As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational...
BANK NIFTY VIEW LOOKS LIKE PERFECT WEDGE AS PER MY CHART.SO WE CAN OBSERVE BANK NIFTY AS PER CHART IT CAN BE WEDGE BREAK OUT IN FUTURE OR IT CAN BOUNCE BACK FROM BOTTOM OF WEDGE.WE CAN OBSERVE CANDLESTICK CONFIRMATION AT THE BREAKOUT OR REVERSAL AREA THEN WE CAN FIND TREND EASILY.
WITH STOCHASTIC IT IS GIVING BOTH BULLISH AND BEARISH DIVERGENCE MARKED WITH REDLINES :) WELL I HAVE DRAWN 2 TRENDLINES IF UPPER ONE BREAKS AND CLOSES ABOVE IT IN 15 MINUTE CANDLE TARGETS ARE GIVEN FOR LONG AND IF LOWER LINE BREAKS TARGETS ARE GIVEN FOR SHORT AS WELL
NOTE: FOR EDUCATION ONLY
Hero MotoCorp has been in down trend for the last couple of years. It has been consolidating at a strong support zone forming a wedge over the last 4 months.
The wedge is now broken. It is certainly worth confirming the breakout is sustainable and then join the LONG ride!
Falling wedge breakout.
Rsi Indicator is at strong zone.
Buy at Current levels.
Target 707 first. If it crosses, 800 is a good possibility.
Keep trailing stop loss now of 660 then the future targets.
Excited to come up with new video - "Destiny or Demand Leg Repeats@10900-10925" - All explained in 10 mins video.
Let's get started.
Key Resistance Zone - 10980 -11000
Key Support Zone - 10825-10850
Second Layer Resistance Zone - 11080-11100
Second Layer Support Zone - ...
The 4-hour chart of EUR/GBP is in an ascending channel formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target.
Adani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only.