Forming of Rounding Bottom...BLS International Service Ltd forming a rounding bottom pattern. who breakout above 430. Its next Resistence is at 550....
Chartanalysis
Avalanche: Recovery!AVAX recovered last week and rallied within our turquoise Target Zone (between $17.48 and $29.30). We now expect the price to be carried out of the Zone by the turquoise wave 3 and above the resistance at $41.78. However, we still have to keep our alternative scenario (40% likely) in mind. This option calls for a lower low of the turquoise wave alt.2 below the range.
#MYRO/USDT SPOT LONG ENTRY#MYRO/USDT SPOT LONG ENTRY
Leverage: 3x
Entries: $0.07788
Take profit 1: $0.08339
Take profit 2: $0.09671
Take profit 3: $0.12192
Stop Loss: $0.06818
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BYBIT:MYROUSDT
Thanks
The sroced.
#NIFTY Intraday Support and Resistance Levels - 20/08/2024Today will be slightly gap up opening in nifty. If nifty starts trading above 24650 level then possible upside rally upto 24850+ in today's session. Similarly if it's starts trading below 24500 then downside fall expected. 24500-24650 will act as a consolidation zone in today's session. Any strong movement only expected breakout of this zone.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/08/2024)Today will be slightly gap up opening expected in banknifty. After opening upside rally only expected if banknifty sustain above 50550 level. Downside of 400-500 points possible if it's starts trading below 50450 level. No major changes in yesterday's levels due to consolidation movements in market.
Snowflake: One last climbSnowflake should rally once more before ending the turquoise wave b. After this corrective rise, we expect a fall to below the support at $107.41, which will complete the green wave (2). Meanwhile, we consider an earlier start to this final sell-off to be 33% likely.
Ace Trading Academy - AUD/USD Pre-week Analysis Full BreakdownIn this video, we thoroughly review how last week ended and how the upcoming week will potentially set up in AUD/USD based on previous price movement.
We plan to see an initial retest at the beginning of the week and a continuation of the current 2-week uptrend after the retest.
We labeled trading zones, Support/Resistance points, and trend set-ups.
Take a listen, like and follow if you take value from this video.
More value will be coming soon!!
US30 SingalUS30 Analysis - Daily
In this analysis, we are anticipating the formation of a Head and Shoulders pattern. Based on this pattern:
Sell Entry Point: A sell signal has been triggered near the neckline and resistance area. If the neckline breaks downward, a significant bearish move is expected.
Buy Entry Point: If the price bounces off the identified support area below and fails to break down, a buy signal will be activated. In this scenario, the market could move towards higher targets.
Overall, we expect a continuation of the bearish move if the neckline is broken, but if not, a potential reversal to the upside is likely.
Oil slips again and Geopolitical tensions rise In my last post about Oil, I said that "Oil has a good possibility to get back to the range of 83.50 and 84.50", but also "Oil had broken 3 LH's that were created between July 22nd, 2024 and August 1st, 2024". I also mentioned that "we can see a pullback in the ranges of 78.84 and 77.12". In my outlook at the top of the week, I said that I was on the buyer's side until price showed otherwise. Now, price is showing signs of not continuing buys but settling into seller's territory.
In this latest out look, I'm going to give you my insight on where the market can possibly go going into next week. Around early 6AM, price broke the HL from last Friday that shot Oil up all the way to the 77.89 area on this past Monday. On Tuesday, price created the "M" formation signaling that sellers were now starting to step in that sent the market selling for the rest of the week. On today Friday, August 16th, Price hit a demand area that sent price shooting past the HL that i stated early in my typing. This could potentially mean that we are now in seller's territory for a minute depending on how the markets may move going into next week. We did leave a gap above after yesterday's sell movement that can send price back that way from Monday going into Tuesday depending on market conditions. I believe if price goes back that way it can be just to create a LH, IF price doesn't make buying structure. Right now my current outlook is bias until the market finds its footing from Monday-Tuesday.
Amid Oil selling from the technical side, Oil is facing rocky streets from fear of the United States economy as investors are getting ready to brace for interest rate cuts and other things going on in different countries. From Fed Powell, to Iran retaliation, and to China's weak economy, Oil is in some unpredictable territory especially with a lot of geopolitical tensions rising. Next week news combined with technicals will give a greater outlook on Oil.
