Wolfe Wave
Banknifty - Cypher PRZ at Wolfewave Target
Banknifty had wolfewave and now price near to its target , interesting thing is wolfewave target and cypher prz are at same level. Current supply is tested thrice (including current attempt to break) Looks like it will trap bulls by giving breakout ... Upside a significant supply with left shoulder is waiting to pull price down. Previous quasimodo failed to break low hence we can say strong low has formed. and also two flag limits below (one with FTR) shows strong demand and which is hard to break .
*Cypher might turn into shark so next potential reversal zone will be at 886
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.
USDINR Move prediction for next 1 yearFX_IDC:USDINR Strong bearish WWs on USD INRs. Expecting the USDINR to top-out around 81. Incase that beats, then the next supply zone is near and strong at 83 levels. I expect a dual effect to creep in, i.e., weakness in USDs and INR strength. I am expecting the top to be made for next couple of decades, until 83 holds strong.
wolf wave pattern in FSL1.) Possible (long) wolf wave pattern in FSL.
2.) Stock is in down trend since July 2021 and continuously making lower high and lower low.
3.) However, the recent price action is depictive of a possible wolf wave formation in FSL.
4.) Since the overall market sentiment is negative currently, long trade should be taken cautiously depending upon the conditions.
5.) major support and resistance levels are highlighted in the chart.