In NSE:BANKNIFTY there is failure of descending triangle pattern. When a descending triangle fails, it often leads to a sudden reversal or consolidation rather than a continuation of the prior downtrend. This reversal could result in a period of sideways movement or even a bullish breakout if buying pressure persists. A sustained rally above the upper trendline...
As the charts show, - Weekly head and shoulder pattern failure. - A major downtrend got reversed from a gap which happened on Monday(a very important thing to look out). - 45% up after taking the support of the gap. - Very strong daily close today. - Start the accumulation now for great upside from 65 and up levels.
It was complex failure pattern but Wave 1 has been formed. Breaking R110/120 would means R170/80 is possible. We should wait for R57/60 formed to ride to R90 or R110/120 .
USDCAD - LONG ENTRY PRICE - 1.27640 SL - 1.27000 TP - 1.29000
A bearish Gartley setup on the 1-hourly timeframe is very different from the rest of the pairs I've done this week on my analysis. Well you see, for all the analysis that you have seen most likely they are all trade plan and strategies, that's what most traders are looking for, where to enter and where to exit. You just need the 1st step, which is Analyse,...
Got a fill as per my previous chart, looking for quite a down swing here as XRP fails to breakout on the larger timeframe
BTC will fall down to new low.