Solana: Reconsideration?According to our primary expectation, Solana should now sell off even more strongly and head for our blue Target Zone ($109 – $51.20), where we expect the low of the same-colored wave (ii). Traders could open long positions within this range, placing stops about 1% below the lower edge. With the low in place, a move back above the resistance at $210.03 is on the cards. However, with the price narrowly missing the Zone in the past, we must also consider the option that the low has already been established. This scenario (37% likely) will come into play on a break of resistance at $210.03.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/08/2024)Today, a gap-up opening is expected in Bank Nifty near the 50000 level. A downside reversal is anticipated from the 49950 level to the 49550 level. If Bank Nifty starts trading above the 50050 level, a possible upside rally up to the 50450 level is expected. No major changes in 14th august level due to the consolidation session.
Bitcoin: Tug-of-WarThe declines of the last few hours could be the prelude to the final sell-off of green wave 4, which would pull the price significantly lower into our Zone. Only when this move has ended should the price start a sustained upward trend and surpass the resistance at $73,808.
EUR JPY Trade Setup 30 mins timeframe. EUR JPY has formed an head and shoulders pattern on the 30 mins timeframe.
This pattern was formed at the 4 hour resistance level.
Now we need to see a soild candlesticks confirmation pattern before going short.
Don't trade all the time, trade forex only at the confirmed trade setups.
WTI: Knock, knock…WTI recently rejected the lower edge of the turquoise Target Zone between $79.67 and $85.86. We expect a further advance into this range before the high of turquoise wave B can be established. The price should then turn around and sell off with the last leg of the green wave (2) into our same-colored Target Zone between $49.85 and $27.93.
Nio: Close Call!We continue to see NIO in the blue wave (iii), which should lead to an increase above the resistance at $7.02. Subsequently, we expect a small correction before a further rise completes the magenta wave (1). Should the share fail to hold the $3.61 mark, which we consider to be 48% likely, we will see it in the beige-colored wave alt. II.
OILUSD/H4 WTI oil fluctuates in the stable range of $70 - $80.OILUSD forecast on August 13, 2024:
WTI oil is under pressure from the war and DXY is decreasing. Currently, the oil price has risen from the $71 region back to the $80 area. It is likely that oil will experience a correction before continuing its upward trend. The trading trend today is BUY.
Key levels to watch are: 76.5, 78, 80, and 82.
Recommended orders:
Plan 1: BUY OILUSD zone 76-76.5
SL 75.5
TP 78 - 80 - 81.
Plan 2: BUY OILUSD zone 77.60 - 78.10
SL 77.20
TP 79 - 80 - 81.
Plan 3: SELL OILUSD zone 83.30 - 83.50
SL 83.80
TP 82 - 81 - 78.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/08/2024)Today will be flat opening in banknifty. After opening if banknifty sustain above 50550 level then expected upside rally upto 50950 level. It will face strong resistance at 51000 level. Downside 400-500 points rally possible if banknifty starts trading below 50450 level. Downside 50000 level will act as a support for today's session.
Fiserv: At the crossroadsWe primarily expect Fiserv to drop into magenta Target Zone between $134.54 and $120 as part of the same-colored wave (2). Investors could then open long positions there, with stops placed around 1% below the lower edge. Subsequently, we expect a rise above the resistance at $165.28. We consider an earlier break of this level to be 37% likely. In this case, however, it would only be the magenta-colored wave alt. (1).
#GER30 bearish continuation moveAfter an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias.
Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this timeframe.
These factors together suggest a bearish outlook.
#AUDNZD bearish continuation scenarioAfter a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C.
This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.
Gold Market Outlook: Bullish Trend Expected To PersistOur technical analysis and market indicators suggest that gold will continue to exhibit bullish behavior tomorrow, Identified buy level at 25 and 20, building on the momentum established in recent trading sessions. This optimistic forecast is supported by robust fundamental factors, including:
- Strong investor demand for safe-haven assets
- Central banks' continued gold reserves accumulation
- Favorable macroeconomic conditions
Organigram: Home StraightOrganigram should retrace a little further within our magenta Target Zone between C$2.65 and C$1.91 before completing the magenta wave (2). With the low in place, a rise above the resistance at $3.95 is then on the agenda.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/08/2024)Market Outlook for Bank Nifty:
Opening: Expected to open with a gap up near the 50,500 level.
Potential Reversal: After opening, a reversal at the 50,500 level could continue the bearish trend.
Downside Potential: If a reversal is confirmed if banknifty starts trading below 50450 level, a downside rally of 400-500 points could occur after that.
Extended Downside: The rally might extend by an additional 400-500 points if Bank Nifty trades below the 49,950 level.
Upside Potential: Any upside rally is only anticipated if Bank Nifty sustains and trades above the 50,550 level.
