GBPUSD has the possibility of price correctionBased on the wave counter that has been done, you can see that in the 4-hour time frame, there is a lot of possibility and potential to reduce the price to at least 1.1955.
Trendpattern
BTC >>> 49000 !!Maybe this does make no sense for many of you!
But I think this is the shape of the next move!
BTC >>>>
49000 !! TP1
80000 !! TP2 after the halving, if it is confirmed.
Let's see what will happen.
NZDUSD will fall in 4 hoursAccording to the price chart, NZDUSD will
probably fall in the 4-hour time frame and will go
down to the 0.57540 range. This is an idea that has
a lot of potential to be realized, but it should be
entered into the transaction with capital
management and with low risk.
Tata Consumer Product-Intraday for 02.05.2024
1. Price is at strong support level at Day TF
15 Min TF
1. After a big fall, Price is consolidation in sideways at strong support and resistance level.
2. M Pattern has formed and expected to big breakdown if support level breaks.
3. 200 & 50 EMA has reacted at resistance indicating bearish.
4. Chances of forming bearish flag pattern
Risky Buy: Above 1100(Target 8 points)
Strong Sell: Below 1181(Target 20 Points)
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required. Please follow for more ideas
USDCAD US. Dollar / Canadian DollarIt is expected that this currency pair will start to fall after a little growth until it reaches the set limits
EURAUD . EURO / ASTRALIAN DOLLAR DOWNTREND 4HEURAUD is completing a purple wave e, which is a downtrend in the 4-hour time frame, and is expected to continue its downward movement with volatility.
TATA COMMUNICATIONS - A swing trade opportunity of 25%Trend - up in all higher time frames.
Weekly RSI - Took support at 62 and moving up.
Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024
Retest of the breakout has happened.
Now weekly and daily price actions shows the upward momentum.
Entry - One may wait for daily previous supply levels - 2015 to be hit and take an entry as per reversal in lower time frame. Purely based on risk management - SL %
1827 - would act as a strong support. 7.5% from current levels.
AUDNZD Australian Dollar / New Zealand Dollar Downward TrendThe New Zealand dollar will soon start a downward trend in the 4-hour time frame. which is to complete the D wave piece from a triangle on the edge
Insights into Market Analysis: SPDR XLK Sector trend analysisThe upward trend of XLK experienced a halt in mid-April, marked by a price breakout below the swing low at $197.3. By retracing the price action from January 2022 to October 13, 2022, a potential pattern emerges, suggesting the formation of a 'Head & Shoulders' reversal pattern.
XLK had been on an upward trajectory from October 2022 until April 2024, largely driven by the robust performance of the tech sector. However, with the application of sector rotation principles, it appears that XLK is exhibiting signs of technical weakness. Currently, other sectors such as XLE and XLU are demonstrating stronger performance compared to the overall market.
Lynas Rare Earths (ASX:LYC) - Cautiously Optimistic
The Heikin Ashi candlestick pattern suggests a recent trend reversal to the upside, as indicated by a series of green (upward) candles.
The chart displays a consolidation pattern within a falling wedge, which has been broken to the upside, hinting at a potential bullish reversal.
Exponential Moving Averages (EMAs) show the price is currently above the 20, 50, and 100-day EMAs, a bullish signal.
A significant increase in volume accompanies the breakout, reinforcing the strength of the current upward move.
The current price is near the upper bound of the falling wedge pattern ($6.60 - $6.50c), which could act as resistance and limit further upward movement.
Prices holding above key EMAs, which may now act as support levels with current established support level at ~$6.02c
Bitcoin Re Re Re Testing Multi-Year Trend LineOnce again Bitcoin is Re-Testing my Multi-Year TrendLine as support. The last 3 daily candles each have a wick poking down at it. Will it hold? So far it has but with each passing day and retest, the chance grow less and less likely. As long as we remain above it, I am long. A drop below would have me taking risk off and waiting for a better price below somewhere.
AUBANK : Buy for Swing trade?www.tradingview.com
AUBANK: After making 52w LOW in recent past, it is now recovering from there supported by massive volume. The RSI on daily timeframe has already crossed 70 which shows aggressiveness towards bulls.
Levels:
Buy: If it crosses above 653 level on daily timeframe and sustains there. The StopLoss would be 628.
