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WTI USOil Setting for Short Trade?FX:USOILSPOT TRADE PLAN INSTRUMENT: USOil TIMEFRAME: DAILY DESCRIPTION Although fundamental drive illustrates that OPEC+ will cut oil production by 2mil barrel a day going forward, our Technical Outlook suggests that USOil Price will continue to fall untill we arrive at 70.00. The current rally appears a sentiment drive. We will look to short the market when price visit a 55EMA with some confirmation to short for completion of Daily Bat Pattern. Updates to follow. Disclaimer Charts are educational not investment recommendations
FX:USOILSPOTShort
by edgeAZFX
4
Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories: Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers. My view is neutral at the moment for the below observed technical factors. Points as per TA on a Weekly Chart: 1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously. 2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below: 3. Currently under downtrend channel on a weekly chart as per below: 4. Contracting triangle formation inside downtrend channel as per below: 5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below: 6. Trading way above 200 EMA & below 20 EMA on a weekly chart. 7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing . 8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing. 9. MACD above signal line on weekly & below on daily chart. 10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell. 11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend). Long Entry : if the price breaks above contracting triangle & breaks downtrend. Short Entry : If price breaks below the contracting triangle and support zone. Projected Target: provided in the chart as per bearish bat Crab harmonic pattern. Stop Loss: Enter only if it breaks downtrend & contracting triangle. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:DIVISLAB
by Tron029
1
PayPal (PYPL) ... 3 PossibilitiesPayPal (PYPL) managed to return 30% in the first half of November 2022 and then gave it all back. Obviously going forward there are three possibilities: a) PYPL-Breaks dotted red line and traces out a Bullish Butterfly pattern with its point D being ~ $64 b) PYPL-Holds Bat D ~ $71 and traces out the same targets of the old Bullish Bat Pattern. c) PYPL-Continues sideways While we will most probably be hostage to J Powell and the Fed bullies until next week, I would presently handicap the probability of each outcome as: A) 30% B) 55% C) 15% No position here...I'll let the price action direct me and get back. As usual this is not investment advice... do your own due diligence! S.
NASDAQ:PYPL
by Steve666
17
SushiSwap (SUSHI) forming bullish BAT for upto 30.50% moveHi dear friends, hope you are well and welcome to the new trade setup of SushiSwap ( SUSHI ) with US Dollar pair. Previously the priceline moved slightly lower than PRZ level, however, recovered soon and pumped well. Now on a daily time frame, SUSHI is about to complete a bullish BAT move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
1
EURNZD > A Fantastic Bearish Harmonic Bat Pattern.Analysis of #EURNZD Hi traders, today we will have a look at #EURNZD The EURNZD is similar to my previous analysis on the USDCHF we have another beautiful bearish harmonic bat pattern that may or may not come, but we can set an alert that reminds us if it is ready for entry. Entry rules would be either a limit order at D leg completion or pausing for conventional entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
31
USDCHF > A Bearish Harmonic Bat Pattern!!Analysis of #USDCHF Hi traders, today we will have a look at #USDCHF The USDCHF might be forming a bearish harmonic bat pattern that might complete soo to provide us with a reason to get into sell entry soon Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
26
GBPNZD > Bearish Bat Pattern, Good for A Sell..Analysis of #GBPNZD Hi traders, today we will have a look at #GBPNZD The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns. looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see. Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
30