Beware of Shorting OpportunitiesAs we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts.
On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete the trading setup. As a result, the market may not respect the level and could bash through the resistance level.
On the weekly chart, we also see that the Bearish Shark Pattern retest, doesn't give us an RSI divergence. Once again, the market may extend further before any significant retest.
Despite all of this, if you're still interested in shorting the market, do it with caution.
On the 4-hourly chart, waiting for the market to retest at the 90.03 level could attract price-action traders to jump in for the counter-trend move.
Personally, I prefer to head in for a buying opportunity at the key support level of 89.05. My initial stop-loss would be at 88.67 (-38 pips) or approximately -380USD/lot. The first target is seen at 90.08 (+103pips) or approximately 1,030USD/lot.
Remember, it's important to plan your own trade and never follow any trader blindly. Let's continue to monitor the market closely and make informed decisions.
Gartley
Moonbeam (GLMR) formed bullish Gartley for upto 19.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Moonbeam (GLMR) with Bitcoin pair.
Previously we caught more than 81% pump of GLMR as below:
Now on a 4-hr time frame, GLMR has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Alchemix (ACH) formed bullish Gartley for upto 14.50% pumpHi dear friends, hope you are well and welcome to the new update on Alchemy Pay ACH with Bitcoin pair.
Recently we cauhgt almost 13% pump of ACH as below:
Now on a daily time frame, ACH has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Moonriver (MOVR) formed bullish Gartley for upto 17.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Moonriver (MOVR) with US Dollar pair.
Recently I shared a trade signal for MOVE, and the price move slightly down than potential
Now on a 4-hr time frame, MOVR has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Wing Finance (WING) formed bullish Gartley for upto 10.50% pumpHi dear friends, hope you are well and welcome to the new update on the Wing Finance (WING) with US Dollar pair.
Recently we caught almost 21% pump of WING as below:
Now on a 4-hr time frame, WING has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Berkshire Hathaway: Bearish Gartley Hinting at a 40-60% DeclineBerkshire Hathaway is currently trading at the HOP level of a Bearish Gartley and at this HOP level, upon close, will likely confirm a Bearish PPO Confirmation Arrow as the PPO Oscillator itself gets closer and closer to breaking below a well established trend line.
Along with that, we have some Bearish Divergence on the MACD and the price action we got at the HOP resulted in a green Shooting Star Candlestick Reversal Pattern that we are working on confirming via a Weekly Bearish Engulfing.
If all goes as expected, I would think that the shares of Berkshire Hathaway will first pull back 27% which would put at the 2022 lows but after that I think it will likely pullback around 40%-60% to fill an unresolved gap at $314,850.00
NZDJPY ADVANCE HARMONICS PATTERN GARTLEY BULLISH Hello, Traders
Today, we are turning our gaze towards the NZD/JPY pair, which is showcasing a remarkable trading opportunity.
Upon examining its hourly chart, we notice that it has formed an advanced harmonic pattern, specifically the Gartley Bullish pattern. This development indicates a potential upward movement in the near future.
Currently, the price is trading above the long entry level (EL) at 86.448, which is a promising sign for traders looking to capitalize on this upward trend. To safeguard your investment, consider setting a protective stop (ST) at 86.301.
As we venture into this trading opportunity, here are the targets to keep an eye on:
**Target 1:**
- 62% of XA: 86.702
- 79% of XA: 87.364
**Target 2:**
- 127% of XA: 88.019
- 162% of XA: 88.489
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OAX token forming bullish Gartley for upto 26.50% moveHi dear friends, hope you are well and welcome to another new trade setup of OAX token with US Dollar pair.
Previously we caught more almost 16% pump of OAX as below:
On a 4-hr time frame, OAX is completing the final leg of a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The goal of reducing 60$According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 60. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by May 2024, there will be a great point for going to long.
Trust Wallet Token (TWT) formed bullish Gartley upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of Trust Wallet Token (TWT) wit BTC pair.
Previously we caught more almost 30% pump of TWT as below:
On a daily time frame, TWT has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Highstreet (HIGH) formed bullish Gartley for upto 10% pumpHi dear friends, hope you are well and welcome to the new trade setup of Highstreet (HIGH) with US Dollar pair.
