Head & Shoulder pattern breakout in BANKNIFTYBANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Banknifty index Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 46850+.
✅Can Go Long in this Banknifty index by placing a stop loss below 46100-.
Trenanalysis
XAUUSD|The last weekly view of the gold market in 2023-According to the previous view that we had, gold moved according to our expectations and reached the considered resistance area, which has also had reactions to this area.
-My idea for the movement of gold in the coming week is that even though it could not break the resistance zone ahead.
Gold can reach the prices of 2040 and 2032.
-Traders, if you liked this idea or if you have your own opinion about it, write in the comments.
Bullish Flag Pattern Reversal in ZEELZEE ENTERTAINMENT ENTERPRISES LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📊 It can give movement upto the Reversal target of Above 275+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 390+.
📊 Can Go Short in this stock by placing stop loss below 240- or last swing Low.
BTC/USDT 4HInterval ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend line from which the price went up.
Now we can move on to marking support areas in the event of a deepening correction, for this purpose we will use the trend based fib extension tool and after unfolding the grid we can see that the price remains just above the support zone from $25,781 to $25,373, but when we fall lower we have a second zone support from $24,711 to $24,237.
Looking the other way, we can determine resistance areas in a similar way. First, we will mark the resistance at the price of $26,062, then the second resistance at the price of $26,531 is visible, then the third resistance at the price of $26,891, and then the price will move towards the resistance zone from $27,273 to $27,799.
When we turn on the EMA Cross 200, we see that the price still remains below this line, which indicates that BTC is in a strong bullish trend.
Please pay attention to the CHOP index, which indicates that the energy is slowly starting to grow, the RSI shows a quick recovery after the increase, but there is still room for us to go lower, while the STOCH indicator confirms the use of energy for a decline, but with room for the price to go a little lower.
Double Bottom Reversal in INTERGLOBEINTERGLOBE AVIATION
Key highlights: 💡⚡
📊On 1Hour Time Frame Stock Showing Reversal of Double Bottom Pattern .
📊 It can give movement upto the Reversal target of Above 2600 +.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2670+.
📊 Can Go Short in this stock by placing stop loss below 2370- or last swing Low.
GOLD Moving down for a pull backOANDA:XAUUSD Price after breaking the white trend line, stopped at the resistance zone and now it is going to touch the trend line again.
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*Please do your research first and then open a position( Not just by my analysis )🧐
*If you liked this idea or if you have any other opinion about it, write in the comments.✍
NIFTY weekly market FORECAST & Levels OVERVIEW👉 The price following Descending Parallel Channel on weekly chart .The level of 16850 To 16700 is strong support zone for the price on weekly chart. After hitting all time high for the first time price closes Below 17000 which showing week closing on weekly chart and level of 17000 which was crucial support level .🎯
👉If price breaks the last two week low 16945 and sustain for the hours than we can see sharp move towards the downside till the 16700 & If price breaks the 16700 support level , closes and sustain than we can see sharp drop in price and downside target will be 16300/16200📉✅
👉 Upmove possible in the price only above the level of 17222📈
👉The level of 16200 is good opportunity for investors to invest in stocks for the long term investment view📈📈👍.
A THREAD :BASICS OF HAMMER CANDLESTICK FORMATION (PATTERN). What Is a Hammer Candlestick?
A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the opening and closing prices, while the shadow shows the high and low prices for the period.
KEY TAKEWAYS:-
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Understanding Hammer Candlesticks
A hammer occurs after the price of a security has been declining, suggesting that the market is attempting to determine a bottom.
Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during a single period, where the price falls after the opening but regroups to close near the opening price.
Hammer should look similar to a “T.” This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed.
Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer’s shadow.
Hammers aren’t usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns.
Limitations of Using Hammer Candlesticks :-
There is no assurance that the price will continue to move to the upside following the confirmation candle. A long-shadowed hammer and a strong confirmation candle may push the price quite high within two periods. This may not be an ideal spot to buy, as the stop loss may be a great distance away from the entry point, exposing the trader to risk that doesn’t justify the potential reward.
Hammers also don’t provide a price target, so figuring what the reward potential for a hammer trade is can be difficult. Exits need to be based on other types of candlestick patterns or analysis.
Psychology of the Hammer :-
As we have seen, an actionable hammer pattern generally emerges in the context of a downtrend, or when the chart is showing a sequence of lower highs and lower lows. The appearance of the hammer suggests that more bullish investors are taking positions in the stock and that a reversal in the downward price movement may be imminent.
The long lower shadow on the hammer candlestick indicates an effort to continue the price’s downward trajectory, but the higher close represented by the real body indicates that the sellers were ultimately unsuccessful in holding the price at its intraday low. The price’s ascent from its session low to a higher close suggests that a more bullish outlook won the day, setting the stage for a potential reversal to the upside.
Hammer Candlestick Pattern:-📈
How should you trade with this pattern to take entry at lowest levels?
1.⛏The hammer candlestick is found at the bottom of a downtrend and signals a potential ( bullish ) reversal in the market.
⛏The hammer candle has a small body, little to no upper wick, and a long lower wick - resembling a ‘hammer’.
2. 🔨Hammer candle can be of any colour – It can be either of Green or Red colour.
🔨The lower shadow should be at least two times the height of the real body.
3. Psychology;
This candle pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices.
