S&P500, price action repeats itself. HTF Bearish
LTF Bearish
Strong reversals at top of HTF upper boundary of falling expanding structure. Price to retest June's low.
Bear market not over.
Trade Safe
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Expandingchannel
GBPUSD : A FAVOURABLE LONG ENTRYExpanding corrective structure formed after a bullish impulse at the third touch of the descending channel. A long entry will be favourable if price rejects again at the bottom of the expanding structure.
USDCAD : POTENTIAL SHORT SETUPExpanding channel going for a possible double top. If ever price creates a rejection at the double top and provides a clear bearish impulse corrective structure, everything will be set to go short.
Indiaglyco - Retested and breakout confirmed Chart is self explanatory.
Don't invest and trade blindly.
Expanding wedge pattern in 1 hour time frameWe can go long when it touches and form a bullish price action on lower wedge
GBPUSD Bearish momentumHTF - Market touched the top of the daily expanding channel and it has been moving bearishly ever since.
LTF - Market is forming an expanding channel and since the market has been moving impulsively downwards, than I would expect if the market breaks the correction that is forming now to the downside, further bearish momentum would be seen.
INDIA CEMENTS 2:7 RRR TRADE 🎯350NSE:INDIACEM Broke out of a major expanding channel pattern.
Breakout candle is very bullish and volumes are heavy on the buy side.
Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe.
Momentum is expected to continue after the break of this pattern.
One can enter at C.M.P with entire position for 2:7 Risk reward play.
Targets: 300/350+
sl: below 210
Position size accordingly. HAPPY TRADING!
GENUS POWER 🎯100. 1:5 RR PLAY 🔥📈NSE:GENUSPOWER is moving in 2 patterns: A parallel channel and an expanding channel pattern, with the latter being the bigger pattern.
Price did breakout out from the channel 2 times but witnessed big selling pressure, leading to formation of the expanding channel pattern.
C.M.P is running near the trendline support and the resistance of the parallel channel.
Risky traders can enter now at 70-71 levels, placing stop loss below the trendline and go for a 5:1 RR play. (Add more quantity if price takes one more support from trendline.)
Safe traders wait for price to breakout of the parallel channel pattern and enter, adding more quantity after retrace.
Targets: 80/95/100+
Sl: below 63
BEWARE OUR ANALYSIS CAN ALWAYS GO WRONG. A BREAKDOWN CAN ALSO HAPPEN, HENCE THE STOPLOSS.
TIP: Follow stoploss on closing basis instead of open market hours.
Position size accordingly. HAPPY TRADING!
AUDUSD Bullish momentumHTF - Market to continue its momentum to the downside, however, it seems that a change of hands happened in the markets when the continuation correction pattern was broke aggressively to the upside, which now changes the bias of the bears.
LTF - Price broke strongly to the upside and currently is forming an expanding channel, which for me is indicating further momentum to the upside.
ALBERT DAVID 1:3 RR TRADE 🔥NSE:ALBERTDAVD price action structure is drawn on the chart above.
After breaking out 2 times prior to the current breakout, price went into consolidation mode without giving big momentum.
This is the 3rd time price is breaking out of the structure. A trade can be taken in view of price releasing big momentum in the coming weeks.
Targets: 750/800/900+
Sl- below 625, trail accordingly.
It is important to note that price can again go into consolidation mode as anything can happen in stock market. Our analysis are just as good as 2ng guessing. Hence, follow risk management. HAPPY TRADING!
EURAUD : POTENTIAL SHORT ENTRYForecasting a double top within the possible expanding structure while aiming for the previous major low price level.
GBPJPY : LONG SETUPExpanding channel within a bullish trend.
Waiting for price to hit the lower level of the pattern before going long.
IOC - Expanding channel, Cup and Handle breakoutObservations :
1. Expanding channel contains 2 patterns, Head and Shoulder, Cup and Handle.
2. Breakout with increase in Volume
3. Strong momentum
4. Fundamentally strong deal
Targets:
T1 : 112
T2 : 125
Stoploss: 97
Indraprasta Gas 425 TargetObservations :
1. Expanding channel pattern
2. Current price at support of 379 to 381 level
3. More than 50% retrenchment
4. RSI Divergence
Entry 393
Stop loss 378
Exit 425
Risk Reward Ratio: 2.28
NIFTY50 - Expanding channel patternlet me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
USDCAD TREND CONTINUATION SELL +1.50%Price impulsed down from an area of value on the daily timeframe . Price formed an ascending within an expanding pattern on the 1 HR . Entry order set after 15 min confirmation. Price fell correctively in a descending nature. Locked in +1.50% allowing price room to possibly correct sideways then impulse down.
EURGBP update (harmonic bullish crab)Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits.
This gives room for a bullish scenario, and im speculating that the bulls are going to go for another rally up.
Late in October I was speculating in a bullish harmonic crab pattern. Some people have their own idea of harmonic patterns. The software I use comes from Scott Carney himself at harmonictrader.com. Its the guy who discovered the patterns and has since then trademarked them. Almost 20 years have passed since he did so.
heres the chart:
Im expecting prices to break both channels and from here I am looking to see a shift in the trend direction. In order for that to be happen we need to see a break above the resistance at 62% abc projection.
I've also noticed the divergences, which is telling us prices are dropping on rising momentum. This typically indicates the the buyers are stepping into the market, buying at discount prices.
The abc projections shows key support at 1.27-1.38 extensions is holding and prices had a nice reaction to those areas.
This tells me that the support is more likely to hold and drive prices up to where we initially want them to be.
This is a trade I did on Monday. Usually a pullback is followed by these set-ups, but if not, its a strong sign that prices are going to continue rallying up. In this particular trade we did not see a significant pullback, which is telling me the probability of prices rising are greater.
Thank you for reading the analysis
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God bless and happy trading
