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Wave Analysis

LSK is near BullRunLSK has had an A wave that ended and is now in a B wave. Wave B looks like a triangle, which we are now in the last wave (wave E). From the green range, we expect bullish movement towards TPs. TPs are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTO:LSKUSD
by behdark
3
BITCOIN ON RESISTANCE, WATCH FOR THESE IMPULSES NEXT!Bitcoin recently tested a major resistance at $73,600, where selling pressure emerged on lower timeframes. A breakout followed by a pullback may occur after the third impulse completes, potentially driving downside momentum to gather liquidity around the key support zone near $66,670. At this level, we could see supported price action aligning with the recently established bullish channel and trendline. With a clear bullish reversal from this low, the rally is expected to continue, aiming for a fifth impulse that could push the price above $80,000.
Long
by traderchamp_
1
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs? Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP. Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data. The overall environment is complicated due to the US presidential race. Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy. Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities! Resistance levels: 2758, 2775 Support levels: 2745, 2728, 2724 Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently: 1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800 2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Analyzing Central Bank of India's Bullish Breakout PatternAnalyzing Central Bank of India's Bullish Breakout Pattern: Key Insights, Target Projections, and Entry Point Strategy The Central Bank of India stock chart, presented above, reveals a rich tapestry of technical indicators and patterns that suggest a strong potential for a bullish breakout. With a convergence of classic chart patterns, Fibonacci levels, and Elliott Wave counts, this setup provides a strategic opportunity for traders and investors. 1. Cup and Handle Formation One of the standout features on the chart is the "Cup and Handle" pattern, a bullish setup often hinting at a significant price move. This formation, characterized by a rounded "cup" followed by a consolidation phase ("handle"), typically leads to a breakout above the resistance level once the handle is completed. The breakout from this formation is a positive sign, indicating potential upward momentum for the stock. 2. Inverse Head and Shoulders Pattern Adding to the bullish case is the presence of an "Inverse Head and Shoulders" pattern, a common reversal signal suggesting the end of a downtrend. This pattern comprises three dips, with the central dip (the head) being the deepest, flanked by two higher shoulders. The recent breakout from the right shoulder signals a likely reversal of the previous bearish trend, indicating the beginning of a new uptrend phase. 3. Elliott Wave Analysis The chart includes Elliott Wave labeling, which highlights a series of impulsive and corrective waves. Currently, the stock appears to be moving toward Wave 5, often associated with the final upward push in an Elliott Wave sequence. Using Fibonacci extensions, the potential targets for Wave 5 are marked, with key levels around 80.86 INR and 100.45 INR, representing the 1.0 and 1.618 extensions, respectively. 4. Fibonacci Retracement Levels and Key Entry Point Fibonacci retracement levels offer insight into likely support zones, particularly during pullbacks. Here, the 0.618 retracement level at 43.13 INR serves as a critical support level. This point is especially significant as it coincides with the completion of Wave 4. For investors and traders looking to enter with a strategic advantage, 43.13 INR presents an ideal entry point, providing both a discounted price and strong technical backing as it aligns with the 61.8% Fibonacci retracement level. Entering around 43.13 INR allows for a well-timed entry during a pullback, potentially maximizing upside gains as the stock resumes its ascent toward the projected targets. 5. Bollinger Bands for Volatility Insights The Bollinger Bands (BB) overlay adds another layer of analysis by highlighting recent price volatility. The stock's current position near the upper Bollinger Band suggests strong bullish momentum. A breakout above the upper band could further confirm the upward trend, signaling a surge in buying activity that could propel the price toward the target levels. 6. Target Projections The chart highlights two primary target levels based on Elliott Wave extensions and Fibonacci calculations: Target 1: 80.86 INR – This level aligns with the initial Fibonacci extension target, offering a conservative target based on the Elliott Wave structure. Target 2: 100.45 INR – This is the 1.618 Fibonacci extension level, commonly associated with the end of an impulsive wave, representing a more optimistic target. Both targets represent logical exit points for traders aiming to capitalize on the stock’s potential rally following the identified patterns and breakout points. Conclusion The Central Bank of India stock is showing strong bullish potential through a combination of the Cup and Handle, Inverse Head and Shoulders, Elliott Waves, and Fibonacci retracement levels. For those looking to enter this position, 43.13 INR serves as a favorable entry point, supported by the 61.8% retracement at Wave 4. From here, traders can aim for the specified targets at 80.86 INR and 100.45 INR, which align with Fibonacci extension levels and complete the Elliott Wave cycle. With clearly defined support, entry, and target levels, this technical setup provides a well-rounded strategy for capturing potential gains in Central Bank of India's stock. Traders and investors should watch for confirmations around these key levels and adjust their strategy accordingly to maximize potential returns. #DYOR
NSE:CENTRALBKLong
by Charts_Maven
KKB Engineering Bhd (MYX: KKB)Current Price: 1.67 MYR The stock has recently rebounded from the 200-day moving average and closed above the 50-day and 100-day moving averages. If the price remains above 1.65 MYR with strong volume, consider entering. Primary Target: 1.85 MYR, based on the next resistance level. Stop Loss: 1.55 MYR, slightly below the 200-day moving average to manage risk. Short-Term: (1-3 weeks)—The setup is for a quick gain based on current technical conditions, aiming to capture the upward momentum. Note: This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
K
by apisjay