TLMUSDT Day-long ideai am thinking that we will see the last movent of correction soon. So it is my idea how it would (if it is a reaaly last correction)
Short-term
BTCUSDT Pullback (Short Term)My previous idea about the pullback was aborted since the 4h candle did not close under the 0.236 Fibonacci channel line. The last push did not able to make a higher high to reach 47k.
Today's important level is the 0.618 fibonacci level as 45240. Closing 4h candle under that level might start the pullback to price levels 44300-43700-42800.
I am on stand by at this moment. Let BTC decide what to do from here.
GBPUSD Long Trade SetupEither the green 12345 or the expanding flat between the green lines should be the case. If it's 12345, we will have a correction and more downside. But my expectation is an upward impulse after the expanding flat, which should be over at the blue C. Then it came a strong upward impulse and a correction, which might be over. So, we may have a reversal impulse, and correction, which is in the making. Now, I'm waiting for a complete correction to place a pending order over the last top with SL under the correction.
USDJPY Short Trade SetupWe may have a complete running flat. The C wave seems to have 5 sub-waves, and the last top might be the end of the 5. That being said, it's still over the trendline. So, there is chance for more upside after a small correction. That's why I set my entry price under the trendline. My target is 108.200 for a complete daily correction.
IRCTC as ON 09.08.2021MAKING A SHORT CALL FOR PROFIT !!
MACD CROSSOVER!!
RSI ABOVE 60!!
MORNING STAR FORMED !!
Can make 2-3% high!!
STOP LOSS=2484/2468
(Making a rising wedge pattern so dont hold for long time can make a big fall!!)
(The above Analysis is only for study purpose do not take it as any buy or sell call)
AUDUSD Long Trade SetupIt seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.
Is it possible for this scenario to happen?I'm rookie at Elliott Waves but I have saw this today. what's your opinion about this?
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EUR/USD daily analysis the Bulls trying to gain control Hello everyone , as we all know the market action discounts everything :)
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The EUR/USD regains composure and retakes the upper hand near 1.1890. In the last few days the price has bounced back up from the range of 1.17540 to the range of 1.19038, Could this be the push back up the bring the price to the range of 1.2080 ?
Well we see that bulls are trying to gain control but for them to gain control a few things must happen first
scenario 1
The price currently is at 1.18522 it needs to reach the first resistance line at 1.19330 and a power test will happen between the bears and the bulls and whoever win will affect the price, if the bulls were to wins then we could be seeing the price pushing even more and hitting the second resistance line at 1.19950 but if the bears were able to keep control then the price will most likely drop down and it will be heading to the support area around 1.17860.
scenario 2
If the bears take control before any major movement happening then the price will drop to the support line at 1.17860, and that gonna be the Bulls second chance to gain control where a battle will happen between the bears and bulls and the outcome will determine the outcome for the price for the period of time, If the bulls gained control then a certain bounce up will happen pushing the price to the range of 1.19330 but if the bulls fail to gain control then a further drop in price will happen and the market price will most likely hit the 1.17010.
Now let's look at indicators and see what they are telling us :
1) The market price above the 5 10 20 MA and EMA (short term Bullish sign) and still below the 50 100 200 MA and EMA .
2) The MACD is still Bearish but a positive crossover happening between the MADC line and the signal line with increase in strengths in the histogram (short term Bullish sign)
3) The ADX at 30.75 showing that the market is trending with a positive crossover between DI+ (18.73) and DI- (15.11)
4) The STOCH reached overbought zone (possible bounce down)
Support & Resistance points :
support Resistance
1) 1.1786 1) 1.1933
2) 1.1701 2) 1.1995
3) 1.1639 3) 1.2080
Fundamental point of view :
This week a few fundamental news will effect The Market price on the euro side like the German Retail Sales, final Manufacturing PMIs (Monday) – Final Services PMIs, EMU Retail Sales (Wednesday). so we will need to wait for them and see how they will effect the market price .
The EUR/USD finally managed to surpass the key barrier at 1.19 the figure last Friday, although bulls remained unable to sustain the move. The healthy recovery in spot clearly followed the increasing weakness surrounding the dollar, which was in turn propped up by the steady stance at the Fed’s event in past days. In the meantime, dollar dynamics in response to the US economic recovery, the Fed’s dovish stance and prospects of high inflation are still expected to dictate the price action in the pair for the time being. On the euro side of the equation, the re-affirmed dovish stance from the ECB (as per its latest meeting) is expected to keep the upside limited in spot despite auspicious results from key fundamentals and the persistent high morale in the region. According to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
EURUSD Short Trade SetupMy expectation is a downward impulse after the correction. The last top can be the end of the running flat, and if so, a reversal structure should be in the making. I'm waiting for a correction after the reversal impulse. We could have placed a pending order under the last low, but I don't want to do that because it can go up more after a correction. That's why I'll wait for a small trade setup and place my entry order.
