries: Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 08/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries: Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations: Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus: Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Color Coded Lines: Blue Line: Signals potential long entry. Red Line: Indicates potential short entry. Tip: Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades: Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades: Use the blue line above as the stop loss. Take Profit: Long Entries: Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries: Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
Strong buy : Double screen setupHere’s my analysis : RSI and Stochastic indicators are signaling a strong buy, with a clear Inverted Head & Shoulder breakout. The chart highlights the target areas. Please remember, this is shared solely for educational purposes in technical analysis. Thanks for checking it out, and follow me for more insights! This is not a trade signal or call. I’m sharing my technical analysis purely for educational purposes, aiming to improve my own skills and to provide insights into technical analysis for anyone interested. Use this information responsibly and make trading decisions at your own discretion Day Timeframe : MACD - RSI - Stoch = Strong buy Daily - RSI & Stoch = Strong Buy Candle - Bullish Candle Volume - Above Average EMA - Positive Crossover Chart Pattren - Inverted head & shoulder FIB Retricement - N/a Divergence - N/A
NSE:NYKAALong
by Sudhakar_Acharya
Navinfluorine Looks Good!NSE:NAVINFLUOR The price appears to have found a bottom, signaling a potential reversal as it breaks upward following a phase of consolidation or indecision. The Diamond Bottom pattern typically forms during a downtrend, where prices initially create higher highs and lower lows, forming a broadening structure. Over time, the trading range narrows as the highs peak and the lows begin trending upward. A decisive upward breakout from the diamond's boundary confirms the reversal, marking the transition to a new uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAVINFLUOR
by hardeepssethi
Strong Buy NCC LTD - Double Screen ConfirmationHere’s my analysis on NCC LTD : RSI and Stochastic indicators are signaling a strong buy, with a clear Inverted Head & Shoulder breakout. The chart highlights the target areas. Please remember, this is shared solely for educational purposes in technical analysis. Thanks for checking it out, and follow me for more insights! This is not a trade signal or call. I’m sharing my technical analysis purely for educational purposes, aiming to improve my own skills and to provide insights into technical analysis for anyone interested. Use this information responsibly and make trading decisions at your own discretion Day Timeframe : MACD - RSI - Stoch = Strong buy Daily - RSI & Stoch = Strong Buy Candle - Bullish Candle Volume - Above Average EMA - Positive Crossover Chart Pattern - Inverted head & shoulder FIB Retracement - N/a Divergence - N/A
NSE:NCCLong
by Sudhakar_Acharya