Key Points: Fibonacci Bounce at 1116 (0.618): The 1116 level aligns with the 0.618 Fibonacci retracement, signaling a probable bounce as historical data suggests significant price reactions at such levels. Strong Support Zone at 1100-1185: The broader support zone enhances the bullish outlook, providing a sturdy foundation for potential price...
The Symmetric Triangle Resurfaces A Brief Recap: For those keeping a close eye on market trends, the symmetric triangle is a familiar sight. Characterized by converging trendlines, this pattern suggests a period of consolidation before a potential breakout. In recent times, it has once again manifested on the charts, creating a sense of anticipation among...
Note: This is for informational purposes only and not a recommendation to buy or sell. Pattern: Triangle Pattern Breakout Signal : Ready to breakout Historical Data: 2015-2024 High breakout observed Retest: Successfully completed, indicating potential strength Point of Control (POC): Located at 178, a critical level Trade Scenario: Short-Term Target...
Explore a compelling Elliott Impulse Wave formation on TrendingView, revealing a robust breakout support at 622. The presence of a symmetric triangle pattern suggests potential movement through the ascending channel (black line). With a short-term target range of 686 (0.5) to 698 (0.618) based on Fibonacci retracement, this analysis incorporates technical...
Bullish wedge flag pattern indicates a rebound at the Fibonacci 0.61 level (at 86.4). The anticipated target is 90.95, corresponding to the initial resistance line, also identified as Fibonacci 1.0. A breach of this resistance line would potentially lead to a target of 98.3.
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Fibonacci crossed (0.382) Confirmed trendline breakout (Daily) Stoch RSI going up (Weekly)
Snowman Logistics Ltd NSE: SNOWMAN Volume increasing cup and handle formation short term 71 mid short 91 longterm 143
Trendline Breakout: Trendlines are lines drawn on a price chart to represent the direction and strength of a trend. A trendline breakout occurs when the price moves above or below the trendline, signaling a potential change in the trend. Fibonacci Support: Fibonacci retracement levels (e.g., 61.8%) are used to identify potential levels of support or...
Should we witness a breach of the flagpole at the 260 level? The next target to aim for would be the Fibonacci level at 265. In case the Fibonacci level remains unbroken, the lower support at 261 becomes significant. In such a scenario, the formation of a Head and Shoulders pattern could be imminent.