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Harmonicbat

5PAISA - Short term bullish reversalLet's understand multi timeframe analysis for NSE:5PAISA . 1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone). 2. Price is approaching a key demand level in weekly and monthly timeframe. 3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend. 4. On a daily timeframe, 14 period RSI is forming a bullish divergence. Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
NSE:5PAISALong
by PriceActionTrader1
NASDAQ Forming BAT PATTERN !!!!Hello traders! As we have predicted in the previous analysis that #Nasdaq will touch 11500-12000 and look what we have after two days consecutive huge bearish rally! Now at this point Market is touching Its previous low (MAY) Support (i.e. 11824) which is just above its may lowest (i.e. 11487) So now from this point what we looking for! There are two scenarios is current circumstances: 1- Wait for the price to bounce from the support and confirmation of the BAT Pattern and then take a long position & aim for the first target. 2- If price break the support on Monday with huge momentum candle then join the bear army and target the may lowest i.e. 11400-11500. Enjoy your weekend because market gonna give tough time this Monday, considering CPI, Jobless claims & all that news stuff :) Please support us by liking if you agreed with our idea, else let us know in comments about your opinion :) Thank You and Good Luck.
ULong
by GreedyHarley
AAPL - Short term bearishNASDAQ:AAPL had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in March 2022 but faced a strong buying pressure at 150 level. Buyers jumped in and took the price back above the trendline. Price ended up making lower high which shows weakness in bullish momentum. Price reversed strongly and broke down below long term trendline support which indicates trend reversal. AAPL is forming Butterfly and Bat harmonic PRZ pattern and it just got activated last week when the price closed below the neckline(B level). Based on XABCD harmonic rules, the price would come down to level D(Price Reversal Zone) and reverse from there(somewhere between 123 and 126). AAPL was also in a ttmsqueeze on a weekly timeframe and is just getting out of it, so momentum could be seen for few weeks.
NASDAQ:AAPLShort
by PriceActionTrader1
3
RELIANCE - Price Action Analysis Currently , NSE:RELIANCE is taking support at the dynamic trendline. It has already been activated Harmonic Bat pattern with PRZ level 0.886 at 2204. BUY : If It is continue falling then Buying opportunity will only happen when price holds at 2200 and makes confirmation candle or price has to hold above 2500 level with breakout candle. SELL : Level of 2400 works as Selling Zone so further falling can see. you can get a short opportunity if any reversal happens at that price or if sustains above 2400 then 2500 again works as resistance so do accordingly. NOTE : Buyers can wait up to 2200 or any reversal at resistance you can take short with strict SL with good Risk and rewards.
NSE:RELIANCELong
by vraj8597
DXY looks bullish but still can come down!I do think the DXY looks like it can go up. But I would like to see some pullback, completing the bullish harmonic with a higher confirmation low would make me more confident in a rally. These are just my thoughts based of TA. I do not claim to be a professional trader, I am just practicing and sharing my thoughts like a logbook. Essentially sharing my journey as a novice trader (2 years). Kind regards. I am short on the short term, long on the long term, hence neutral.
TVC:DXY
by kanimeer