Gold approaching DEEP CRAB reversal zone at 2820 Possible pump and then dump from here Sell on rejections from this area
There is divergence in RSI + confirmation in Price action of higher high. . .big bounce or reversals are expected. . .this scenario is in Butterfly harmonic pattern + Rsi divergence + HH candle confirmation + crucial trendline support. . . .too many things for confirmation. A daily close below the the trendline will void this setup.
Weekly closing above 23500 will indicate change in trend . . .Nifty placed at dynamic trend line and horizontal support zone. . .technically convergence of many support zones in this area. . . .Weekly closing as mentioned above will indicate confirmation of change in trend. . . .to possibly 25k > 27k.
Potential wolfe wave pattern SEll on 4hr rejection candle formation
Potential sell zone Corrective wave c in progress Point b completion Butterfly harmonic pattern If not violated then possible down side move ahead.
GBPNZD in potential reversal zone. Possible expanding triangle complete wave5. Confluence of fibonacci ratios.
Potential point c completion of harmonic pattern Butterfly/crab. Possible bullish targets above 2700-2722 As long as above 2635 view remains bullish.
Big rejection candle on Weekly time frame. Bearish trigger on higher time frame, possible downtrend in coming weeks. Nifty has never recovered from such weekly bearish closing for 3-4 weeks before. Possible completion of EW wave -5 21000-22000 would be next possible targets.
XAUusd in down trend Possible in GARTLEY PRZ Any sell candle trigger will be selling opportunities. Possible targets - 2390 or lower
Price reacted to 61.8 fib levels and RSI showing hidden bullish divergence. Possible higher high and trend continuation possible.
Price reacted to 61.8 fib levels and RSI showing hidden bullish divergence. Possible higher high and trend continuation possible.
Possible pullback till 50K from this zone, if that breaks maybe 48K or lower.
Weekly closing above 49K will be bullish with 52.5-53K targets. Below 49 K bears will take charge. 42K is long term demand zone.
GBPAUD Potential in wave 5 Above 1.91 more are the chances for pushing a higher high Also can form a harmonic structure butterfly/crab if the bullish wave really kicks
Potential rejection at point c . . of butterfly. . from 61.8% last fib retracement Targets for sell 2000-1980 or lower 2039-2048 is big resistance zone Price constantly rejecting fro this zone Any break above this zone invalidates sell and possibly 2111 will be the bullish target.
XAUUSD SELL ON REJECTION 2031-2035 is resistance zone Potential trend line testing zone Harmonic pattern deep crab confluence at point C Profit targets 2000 and lower RSI at hidden bearish divergence at the moment. Invalid if 4hr closed above 2038.