Previously we caught more than 20% pump of HIGH as below:
On a 4-hr time frame, HIGH has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Enzyme (MLN) formed a bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a almost 22% pump of MLN as below
Now on a 4-hr time frame, MLN has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
aelf (ELF) formed bullish Gartley for upto 12% moveHi dear friends , hope you are well and welcome to the new trade setup of aelf (ELF) token with US Dollar pair
Previously we caught a almost 30% pump of ELF as below
Now on a 4-hr time frame, ELF has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Theta fuel (TFUEL) formed bullish Gartley for upto 15.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Theta fuel (TFUEL) with US Dollar pair.
Our last successful trade of TFUEL was the below one:
Now on a 2-hr time frame, TFUEL has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
USDJPY Going downAs we all know, the news that is coming this week is going to dictate how the market is going to play out. My chart analysis shows that Elliott wave from BC is almost complete.
I predict that over the coming weeks/months the US dollar is going to sink, this was originally fueled by the news that Mike Burry has bet billions on the Nasdaq crashing. That would bring about a drop in the DXY, gold through the roof, and dollar pairs under your desk.
The question is when? well, has Mike Burry gone too early again or is he on time this time.
We will have to wait and see.
Published 19th September 2023
CUP AND HANDLE• weekly chart analysis
• cup and handle chart pattern breakout
• one year to breakout cup and handle pattern
• stock treading at the 557 level and 530–535 as a breakout of the pattern.
• target for the chart patterns 680
fundamental analysis
positive for the stock
1) PE RATIO < INDUSRTY PE
2) PEG BELOW 1
3) ROE > 15%
4) ROCE NEAREST 15%
Business Segments
Edible Oil and Vanaspati
Distillery
Real Estate
NEGATIVE FOR THE STOCK
1) DEBT TO EQUITY RATIO APROX 1
2) EV/EBITDA HIGH
3) NO ONE MUTUAL FUND AND FII BUYING
Venus (XVS) completing bullish Gartley for upto 12%Hi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS) with US Dollar pair.
Recently we caught almost 15% pump of XVS as below:
Now on a 4-hr time frame, XVS has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Opportunities Abound!The Dollar Canada pair offers a chance to capitalize on a bit of consolidation after an uptrend movement. Upon examining the daily chart, there appears to be a retest of the previous resistance, indicating a favorable buying opportunity for counter-trend traders.
The 4-hour chart shows a retest of the support area, which could potentially lead to a harmonic pattern on the intraday time frame, such as the 15-minute or 1-hour chart.
On the weekly chart, the Dollar Canada has a fib-3 bat pattern completing at 1.2579, hitting its resistance level. For support-resistance traders, there is a candlestick confirmation over here, which could indicate an aggressive selling opportunity. However, due to the lack of other trading ideas support, this may not be an attractive option.
The daily chart shows a bearish shark pattern that has already been validated and engaged in movement, hitting the support level. Structure based traders may want to look for a buying opportunity around this zone at 1.3508. The 4-hour chart has a retest of support at 1.3495, which is a zoomed-in version compared to the daily chart. On the 1-hour chart, support-resistance traders can look for a shorting opportunity on the mini buy zone over here at 1.3529 the immediate level.
The 15-minute chart provides multiple trading opportunities, including a bullish bat pattern completing at 1.3506, a bearish deep gartley pattern completing at 1.3547, and a bullish butterfly pattern at 1.3478. These opportunities can be identified by those who know how to spot them.
As a suggestion, a Bullish Bat Pattern completing at 1.3506 has an initial stop-loss at 1.3492 (-14pips) and a first target at 1.3516, yielding approximately +100usd/lot for +10pips. Should the market extend upwards, a Bearish Deep Gartley Pattern is looking to complete at 1.3547, with an initial stop-loss at 1.3559 (-12pips) and a first target at 1.3530, yielding approximately +170usd/lot for +17pips.
Please note that this is not a trading advice, and it is recommended that you do your own analysis before making any investment decisions.