VNQ stock seemingly bullishVNQ seems to be on an upwards trend and could be a good move to trade short term, while it also has a lot of merit if held long term as this stock has grown immensely in the last 6 months.
AUDCAD Long Trade SetupMy main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.
Monday.com Short Term : Short for a Test on IPO pricesMonday.com
Mkt cap 9.37B
Prev close 204.93
52-wk high 256.16
52-wk low 155.01
Looking for a retest on ipo price before any new upwards movement. Future long term price above $240 possible.
Stock for next week .testing support line ready to brakeoutstock is ready to breakout, risk takers can take entry in support line and others can wait for breakout confirmation to take entry . the stock I'm here mentioned is fundamentally and technically strong . it's from cement sector , in my view cement sector is bullish right now .I'm not mention stop loss and Target because I going to ride this one for long . so take your entry and exit according to your analysis .
ADA/USDT waiting for good buyBecause currently is uptrend, so you need to wait for good Buy at 0.76$ - 0.84$
Stoploss 0.62$ (about 20%)
Wait for price back test the support line 0.618 zone (is also a trend line )
Take profit at 1.15 (daily resistance line and 0.5 zone)
Take profit at 1.3 ( ATH ) and wait for more signal.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thanks you!
Bullish Trend ExpectedA strong reversal candle is expected, such as Abnormal Pin Bar , which is also confirmed by the volume at key level 1 or key level 2. If this expectation comes true, the upward movement has begun.
The volume confirmation means to expect the volume to be higher than the volume moving average (20).
Neutral to bearish EUR/USDElliot wave analysis with trend channels. No major news tomorrow. Increased yields and decreased gold, spotprices, may set up a bull DXY.
Keep Eyes On JUSTDIAL. Little Story of False Breakouts. NSE:JUSTDIAL
Just dial was been in a consolidation phase for a long enough time between the price range of 318-824. On 1st March 2021 weekly chart we did managed to see false breakout to the level of 824, result of which we see down move from there towards 717 and we have seen good reversal confirming support of 717 on 17th May 2021 weekly candle.
After week of 17th May 2021 we did see some good upside momentum in Just Dial till 1047. And once again a good rejection candle on a week 14th June 2021 at the level of 1047 which form a solid wick indicating one more false breakout. But now price did not fall as much as we seen after a false breakout of 1st March 2021, and this indicates less sellers or now participants are not interested to go short in Just Dial. Result of which we see strong bullish candle with good efforts in a last week (05th July 2021).
After kind of painful movement there will be hardly anyone who can keep blind faith in Just Dial or at least no one will expect steady trend in this counter. But as mention previously, its seems there is not enough supply in this counter for now.
Short to long term players can consider this counter for targets of 1286, 1426 and 1627 with SL below 700.
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CADCHF Long Trade SetupDespite the sharp and quite big drop, my forecast on the bigger picture remains the same, which is a running flat. That's why my expectation is still an upward impulse as C wave. So, I'm waiting for a correction to place a pending order. Then I'll move SL to BE asap because there is still some potential for more downside, and as long as it stays over the previous low (green A), coming down is OK.
SPX500 Short Trade SetupMy forecast is the C wave inside a correction and more upside. That's why I want to take a long trade. As you can see, we have a potential reversal structure after the last top, and it's a valid trade setup. That's why I placed a pending order, and I'm in the trade now. My risk is 0.5% since another upward impulse after a small correction is also possible, and in this case, my trade will stop out. If it drops and makes a bigger correction, I'll it more.
Jain Irrigation Systems Limited Looks Good On Weekly Chart.NSE:JISLJALEQS
JISLJALEQS On weekly chart form a strong trend and will show good move in next 3-6 months. Short term traders or investors can consider this counter. CMP is 31.35, Jain Irrigation System Limited have Support are of 16-12 and that's the think one should consider before investing this counter as we are risking almost 50% in this counter. So only high risk takers should consider this counter. Also do take advice from your financial advisor.
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Keep Eyes ON AARTIDRUGSNSE:AARTIDRUGS
Short Term traders\Investers keep eyes on aarti drugs. Any Daily or weekly closing above 778 will take this counter out of range and we may see new trend onwards. AARTIDRUGS has good support at 610.
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