Reason for Trade is Elliot third wave and Trendline breakout Strategy Entry price ,stoploss, Target already marked in the chart itself FYI. Guys pls like, follow and share with your friends Thank You and I wish everybody should win.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
Flag and polls pattern in one hour timeframe in #XAGUSD
NSEIX:NIFTY1! NIFTY FUTURE has bounced back very aggressively straight to the previous high, will it sustain or panick selling due to profit booking will drag it down again?
NSEIX:NIFTY1! as mentioned in the last ide shared, nifty future started creating fresh lower highs and lower lows and finally gave the target mentioned in the last post, now we need to see if nifty future breaks above previous resistance or breaks current support to create new lower low.
Watch for a breakout out of the wedge. Can give a 10% move in Silver
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (28-02-2024) Current price- 2033 "if Price stay below 2045, then next target is 2020 and 2010 and below that 2050. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Time Frame: 1 Hour Anticipating a significant breakout of 7% above 1.852. 📈 European natural gas futures rise to around $24.5 per MWh, showing a potential rebound from May 2021 lows. Mild temperatures until mid-March reduce gas withdrawal rates, maintaining high reserves at 63.8% capacity in Europe. Lower gas prices may increase demand from Asia, especially...
Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest...
Reason Behind Bullish 1. Formation Of W Pattern in 4H 2. Break Resistance @ 2036 Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2035.50 SL 2030.00 TP 2048.20
lookout for intraday or level trading for support and resistance for GOLD trade wisely Watch on Levels high imapact news tonight
The price of spot Gold (XAUUSD) defends the previous day’s rebound from a weekly low despite lacking momentum around $2,035 early Thursday. In doing so, the yellow metal portrays the market’s anxiety ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the US Core Personal Consumption Expenditure (PCE) Price Index. It should be noted that the...
#banknifty future 15min #chart #Elliottwaves possible count.. banknifty future in corrective phase in form of abc move .. corrective #patterns are time consuming.. currently near the support & fib 1.618 near 45800-690
Hey everyone, let's delve into the current gold prices! During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed). At the moment, gold finds...
WTI recently took support at the 20dma near 74.80 and is now heading higher in wave iii, which can take it to 88$. The rally may not end there as we should develop a five-wave advance. Oil is the outlier in commodities and often manages late-stage rallies before deflationary trends kick in. Stay prepared for an oil price spike in the coming weeks which can impact...
Hello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend. Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%. From the analysis chart:...
Big green candle influenced me to enter in the trade. But, just after my entry not a single candle crossed my entry level. 4-5 candles of consolidation and then price breaks in downward direction. Again after a fall, price seems to reverse. It made a green big candle, then price starts to accumulate for 4 candles, after that gives a breakout. Again it looks like...
Mistakes: 1. I entered at the breakout candle of the triangle pattern top line. Solution - should entered, after price crosses the high of breakout candle.(which never happened) 2. I should have exited the stock earlier. Solution - I entered in a breakout candle but, as soon as the price goes below that candle, i am supposed to exit the trade. 3. Wrong...