Currently testing weekly demand order-block & oversold on RSI. Please note this is a contrarian trade, not unlike most of the posts in my profile. Please manage your risks well.
Place your stops at 489-493.
SENSEX looks primed for a bounce at green demand orderblock.
Price about to enter demand zone which has already been tested twice and bounced.
Ichimoku edge to edge target is about to be fulfilled.
Bullish divergence on weekly with several momentum oscillators, will post RSI divergence down in the updates.
Oscillators are about to be bottomed out.
Here's my bullish wave count on TRON/BTC.
I expect a small pullback at the double top range (1050-1100 satoshis) going into a successful retest.
I personally already have a position in TRON.
However, I'd suggest an entry at the retest of double top range as there's not much price difference from now and then.
Target 1: 1200 satoshis
A truncated 5th...
Time to look for closing longs/taking profits on Bajaj Finance.
What seems to be a very clear bearish divergence can lead to ending higher degree wave 5 (green)
What comes after this high degree wave end cannot be pretty.
Take closing your positions into considerations.
The following targets are calculated by taking algorithms and Elliot...
Primary Elliot count for RAIN Industries, with algorithmic targets for market makers to close their shorts .
Support Range 1: 188-210
Very common for a wave on high degree to retrace at 61.8-65% fibonacci levels.
Previous resistance factored into the zone.
Prime targets for algorithms and market makers who bought in previous local high to close their short...