IRI Integrated Research WeeklyIRI Weekly
Looking for an entry into this, as fundamentals are good and it appears undervalued
Technically near long term support level and has 2x bullish harmonic patterns being a bullish bat and a bullish anti shark
These patterns complete at different levels being $0.40c and $0.205c
Clearly I prefer $0.205 with oversold indicators as well but this may or may not happen
Not enough for me to buy right now but I've added to my watchlist
Likely enough to double investment, so this would become a buy, sell half at double and keep the rest to a long term target over years
Shark
SDL NZ On medium to long term buy watchlistCurrently in a restructure, small cap stock with good fundamentals i.e. profitable and current ration of 2.0
is a software based company so has the ability to scale quickly without large investment
Will be eyeing up a position around $0.42, with first target around $1.50 and possible exit around $2.45
This is a monthly chart so is a long term trade...
Option B could be sell enough to get original money back at $1.50 and reinvest elsewhere while holding the rest till $2.45 to cash in
VodaFone Idea - Bottom made and ready for potential of 20 On a Monthly time Frame Vodafine Idea has touched bottom channel & along with that it has formed Bullish Shark pattern as well.
It will have next resistance at 13 (0.5 Fib). Monthly candle close above 13 will take it to 20.
Vodafone Idea is buy for 1 to 1.5 year time period for following targets.
13 - 20 - 23 - 26
Oil next MovementOil competed the 4th wave of Elliot and moved upward exactly on wave 4 PRZ (Price reversal Zone). meanwhile the shark pattern is completed.
in case if Oil start to complete the wave 5 of Elliot the target price is shown and in case if the price reject the wave 4 PRZ downward, the shark PRZ also is been shown which can be a area to change the price process.
Thanks for comment and boost
AVAX/USDT - Bearish harmonic shark formation is loadingAVAX/USDT- update- the time to be careful is approaching for a bearish harmonic shark formation
The price continues to rise towards the channel middle band in the high time frame and this region intersects with the reversal region of the shark harmonic formation. In this case, the price is now gradually moving away from the 5-0 long direction region between 30-34. We can now talk about a correction for Avax between $59.94-$71.61. Of course, it would be appropriate to look for confirmation in low time frames for a short direction transaction and not to make aggressive decisions, without forgetting that we are in the bull season.
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
HARROW 16% INTRADAY DROP CAUGHT!Technical Analysis: HARROW (15-Minute Timeframe)
This chart demonstrates a highly profitable short trade executed with precision using the Risological Indicator. A stellar 16% profit was captured in this intraday trade, showcasing the power of momentum trading.
Trade Details
Stock: HARROW
Timeframe : 15-Minute
Entry Price : $52
Exit Price : $43
Profit : $9 per share (16% intraday return)
Key Technical Observations
Perfect Entry Point:
The entry at $52 aligns with the beginning of a sharp bearish breakout, as identified by the Risological Indicator. The indicator’s red resistance bands provided clear confirmation of a strong downward trend.
Momentum Confirmation:
A steep decline immediately followed the entry, with heavy bearish candles confirming the strength of sellers in the market.
The gap and acceleration downwards signify a likely reaction to negative news or market-wide pressure.
Dynamic Resistance:
The price consistently respected the downward-sloping resistance bands, highlighting the dominance of sellers and a clear absence of bullish recovery attempts.
Exit at $43:
The exit near the $43 level demonstrates disciplined profit-taking, as the stock begins to consolidate and show signs of slowing bearish momentum.
Analysis of Results
This short trade captured the entirety of a massive 16% intraday move, leveraging the indicator’s precise trend-following signals. The sharp entry and timely exit reflect the strength of the Risological Indicator in identifying and capitalizing on market momentum.
Key Takeaways
Trend Confirmation is Critical: The trade capitalized on the established bearish trend, ensuring high probability of success.
Indicator Precision: The Risological Indicator’s dynamic resistance bands provided clear visual cues for both entry and exit, removing guesswork.
Risk Management: By exiting as momentum slowed, the trader avoided potential losses from a reversal or consolidation phase.
This trade underscores the importance of using robust tools like the Risological Indicator to stay ahead in volatile markets, transforming short-term opportunities into substantial profits.
BLUEDART SHORT CAUGHT!Today was a one side, short market!
I always believe in following the money - the smart money!
Coupled with the options Weekly contracts termination like BANKNIFTY, MIDCPNIFTY, FINNIFTY, etc, we are going to see more sell off in this week, as per my observation.
Dont go LONG in the market blindly tomorrow ( 14, Nov, 2024).
Good luck and Namaste!
Nifty is it towards 22800/22300 ? - Read description in detailFollowing my post on August 5 after a dead cat bounce,
Nifty has started to form Cypher or Shark pattern on weekly time frame.
For a Cypher pattern: it will touch 23870/23216/22800
To form a shark pattern fall may extend up to 22300.
It is expected to complete this by December end.