MarketsMechanic

MarketsMechanic

Hello Traders! 1. Possible rising wedge in formation. 2. Sell below the Red Line. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.

MarketsMechanic Updated 

Hello Traders! 1. The idea was originally published on 19th Feb and will be attached. 2. We see a break of the 25250 high as we had expected in the previously published idea. 3. BTCUSD tested 161.8% level and fell over 2000 points in a couple of hours. Not a mere resistance, it's much more than that. 4. Some consolidation is expected before we place...

MarketsMechanic

Hello Traders! 1. We have a possible triangle formation in USDCHF. 2. Targets and stops have been marked on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.

MarketsMechanic Updated 

Hello Traders! 1. This analysis is mixed with various concepts; Elliot Waves, Volume, and Parabolic Movements. Hence the name 'Southall'. 2. The count is clearly stated on the chart. We're following almost the same pattern as we expect in BTC . 3. We see significant volume spikes in the selling zones and less volume in the buying zones. This also...

MarketsMechanic Updated 

Hello Traders! "Do you see the beauty of it? The Inevitability? You rise, only to fall!" As Ultron has pointed out, at times, markets rise, only to fall, what we traders call a 'retracement'. The bullish retracement of BTC is almost at its fag end. 1. We'll begin from the All-Time-High of about $69000. From there, we see the first 5-wave impulse down and...

MarketsMechanic Updated 

Hello Traders! 1. The previous count wasn't respected by the market. So we had to check for a new count . After re-analysing the Nifty 50 market, we realised that it is the Wave C of the correction that is in progress . 2. We have a major support of 15300 . That's where we expect the market to be soon. An overall fast, impulsive movement. 3. The only ...

MarketsMechanic Updated 

Hello Traders! 1. We see a 5 -wave impulse down which had been expected a long time coming. 2. Now there is an expected correction upwards from the market. 3. We have clear strong support and resistance . 4. Breaking of the Trend line should confirm our entry. The break of waves 2-4 trendline mostly marks the confirmation of the beginning of the...

MarketsMechanic Updated 

Hello Traders! 1. This analysis is based on the previously published longer-term analysis. 2. The count has been stated along with certain warnings and guidelines. Do use proper risk management. Happy Trading. Profits, Market's Mechanic.

MarketsMechanic Updated 

Hello Traders! 1. We see GBPUSD taking curved support with all the bullish scenarios. The market has been in consolidation for a long time. 2. Most expected targets have been marked on the chart. 3. The suggestion is to keep stops tight but definitely not too tight. Do take some buffer. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.

MarketsMechanic Updated 

Hello Traders! 1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts. 2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached. 3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That...

MarketsMechanic Updated 

Hello Traders! 1. We see 3 consistent higher highs formed with no retracement broken . 2. Sell Below The Red Line . 3. Stop may be updated if the market breaks high before our entry is done. 4. I'll be posting a full tutorial on the 3 Highs setup during the coming weekend. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.

MarketsMechanic Updated 

Hello Traders! 1. We see 3 consecutive highs after proper consolidations . I have some self-made rules for this setup which have worked with almost 90 percent accuracy. 2. We also have a 2-bar reversal pattern in 1 hour tf. 3. Sell below the red line . The stop may be updated if the market makes a new high before our entry. 4. We also have 2 potential...

MarketsMechanic Updated 

Hello traders! 1. We see 5 distinct waves each with their own seperate qualities as clearly mentioned on the chart. 2. We see and ending diagonal in wave v , which was followed by a swift and sharp wave (A). 3. Wave (A) retraced 61.8% which also happens to be a major resistance of the XAUUSD market on the daily tf. 4. Wave (A) also divides in 5 waves...

MarketsMechanic

Hello Traders! 1. Today, we will discuss the basic market movement structure, elliotically . A recent comment on one of my ideas published pointed (indirectly) towards the need for a basic understanding of Elliot Waves for the general trading public. 2. The market moves in consistent impulsive and corrective structures . Waves 1, 2, 3, 4, and 5 together form...

MarketsMechanic Updated 

Hello Traders! 1. We have a symmetrical consolidation pattern in USDJPY on multiple tfs. 2. The consolidation appears to be more bullish than bearish. 3. PNL has been set for entry and stop levels. Stop levels may change in case stop level gets hit before the entry is done. 4. Always take a slight buffer when going towards buy side since there is pip...

MarketsMechanic

Hello Traders! 1. We see a completed 3rd wave of impulse that started after Lockdown - March 2020. 2. We see a clear zigzag correction for Wave a, marked with red ABC. 3. We see a 3-wave Wave b . The count of wave C of this wave is being shared here for clarity. 4.The most expected target for BankNifty should be around 30500 . This is because we...

MarketsMechanic Updated 

Hello Traders! 1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf . 2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern. 3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever...

MarketsMechanic Updated 

Hello Traders! 1. We see an Expanding Leading Diagonal for Wave 1. 2. As per the guidelines, the most common level for retracement of a leading diagonal is 78.6% . That is exactly what happened here. We also have a support on the same level. 3. We have a clear invalidation level at the start of Wave 1 . 4. The most expected target for Wave 3 would be ...