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Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 48400+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+. 📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
NSE:BANKNIFTY
by TradZoo
BTC Potential Correction to the 66-70k area in next few daysA small correction may soon occur. We are quite overvalued. We're just going to go over a few things so you may understand why we are saying this.. 1. If BTC is to hit its projected ATH of 198k by end of June 2025, it needs to proceed at a specific slope/trajectory. This slope is vastly below the current price; residing at 54.4k. 2. We are outside of our YinYang True Value Zone. This currently resides at 68k. 3. We are still currently in a Blood Diamond; and likewise our Predictive Blood Diamond has occurred. 4. We have already hit a point where a Bearish Momentum shift should occur within our SFX Signals & Overlays; we're just waiting for the Bullish Momentum to end.. which may be soon. 5. The volume (you can see this at coinmarketcap.com) still isn't where we need it to be 80-100b+. Conclusion: BTC and the Market is doing great; however there may be a correction coming soon... and it may be within the next few days. Please take caution and be aware of any risks involved with your trades. Expectation: BTC may correct back to the 66-70k area within the next few days. This correction may go further, or it may quickly resolve back into the 70k+, however, please be advised, that simply based on the Trajectory we need to get to 198k by July 2025, we are insanely overvalued and a correction WILL happen at some point if 198k by July 2025 is the ATH.
Short
by YinYangAlgorithms
2
Sell EURUSD Price RejectionThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent price rejection at a resistance level. This suggests a potential shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0925, positioned close to the rejected level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.0890: This represents a short-term support level that could see renewed selling pressure. 1.0870: This is a further extension of the downside target, based on the recent price movement. Stop-Loss: To manage risk, place a stop-loss order above the resistance level at 1.0950. This helps limit potential losses if the price unexpectedly breaks above resistance. Thank you
Short
by KABHI_FOREX_TRADING
6