Shortterm
Short term bearish opportunity Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential.
Enter The Stock after confirming support around RS 280-290.
Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments)
Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*)
Risk Reward Ratio for Traders - 2:1
DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important.
Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
SHIB Smart PlaysHere’s my insights on how I’m playing $SHIB, meme coins can be even more profitable with proper analysis and not just wishful hodling.
SHIB/USDT has been keeping consolidation patterns and is currently in consolidation right now. Volumes still in the billions and social media presence is still buzzing. Analysis report is remaining in BUY.
SHIB has been steadily spiking and dropping about 20%-30% and then repeating the process for the past couple of days. All stats are still pointing at another spike, and then opportunities to short.
I’m currently holding 1 futures contract on SHIB (long) and holding a bag of about 10M (to pull after potential next spike). Then the next drop I can open short futures contracts and keep repeating this process until the pattern breaks. Following this allows profits to be obtained in both directions
The Solana Dichotomy - Pump Versus DowntrendWe are very close to finding out if the Solana bear market is upon us, or if the September bull run will continue as an uptrend.
Solana has been gradually going down since the peak of the bull run in September. The price needs a proper correction and this due is starting to knock on the door. That said, there are also short-term / immediate indicators of a possible continuation of the bull market from September, which I have charted.
I have also charted Solana in a triangle formation and I have charted the long-term implications of Solana following the triangle formation in a downtrend, using historical and initial support to draw out a long example of what that could look like. The triangle formation concludes in March 2022 when the long-term support indicator converges with the current downtrend indicator.
MFI indicator is hovering around 50 and squeeze indicator is showing first sign of market momentum changing, which only adds more uncertainty into the mix on how Solana will play out in the immediate short-term.
I am not making any claim or taking any position on the future of Solana, and I am also aware there are plethora ways to chart this possibility or that possibility and therefore I am making no claim as to whether either projection will come to be. Instead, I am trying to observe the transient dichotomy which may be immediately relevant to a new buyer or a current stock holder entering the Solana market: will It pump or will it fall?
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
BTC Drip DropDrip drop, drippery drop! Tried to weigh both scenarios I'm actually bullah bias... But the chart is telling me the contrary :D
- Symmetrial Broadening Wedge often more bearish than bullish, counting the waves inside it turned out bearish.
- Elliott Waves count point for a retrace to Wave 4.
- Resistance area @ 49k-51k
U do the math!
Ask the Creator 2 Reconcile n Pay!
DELTACORP looks good on weekly chartNSE:DELTACORP
If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.
But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that to take it as a confirmed breakout, we can still consider this as a good solid sign to consider this stock for Swing or short term trade. One can prefer to take further confirmation on 2h chart.
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
BTC Long Term OutlookThis is a look into the bitcoin long term outlook. Looking at Elliot's Wave Theory. BTC is currently in a bear market and will take a while to move back into a bull cycle. The sell off we witnessed from the high's was a significant push to the downside. We don't jus automatically move into a bull market after this sell off. Unless you have the help of the Federal Reserve where they can pump money into the economy. BTC is all about supply and demand. It will take time for the demand to build back up after a sell off, ideally at much lower prices where we can accumulate. This is a 3-5 year outlook so let's see how this works out.