After breaking up the triangle pattern expect it to give a really good impulse on the upside
Crude oil is set for another correction proving the theory {( ABCDE ) Triangle pattern} as mentioned. Let's see how it reacts.
As seen in the chart with the help of Elliott and Fibonacci the expected impulse could take BTC to the highly anticipated level of $100000. lets see how it performs in the coming months.
As we have seen previously , The market is still within the range and is due for an impulse. The question is in which direction could we see the impulse getting triggered. from my analysis of Elliott wave it seems like an upward impulse being due.
Since Copper is in a consolidation , A Break out or breakdown from the support / resistance trendlines could trigger an impulse move on those sides respectively. With resistance around - 712 - 714 With Support around - 702 - 700
Its been a while since I have used Elliott to signify an upcoming trend., Although my significance is on that continuing triangle breakout. Let's see how it performs.
Dmart is up for an interesting move for the coming months , Add it to your watchlist and see how it reacts.
Since crude is the center of attention of the ongoing crisis and also as we see that an order has been traded at that price range, Crude oil might retest the same level within this week session.
Since the market has been consolidating for a while now, There is a higher chance of an impulse move by the 2nd half of the session.
Make use of the impulse that is about to come after this consolidation in Silver. Kindly follow proper risk management measures while taking these trades.
The bullion index is due for an impulse move . All we got to do is to wait and see to which direction it gives an impulse and take the trades accordingly.
Natural gas has been in a consolidation for a long time in its year long support zone and is awaiting a good impulse move on either sides. Kindly add this to watchlist and see how the pattern turns out.
Copper seems to be in a reactive zone now . Put this in watchlist and see how it reacts. Breakout / breakdown from either of those sides could attract a huge momentum in that respective direction.
Patterns like these are really hard to find . But what's even harder is capitalizing on them.
Natgas has recorded a flash trade high around 234 in the yesterday's session . Let's see if it repunches it
Over the past few sessions we could see the kind of impact the consolidation patterns have on silver , gold and even in Natural gas to some extent . Now the same appears in the pattern again . Make sure to observe their behavior once there's a breakout / breakdown .
This sideways move in silver as of now indicates exhaustion on the bullish side although the economic data still supports the bullion . Thus one shall make use of the S&R to either trade within the range or shall make use of the breakouts from here
Its a good consolidation triangle pattern in silver which is ideal for an intraday trade . Observe/ make use of the breakout / breakdown in that setup and aim for at least 2:1 risk to reward ratio