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Gold (XAUUSD) Update Next Week 18-22 Dec23 The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed by a descent to 2000 - 1995 for Target 1, and further down to Target 2 at 1975 - 1960.
Other side, If market successfully breach its resistance levels of 2030 - 2033, as indicated in the buying zone, an upward trajectory is likely possible. This could result in reaching the Target 2050 - 2060, with a subsequent move towards 2090. Monitoring the market closely is crucial to identifying whether it will adhere to the consolidation phase or exhibit a breakout in either direction.
EUR/CHF ⬆️ Long Trade setup ⬆️Hello Everyone.
Head & Shoulders
💲 Entry Point : 0.94737
🟢 TP 0.95489
🔴 SL 0.94361
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Disclaimer
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Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
Gold Update Next Week 11-15 Dec23Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 1990, followed by a subsequent range of 1975-1965. feel free to express your support through likes and comments. ❤️
XAUUSD TECHNICAL ANALYSIS 4Hrs TF looking at the current situation it makes perfect sense why Gold has been consolidating since yesterday. We are above a trendline and below a resistance.
Knowing that gold couldn't hold the breakout from Monday this shows that the market has shifted hands and now the bears are in charge...this is my perspective and approach I am not advising anyone to trade like me I'm simply sharing my chart ✌️
GOLD Towards 1924 Gold has already retested the 1990 area. Now, we anticipate a decline towards 1924 in the coming days. If any daily candle opens above 1992, we will reconsider selling. Currently, we observe significant bearish moves. I have posted a lower timeframe, providing insight into the ascending channel. I am awaiting a breakout; once it occurs, gold will be in our favor.
Plan for 16th November 2023 - EnglishNifty future and banknifty future analysis and intraday plan in ENGLISH
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Life highBelow 370 for stop loss for the target of 470
No recommendation for buy and sell
Take own analysis
Stock multiple time try to break 400 level but not possible no breakout and sustain above this level
Be careful for global market 🐻 so take own analysis and risk no recommendation for buy and sell
XAUUSD OAK Spider Trend Two Weeks After: A Gold's ProphecyXAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted).
The trend path lines I sketched over the daily timeframe graph as it is in my post. This is a 30 minutes time frame view. None of these lines were changed in their slope nor in their position, not even slightly altered in any way.
This can be verified in my Sept 29 XAUUSD analysis
XAUUSD OAK Spider Trend Analysis and 2023 Closing Forecast
OAK
PROSBUSD - Bump and Run Reversal Bottom PatternThe bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink
let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!!
Today I want to talk about LINKUSD in a daily time frame
Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient.
As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you.
I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure.
So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone.
I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright.
If you have any questions, please don't hesitate to contact me.
Wish you the best
Sincerely Yours
Ho3ein.mnD
Reliance Head and Shoulder Pattern Hourly ChartHead and Shoulders Pattern: This is a popular chart pattern in technical analysis that can indicate a potential trend reversal. It consists of three peaks: a higher peak (head) between two lower peaks (shoulders). It suggests that the stock's price might change direction from an upward trend to a downward one.
Left Shoulder, Head, and Right Shoulder: These refer to the three peaks in the pattern. The left shoulder has a high of 2543, the head has a high of 2630, and the right shoulder has a high of 2559. The head is the highest point among the three.
Breakdown Target: In a head and shoulders pattern, analysts often measure the potential downward movement after the pattern completes. The "height of the head" is the vertical distance from the head's high to the neckline (more on this in the next point). In this case, the height of the head is 2630-2473=2316.
Neckline: The neckline is a support level that connects the lowest points of the two troughs between the peaks (shoulders) in the pattern. In this case, it seems like the neckline is at a value of Rs. 2473.
Breakdown of the Neckline: A significant event occurs when the stock's price breaks below the neckline. This is seen as a confirmation of the pattern and a potential signal for a trend reversal. In this scenario, if Reliance's stock price drops below Rs. 2473 (the neckline), it suggests a potential further decline in price.
Downside Target: The "156 point downside in reliance" refers to the expected price movement if the breakdown occurs. It's calculated by taking the "height of the head" (difference between head high and neckline) and subtracting it from the neckline value. So, 2630 - 2473 = 156.
In summary, the analysis suggests that if Reliance's stock price breaks below the neckline value of Rs. 2473, there could be a potential downward movement of 156 points in the stock, based on the head and shoulders pattern on the hourly time frame. This type of analysis is used by traders and investors to make informed decisions about buying or selling stocks.
The information provided here is for educational and informational purposes only. It does not constitute financial advice, and I am not a financial advisor.
Disclaimer: Trading stocks and making investment decisions involves inherent risks, and you should always conduct thorough research and consider seeking advice from qualified professionals before making any financial decisions. The analysis presented, including the target price calculation, is based on technical patterns and historical data, which may not accurately predict future price movements. The actual performance of stocks can vary widely from any analysis or prediction. Always exercise caution and due diligence when making investment choices.
Thank you.
Predicting a Downward Movement for BTCI've been closely observing the BTC/USDT Perpetual Contracts on Binance and after an extensive 4-hour timeframe technical analysis, I am predicting a potential downward movement for Bitcoin.
The key indicators I've used for my analysis are trends, a unique indicator called "Price Action - Support & Resistance by DGT" (source), and two Fibonacci Retracement for two distinct waves.
Firstly, the trend analysis on the 4-hour chart shows that Bitcoin has been consistently making lower highs, indicative of a bearish market. The "Price Action - Support & Resistance by DGT" also backs up this bearish outlook, displaying key areas of resistance that Bitcoin is currently struggling to overcome.
Moreover, by analyzing two significant price waves using Fibonacci Retracement, we can see that Bitcoin's price is rejecting at key Fib levels. The consistency of these rejections at similar Fib levels further cements my belief in an impending downward move.
Based on my analysis, I am predicting a potential fall in Bitcoin's value to 28022 USDT, which would constitute a 4.31% decrease from entry price level.
In terms of risk management, I would recommend setting a stop loss level at 30200 USDT. This level is selected as it is a key resistance point which if broken, would invalidate the current bearish trend.
As always, risk management is crucial. I would advise not to risk more than 1-2% of your portfolio on any single trade, including this one.
It's important to note that while my analysis is thorough and based on key indicators, trading always carries risk. Be aware of the potential risks and always make sure to trade responsibly.
Head and shoulder pattern breakout in SIEMENSSIEMENS INDIA LTD
Key highlights: 💡⚡️
✅On 1Hour Time Frame Stock Showing Breakout of head and shoulder pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3858+.
✅Can Go short in this stock by placing a stop loss above 3695-
Polygon MATIC potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
MATIC/USDT long:
Entry Range: $0.60 - 0.65
Take Profit 1: $0.70
Take Profit 2: $0.82
Take Profit 3: $0.93
Stop Loss: $0.51
GBPUSD - DON'T GET DISTRACTED BY THE SELL Hello traders, have a similar bias on GBPUSD? This week we've seen quite sell on GBPUSD which even took out the PWL (Previous Week Low) but does that mean we are currently bearish? Of course NO.
GBPUSD is still very much Bullish according to Higher Timeframe narrative. We are currently in Premium so begin preparing for more BUYS immediately price sells to Discount.
Externally, we've established we're still bullish so we expect Internal Structure to work in line with that. Internally, we see price has taken out IRL (Internal Range Liquidity) meaning it's likely to buy massively from the 4h Imbalance marked out or from the Order block (which is my preferred entry.
Targets: Price will most certainly head towards the previous week high to clear it and give us another BOS (Break of Structure) which will indicate the continuation of the Bullish trend.
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