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Wave Analysis

NIFTY50.....Down means down! Hello Traders, my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target. If so to come, at this point we can check out for a reversal at the chart! But; step after step! I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x! Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range. A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside! Traders who favouring the upside can trade above 23426 for more bullish potential. As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend! Have a great time..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
1
GOLD Is Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,770.874. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,759.181 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GBPUSD Will Go Up From Support! Buy! Take a look at our analysis for GBPUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.216. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.251 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
5
AUD/USD - Weekly OutlookHey guys, im starting to get a Following pretty quickly and I appreciate all the kind words and support. The more I get from you guys the more Ill do in return. In this chart im actually starting off in the Monthly TF which I dont tend to look at too often although I believe is necessary here. In the Monthly we can notice a Long Term Bearish Channel insinuating long of sellers momentum. This in all of our trades will be taken into account due to Higher TF will be preferring sells. Weekly TF price action shows us the most recent move was a large volume of Bullish movement, this movement infact was counted as a Breakout in my opinion due to the Elliot's Wave Theory finishing on this continuation leg. Saying that we are currently filling a previous sell side Imbalance which tells me we will see some slow choppy price action to follow and possibly see price Consolidate. Small TF would suggest we have made a MSS which I will move into soon. Daily TF price action is very similar to the weekly, we see in better details that we have not closed out of that Imbalance although we can notice we have closed Higher than the previous pullback high telling me we have seen a MSS. This daily Bullish push has been so far marked out with the Fib to find out Discount zone to look for possible buys but currently im not even close to interested due to being in a choppy higher TF imbalance. 4H. I would like to see price fall further towards out Mitigation Block and the breakout candle returning back into the Discount Zone before looking for any buying opportunities. When breakouts occur price action tend to return back to that Trend Line to claim Sell side Liquidity in this case of it being a Bullish Breakout. Overall I would prefer a sell position although depending how price action looks I will look for buying opportunities once price action settles. Good Luck to all the traders that decide to follow.
by jamesibartram
USOIL My Opinion! BUY! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 74.53 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 76.87 Recommended Stop Loss - 73.41 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
NZDCAD Is Going Down! Short! Take a look at our analysis for NZDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.819. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.809 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
0121 GOLD will rally up to last top?Hello traders, On January 21, 2025, Trump's First Day in Office: Logical and Technical Analysis Trump has finally been sworn in as the 47th President of the United States. Trump served as President from January 2017 to January 2021. During this period, the price of gold generally rose: - At the beginning of 2017, the price of gold was about $1,200 per ounce. - By August 2020, the price of gold reached a historic high, exceeding $2,000 per ounce. - In January 2021, when Trump left office, the price of gold was around $1,850 per ounce. From the data, it can be seen that the price of gold did not experience a long-term decline during Trump's presidency; instead, it saw significant increases. Therefore, from the price trend perspective, Trump may be considered a blessing for gold. However, in the early days of Trump's presidency, if the U.S. economy performed strongly and the stock market continued to rise, it could have weakened gold's appeal. His policies were once believed to favor a strong dollar, which typically negatively impacts gold. ** ** Last Friday, the following was noted: "Trading plan from Friday to next Monday, considering that gold has currently reached a potential triple top bearish resistance area, and this upward wave has completed a five-wave structure. On the four-hour chart, Friday's Asian session ended with three consecutive bearish candlesticks. New short positions can be considered after the U.S. session until the Asian session next week, looking for a one-hour bearish signal to enter. TP1: 2683 TP2: 2670 TP3: 2656" Monday is a U.S. holiday + President Trump's inauguration, and gold currently remains in a flat position without entering. On the daily chart, gold is still stabilizing above the daily EMA, with no reasons to be bearish. However, on the four-hour chart, the resistance level that gold has touched for the third time requires us to wait for specific signals during the European and American sessions to determine whether this level will break and continue to rise, or if it will break and then pull back before continuing upward. Therefore, the trading plan for gold on Tuesday is to continue buying along the daily direction, but we need to consider that there might be a correction first. The initial target for the pullback is the EMA support level on the four-hour chart, around the 2709 range, waiting for a new one-hour entry signal to buy after the U.S. session opens. TP1: 2756 TP2: 2770 TP3: 2790 GOOD LUCK! LESS IS MORE!
OANDA:XAUUSDLong
by FUNTRADER-Vera