4. Reversal signal :–
Entry for Bulls: It indicates the rejection of lower prices.
When found in a downtrend it could signal the end of selling pressure and begin to trade sideways or reverse, after confirmation such pattern can give the best entey to play reversal.
5. Exit signal:- For Bears:-
Traders that have an existing sell position, can view the hammer candle as an indication for reversal and they can take exit to existing sell position.
6. Confirmation is important :
Entry in any trade should be taken only after the confirmation.
Fomo of entering into a trade without any confirmation can trap you in a wrong trade.
7. Stoploss:
Once entered into any trade after the confirmation, stoploss can be placed below the low of hammer candle.
Traders, if you liked this thread , write in the comments. I will be glad.
(XAU/USD) Is it going to respect or break the support?Technical Analysis on FOREXCOM:XAUUSD
SOME KEY POINTS:
Gold moving ahead to a strong weekly support zone!
We have seen a good pullback from this level previously!
AB=CD will be completed at the zone!
According to the seasonals, gold is very bearish in september!
Best of Luck!
Your feedback would be appreciated!
BTC/USDT (Bearish Bias)Short Call! BINANCE:BTCUSDT
CORRECTION IN CHART: Target 2 is Target 1 and Target 1 is Target 2. (Mistake in charts)
Hello Traders!
I see BTC rejection from its Previous 2 days Highs!
Bearish Engulfing at resistance level!
MACD showing Bearish Divergence on an hourly timeframe!
Risk Reward:
You can close half of the lot after Target 1 is achieved and move SL to breakeven and wait for Target 2.
Best of Luck!
WHY BTC BEARS SQUEEZ LOADING, POSSIBLE 58K BEFORE BELOW 20K DUMP
BTC BULLS BIGGEST PLAN, Will Buying BTC at the current 28200 to 29k range be profitable?
Today I am here to tell you that Bear's dream to 20k will be charted first as bulls will reverse
back up to hit 36k, react, and get pulled back, a bit sideways price move will follow.
which breakout will lead to further up to 40 to 42k.
the journey of recovery I see could hit 58k but that will experience pulls backs
along the way as this 58k is on the weekly chart target meaning time is needed.
According to the Bitcoin Gorilla Box on the Weekly chart, The bulls might shock everyone
as we see That even though Bull's trendline has been pierced but no candle close below
it is successfully instead we see a hammer(a sign of buy pressure)on support If BTC sellers don't get a red candle
that successfully close below the 28k broken support.
A possible short squeeze will be unavoidable if the current week closing today fails to close below the support of 28k.
this signal a possible forceful change in direction after countless failed hits to break the support
Taking a buy at 28200 For Swing Trade target(short term)
First Target: 34400
Second TA ; 42k
Third TA :48k
Stoploss:27576
Taking a buy at 28200 For Swing Trade target(short term)
First TA : 42k
Secon TA : 52K
Third TA : 62k to 64k range
Stoploss : 26400
PEPSICO TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Bitcoin - We still need more indications to see the aftermath.Hey guys. Its been a little while since I posted last time. Bitcoin just seemed to show us its drama as usual and unfortunately we are in a hard position to speculate the most probable outcome at this point. But it seems its in a short term bearish trend and needs more indicators to be considered patiently. Therefore I will try to list the outcomes that have a big possibility by the following days and weeks by which I will be updating on the issue when we get more indications.
- By this as I have already tried to point it out it seems short term bearish scenario is more handful at this moment backed by some fundamental indicators from the US government interest rate news. Looking at the chart we are in a point that Bitcoin is trying to escape a bearish downtrend breakout which is a critical point to whether it is going to breakout for a further downward correctional movement or not. After looking out the outcome from the daily candle at this point we will have a more clearer sight to predict where it might go in the coming days and weeks. As many traders and analysists are saying there is a probability of going downward to 33,XXX or even 28,XXX area if things are going to keep like these espicially in the US stocks and other major economical agents around the world. I will be giving updates after we see what happen to the close of the following candlestick. For now the scenario's can be taken as :
1. Refusal of a bearish breakout and going to test the 36,XXX - 38,XXX area.
2. Breaking out of the bearish side for a further correction towards the area of 33,XXX and 28,XXX respectively.
Stay Tuned For Live Updates.
@abanefsobulls
DGBUSDT 4H Analysis: 04.19.2022If the price can consolidate itself over R-S zone ($ 0.025), the rising of price up to $ 0.28 would be expected.
If you liked this idea or having your own opinion about it, I would be glad if you write it down in the comment section.
👤 Yazdan Ganjabi: @YazdanGanjabiTrading
📅 19.Apr.22
⚠️(DYOR)
THETAThis is a both a swing and a scalper strategy(depends on the time period that you use), that works with all time spans, anyway I saw that with swing 2h works the best on most crypto sets, like ETH, BTC, etc.
Its principle parts are:
Hull moving normal avarage
T3 moving normal
Risk management
With them I make a normal and use it as the principle moving normal.
Rules for section
For long: Average moving normal is greater than past normal moving normal worth.
For short: Average moving normal is below past normal moving normal worth.
Rules for exit
We leave when either the TP/SL has been hit, or when we get an unexpected condition in comparison to past one(both for long and short).
On the off chance that you have any inquiries, let me know !
Seeing this move is considered while awaiting for the next move