KNRCON WEDGE PATTERNKNRCON in Wedge pattern at top trend line check if opportunities comes for Beakout out.
Trend
NEARing A Strong Support ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BITRUE:NEARUSDT has exhibited an overall bullish trend , trading inside the rising broadening wedge in red.
At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting a strong support/structure marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEAR approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDUSDNZDUSD: IMO here is the end of the upward movement. I wanto sell NZD with 1% risk right here . but use sell stop order to find the best price .
XVS START INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that XVS has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
USDJPY - Follow The Bulls ⤴️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 FX:USDJPY has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a previous major high marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDJPY approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD SELL TO BUYThe price approaches the key zone where manipulation will be observed.
With the seller's work and the formation of bearish formations, this range for further movement is 1.2318-1.2186, where it will be interesting to consider the reaction of the buyer to continue the upward movement to the local accumulation of liquidity in the range of 1.2750-1.2930
Maintain your risks and act in accordance with your trading system.
USDJPY - BEAR STILL KILLING - But Be CarefullBe Careful with the hidden bulls at this level today Nov 21 2023.
As of the latest market activity, the USD/JPY pair has shown bearish sentiment after moving below the 149.00 level, which is near six-week lows, as per technical analysis reports. It's trading around 149.00 following a 23.6% Fibonacci retracement. Technical indicators are suggesting that there is a bearish sentiment to navigate.
Further technical analysis indicates that a weekly doji candle at 150.00 has provided a bearish signal, with market events triggering a “risk off” response. This may have been influenced by key US data that is expected later in the week, which will bring both the Japanese yen and the US dollar into focus. The yen is often considered a haven currency and could react to market sentiment and upcoming economic data.
On the more immediate horizon, the USD/JPY has seen sellers push the price back below 140.00, and it is showing an extension of that pullback, testing below the Fibonacci level at 139.59. The price remains above prior resistance with a few notable levels, including 138.75, which was last week's resistance.
The technical outlook highlights a break in the November opening range for USD/JPY, with potential exhaustion or price inflection into confluent support at the 147.68-148 range early in the week. There is also resistance at the weekly open eyed at 149.60, with bearish invalidation now set to the 2022 close-high.
Lastly, the USD/JPY failed to break through the 151.93 key resistance last week and has fallen sharply since. However, the downside has been contained by the 149.17 support so far, and the initial bias remains neutral for the start of this week.
These analyses suggest that traders should keep an eye on key support and resistance levels, with a bearish sentiment currently prevailing. Upcoming economic data releases and market sentiment will likely be significant drivers of the pair's movement in the near term. Investors should monitor these factors closely to inform their trading decisions.
Look my análisis and give me your opinion at comments
drive.google.com here:
BTC - The Bulls Are Strong 💪 For Now!Hello TradingView Family / Fellow Traders,
📈 BTC has generally exhibited a bullish trend from a medium-term perspective, trading within the ascending broadening wedge outlined in red.
In our last analysis, the bears took control in the short term last week by breaking below the last minor low in green.
🏹 Subsequently, we sought buy setups around the lower bound of the red wedge , and confirmation came after breaking above the blue high.
Therefore, BTC is anticipated to maintain a bullish trajectory, trading within the rising wedge in orange, with an expected movement towards the 38,000 - 40,000 resistance zone.
📉 However, unless the lower orange trendline and blue zone are breached downward once again, we should anticipate another bearish correction until reaching the lower red trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Reversal Broadening Wedge pattern in SUNPHARMASUN PHARMA LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1077-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 990-.
📈 Can Go short in this stock by placing a stop loss Above 1250+.
BIG PLAN about BTCAlthough it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage.
When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction has not been fully realized.
Currently, our strongest support level appears to be the 50-week simple moving average, which runs parallel with the Rising Wedge support trend.
When SMA 50 breaks, we can expect a very deep decline.
Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
#NIFTY Intraday Support and Resistance Levels - 20/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19740 level and then possible upside rally up to 19860 in today's session. in case nifty trades below 19700 level then the downside target can go up to the 19580 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level.Any Major downside only expected in case banknifty starts trading below 43450 level.
For Week 2023/11/20-24, A slight bearish move for XAUUSDConsidering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global factors, market sentiment, and economic indicators, as these could influence the trajectory of XAUUSD.
Xau/Usd (Gold)Hello traders!
The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level 1992.0 without breaking the line to go to the level of 1941.00. Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
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