There is an Open gap above between 703 to 670. Based on our Gap theory, it has to be filled. The first target in Swing trade will be 700. After that you can trail it till its reversal.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48950 level then possible downside rally of 400-500 points upto 48550 Level & this rally can can extend another 400 points if market gives breakdown 48450 level in todays session.Any Major upside only expected in case banknifty starts trading above 49050 level to 49450 level. also possible reversal upside 48550 level.
short term1) short-term target
2) target and stop loss mentioned in chart
3) no recommendation fir buy and sell
4) All-time high
5) how where marjet mood stock can move
6) be careful.
Symmetrical Triangle pattern breakout in HCLHCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1610+.
✅Can Go Long in this Stock by placing a stop loss below 1530-.
MUBI NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that MUBI 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
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
head1) Multi-year breakout
2) header and shoulder pattern breakout
3) Stocks are in down trend; there is volume exhausted
4) now stock getting huge volume buildup
5) volume indicating buys enters the chart
6) PE for the stock high
No recommendation for buy and sell
Upward trending channel - ASX:SEMI (Long)SEMI currently sitting on upward trend line within established bullish channel.
Previous support line at $16.30 where demand triggered another uptrend to above $17.00.
RSI currently within average buying levels around ~56-60% showing higher highs, indicating another potential run back towards previous ATH SP level of $17.54.
Aiming to take a long position between $17.00 - $17.10 if buying pressure increases in the coming days.
Disclaimer: NOT financial advice, I am not a qualified finance profession. These ideas are my own based on my research. Please consult a licensed financial advisor before making any investment decisions.
DXY SELL TRADEFrom technical analysis we can see a huge expansion to the upside after the release of the NFP data .
what i would like to see is the candle reaching 105.550 level liquidity void on daily chart to consider a short
MY TRADE
SELL 105.550
TAKE PROFIT 97.000
SL 106.550
TERMS AND CONDITIONS APPLY
USE PROPER RISK MANAGEMENT
XAU-USD (GOLD)Gold's retracement to 50 or 61% is necessary for a well-executed impulsive move. Without going through a corrective phase, gold is only traveling in one direction. Each time the price has reached an Ath, and each time the pair has manipulated close to the Ath. This represents the final vertical resistance of the ascending channel of the upper period. This may reverse and lead to the final support region during high Fundamental data. Before trading, verify appropriate price activity; this is merely a suggestion, not a signal.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47450 level then possible downside rally of 400-500 points upto 47050 Level in todays session.Any Major upside only expected in case banknifty starts trading above 47550 level.
BTC Trend Projection - First steps to reach 198k by July 2025We are projecting an ATH of 198k by June 29th, 2025. For BTC to reach this it has some steps it needs to follow. These steps can be broken down into chunks and here we aim to break down the first part.
Likewise, here is a quick evaluation of how BTC is currently doing and what may happen in the upcoming few days to a month.
Bull:
BTC may have corrected downwards and sideways enough to become being properly evaluated. What this means is that BTC's Price and Halving projection line are very close together. This is great news as it means bullish momentum may be happening soon and this will help maintain a strong support and potentially the lowest the price may crash to in the upcoming few days.
Bear:
Unfortunately there is still some short term bearish momentum going on and the price may correct further to the 60-62k area. This should be only temporary and can be considered a good entry point to get into the market if you haven't already as most trading pairs are at a pretty good buy in price right now.
Conclusion:
Be cautious if you have a liquidation in the 60-62k price range as this correction may hit that area before the bullish momentum picks in and we slowly climb back to the 70k+ region.
If you haven't bought in yet, the next few days may be about the best you are going to get unless you want to wait until July 2026 where we may see a low of 50k..
BTC's bullish momentum may be very close to happening again, this short correction was necessary but may be almost over.
There is a potential possibility of side ways movement until May, however BTC is generally very volatile and there is a better chance we see 1-5% price movements up and down between 60-75k for the next month; so even though bullish movement may happen soon; there may still be bearish movements in between. The true parabolic movement is likely awhile away.
When BTC does exhibit parabolic movement, it usually does so for a few days to week before slowing down with a correction, consolidation and then continuation. Its never just straight up forever, be cautious!
Descending Triangle pattern breakout in UPLUPL LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 531+.
✅Can Go Long in this Stock by placing a stop loss below 452-.
