📊 Pattern: Flag Channel
📌 Symbol/Asset: Galaxy Surfactants
🔍 Description: If touches support it can bounce back and can give a big breakout.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with...
Take a view of a year or two, and initiate a buy trade here. SL and Target are shown on the chart.
Disclaimer:- This is for idea purpose only. I am not a SEBI Reg. analyst. Do your own research before investing or trading.
ARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs.
In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong...
A couple of weeks ago I made an analysis on BTC and the presumed Elliot Waves pattern it was trading in. I wrote that it was possible that ~31k was the 3rd wave top because it aligned well with an overbought RSI.
Looking back, the previous analysis caught the top quite well.
Like mentioned it all my previous Elliot Waves analyses, I see it likely that we're...
✅USD_JPY has formed a bullish
Pennant while trading in an
Uptrend so when we see
A bullish breakout from the
Pennant we can go buy
LONG🚀
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Finally, the minor downtrend IDX:ARTO has been broken.
By using Fibonacci Retracements, I set the target price cluster ranged from 3080 to 3470, then I picked 3280 as a base level to calculate its upside. It can give us 28% upside from current price 2540, that's premium!!
Let's think positive, and buy & hold!
We are currently at the point of interest and i am seeking sells but I am waiting for a sell signal from the algo. Overall the market seems bullish but I can see price retracing from this level before going higher. We are trying to catch the retracement. If price does not retrace from the current level in order to take buys I would need to see a break and retest...
Analysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the...
BUY ABOVE - 18550
SL - 18500
TARGETS - 18580,18610,18640
SELL BELOW - 18500
SL - 18540
TARGETS - 18460,18420,18380
Trade Safe & Happy Trading Guys
This is only for educational purpose so TAKE YOUR OWN RISK REWARD
GBPCHF currently trading converging triangle and making support around 1.11500 region with in triangle . Will it break through triangle for bullish trend ?
on last analysis of Solana I mentioned that the wedge is controlling the price ant it is risky to get short on Solana. and as we can see the wedge still is valid and we recommend to don't go for short trading and for long it needs break conformation.
COMEX:HG1! One word - CLEAN!
What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks.
Pattern - Triangle/Pennant
Highs: 4.2100
Lows: 3.8255
A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower!
Currently, as long as we...
Fundamentals
The fundamentals are obviously strong after the last year and a half
The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc.
Valuation is still low , just like the wider energy market, due to ESG reasons and just a general...
In my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it.
As a result, FTM has fallen through the support and is currently looking bearish in the near-term.
Before any chance on a reversal, I think we have...
