Be careful with this pattern, sometimes it gives fake breakout and fall, if we get a breakout and confirmation candle we can look for the long position.
Please be careful with this pattern most of the time it gives false breakouts and sudden fall, sometimes it takes a retest and creates a bullish setup, if we see a rejection from the resistance level we can look for shorting opportunities, if we see a successful breakout retest and bullish confirmation candles then we can go for the long position. (only enter if...
Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k. Elliott Wave Theory: What It Is and How to Use It What Is the Elliott Wave Theory? The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes...
another bullish view for Bank nifty, currently at support and we can see that it's trying to take support, expecting 47000 before oct.
Small stop loss, xauusd reversed at 5min resistance level so am expecting one more down movement
Short opportunity, price reversed exactly at Fibonacci 50%, looks like we might get one more fall, the target is green line, stop loss as per ur risk management.
Just my view EURUSD, long if it's taking support, short if the price breaks the support
Try long entries when we hit the support (green zone) and wait for confirmation before entering. Analyse the chart, Look at the Fibonacci levels price reversed at 61.8% exactly. We can see the next support was also at the same level.
If the green zone breaks the price, then more down movements possible, if it's taking support again in this area the next target is red supply zone
Might happen because we are continuously creating new lower lows
Chance for a false breakout, Short after breaking the resistance only when we get confirmation of reversal
Consolidating in the yellow zone for six days expecting a breakout or breakdown. I'll update the idea when it is active.
Short when the support is broken, CHoCH happened and Continuing to creating new lower lows ,