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MGC1! trade ideas

Market Trends Market Trends If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept. Please remember this is an educational post to help all of our members to understand concepts used in trading or investing. Introduction Type of Market Trend/Cycle 1) Uptrend/Advance Market (Bullish) 2) Downtrend/Declining Market (Bearish) 3) Accumulation at Top ( Range Market) 4) Distribution at Bottom (Range Market) Few Examples Below 1) Uptrend/Advance Market (Bullish) Usually in the Uptrend market, the price will not break the previous support level (Higher Low), It can retest but it will not break the previous support level. If support breaks then the trend will continues toward downside During this trend phase investor/trader become more and more bullish . 2) Downtrend/Declining Market (Bearish) Usually in the down trend market, the price will not break the previous resistance level (Lower High), It can retest but it will not break the previous resistance level. If resistance breaks then the trend will continues toward upside During this trend phase investor/trader become more and more bearish . 3) Accumulation at Top ( Range Market) It is First stage of market cycle.During this phase investor/smart investor will start accumulate the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end buyers will take over the seller. Breakout Characteristics - High Volume (Demand) and Bullish Candle 4) Distribution at Bottom (Range Market) It is Third stage of market cycle.During this phase investor/smart investor will start distribute the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end sellers will take over the buyers. Breakout Characteristics - High Volume (Supply) and Bearish Candle Thanks for reading!
MCX:GOLD1!Education
by TheNewsCrypto
10
MCX Gold Elliott Wave Projection For July 2022Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)). Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs. If the price breaks down the parallel channel, traders can initiate a short position for the following targets: 50153 – 49600 – 48560 . It should be noted that the breakdown of the parallel channel is also the breakdown of the 100 EMA. 49600 is a pivot zone for gold. If the price sustains below 49600 , traders can expect rapid bearish momentum.
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MCX:GOLD1!
by forextidings
10